What is Road Safety Systems Market Scope?
Road safety systems are systems developed for the development of the infrastructure in order to keep the road's safety intact. The increasing population and rising number of vehicles is the main reason for the employment of the system. The advanced technologies and growing smart device penetration is the reason of ease and automation for the road safety systems implying the integration of different components like sensors, cameras, and drones for surveillance and safety precautions.
The Road Safety Systems market study is being classified and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Road Safety Systems market throughout the predicted period.
Jenoptik (Germany), Kapsch TrafficCom (Austria), Sensys Gatso Group (Sweden), Redflex Holdings (Australia), Verra Mobility (United States), IDEMIA (France), FLIR Systems (United States), Motorola Solutions (United States), SWARCO (Austria) and Information Engineering Group Inc. (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cubic Corporation (United States), Siemens (Germany), Conduent (United States), VITRONIC (Germany) and Kria (Italy).
Analyst at AMA have segmented the market study of Global Road Safety Systems market by Type, Application and Region.
On the basis of geography, the market of Road Safety Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2020.
Market Influencers and their development strategies
In 2021, Teledyne Technologies Incorporated acquired thermal imaging and UAS maker FLIR Systems, Inc. This acquisition will complement Teledyne technologies product portfolio and unmanned vehicle manufacturing for surveillance applications.
In 2019, Redflex Holdings enhanced its Halo platform with the launch of Halo Edge, a completely machine-controlled and integrated ANPR camera. It is supposed to deliver Clean Air / Low Emissions Zone's coverage by vehicle detection, capture, and observance compliance through a process the information from the Halo Edge intelligent cameras and sensors.
Influencing Market Trend
- Development of system and Integration with Automation like Artificial Intelligence and Machine Learning
- Rising Number of Road Fatalities and Accidents dur to Rapid Urbanisation and Increasing Vehicle Numbers
- Growth in Demand for Region Wide Surveillance for Tracking Criminal Activities or Associated Actions
- Employment of the Drones for Aerial Survey and Real-Time Tracking
- Rise in smart City Projects in Developing Countries
- Lack of Standardized and Uniform Technologies for Road and Traffic Management
- High Costs involved in Infrastructure
- Rising concerns Regarding Protection and Privacy of Personal Information
- Skilled Personnel Requirement for Operation
Key Target AudienceRoad Safety Systems Provider, Components Manufacturer, Government Bodies, Research Institutes, End-User Industry and Others
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Frequently Asked Questions (FAQ):
1. At what growth rate would the Road Safety Systems market expands?
The Global Road Safety Systems market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Road Safety Systems market?
The prominent players of Global Road Safety Systems market are Jenoptik (Germany), Kapsch TrafficCom (Austria), Sensys Gatso Group (Sweden), Redflex Holdings (Australia), Verra Mobility (United States), IDEMIA (France), FLIR Systems (United States), Motorola Solutions (United States), SWARCO (Austria) and Information Engineering Group Inc. (Canada), to name a few.
3. What are the top priorities to focus for Road Safety Systems marketís growth?
In this highly competitive & fast evolving Road Safety Systems industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.