The Latin America, Middle East and Africa Road Safety Market size is expected to grow at a market growth of 13.3% CAGR during the forecast period. Road safety involves products and services introduced to prevent or in the least cases reduce risk of accidents, maintain traffic discipline, control and curb wayward vehicular movement and ensure safety of commuters. Rapid urbanization, growth in mobility and need for transportation systems, stringent government regulations pertaining to road safety and growing road accidents are the factors driving the growth of the market. On the other hand, insufficient government funding, challenges in the implementation of advanced road safety infrastructure, overly growing number of vehicles would limit the growth of the road safety market.
Based on Component, the market is segmented into Solution and Services. Solution type is further segmented into Enforcement Solution, Automatic License Plate Recognition/Automatic Number Plate Recognition, Incident Detection & Response and Others. Enforcement Solution Market includes Red Light Enforcement, Speed Enforcement, and Bus Lane & Section Enforcement. Service Type is further segmented into Professional Services and Managed Services. Based on Countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the Latin America, Middle East and Africa Road Safety Market. Key companies profiled in the report include Thales Group S.A., IDEMIA, Flir Systems, Inc., Zhejiang Dahua Technology Co. Ltd., Jenoptik, Cubic Corporation, Sensys Gatso Group, Redflex Holdings, Traffic Management Technologies and Clearview Intelligence.
Our reports have been used by over 10K customers, including:
Growing need for personal mobility in the wake of rising urbanization and fall in car ownership are expected to fuel the demand for ride sharing The ride sharing market is estimated to be USD 61.3 billion in 2018 and is projected to reach USD 218.0 billion by 2025, at a CAGR of 19.87%. The growing need for personal mobility in the wake...
The road marking materials market is projected to register a CAGR of 5.2% between 2018 and 2023. The road marking materials market size is projected to grow from USD 6.8 billion in 2018 to USD 8.8 billion by 2023, at a CAGR of 5.2%. Road markings are aids to control traffic by providing information to commuters. These are...
ASFINAG - Strategy, SWOT and Corporate Finance Report Summary ASFINAG - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings and corporate actions,...
Thrown under the bus: Government subsidies have not kept up with inflation, reducing revenue Abstract Interurban and Rural Bus Transport in Australia Firms in the Interurban and Rural Bus Transport industry primarily operate buses that transport passengers over regular routes and on regular schedules,...
The Global Road Safety Market size is expected to reach $4.5 billion by 2024, rising at a market growth of 12.1% CAGR during the forecast period. Road safety involves products and services introduced to prevent or in the least cases reduce risk of accidents, maintain traffic discipline, control and curb wayward vehicular movement and ensure...
Factors such as high demographic growth and hyper-urbanization in the developing countries and the government initiatives for traffic management under smart cities models are some of the factors driving the traffic management market The traffic management market is expected to grow from USD 26.7 billion in 2018 to USD 50.7...
Collision Avoidance Sensors Market Analysis Report By Application (Parking Assistance, Forward Collision Warning System), By Technology (Radar, Camera, Ultrasound), And Segment Forecasts, 2018 - 2025 The global collision avoidance sensors market size is expected to reach USD 18.97 billion by 2025, according to a new study conducted...
The electronic toll collection (ETC) market estimated to grow at a CAGR of 8.54% from 2018 to 2023 The overall ETC market is estimated to grow from USD 7.1 billion in 2018 to USD 10.7 billion by 2023, at a CAGR of 8.54%. An effective solution to overcome traffic congestion with improved traffic flow per lane, increased...
The Europe Road Safety Market size is expected to grow at a market growth of 11.7% CAGR during the forecast period. The incident detection and response solutions help in detecting obstacles, such as stopped vehicles, traffic slowdown, traffic congestion, wrong way vehicle entry, pedestrian movements on the road, loss of visibility in the roads,...
The Asia Pacific Road Safety Market size is expected to grow at a market growth of 13.5% CAGR during the forecast period. Enforcement solutions comprise of hardware (sensors, camera, displays, and radars) and software, which are vital for maintaining and enforcing road safety. Road safety enforcement solutions are used in regulating traffic...
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.