Major factors driving the road safety market include rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety.
Managed services are considered important, as they are directly related to customer experience. These services help companies remain competitive. Managed services are provided by vendors across the entire life cycle of the road safety market. These services start from procurement of resources to deployment of the latest solutions on the roads.
Rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety are some of the major drivers of this market.
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The road safety solutions include enforcement solution; incident detection and response; ALPR/ANPR, and others (railroad crossing safety, school bus stop-arm enforcement, and back-office systems). The enforcement solution segment has been further divided into red light enforcement, speed enforcement, bus lane enforcement, and section enforcement.
Speed enforcement includes the use of cameras, parabolic radars using radio waves, and other technologies, including LiDAR, and number plate recognition. LiDAR-based systems are more suitable for detecting speed violations in congested traffic conditions.