London, 27 January 2015 – TechNavio, a tech-focused research firm, has published a new report on the Traffic Safety Market in India, which is expected to grow at a CAGR of 17.27 percent from 2014-2019.
According to the new report, growing populations and urbanization across cities have created the need for proper road network and traffic safety measures. The rise in road casualties in both urban and rural areas in India because of improper road infrastructure has prompted the government to address these issues as a priority.
“Key investments are being made by the Rural Development Authority of India in road construction in remote locations so as to improve passenger and freight traffic,” says Faisal Ghaus, Vice President of TechNavio.
The report also focuses on untapped market in tier two and tier three cities. Urban centers primarily see repair and maintenance of existing road networks, while rural areas receive newly constructed roads.
“Traffic safety equipment vendors significantly benefit from the construction of new roads, and companies in the market are focusing on continued marketing and promotional initiatives, so as to expand their network, retain their client base and ensure a stable stream of revenue,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Transportation Safety and Transportation Security Market in Europe 2014-2018
- Global Public Safety LTE Devices Market 2015-2019
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
