- Automatic License Plate Detection
- Bus Lane Compliance
- Red Light Enforcement
- Speed Enforcement
- Incident Detection System
Road Safety Market size was valued at USD 3.24 billion in 2022 and is expected to reach USD 7.34 billion by 2029, at a CAGR of 12.4% during the forecast period 2023 to 2029. Some of the key factors favouring the market growth are new laws and regulations implemented by the government for road safety, technological advancements in road safety, rapid growth in population and vehicles on road. However, lack of awareness of road safety, insufficient government funds and rapidly growing population are hampering the market growth. This report studies global road safety market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Global road safety market is surging owing to frequent acquisitions and launchings by the market players. For instance in 2018, Jenoptik and Telco partnered with the Qatar Ministry of Interior to deliver 120 speed measurement systems. The partnership also included 6 radar-based mobile speed measurement systems to enhance speed enforcement and increase road safety in Qatar.
Global Road Safety Market Summary
Study Period
2023-29
Base Year
2022
CAGR
12.4%
Largest Market
Europe
Fastest Growing Market
North-America
Road Safety Market Dynamics
Rapid urbanization also results in the infrastructural development, especially of highways and bridges, which have a positive impact on the road safety market. Road safety is a method that assists road users from getting seriously injured or killed owing to the rising fatal accidents, threats, and natural as well as unnatural disasters.
North-America Got Significant Share
Road Safety Market Regional Analysis
North America accounted for larger revenue share in global road safety market with considerable CAGR. North America witnessed steady growth in the market owing to the presence of majority of key vendors, development of advanced technologies and infrastructure, huge number of equipment manufacturers and solution providers present in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Road Safety Market Segmentation
By Solutions
By Services
- Managed Services
- Professional Services
Frequently Asked Questions
The road safety market size was valued at USD 3.24 billion in 2022
The road safety market key players are: Verra Mobility SWARCO Siemens Sensys Gatso Group Redflex Holdings Motorola Solutions Kapsch Trafficcom Jenoptik IDEMIA FLIR Systems Cubic Corporation
The road safety market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Table of Content
- Executive Summary
- Global Road Safety Market Introduction
- Global Road Safety Market Taxonomy
- Global Road Safety Market Definitions
- Solutions
- Services
- Global Road Safety Market Dynamics
- Drivers
- Restraints
- Opportunities/Unmet Needs of the Market
- Trends
- Global Road Safety Market Dynamic Factors - Impact Analysis
- Global Road Safety Market Competition Landscape
- Global Road Safety Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%)
- Market Opportunity Analysis
- Global Road Safety Market, By Solutions, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Automatic License Plate Detection
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Bus Lane Compliance
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Red Light Enforcement
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Speed Enforcement
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Incident Detection System
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Automatic License Plate Detection
- Global Road Safety Market, By Services, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Managed Services
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Professional Services
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Managed Services
- Global Road Safety Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- North America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Europe
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Asia-Pacific
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Latin America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Middle East and Africa
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Global Road Safety Market - Opportunity Analysis Index, By Solutions, Services and Region, 2023 - 2029
- North America
- North America Road Safety Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Solutions Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Automatic License Plate Detection
- Bus Lane Compliance
- Red Light Enforcement
- Speed Enforcement
- Incident Detection System
- Services Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Managed Services
- Professional Services
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- US.
- Canada
- North America Road Safety Market - Opportunity Analysis Index, By Solutions, Services and Country, 2023 - 2029
- North America Road Safety Market Dynamics Trends
- Solutions Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Europe Road Safety Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Solutions Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Automatic License Plate Detection
- Bus Lane Compliance
- Red Light Enforcement
- Speed Enforcement
- Incident Detection System
- Services Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Managed Services
- Professional Services
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Poland
- Rest of Europe
- Europe Road Safety Market - Opportunity Analysis Index, By Solutions, Services and Country, 2023 - 2029
- Europe Road Safety Market Dynamics Trends
- Solutions Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Asia-Pacific Road Safety Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Solutions Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Automatic License Plate Detection
- Bus Lane Compliance
- Red Light Enforcement
- Speed Enforcement
- Incident Detection System
- Services Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Managed Services
- Professional Services
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Japan
- China
- India
- ASEAN
- Australia & New Zealand
- Rest of Asia-Pacific
- Asia-Pacific Road Safety Market - Opportunity Analysis Index, By Solutions, Services and Country, 2023 - 2029
- Asia-Pacific Road Safety Market Dynamics Trends
- Solutions Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Latin America Road Safety Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Solutions Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Automatic License Plate Detection
- Bus Lane Compliance
- Red Light Enforcement
- Speed Enforcement
- Incident Detection System
- Services Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Managed Services
- Professional Services
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Latin America Road Safety Market - Opportunity Analysis Index, By Solutions, Services and Country, 2023 - 2029
- Latin America Road Safety Market Dynamics Trends
- Solutions Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Middle East and Africa Road Safety Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Solutions Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Automatic License Plate Detection
- Bus Lane Compliance
- Red Light Enforcement
- Speed Enforcement
- Incident Detection System
- Services Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Managed Services
- Professional Services
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
- MEA Road Safety Market - Opportunity Analysis Index, By Solutions, Services and Country, 2023 - 2029
- MEA Road Safety Market Dynamics Trends
- Solutions Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Competition Landscape
- Strategic Dashboard of Top Market Players
- Company Profiles (Introduction, Financial Analysis, Solutions & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
- Verra Mobility
- SWARCO
- Siemens
- Sensys Gatso Group
- Redflex Holdings
- Motorola Solutions
- Kapsch Trafficcom
- Jenoptik
- IDEMIA
- FLIR Systems
- Cubic Corporation
- Research Methodology
- Key Assumptions and Acronyms
- Verra Mobility
- SWARCO
- Siemens
- Sensys Gatso Group
- Redflex Holdings
- Motorola Solutions
- Kapsch Trafficcom
- Jenoptik
- IDEMIA
- FLIR Systems
- Cubic Corporation