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PUBLISHER: Grand View Research | PRODUCT CODE: 1301201
PUBLISHER: Grand View Research | PRODUCT CODE: 1301201
Road Safety Market Size, Share & Trends Analysis Report By Solution (Red Light & Speed Enforcement, Incident Detection & Response, ALPR/ANPR, Others), By Service, By Region, And Segment Forecasts, 2023 - 2030
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Road Safety Market Growth & Trends
The global road safety market size is expected to reach USD 10.13 billion by 2030 and grow at a CAGR of 17.5% from 2023 to 2030, according to a recent report of Grand View Research, Inc.World health organization estimates say that over 1.3 million people die of road accidents every year. This statistic is enough to suggest that road safety is crucial for all. With countries focusing on lowering accidents, the deployment of road safety solutions, including surveillance or continuous vehicle monitoring systems, has gained prominence.
Over the years, alcohol and speeding have been the leading causes of fatalities related to road accidents, making road safety systems a mandate across most countries. Providing a safer environment for pedestrians and cyclists will also create a safe road environment for the population, creating avenues for future growth. To keep pace with market demand, vendors aim to develop technologically advanced products, have an extended life, and are less prone to vandalism. Intelligent displays, high-resolution cameras, and systems that can monitor in terrible weather conditions or low light are gaining traction favoring the demand for road safety products over the next few years. Several countries are engaged in conducting formal road safety assessments every year while developing strategies to achieve road safety. Such initiatives will play a vital role in creating demand for road safety solutions over the forecast period.
Companies are also investing heavily in developing advanced technologies that combine the use of artificial intelligence, cameras, and sensors to identify traffic issues. For instance, Transoft Solutions (ITS) Inc. provides solutions that help urban planners collect, monitor, and analyze traffic data. An in-depth analysis of the collected data is useful in understanding road user behavior and traffic flow. This data helps city planners make informed and better decisions about traffic infrastructure. The company's BriskLUMINA solution is capable of leveraging the existing road camera infrastructure to conduct video analysis. This data is used to track near-misses and other instances that can result in a potential crash. Such technologically advanced solutions help in law enforcement and infrastructure planning that can completely lower the risk of road accidents.
Road Safety Market Report Highlights
- The red light & speed enforcement segment is anticipated to observe a CAGR of 18.5% during the forecast period. The market for this category is anticipated to develop because of the growing need for the preventability of road fatalities with a practical system approach and the installation of road safety equipment to manage traffic concerns and injuries
- The professional service segment is anticipated to observe a CAGR of 17.9% during the forecast period. Professional services emerged as a preferred choice among policymakers. The ability to offer end-to-end monitoring and maintenance services will help upkeep segment growth
- Asia Pacific region is expected to grow with the fastest CAGR of 19.6% from 2023 to 2030. Asia Pacific will witness a rapid uptake in the forthcoming years. Rapid urbanization has brought the region at risk of increased fatalities, positively impacting the demand for traffic management systems. However, a lack of clear guidelines and policies to control road fatalities could pose a challenge to the growth
- Key market players in the market have an extended operating history, a large customer base, and significant competitive strengths. In addition to the inorganic growth strategies, vendors emphasize improving after-sale service offerings to ensure periodic maintenance of installed products
Product Code: GVR-3-68038-943-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Methodology Segmentation & Scope
- 1.2. Information procurement
- 1.2.1. Purchased database
- 1.2.2. GVR's internal database
- 1.2.3. Secondary sources & third-party perspectives
- 1.2.4. Primary research
- 1.3. Information analysis
- 1.3.1. Data analysis models
- 1.4. Market formulation & data visualization
- 1.5. Data validation & publishing
Chapter 2. Executive Summary
- 2.1. Road Safety Market - Market Snapshot, 2018 - 2030
- 2.2. Road Safety Market - Solution Snapshot, 2018 - 2030
- 2.3. Road Safety Market - Service Snapshot, 2018 - 2030
- 2.4. Road Safety Market - Competitive Snapshot
Chapter 3. Road Safety Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint/Challenge Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Business Environment Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.4.2. PEST Analysis
- 3.5. COVID-19 Impact Analysis
Chapter 4. Road Safety Market Solution Outlook
- 4.1. Road Safety Market Share by Solution, 2022 & 2030 (USD Billion)
- 4.2. Red Light & Speed Enforcement
- 4.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3. Incident Detection & Response
- 4.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.4. Automatic Number/License Plate Recognition (ANPR/ALPR)
- 4.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.5. Others
- 4.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 5. Road Safety Market Service Outlook
- 5.1. Road Safety Market Share by Service, 2022 & 2030 (USD Billion)
- 5.2. Professional Services
- 5.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3. Managed Services
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 6. Road Safety Market: Regional Outlook
- 6.1. Road Safety Market Share by Region, 2022 & 2030 (USD Billion)
- 6.2. North America
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.2.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.2.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.2.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.2.4.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.2.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.2.5.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.3. Europe
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.3.4. UK
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.4.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.3.5. Germany
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.5.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.6.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.6.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.3.7. Italy
- 6.3.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.7.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.7.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.3.8. Spain
