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Road Safety Market

Global Road Safety Market Size, Share, Report, Forecast: By Components: Solutions, Services; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Road Safety Market Outlook

The global road safety market attained a value of about USD 3.63 billion in 2023. The road safety market is further expected to grow in the forecast period of 2024-2032 at a CAGR of nearly 9% to reach a value of around USD 7.88 billion by 2032. 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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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).

 

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 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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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    Opportunities and Challenges in the Market
8    Global Road Safety Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Road Safety Historical Market (2018-2023) 
    8.3    Global Road Safety Market Forecast (2024-2032)
    8.4    Global Road Safety Market by Component
        8.4.1    Solutions
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
            8.4.1.3    Breakup by Type
                8.4.1.3.1    Enforcement Solutions
                    8.4.1.3.1.1     Historical Trend (2018-2023)
                    8.4.1.3.1.2     Forecast Trend (2024-2032)
                8.4.1.3.2    Automatic License Plate Recognition/Automatic Number Plate Recognition
                    8.4.1.3.2.1    Historical Trend (2018-2023)
                    8.4.1.3.2.2    Forecast Trend (2024-2032)
                8.4.1.3.3    Incident Detection & Response
                    8.4.1.3.3.1    Historical Trend (2018-2023)
                    8.4.1.3.3.2    Forecast Trend (2024-2032)
                8.4.1.3.4    Others
        8.4.2    Services
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
            8.4.2.3    Breakup by Type
                8.4.2.3.1    Professional Services
                    8.4.2.3.1.1     Historical Trend (2018-2023)
                    8.4.2.3.1.2     Forecast Trend (2024-2032)
                8.4.2.3.2    Managed Services
                    8.4.2.3.2.1    Historical Trend (2018-2023)
                    8.4.2.3.2.2    Forecast Trend (2024-2032) 
    8.5    Global Road Safety Market by Region
        8.5.1    North America
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Europe
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Asia Pacific
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Latin America
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Middle East and Africa
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
9    North America Road Safety Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Road Safety Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Road Safety Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Road Safety Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Road Safety Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Jenoptik AG
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Kapsch TrafficCom AG
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Sensys Gatso Group AB
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Verra Mobility Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Teledyne FLIR LLC
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Motorola Solutions, Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Road Safety Market: Key Industry Highlights, 2018 and 2032
2.    Global Road Safety Historical Market: Breakup by Component (USD Billion), 2018-2023
3.    Global Road Safety Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.    Global Road Safety Historical Market: Breakup by Region (USD Billion), 2018-2023
5.    Global Road Safety Market Forecast: Breakup by Region (USD Billion), 2024-2032
6.    North America Road Safety Historical Market: Breakup by Country (USD Billion), 2018-2023
7.    North America Road Safety Market Forecast: Breakup by Country (USD Billion), 2024-2032
8.    Europe Road Safety Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    Europe Road Safety Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Asia Pacific Road Safety Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Asia Pacific Road Safety Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Latin America Road Safety Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Latin America Road Safety Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Middle East and Africa Road Safety Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Middle East and Africa Road Safety Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Global Road Safety Market Structure

Key Questions Answered in the Report

In 2023, the global road safety market attained a value of nearly USD 3.63 billion.

The market is projected to grow at a CAGR of 9% between 2023 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 7.88 billion by 2032.

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 various governments to prevent road accidents.

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

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

Solutions and services are the major components in the global road safety market.

The major players in the market are Jenoptik AG, Kapsch TrafficCom AG, Sensys Gatso Group AB, Verra Mobility Corporation, Teledyne FLIR LLC, and Motorola Solutions, Inc., among others.

Analyst Review

The global road safety market attained a value of USD 3.63 billion in 2023, 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 2024-2032, growing at a CAGR of 9%. The market is projected to reach USD 7.88 billion by 2032.

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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