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Road Safety Market Growth, Forecast, Overview and Key Companies Analysis by 2028
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Road Safety Market Growth, Forecast, Overview and Key Companies Analysis by 2028
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mandmMay 18, 2021 6
Road Safety Market by Solution (Red Light, Speed, Bus Lane, Section Enforcement, ALPR/ANPR), Service (Consulting and Training, System Integration and Deployment, and Support and Maintenance), and Region – Global Forecast to 2025
The global road safety market size is projected to grow from USD 3.0 billion in 2020 to USD 4.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period. Rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety are projected to drive the growth of the market across the globe. However, lack of standardization and uniformity in road safety solutions is expected to restrict the growth of the market across the globe. The objective of the report is to define, describe, and forecast the road safety market size based on component, solutions, and region.
Secondary Research, Primary Research, Company Share Analysis, Model ( including Macro-monetary pointers, Demographic information, and Industry pointers: Expenditure, foundation, area development, and offices ), Research Limitations and Revenue Based Modeling. Organization share examination is utilized to determine the size of the worldwide market. Just as an investigation of incomes of organizations for the last three to five years likewise gives the base to determine the market size and Shares (2021-2027 ) and its development rate. also, representing the Road Safety Market Factor Analysis-
Porter’s Five Forces, Supply/Value Chain, PESTEL analysis, CAGR value, product offerings, company landscape analysis, Market Entropy, CAPEX cycle, COGS Analysis, EBITDA analysis, Patent/Trademark Analysis, and Post COVID Impact Analysis. Key Leading Players having extreme Growth Rate in last Few decades included