Road Safety Market Size, Share, Trends, Growth 2032

Road Safety Market

Road Safety Market By Solution (Red Light Enforcement, Speed Enforcement, Bus Lane Enforcement & Section Enforcement, Automatic License Plate Recognition/Automatic Number Plate Recognition, Incident Detection & Response, and Others) and By Service (Consulting & Training, Support & Maintenance, System Integration & Deployment, and Managed Services), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032

Category: Automotive Report Format : PDF Pages: 168 Report Code: ZMR-700 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 3.61 Billion USD 14.71 Billion 16.90% 2023

The global road safety market size was worth around USD 3.61 billion in 2023 and is predicted to grow to around USD 14.71 billion by 2032 with a compound annual growth rate (CAGR) of roughly 16.90% between 2024 and 2032.

The assessment of road safety market dynamics gives a brief thought about the drivers and restraints of the road safety market along with their impact on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the road safety market on a global level.

road safety Market SizeRequest Free Sample

The report gives a transparent view of the road safety market. We have included a detailed competitive scenario and the portfolio of leading market vendors. To understand the competitive landscape in the road safety market, an analysis of Porter’s Five Forces model for the road safety market has also been included.

Road Safety Market: Growth Factors

Road safety basically refers to the measures and methods used to prevent accidents on the road. Typical commuters consist of cyclists, pedestrians, vehicle passengers, horse-riders, motorists, and people who use public transport, especially buses and trains.

The increasing proclivity toward commuters road safety and rising need to reduce road congestion are driving the growth of the global road safety market. Due to road safety, the rising concern for new infrastructural developments will help create the demand for road safety among commuters over the forecast time period. Moreover, the necessity to control the developing range of motors and manage its adverse outcomes on social cost and productivity, the need for road safety services and solutions is growing.

This, in turn, is propelling the global road safety market. The growing number of commuters and increasing traffic congestion on roads are also influencing the road safety market globally. Several technologies are being used to increase safety on bridges, highways, tunnels, and city roads. Safety measures for bridges and highways are anticipated to grow rapidly in the future. However, the lack of awareness and budget constraints related to road safety may restrain the road safety market growth in the years ahead.

Global Road Safety MarketRequest Free Sample

Road Safety Market: Segmentation

The study provides a crucial view of the road safety market segmenting it based on solution, service, and region.

The solution segment of the global road safety market includes red light enforcement, speed enforcement, bus lane enforcement and section enforcement, automatic license plate recognition/automatic number plate recognition, incident detection and response, and others.

By service, the market includes consulting and training, support and maintenance, system integration and deployment, and managed services.

All the segments of road safety market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Road Safety Market : Report Scope

Report Attributes Report Details
Report Name Road Safety Market Research Report
Market Size in 2023 USD 3.61 Billion
Market Forecast in 2032 USD 14.71 Billion
Growth Rate CAGR of 16.90%
Number of Pages 215
Key Companies Covered Jenoptik, Sensys Gatso Group, Kapsch Trafficcom, Redflex Holdings, Idemia, FLIR Systems, American Traffic Solutions, Motorola, Swarco, and Siemens
Segments Covered By Solution, By Service and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Road Safety Market: Regional Analysis

The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

The Asia Pacific region is expected to grow substantially in the global road safety market, owing to the numerous safety measures taken by the government and positive economic growth in the region. India, China, and Australia have introduced different strategies to introduce changes in the planning and implementation of security measures to overcome road incidents. Moreover, technological developments and increasing population in these regions are driving the demand for long distance commute and public transport.

The automation in the road safety market is another driving factor for the region’s road safety market, as it eliminates chances of error. Furthermore, the implementation of automatic license plate recognition/automatic number plate recognition will further fuel the market for road safety in the Asia Pacific.

Road Safety Market: Competitive Space

The global road safety market profiles key players such as:

  • Jenoptik
  • Sensys Gatso Group
  • Kapsch Trafficcom
  • Redflex Holdings
  • Idemia
  • FLIR Systems
  • American Traffic Solutions
  • Motorola
  • Swarco
  • Siemens

This report segments the global road safety market into:

Global Road Safety Market: Solution Analysis

  • Red Light Enforcement
  • Speed Enforcement
  • Bus Lane Enforcement and Section Enforcement
  • Automatic License Plate Recognition/Automatic Number Plate Recognition (ALPR/ANPR)
  • Incident Detection and Response
  • Others

Global Road Safety Market: Service Analysis

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

Global Road Safety Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The measures and precautions made to prevent collisions and injuries on the road are referred to as road safety. Public awareness campaigns, infrastructure enhancements, and traffic regulations are all components of this strategy, which aims to reduce the dangers associated with walking, cycling, driving, and other modes of transportation.

The road safety market experiences expansion due to the impact of numerous determinants. Based on the most recent information available as of January 2022, the road safety market is anticipated to be influenced by a number of significant factors. Kindly be advised that the current state of affairs may have brought about changes to the landscape, and it is critical to account for such developments.
 

The global road safety market size was worth around USD 3.61 billion in 2023 and is predicted to grow to around USD 14.71 billion by 2032.

The global road safety market with a compound annual growth rate (CAGR) of roughly 16.90% between 2024 and 2032.

The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

Some major players of the global road safety market include Jenoptik, Sensys Gatso Group, Kapsch Trafficcom, Redflex Holdings, Idemia, FLIR Systems, American Traffic Solutions, Motorola, Swarco, and Siemens.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed