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Global Road Safety Market: By Components: Solutions, Services; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; SWOT Analysis; Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; 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 2023-2028 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.
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Market Segmentation
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).
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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.
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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 AG
- Sensys Gatso Group AB
- Verra Mobility Corporation
- Teledyne FLIR LLC
- Motorola Solutions, Inc.
- 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Region |
| Breakup by Component | Solutions, Services |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Jenoptik AG, Kapsch TrafficCom AG, Sensys Gatso Group AB, Verra Mobility Corporation, Teledyne FLIR LLC, Motorola Solutions, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Road Safety Market Analysis
8.1 Key Industry Highlights
8.2 Global Road Safety Historical Market (2018-2022)
8.3 Global Road Safety Market Forecast (2023-2028)
8.4 Global Road Safety Market by Component
8.4.1 Solutions
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Enforcement Solutions
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2018-2022)
8.4.1.4.1.3 Forecast Trend (2023-2028)
8.4.1.4.2 Automatic License Plate Recognition/Automatic Number Plate Recognition
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2018-2022)
8.4.1.4.2.3 Forecast Trend (2023-2028)
8.4.1.4.3 Incident Detection & Response
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2018-2022)
8.4.1.4.3.3 Forecast Trend (2023-2028)
8.4.1.4.4 Others
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Type
8.4.2.4.1 Professional Services
8.4.2.4.1.1 Market Share
8.4.2.4.1.2 Historical Trend (2018-2022)
8.4.2.4.1.3 Forecast Trend (2023-2028)
8.4.2.4.2 Managed Services
8.4.2.4.2.1 Market Share
8.4.2.4.2.2 Historical Trend (2018-2022)
8.4.2.4.2.3 Forecast Trend (2023-2028)
8.5 Global Road Safety Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Jenoptik AG
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Kapsch TrafficCom AG
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Sensys Gatso Group AB
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Verra Mobility Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Teledyne FLIR LLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Motorola Solutions, Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Road Safety Market: Key Industry Highlights, 2018 and 2028
2. Global Road Safety Historical Market: Breakup by Component (USD Billion), 2018-2022
3. Global Road Safety Market Forecast: Breakup by Component (USD Billion), 2023-2028
4. Global Road Safety Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Road Safety Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Road Safety Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Road Safety Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Road Safety Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Road Safety Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Road Safety Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Road Safety Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Road Safety Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Road Safety Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Road Safety Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Road Safety Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Global Road Safety Market Structure
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 2023-2028 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 AG, Sensys Gatso Group AB, Verra Mobility Corporation, Teledyne FLIR LLC, Motorola Solutions, Inc., 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 2023-2028, 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 AG, Sensys Gatso Group AB, Verra Mobility Corporation, Teledyne FLIR LLC, and Motorola Solutions, Inc., 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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