Overview:
Road safety systems are being implemented more than ever before due to the rising concerns surrounding inefficient road management capabilities. The number of fatalities caused due to road accidents sees an all-time high. The continuous growth in the number of accidents, crimes, and other disasters calls for an increased demand for safety while on the road. Road safety systems are focused on ensuring the safety of people driving on the roads, as well as pedestrians. The road safety systems markets are engaged in providing ease-of-access to better technology and management systems to overcome traffic-related issues and enhance the on-road driving experience for people all over.
The primary efforts taken in regard to road safety systems is the enhancement of existing infrastructure, along with the integration of the latest solutions with the ones that already exist in the market. The requirement of safety and security on the road is bigger than ever, and the market demands more technological advancements in that avenue. Development of such technology needs to the key focus point for enhanced market growth.
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The next step with regards to road safety systems comes in the form of implementation. Roads are being used increasingly, and the need implement safety solutions is on the rise. The increase in the number of passengers, as well as heightened congestion brings the need for better road safety to the forefront. Traffic violations and road safety offences can be tracked better than before with the help of the right technology. Giving road safety systems the attention it deserves will help the traffic police and other law enforcement authorities to perform better traffic surveillance and increase safety on the road.
Gobal Key Players :
Jenoptik (Germany)
Information Engineering Group (Canada)
Kapsch TrafficCom (Austria)
Redflex Holdings (Australia)
Verra Mobility (US)
Sensys Gatso Group (Sweden)
Motorola Solutions (US)
IDEMIA (France)
SWARCO (Austria)
FLIR Systems (US)
Laser Technology (US)
Syntell (South Africa)
Optotraffic (US)
Cubic Corporation (US)
VITRONIC (Germany)
Conduent, (US)
AABMATICA (India)
Kria (Italy)
Siemens (Germany)
Traffic Management Technologies (South Africa)
Dahua Technology (China)
Truvelo (UK)
Clearview Intelligence (UK)
Trifoil (Sultanate of Oman)
Segmentation:
The segmentation for road safety systems market is done based on product type and application type. Based on product type, the market can be divided into solutions and services. While solutions include better enforcement, enhanced incident detection and response, as well as ALPR/ANPR, the services-based segmentation includes better professional services as well as more efficient management services. The road safety systems market takes effect based on the application of developing technology, and how it can be implemented for utmost advantage. As of now, the segmentation for application of these technologies are for bridges, highways, tunnels, urban roads, and other roadways.
Regional Overview:
Road safety systems market is developing in regions that have the infrastructure to support such development. As of now, North America is the leader in the segment due to the increased adoption of road safety systems. The region reports a very high rate of car ownership and usage, allowing it to take the lead for better traffic management. Moreover, the presence of key players in this region has sufficiently contributed to its growth. Countries in the Asia Pacific region are not too far behind and are projected to grow the highest. Increased vehicles on the road as well as lack of efficient infrastructure are the two elements that will motivate the growth of road safety solutions in this region.
Industry News
The latest road safety infrastructure in many of the developing countries include enhanced communication lines for easier access to public transport. One of the leading causes for traffic congestions is the poor functioning of public transportation. When communication and enforcement are given primary importance, authorities will be able to curb the rise in vehicles on the road.
……Continued
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