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The traffic safety products market size is forecast to increase by USD 1.15 billion at a CAGR of 5.85% between 2023 and 2028. The market is witnessing significant growth due to the increasing prioritization of road infrastructure development. This focus includes the implementation of advanced road safety systems, such as non-invasive measuring systems and external flash units. New technologies, including TraffiStar systems from Vitronik, are being adopted to mitigate road traffic incidents, reducing motor vehicle crashes and pedestrian fatalities, particularly on urban roads. The market is further driven by the development of traffic safety products made from eco-friendly and recycled materials. However, a lack of awareness about road safety remains a challenge, necessitating continuous education and advocacy efforts. The market is expected to continue growing as the importance of preventing road incidents becomes increasingly recognized, with a focus on saving lives and reducing injuries.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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