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Request for TOC report @ http://bit.ly/2s2IFsg<br><br>The road safety market can be segmented on the basis of solutions, services, and technology. Based on solutions, the road safety market is sub-segmented into automatic license plate detection, bus lane compliance, red light enforcement, speed enforcement, and incident detection system. Red light enforcement dominates the industry as it is one of the safest control systems, easy-to-install, and is also cost-effective. Furthermore, governments of various countries are adopting these services owing to the rise of smart cities and safety initiatives.
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Road Safety Market Drivers of Growth Analyzed in a New Research Report by 2024: Global Market Insights, Inc. Fuel Cell Market size worth $25.5bn by 2024
Regional Analysis of Road Safety Market : • North America dominates the road safety market owing to its technological advancements, large-scale investment in road safety and security solutions, advanced infrastructure, and the presence of many service providers. The region is among the early adopters of the latest technology, giving it an edge over the other regions. Europe is the second largest region in the road safety market owing to the presence of a large number of service providers and manufacturers. • Asia Pacific is the fastest growing region in the road safety market due to the economic growth and various government initiatives to support road safety measures. Countries, such as India, China, and Australia, have adopted various strategies to introduce changes in the implementation and planning of security measures for optimizing the roadways security.
Application Analysis of Road Safety Market: • The road safety market can be segmented on the basis of solutions, services, and technology. Based on solutions, the road safety market is sub-segmented into automatic license plate detection, bus lane compliance, red light enforcement, speed enforcement, and incident detection system. Red light enforcement dominates the industry as it is one of the safest control systems, easy-to-install, and is also cost-effective. Furthermore, governments of various countries are adopting these services owing to the rise of smart cities and safety initiatives. • The adoption of red light enforcement has resulted in the reduction in the number of collisions and right-angle crashes, which augment the industry growth. The automatic license plate detection is growing rapidly owing to the need for traffic enforcement and accident prevention. These automatic license plates are easy to install and provide facilities such as video cameras, over speed detection, and alarm system.
Competitive Market Share of Road Safety Market: • The main players operating in the road safety market include Motorola Solutions, American Traffic Solutions, Rad Data Communication, Jenoptik, Kapsch AG, Swarco AG, Redflex, Thales, Tyco, Alcatel-Lucent, and Siemens AG. New product developments, mergers & acquisitions, and partnerships are the strategies adopted by these key players to emerge strongly in the road safety market. • They provide facilities such as video surveillance, real-time traffic flow systems, and communication systems for maximizing the road safety.
Browse Full Market Research Report On Road Safety Market @ http://bit.ly/2tPKxsr Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1777
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