- 6.3.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.8.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.8.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.4.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.5.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.6.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.6.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.4.7. Australia
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.7.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.7.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.4.8. South Korea
- 6.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.8.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.8.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.5. Latin America
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.5.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.5.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.5.4.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.5.5. Mexico
- 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.5.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.5.5.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.5.6. Argentina
- 6.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.5.6.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.5.6.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.6.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.6.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.6.4. UAE
- 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.6.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.6.4.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.6.5. Saudi Arabia
- 6.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.6.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.6.5.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
- 6.6.6. South Africa
- 6.6.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.6.6.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.6.6.3. Market estimates and forecast by services, 2018 - 2030 (USD Billion)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization (Mature Players, Emerging Players)
- 7.2. Company Ranking/Share Analysis, 2022
- 7.3. Strategy Mapping
- 7.4. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
- 7.4.1. American Traffic Solutions (Verra Mobility)
- 7.4.2. Conduent
- 7.4.3. Cubic Corporation
- 7.4.4. Dahua Technology
- 7.4.5. FLIR Services, Inc.
- 7.4.6. IDEMIA
- 7.4.7. Jenoptik
- 7.4.8. Kapsch TraficCom
- 7.4.9. Motorola Solutions
- 7.4.10. Redflex Holdings
- 7.4.11. Sensys Gatso Group AB
- 7.4.12. Siemens
- 7.4.13. Swarco
- 7.4.14. Teledyne FLIR
- 7.4.15. Vitronic
Product Code: GVR-3-68038-943-2
List of Tables
- Table 1 List of Abbreviation
- Table 2 Global Road Safety market, 2018 - 2030 (USD Billion)
- Table 3 Global Road Safety market, by region, 2018 - 2030 (USD Billion)
- Table 4 Global Road Safety market, by solution, 2018 - 2030 (USD Billion)
- Table 5 Global Road Safety market, by service, 2018 - 2030 (USD Billion)
- Table 6 North America Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 7 North America Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 8 U.S. Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 9 U.S. Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 10 Canada Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 11 Canada Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 12 Europe Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 13 Europe Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 14 UK Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 15 UK Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 16 Germany Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 17 Germany Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 18 France Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 19 France Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 20 Italy Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 21 Italy Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 22 Spain Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 23 Spain Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 24 Asia Pacific Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 25 Asia Pacific Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 26 China Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 27 China Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 28 India Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 29 India Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 30 Japan Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 31 Japan Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 32 South Korea Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 33 South Korea Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 34 Australia Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 35 Australia Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 36 Latin America Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 37 Latin America Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 38 Brazil Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 39 Brazil Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 40 Mexico Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 41 Mexico Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 42 Argentina Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 43 Argentina Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 44 Middle East & Africa Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 45 Middle East & Africa Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 46 UAE Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 47 UAE Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 48 Saudi Arabia Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 49 Saudi Arabia Road Safety market, by service 2018 - 2030 (USD Billion)
- Table 50 South Africa Road Safety market, by solution 2018 - 2030 (USD Billion)
- Table 51 South Africa Road Safety market, by service 2018 - 2030 (USD Billion)
List of Figures
- Fig. 1 Road Safety market segmentation
- Fig. 2 Methodology
- Fig. 3 Primary Research Pattern
- Fig. 4 Information analysis
- Fig. 5 Data Analysis Model
- Fig. 6 Data Validation & Publishing
- Fig. 7 Road Safety (EDR): Market Snapshot
- Fig. 8 Road Safety (EDR): Segment Snapshot
- Fig. 9 Road Safety (EDR): Competitive Landscape Snapshot
- Fig. 10 Road Safety Market Lineage Outlook
- Fig. 11 Road Safety market: Value chain analysis
- Fig. 12 Market driver analysis
- Fig. 13 Market restraint analysis
- Fig. 14 Market opportunity analysis
- Fig. 15 Road Safety market: Porter's five forces analysis
- Fig. 16 Road Safety market: PEST analysis
- Fig. 17 Road Safety market analysis: Solution segment analysis
- Fig. 18 Road Safety market analysis: Service segment analysis
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