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According to a new report Asia Pacific Road Safety Market, published by KBV research, the Asia Pacific Road Safety Market Size would witness market growth of 13.5% CAGR during the forecast period (2018 - 2024).
The China market dominated the Asia Pacific Road Safety Solution Market by Country in 2017. The Singapore market is expected to witness a CAGR of 14.1% during (2018 - 2024). Additionally, The India market is expected to witness a CAGR of 14.4% during (2018 - 2024).
The Enforcement Solution market dominated the Singapore Road Safety Market by Solution Type in 2017, thereby, achieving a market value of $29.2 million by 2024. The Incident Detection & Response and Others market is expected to witness a CAGR of 15.2% during (2018 - 2024). Additionally, The Automatic License Plate Recognition/Automatic Number Plate Recognition market is expected to witness a CAGR of 14.5% during (2018 - 2024).
The Red Light Enforcement market dominated the Malaysia Enforcement Solution Market by Type in 2017. The Bus Lane & Section Enforcement market is expected to witness a CAGR of 15.7% during (2018 - 2024).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key impacting factors of the Asia Pacific Road Safety Market have been discussed in the report with the elaborated company profiles of 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.
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