Global Road Safety Market is expected to grow with the CAGR of 10.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global road safety market is a fragmented market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global road safety market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

• In February, Motorola Solutions, Inc. announced the launch of Video-as-a-Service offering. The new offering combined body-worn cameras, cloud-based support and digital evidence management software in a bundle for law enforcement agencies. The body-worn camera as-a-service package is a combination of V300 body-worn camera, mounting device, spare battery and access to digital evidence management. The new product increased the product portfolio of the company.

Dahua Technology Co. Ltd. is the dominating player in global road safety market. The other key players existing in the market includes JENOPTIK AG, Sensys Gatso Group AB, SWARCO, INFORMATION ENGINEERING GROUP INC., Syntell (Pty) Ltd (A subsidiary of Hosken Consolidated Investments), Kapsch TrafficCom AG, Redflex Holdings, FLIR Systems, Inc., Cubic Corporation, VITRONIC Dr.-Ing. Stein Bildverarbeitungssysteme GmbH, Truvelo Ltd, Optotraffic, LLC, Laser Technology, Inc., Motorola Solutions, Inc., Verra Mobility, Siemens, Clearview Intelligence Ltd, Conduent, Inc., Tattile S.r.l., Traffic Logix among others.

Dahua Technology CO. Ltd.

Dahua Technology Co. Ltd. is headquartered in Hangzhou, China which was established in 2008. The company is engaged in providing end to end security solutions, services for city operations, consumers and corporate management. The product categories of the company include government transportation, building, retail, banking & finance, critical infrastructure and warehousing & logistics out of which transportation segment is market focused category.

• In January, Dahua Technology Co., Ltd announced the launch of WizSense/WizMind series. The WizMind series provided with AI-powered smart solutions to various industry verticals such as traffic management, judiciary, rail transit, building, retail, energy, safe city and others. The new product increased the product portfolio of the company.

The company has presence in Americas, Europe, Asia, Middle East and Africa . In addition to it, the company also generates its revenue from the various subsidiary companies such as Extech Instruments (U.S.), Altavian Inc., (U.S.), Dvtel Inc., (U.S.), PureTech Systems Inc. (U.S.) and among others.

Swarco

Swarco is headquartered in Wattens, Austria and it was established in year 1969. The company is engaged in providing products, solutions, systems and services for offering safe and convenient travelling. Some of the product category include Detection & sensor, electrical signs, traffic light controllers, traffic signals & accessories and the market focused category is detection and sensor, electrical signs, traffic signals & accessories.

• In December, SWARCO provided contactless traffic light systems to be installed and tested in Dachau. The push button in the traffic light operated with radar technology and could work with a distance of 20 centimeters. This has helped in containing the spread of corona virus thus increasing the sales of the company.

The company has global presence in Europe In addition to it, the company also generates its revenue from the various subsidiary companies such as Swarco (Germany) and Swarco (Italy).

Conduent Inc.

Conduent Inc. is headquartered in New Jersey, the U.S. and which was founded in 2016. Extech Instruments (U.S.), Altavian, Inc. (U.S.), DVTEL, INC. (U.S.), PureTech Systems Inc (U.S.), Point Grey Research Inc. (U.S.) among others Some of the solutions categories include healthcare solutions, customer experience management, transportations solution out of which transportation solutions is the market focused solutions category.

• In November, Conduent, Inc. joined hands with City of Memphis for implementing new Speed Safety Program. The new program encouraged motorists to slow down in school zones in order to avoid any accident due to speeding. The new agreement increased the customer base of the company.

The company has global presence in North America and Europe. In addition, company also generates revenue through the subsidiary such as Stratacare Inc. (U.S.), Conduent Education Services (U.S.), Health Solutions Plus Inc. (U.S.), Affiliated Computer Services Solutions France SAS (France) and among others.