It isn’t good being number one in everything. But we are turning our nation to being one of them who tops the charts in good and bad, equally. India as a signatory to the Brasilia declaration intends to reduce road accidents and traffic fatalities by 50 percent by 2022. But are we doing enough to accomplish this target? With 17 deaths every hour in the country due to road accidents, we are far from achieving these numbers. Every life matters, and hence road safety is paramount. But then it is not the sole responsibility of the government every citizen there on the road is equally responsible towards reducing the death rate by accidents.

Equal responsibility vests on the shoulders of the road safety products/solution providers.

According to a report by MarketsandMarkets, the global road safety market size will grow from $3 billion in 2019 to $4.7 billion by 2023, at a CAGR of 9.3 percent. Other than rising urban population and high demographic rates, rapid motorization, and government initiatives, the increasing number of road fatalities/ accidents is also a major cause for this push. On the other hand, the Global Intelligent Traffic Management market is expected to reach $40.22 billion by 2026, at a CAGR of 8.7 percent; thanks to the above reasons and increasing adoption of smart cities.

Looking at this burning issue and the need of the hour, we at siliconindia Magazine has curated a list of ‘10 Most Promising Road Safety Products Providers – 2019’. This carefully curated list of companies are some of the most experienced and renowned names in offering various products pertaining to road safety across the difficult terrains of India, while some of them take to themselves to even implement it so that the poor quality of the third partyvendors/contractors does not impact the overall performance of their superlative products. Read to know more about these companies.
Do let us know what you think!