Authored By: Sarah
08 Oct 2021

Road Safety Market: Key Drivers and Segmentation

Growth Drivers and Market Forecast for 2021-2025

The Road Safety Market is projected to post an incremental growth of $ 1.46 bn, at a CAGR of 8.25% till 2025. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.


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Road Safety Market: What are the factors that will drive market growth?

^A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is Rising urban population, high demographic rates, and rapid motorization. For more insights on the impact of this and all the other drivers, request for our FREE sample report:

Top Drivers for Road Safety Market Size to Grow by $ 1.46 bn During 2021-2025

Road Safety Market: Growth Segments

This report provides a detailed analysis of the market by Geography (North America, Europe, APAC, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Request our Free Sample Report 

Road Safety Market: Vendor Landscape

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  Bildverarbeitungssysteme GmbH, Cisco Systems Inc., Ernst & Young Global Ltd., IDEMIA, Jenoptik AG, Kapsch TrafficCom AG, SWARCO AG, Tata Consultancy Services Ltd., Teledyne FLIR LLC, and Verizon Communications Inc. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 8.25%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 1.46 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising urban population, high demographic rates, and rapid motorization will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    32% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are Bildverarbeitungssysteme GmbH, Cisco Systems Inc., Ernst & Young Global Ltd., IDEMIA, Jenoptik AG, Kapsch TrafficCom AG, SWARCO AG, Tata Consultancy Services Ltd., Teledyne FLIR LLC, and Verizon Communications Inc.
     
  7. What are the market segments covered in this report?
    The market is segmented by Geography (North America, Europe, APAC, MEA, and South America)
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