TMCNet:  MarketsandMarkets: Road Safety Market Projected to $5.73 Billion by 2019

[November 06, 2014]

MarketsandMarkets: Road Safety Market Projected to $5.73 Billion by 2019

(M2 PressWIRE Via Acquire Media NewsEdge) According to a new market research report report "Road Safety Market by Types (Highways and Bridges Safety, Urban Roads Safety and Tunnels Safety) & Systems (Red Light Enforcement, Speed Limit Enforcement, Bus Lane Enforcement, Communication, Incident Detection) - Worldwide Market Forecast (2014-2019)", by MarketsandMarkets, defines and segments the global highways and bridges, urban roads and tunnels safety market into various sub-segments with in-depth analysis and forecasting of revenues. The report also identifies drivers and restraints for this market with insights into latest trends, opportunities, and challenges.

Browse 60 market data Tables and 16 Figures spread through 148 Pages and in-depth TOC on "Road Safety Market - Worldwide Market Forecast (2014-2019)".

http://www.marketsandmarkets.com/Market-Reports/road-safety-market-93636585.html Early buyers will receive 10% customization on reports Request of Sample This Report @ http://www.marketsandmarkets.com/requestsample.asp?id=93636585 Major driving factors responsible for the growth of the market are the constant need for road safety and public security, new infrastructural development, and traffic congestion and longer commuting. The significant rise in this market is due to development of critical transportation infrastructural facilities, new transportation-related projects across the globe. The increasing threats, catastrophic accidents/fatalities, and natural/unnatural disasters have also been the influencing factors for the market growth.

Some of the systems which are gaining traction and investment from various vendors are red light enforcement system, speed limit enforcement system, bus lane enforcement system, communication system, access control system/vehicle detection system, incident detection system and other systems. The key players for the market are Alcatel Lucent, Siemens AG, Kapsch AG, Saab, Flir Systems, Huawei, Thales and Tyco who are reinforcing their business operations into the emerging markets and offer various systems embedded with various devices and technologies to reduce the overall cost and enhance the efficiency. Also, these vendors have uniquely positioned themselves in the market with propagation of new product developments and lucrative partnerships and acquisitions.

MarketsandMarkets has broadly segmented the market by Types: highways and bridges, urban roads and tunnels; by Systems: red light enforcement system, speed limit enforcement system, bus lane enforcement system, communication system, access control system/vehicle detection system, incident detection system and other systems; by Devices and Technologies: Surveillance and Analytics, radar based, sensor based and others; by Services: consulting and system integration, managed services, training, support and maintenance and risk assessment and analysis; by Regions: North America (NA), Europe (EU), Latin America (LA), Asia- Pacific (APAC), and Middle East and Africa (MEA).

The road safety market is expected to grow from $3.37 billion in 2014 to $5.73 billion in 2019, at a Compound Annual Growth Rate (CAGR) of 11.2% from 2014 to 2019. In terms of regions, North America (NA) is expected to be the biggest contributor in terms of revenue contribution while the growing markets such as Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA), are expected to experience increased market traction with high CAGR's, during the forecast period.

Speak to Analyst:http://www.marketsandmarkets.com/speaktoanalyst.asp?id=93636585 About MarketsandMarkets MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

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Contact: Mr. Rohan North - Dominion Plaza, 17304,Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email: [email protected] CONTACT: Mr. Rohan Tel: +1-888-600-6441 Email: [email protected] .

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