+91 780-304-0404

Road Safety Market

Global Road Safety Market Size, Share & Trends Analysis Report, By Solution (Enforcement Solution, License Plate Detection, Incident Detection & Response, and Others), and Forecast 2019-2025

Published: Dec 2019 | Report Code: OMR2019986 | Category : Automotive and Transportation | Delivery Format: /

The global road safety market is expected to witness a significant growth rate of 8.9% during the forecast period. Rising fatalities owing to the increasing road accidents is one of the solutions factors which is encouraging the government to adopt road safety solutions. As per the World Health Organization (WHO), road accident is the top-most cause of fatality among youngster globally. Globally, around 1.3 million fatalities were registered due to road accidents in 2016.  

Rapid motorization in the cities due to rising urban population density is also one of the factors for the growth of the road safety industry. Governments are opting for new public transportation methods under smart city projects for safe and secure mobility which is creating a significant demand for management and safety solutions, therefore, driving the growth of the global road safety market. 

Segmental Outlook  

The global road safety market is segmented on the basis of solution into enforcement solution, license plate detection, incident detection and response, and others such as traffic flow monitoring and railroad crossing safety. All these solutions are being widely adopted and operated either by the government or through a third-party managed service. Enforcement solution which includes red-light safety and speed detection is expected to have a considerable growth rate during the forecast period. 

Road Safety Market Share by Solution, 2018 (%)

Road Safety Market Share by Solution

Enforcement Solution to Contribute Significantly to the Market

The enforcement solution is expected to generate significant revenue in the global road safety market and is expected to continue the same trend during the forecast period. With road safety enforcement solutions, police and related authorities can enforce traffic law and perform traffic surveillance for improving road safety and increasing public safety. This tool is used widely adopted by law enforcement authorities to curb dangerous driving behavior such as speeding and running red lights.

Regional Outlook 

The market is geographically segmented into North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific) and Rest of the World (RoW). North America is expected to dominate the road safety market during the forecast period. Well-developed road infrastructure, government expenditure on road safety, and strict rules and regulations are some of the major driving factors contributing to the regional growth of the market. Further, several startups have been introduced to the market in the mobility and road safety solution. Signal Labs, Smart Stripe, HAAS Alert, MoonShadow Mobile, Nauto are some of the notable startups in the US. 

Asia-Pacific to Grow with a Remarkable Growth Rate

The road safety market is rapidly expanding in the Asia-Pacific during the forecast period. Emerging economies including China, India, Indonesia, Thailand will contribute significantly to the growth of the market. These countries have witnessed rapid urbanization in the last decade thus resulted in an increase in the population and vehicle density in the urban region. It is encouraging the government to opt for smart solutions for traffic management and road safety. 
Additionally, India is witnessing one of the highest fatalities due to road accidents. As per WHO, around 300,00 fatalities were observed in 2016 in India. Japan and South Korea are also expected to provide a significant market in Asia-Pacific. In the Rest of the World, Brazil, Saudi Arabia, Israel, Argentina, South Africa will have a significant market for road safety solutions during the forecast period. 

Market Players Outlook

The major players that contribute to the growth of the market include Kapsch AG, Jenoptik AG, Idemia France SAS, Sensys Gatso Group AB, Verra Mobility, Siemens AG, Motorola Solutions, Inc., FLIR Systems Inc., Johnson Controls International plc and others. These market players are contributing to the market by adopting various market approaches including product launch and approvals, merger and acquisition, partnerships and collaborations, and others for gaining a strong position in the market.

Recent Developments 

  • In June 2019, FLIR System Inc. launched TrafiData, a thermal traffic sensor system at the ITS America Annual Meeting. The new product can provide improved data collection capabilities to Departments of Transportation (DOTs) and city planners. 
  • In November 2018, Kapsch TrafficCom acquired eTrans Systems, a Virginia-based provider of connected and autonomous vehicle solutions that offers a wide range of safety and mobility applications. The motive of the acquisition was to enrich the company’s solution within the rapidly developing connected and autonomous vehicles landscape. 
  • In October 2018, Gores Holdings II, Inc. completed the acquisition of Verra Mobility. The company acquired Veera Mobility as it is one of the largest traffic solution company appeals to significant growth opportunities in the future. 
  • In January 2017, Xerox Corp. separated Conduent Inc. and created two public trading companies. The aim of the separation was to increase the focus of the companies in their respective domains. 

