Road safety contains products and services that are being announced in market to safeguard and decrease the risk of accidents, manage the traffic discipline, control and curb wayward vehicle movement and confirm safe travel of commuters. The components of traffic safety comprise median barrier, crash cushions, guardrail, and end treatments; truck escape ramps and breakaway assists for signs and light standards.
According to the report analysis, ‘Global Road Safety Market Status (2015-2019) and
Forecast (2020-2024) by Region, Product Type & End-Use’ states
that Jenoptik AG,, Kapsch TrafficCom AG, Sensys Gatso Group AB., Redflex
Holdings Limited, 3M, FLIR Systems, Inc., Motorola Solutions, Swarco AG, American
Traffic Solutions, Information Engineering Group, Inc and many more are the
foremost entities which presently operating in the global road safety market
more proficiently over the near future for keep maintaining the governing
position, ruling around the globe, obtaining the competitive edge, leading the
highest market growth, registering the great value of market share and
generating the high percentage of revenue by employing the young and active
personnel, establishing the countless research and development programs,
delivering the better customer satisfaction, spreading the awareness connected
to the benefits and features of road safety, increasing the applications and
advantages of road safety, analysing the strategies and policies of government
as well as similar entities, decreasing the associated prices of such, and
implementing the policies profit making and strategies of expansion.
On the basis of types, the global road safety market is classified
into red light enforcement, speed enforcement, incident detection system, bus
lane compliance and several others. On the basis of applications, the global
road safety market is categorized into bridges, highways, tunnels, urban roads
and several others.
Throughout the COVID-19 pandemic, road fatalities observed a sharp
decline. However, in the second quarter of 2020, traffic volume observed an increase
with ease in lockdown restrictions. This period observed an increment in road
fatalities caused majorly by drivers engaging in risky behavior by violating
speed restricts, failing to wear seat belts, and being under alcohol influence.
Therefore, traffic management and safety authorities around the globe kicked
off a program to mitigate such incidences by underwriting in new road safety
solutions. Therefore, in the near years, it is predicted that the market of
road safety will augment more actively over the coming future.
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