Road Safety Market
Global Road Safety Market : Regional Analysis
North America is considered to rule the global road safety market due to the accessibility of infrastructures that are technologically advanced . Asia Pacific is estimated to tower in the near future due to the hike in vehicles and lack of road infrastructure . Multiple governments across the world are splurging hefty amount on infrastructures such as highways , bridges , urban roads , and tunnels to overcome the elevated incidents of road crash . Additionally , the governments are rolling out modification in the implementation , enforcing , safety measures for the roadways infrastructure , and planning and strategizing of security .
Global Road Safety Market : Competitive Players
The major contenders in the global road safety market are Huawei , Flir Systems , Thales , Alcatel Lucent , Kapsch AG , Tyco , Saab , Raad Data Communication , and Siemens AG . These giants are offering real-time traffic flow systems , enforcement suites , and video surveillance solution . They also provide a system to communicate and handle traffic congestions . These systems are highly reliable and maximize road safety . Further , they are providing systems integrated with various technologies to reduce the overall cost and improve the efficiency . Development of fresh products , acquisitions , and mergers has now become a trend which has emerged some new players in the global road safety market .