The Report Covers

  • Market value data analysis of 2018 and forecast to 2025.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global road safety market. Based on the availability of data, information related to pipeline products and services, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

1. Report Summary

1.1. Research Methods and Tools

1.2. Market Breakdown

1.2.1. By Segments

1.2.2. By Geography

2. Market Overview and Insights

2.1. Scope of the Report 

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

2.3. Rules & Regulations

3. Competitive Landscape

3.1. Company Share Analysis

3.2. Key Strategy Analysis

3.3. Key Company Analysis

3.3.1. Kapsch AG

3.3.1.1. Overview

3.3.1.2. Financial Analysis

3.3.1.3. SWOT Analysis

3.3.1.4. Recent Developments

3.3.2. Jenoptik AG

3.3.2.1. Overview

3.3.2.2. Financial Analysis

3.3.2.3. SWOT Analysis

3.3.2.4. Recent Developments

3.3.3. Idemia France SAS

3.3.3.1. Overview

3.3.3.2. Financial Analysis

3.3.3.3. SWOT Analysis

3.3.3.4. Recent Developments

3.3.4. Sensys Gatso Group AB

3.3.4.1. Overview

3.3.4.2. Financial Analysis

3.3.4.3. SWOT Analysis

3.3.4.4. Recent Developments

3.3.5. Verra Mobility

3.3.5.1. Overview

3.3.5.2. Financial Analysis

3.3.5.3. SWOT Analysis

3.3.5.4. Recent Developments

4. Market Determinants

4.1. Motivators

4.2. Restraints

4.3. Opportunities

5. Market Segmentation

5.1. Road Safety Market by Solution

5.1.1. Enforcement Solution

5.1.1.1. Red-Light Safety

5.1.1.2. Speed Detection and Enforcement System

5.1.1.3. Others

5.1.2. License Plate Detection

5.1.3. Incident Detection and Response

5.1.4. Other solution (Traffic flow monitoring, Railroad Crossing Safety)

6. Regional Analysis

6.1. North America

6.1.1. United States

6.1.2. Canada

6.2. Europe

6.2.1. UK

6.2.2. Germany

6.2.3. Italy

6.2.4. Spain

6.2.5. France

6.2.6. Rest of Europe

6.3. Asia-Pacific

6.3.1. China

6.3.2. India

6.3.3. Japan

6.3.4. Rest of Asia-Pacific

6.4. Rest of the World

7. Company Profiles

7.1. 3M Co.

7.2. AABMATICA Technologies Pvt. Ltd.

7.3. Alcatel-Lucent S.A.

7.4. Brisk Synergies

7.5. Clearview Traffic Group Ltd.

7.6. Conduent Inc.

7.7. Cubic Corp.

7.8. FLIR Systems Inc.

7.9. Idemia France SAS

7.10. Information Engineering Group Inc.

7.11. Jenoptik AG

7.12. Johnson Controls International plc

7.13. Kapsch AG

7.14. Laser Technology Inc.

7.15. Motorola Solutions, Inc.

7.16. Optotraffic, LLC

7.17. Rad Data Communication

7.18. Sensys Gatso Group AB

7.19. Siemens AG

7.20. Swarco AG

7.21. Syntell (Pty) Ltd.

7.22. Thales Group

7.23. Trifoil LLC

7.24. Truvelo Ltd.

7.25. Verra Mobility

7.26. VITRONIC GmbH 

7.27. Zhejiang Dahua Technology Co., Ltd.

GLOBAL ROAD SAFETY MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2018-2025 ($ MILLION)

2. GLOBAL ENFORCEMENT SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

3. GLOBAL LICENSE PLATE DETECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

4. GLOBAL INCIDENT DETECTION AND RESPONSE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

5. GLOBAL OTHER ROAD SAFETY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

6. GLOBAL ROAD SAFETY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)

7. NORTH AMERICAN ROAD SAFETY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

8. NORTH AMERICAN ROAD SAFETY MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2018-2025 ($ MILLION)

9. EUROPEAN ROAD SAFETY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

10. EUROPEAN ROAD SAFETY MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2018-2025 ($ MILLION)

11. ASIA-PACIFIC ROAD SAFETY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

12. ASIA-PACIFIC ROAD SAFETY MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2018-2025 ($ MILLION)

13. REST OF THE WORLD ROAD SAFETY MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2018-2025 ($ MILLION)

1. GLOBAL ROAD SAFETY MARKET SHARE BY SOLUTION, 2018 VS 2025 (%)

2. GLOBAL ROAD SAFETY MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)

3. US ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

4. CANADA ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

5. UK ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

6. FRANCE ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

7. GERMANY ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

8. ITALY ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

9. SPAIN ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

10. REST OF EUROPE ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

11. INDIA ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

12. CHINA ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

13. JAPAN ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

14. REST OF ASIA-PACIFIC ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

15. REST OF THE WORLD ROAD SAFETY MARKET SIZE, 2018-2025 ($ MILLION)

Choose License Type
    On Discount

100%
Secured Payment

Why buy from us?
  • Covers more than 15 major industries, which are further segmented into 90+ sectors
  • 65% of our clients are loyal customers
  • 120+ countries are covered in analysis
  • currently servicing 1000+ customers globally
  • 100+ paid data sources mined to research
  • Our expert team will assist you with all research need and customization
  • Our expert research analyst will resolve your every query before and after purchasing the report
Related Reports