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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.
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).
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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:
The enforcement solution is further segmented as follows:
Services can be divided into professional services and managed services.
Professional services are further divided into the following:
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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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.
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:
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.
Key Questions Answered in the Global Road Safety Market Report:
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
2.5 Market Models
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
188.8.131.52 Enforcement Solution
184.108.40.206.1 Red Light Enforcement
220.127.116.11.2 Speed Enforcement
18.104.22.168.3 Bus Lane Enforcement
22.214.171.124.4 Section Enforcement
126.96.36.199 Automatic License Plate Recognition/Automatic Number Plate Recognition
188.8.131.52 Incident Detection and Response
184.108.40.206 Professional Services
220.127.116.11.1 Consulting and Training
18.104.22.168.2 System Integration and Deployment
22.214.171.124.3 Support and Maintenance
126.96.36.199 Managed Services
6.3 Global Road Safety Market Breakup by Components: Historical Market (2016-2020) & Forecast (2021-2026)
188.8.131.52 Enforcement Solution
184.108.40.206.1 Red Light Enforcement
220.127.116.11.2 Speed Enforcement
18.104.22.168.3 Bus Lane Enforcement
22.214.171.124.4 Section Enforcement
126.96.36.199 Automatic License Plate Recognition/Automatic Number Plate Recognition
188.8.131.52 Incident Detection and Response
184.108.40.206 Professional Services
220.127.116.11.1 Consulting and Training
18.104.22.168.2 System Integration and Deployment
22.214.171.124.3 Support and Maintenance
126.96.36.199 Managed Services
6.4 Global Road Safety Market by Region
6.4.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.5 Global Road Safety Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
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
10 Events and Developments
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