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.