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The road safety market size is estimated to grow by USD 1.80 billion at a CAGR of 9.45% between 2023 and 2028. The market expansion is influenced by various critical factors. Primarily, the escalating number of road accidents and fatalities serves as a significant driver. This trend is further exacerbated by the increasing urbanization, which in turn leads to traffic congestion and drives the demand for traffic safety products. Conversely, growing initiatives aimed at enhancing road safety present a promising opportunity for market growth. These initiatives may include the implementation of advanced technologies, such as intelligent transport systems and autonomous vehicles, as well as stricter regulations and public awareness campaigns. Ultimately, the delicate balance between these factors will shape the trajectory of the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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