Key Market Indicators
Macedonia is projected to see a decrease in road casualties. According to estimates, by 2026, the number of people involved in road accidents is expected to drop to about 5,800 from 6,000 in 2021. This would represent a decrease of 0.4% year-on-year on average. Since 2015, the demand for road accident victims in Macedonia has been falling by 0.5% year-on-year. In 2021, the country was ranked 26th, with Slovakia coming in ahead at 6,000. Germany, Italy and Russia, respectively, took the second, third and fourth places in the ranking.
Macedonia Road Safety Market Data and Forecasts
How much will Macedonia Road Safety Market grow to 2026?More in Road Safety Industry for 2027
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In the vehicle manufacturing industry, the increasing demand for advanced safety features has instigated a surge in technological innovation. New technologies such as Automatic Emergency Braking (AEB), Lane Departure Warning, and Telematics have been developed to reduce traffic accidents and increase occupant safety. The integration of such technologies in modern...Read more
The road safety sector is witnessing several significant breakthroughs. Breakthroughs include the use of artificial intelligence and machine learning in traffic management, the rise of autonomous vehicles, and increased use of telematics for real-time monitoring. These advancements are aimed at improving safety metrics, reducing traffic congestion, and enhancing overall operational...Read more
In recent years, the Traffic Signal sector has been characterized by growing stringency in traffic regulations and an increased focus on safety measures. This has led to the development and implementation of more advanced traffic signals and sensors. Additionally, technological advancements have triggered trends such as the integration of AI...Read more