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According to a new report published by KBV research, 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.
The North America market dominated the Global Road Safety Solution Market by Region in 2017, growing at a CAGR of 10.4 % during the forecast period. The Europe market is expected to witness a CAGR of 10.8% during (2018 - 2024). Additionally, The Asia Pacific market is expected to witness a CAGR of 12.6% during (2018 - 2024).
The Enforcement Solution market dominated the Global Road Safety Market by Solution Type in 2017. The Incident Detection & Response and Others market is expected to witness a CAGR of 12.3% during (2018 - 2024). The Automatic License Plate Recognition/Automatic Number Plate Recognition market is expected to witness a CAGR of 11.6% during (2018 - 2024).
The Red Light Enforcement market dominated the Global Enforcement Solution Market by Type in 2017. The Bus Lane & Section Enforcement market is expected to witness a CAGR of 12.1% during (2018 - 2024).
Full Report: https://www.kbvresearch.com/road-safety-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global 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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