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Global Road Safety Market: By Components: Solutions, Services; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Road Safety Market Outlook

The global road safety market attained a value of about USD 2.8 billion in 2020. The road safety market is further expected to grow in the forecast period of 2021-2026 at a CAGR of nearly 9% to reach a value of around USD 4.7 billion by 2026. The road safety market is primarily being driven by the rising number of road accidents resulting in an increasing demand for road safety measures.

 

Road Safety Market

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Properties and Applications

Road safety is the set of strategies and measures that avoid death or serious injury to commuters using the road. Typical commuters who use the road are pedestrians, cyclists, car drivers, and public road passengers (mainly buses).

 

Road Safety Market by Components

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Based on the components, the road safety market can be divided into solutions and services.

Solutions can be further divided into:

  • Enforcement Solution
  • Automatic License Plate Recognition/Automatic Number Plate Recognition
  • Incident Detection and Response
  • Others

The enforcement solution is further segmented as follows:

  • Red Light Enforcement
  • Speed Enforcement
  • Bus Lane Enforcement
  • Section Enforcement

Services can be divided into professional services and managed services.

Professional services are further divided into the following:

  • Consulting and Training
  • System Integration and Deployment
  • Support and Maintenance

The EMR report looks into the regional road safety markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Road Safety Market by Region

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Market Analysis

Factors like increased mobility, increased vehicle adoption, and rising traffic are expected to increase the demand for road safety. The construction of safer roads, improving facilities to protect pedestrians and cyclists, and implementing safer riding initiatives would minimize road injury and contribute to the health among the public. Therefore, the leading global players are increasingly concentrating on the production of goods that provide road safety and incorporate systems into different technologies to enhance performance at a lower cost, thus, propelling the growth of the road safety market.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global road safety market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Jenoptik AG
  • Kapsch Trafficcom
  • Sensys Gatso Group AB
  • Redflex Holdings 
  • Verra Mobility
  • FLIR Systems, Inc   
  • Motorola Solutions (NYSE:MSI)
  • Others

