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According to a new report North America Road Safety Market, published by KBV research, the North America Road Safety Market Size would witness market growth of 11.2% CAGR during the forecast period (2018-2024).
The US market dominated the North America Road Safety Solution Market by Country in 2017, growing at a CAGR of 9.6 % during the forecast period. The Canada market is expected to witness a CAGR of 12.9% during (2018-2024). Additionally, The Mexico market is expected to witness a CAGR of 11.9% during (2018-2024).
The Enforcement Solution market dominated the Mexico Road Safety Market by Solution Type in 2017, and would continue to be a dominant market till 2024. The Incident Detection & Response and Others market is expected to witness a CAGR of 13% during (2018-2024). Additionally, The Automatic License Plate Recognition/Automatic Number Plate Recognition market is expected to witness a CAGR of 12.3% during (2018-2024).
The Red Light Enforcement market dominated the Canada Enforcement Solution Market by Type in 2017, thereby, achieving a market value of $41.7 million by 2024. The Bus Lane & Section Enforcement market is expected to witness a CAGR of 13.8% 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 North America 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.