Road safety basically refers to the safety for the mass of people while travelling towards their destined place. The motive is to build concrete strategy to restrict number of road accidents or to reduce the impact after the scenario of crash. Typical road users include pedestrians, cyclists, motorists, vehicle passengers etc. who are frequently using roads to reach towards their destination in their daily life.
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The global road safety being emerged as one of the basic needs of the common people. The growth in global road safety market owes to the rapid growth in the urbanization, demand of convenient mobility solution for transportation system, government concerns for the road safety. In addition, to improve the life balance of the common people in order to increase in their productive time propels the growth of road safety market. Nowadays, need for safety concern kept at priority level in the therefore technological integration to reduce. Some of the restraining factors includes the high initial investment to improve road safety solution along with the problems associated with the removal of old infrastructural facility instead of new ones.
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Various notable players operating in the market, includes Conduent, Kapsch AG, Flir Systems, Thales, Tyco, Huawei, Raad Data Communication, Siemens, Parsons, Lacorix, Iteris, Cubic Corporation etc.
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The Global Road Safety Market has been segmented on the basis of Components, Application, Services and key geographies. Based on components, the market comprises of Hardware, Software and Services. The research report “Global Road Safety Market” provides in-depth analysis of global road safety market based on components, application, services and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global road safety market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
Key questions answered in this research report:
- At what pace is road safety market growing? What will be growth trend in future?
- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global road safety market?
- What are the various application areas and how they are poised to grow?
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