The EMR report gives an in-depth insight into the road safety market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Road Safety Market Analysis
    6.1    Global Road Safety Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Global Road Safety Market Breakup by Components
        6.2.1    Solutions
            6.2.1.1    Enforcement Solution
                6.2.1.1.1    Red Light Enforcement
                6.2.1.1.2    Speed Enforcement
                6.2.1.1.3    Bus Lane Enforcement
                6.2.1.1.4    Section Enforcement
            6.2.1.2    Automatic License Plate Recognition/Automatic Number Plate Recognition
            6.2.1.3    Incident Detection and Response
            6.2.1.4    Others
        6.2.2    Services
                6.2.2.1    Professional Services
                6.2.2.1.1    Consulting and Training
                6.2.2.1.2    System Integration and Deployment
                6.2.2.1.3    Support and Maintenance
            6.2.2.2    Managed Services
    6.3    Global Road Safety Market Breakup by Components: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Solutions
            6.3.1.1    Enforcement Solution
                6.3.1.1.1    Red Light Enforcement
                6.3.1.1.2    Speed Enforcement
                6.3.1.1.3    Bus Lane Enforcement
                6.3.1.1.4    Section Enforcement
            6.3.1.2    Automatic License Plate Recognition/Automatic Number Plate Recognition
            6.3.1.3    Incident Detection and Response
            6.3.1.4    Others
        6.3.2    Services
            6.3.2.1    Professional Services
                6.3.2.1.1    Consulting and Training
                6.3.2.1.2    System Integration and Deployment
                6.3.2.1.3    Support and Maintenance
            6.3.2.2    Managed Services
    6.4    Global Road Safety Market by Region
        6.4.1    North America
            6.4.1.1    United States of America
            6.4.1.2    Canada
        6.4.2    Europe
            6.4.2.1    Germany
            6.4.2.2    United Kingdom
            6.4.2.3    France
            6.4.2.4    Italy
            6.4.2.5    Others
        6.4.3    Asia Pacific
            6.4.3.1    China
            6.4.3.2    Japan
            6.4.3.3    India
            6.4.3.4    ASEAN
            6.4.3.5    Others
        6.4.4    Latin America
            6.4.4.1    Brazil
            6.4.4.2    Argentina
            6.4.4.3    Mexico
            6.4.4.4    Others
        6.4.5    Middle East & Africa
            6.4.5.1    Saudi Arabia
            6.4.5.2    United Arab Emirates
            6.4.5.3    Nigeria
            6.4.5.4    South Africa
            6.4.5.5    Others
    6.5    Global Road Safety Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    North America
            6.5.1.1    United States of America
            6.5.1.2    Canada
        6.5.2    Europe
            6.5.2.1    Germany
            6.5.2.2    United Kingdom
            6.5.2.3    France
            6.5.2.4    Italy
            6.5.2.5    Others
        6.5.3    Asia Pacific
            6.5.3.1    China
            6.5.3.2    Japan
            6.5.3.3    India
            6.5.3.4    ASEAN
            6.5.3.5    Others
        6.5.4    Latin America
            6.5.4.1    Brazil
            6.5.4.2    Argentina
            6.5.4.3    Mexico
            6.5.4.4    Others
        6.5.5    Middle East & Africa
            6.5.5.1    Saudi Arabia
            6.5.5.2    United Arab Emirates
            6.5.5.3    Nigeria
            6.5.5.4    South Africa
            6.5.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    Competitive Landscape & Supplier Analysis
    9.1    Jenoptik AG
        9.1.1    Company Overview
        9.1.2    Financial Analysis
    9.2    Kapsch Trafficcom
        9.2.1    Company Overview
        9.2.2    Financial Analysis
    9.3    Sensys Gatso Group AB
        9.3.1    Company Overview
        9.3.2    Financial Analysis
    9.4    Redflex Holdings [RDF (ASX)]
        9.4.1    Company Overview
        9.4.2    Financial Analysis
    9.5    Verra Mobility
        9.5.1    Company Overview
        9.5.2    Financial Analysis
    9.6    FLIR Systems, Inc    
        9.6.1    Company Overview
        9.6.2    Financial Analysis
    9.7    Motorola Solutions (NYSE:MSI)
        9.7.1    Company Overview
        9.7.2    Financial Analysis
    9.8    Others
10    Industry Events and Developments

Key Questions Answered in the Report

In 2020, the global road safety market attained a value of nearly USD 2.8 billion.

The market is projected to grow at a CAGR of 9% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 4.7 billion by 2026.

The major drivers of the market include the rising number of road accidents, increasing public awareness about road safety, and the implementation of stringent regulations by the government to prevent road accidents.

The key market trends guiding the growth of the industry include the development of safer roads, growing technological advancements, and improving facilities to protect pedestrians.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Solutions and services are the major components of the product.

The major players in the industry are Jenoptik AG, Kapsch, Trafficcom, Sensys Gatso Group AB, Redflex Holdings, Verra Mobility, FLIR Systems, Inc, and Motorola Solutions, among others.

Analyst Review

The global road safety market attained a value of USD 2.8 billion in 2020, driven by the increasing awareness regarding road safety, favourable government initiatives, and rising vehicle congestion. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 9%. The market is projected to reach USD 4.7 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the market is broadly categorised into solutions and services. The solutions segment is further divided into enforcement solution, automatic license plate recognition/automatic number plate recognition, and incident detection and response, among others, where the enforcement solution vertical of the solutions segment is sub-divided into red light enforcement, speed enforcement, bus lane enforcement, and section enforcement. Meanwhile, the services segment is divided into professional services and managed services, where the professional services segment is sub-divided into consulting and training, system integration and deployment, and support and maintenance. The major regional markets for road safety are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Jenoptik AG, Kapsch, Trafficcom, Sensys Gatso Group AB, Redflex Holdings, Verra Mobility, FLIR Systems, Inc, and Motorola Solutions, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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