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This “Road safety market size, sharing and trend analysis report, market forecast by solution (red light and speed enforcement, ANPR/ALPR), service (professional, management), region and segment, 2021-2028” Report has been added to ResearchAndMarkets.com provide.
By 2028, the global road safety market is expected to reach 6.66 billion U.S. dollars, with a compound annual growth rate of 12.4% from 2021 to 2028. The World Health Organization estimates that more than 1.3 million people die in road traffic accidents each year. This statistic is sufficient to show that road safety is of the utmost importance to everyone. As countries focus on reducing accidents, the deployment of road safety solutions, including surveillance or continuous vehicle monitoring systems, has become more prominent.
For many years, alcohol and speeding have been the main causes of death in road accidents, which makes road safety systems mandatory in most countries. Providing a safer environment for pedestrians and cyclists will also create a safe road environment for the population and create a way for future growth. In order to keep up with market demand, the supplier’s goal is to develop technologically advanced products that extend their service life and are less susceptible to damage. Smart displays, high-resolution cameras and can monitor…
The full story on Benzinga.com
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