Market Overview:
The global road safety market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The market growth is attributed to the increasing number of accidents and fatalities across the globe, government initiatives for road safety, and rising demand for advanced road safety solutions. Based on type, the red light enforcement segment is expected to lead the global road safety market during the forecast period. This segment is projected to grow at a CAGR of 11% from 2018 to 2030 due to increasing adoption of red light enforcement systems by governments worldwide for improving traffic flow and reducing accidents. Based on application, bridges are estimated to be the largest segment in terms of revenue in 2018. This application segment is projected grow at a CAGR of 10% from 2018-2030 owing high installation base across developed countries such as U.S., Canada, Germany, France etc.
Product Definition:
Road safety is the practice of reducing the risk of a traffic collision, by anticipating, avoiding and mitigating road hazards. It includes both personal behavior and engineering measures.
Red Light Enforcement:
Enforcement of red light running is done by using cameras or sensors to capture the license plate of vehicles that are detected to be in the intersection during the yellow signal and red light. The data obtained from this system can be used for statistical analysis and research purposes. This technology has been gaining popularity due to its cost-effectiveness, accuracy, and efficiency in reducing accidents at busy intersections.
Speed Enforcement:
The global speed enforcement and's usage in road safety market is expected to witness significant growth over the forecast period. The increasing number of road accidents worldwide has led to a rise in the demand for speed enforcement cameras. Moreover, growing awareness regarding traffic rules and regulations among drivers has also contributed toward industry growth.
Application Insights:
The tunnels segment is anticipated to witness the highest growth over the forecast period. This can be attributed to a rise in tunnel construction activities across countries, such as China and India. In addition, governments are focusing on installing advanced road safety systems in tunnels for better management of traffic flow. For instance, Transport Research Laboratory (TRL) has developed an Advanced Safety Tunnel (AST) concept that includes several components for active lane control, video enforcement and intelligent transport systems for improved road safety. Several other companies have also developed similar products based on this technology platform.
Highways accounted for the second-largest share of 29% in 2017 owing to their wide application across various regions worldwide including Asia Pacific and North America.
Regional Analysis:
Asia Pacific dominated the global road safety market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2016 owing to increasing number of road accidents, growing population, and rapid urbanization across emerging economies such as India and China. Moreover, governments are focusing on reducing traffic fatalities by introducing various initiatives such as “Make in India†campaign by the Indian government which focuses on manufacturing vehicles that have good passenger safety features.
The European region occupied a significant share in 2016 due to increased focus from regional governments towards improving overall road safety performance through strategic investments aimed at developing advanced technologies for detecting hazards along with undertaking several measures taken up against red light running or yellow light jumping traffic rules violations that lead to avoidable deaths or injuries among drivers, passengers, cyclists & pedestrians.
Growth Factors:
- Increasing awareness about road safety among people
- Stringent government regulations for road safety
- Rising number of vehicular accidents and fatalities across the globe
- Proliferation of advanced technologies in the automotive industry
- Growing demand for safer and smarter vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Road Safety Market Research Report
By Type
Red Light Enforcement, Speed Enforcement, Incident Detection System, Bus Lane Compliance, Others
By Application
Bridges, Highways, Tunnels, Urban Roads, Others
By Companies
Jenoptik AG,, Kapsch TrafficCom AG, Sensys Gatso Group AB., Redflex Holdings Limited, 3M, FLIR Systems, Inc., Swarco AG, American Traffic Solutions, Information Engineering Group, Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Road Safety Market Report Segments:
The global Road Safety market is segmented on the basis of:
Types
Red Light Enforcement, Speed Enforcement, Incident Detection System, Bus Lane Compliance, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bridges, Highways, Tunnels, Urban Roads, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jenoptik AG,
- Kapsch TrafficCom AG
- Sensys Gatso Group AB.
- Redflex Holdings Limited
- 3M
- FLIR Systems, Inc.
- Swarco AG
- American Traffic Solutions
- Information Engineering Group, Inc
Highlights of The Road Safety Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Red Light Enforcement
- Speed Enforcement
- Incident Detection System
- Bus Lane Compliance
- Others
- By Application:
- Bridges
- Highways
- Tunnels
- Urban Roads
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Road Safety Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Road safety is the practice of using roads and highways safely. It includes obeying traffic laws, wearing a seat belt, and driving sober.
Some of the key players operating in the road safety market are Jenoptik AG,, Kapsch TrafficCom AG, Sensys Gatso Group AB., Redflex Holdings Limited, 3M, FLIR Systems, Inc., Swarco AG, American Traffic Solutions, Information Engineering Group, Inc.
The road safety market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Road Safety Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Road Safety Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Road Safety Market - Supply Chain
4.5. Global Road Safety Market Forecast
4.5.1. Road Safety Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Road Safety Market Size (000 Units) and Y-o-Y Growth
4.5.3. Road Safety Market Absolute $ Opportunity
5. Global Road Safety Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Road Safety Market Size and Volume Forecast by Type
5.3.1. Red Light Enforcement
5.3.2. Speed Enforcement
5.3.3. Incident Detection System
5.3.4. Bus Lane Compliance
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Road Safety Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Road Safety Market Size and Volume Forecast by Application
6.3.1. Bridges
6.3.2. Highways
6.3.3. Tunnels
6.3.4. Urban Roads
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Road Safety Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Road Safety Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Road Safety Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Road Safety Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Road Safety Demand Share Forecast, 2019-2029
9. North America Road Safety Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Road Safety Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Road Safety Market Size and Volume Forecast by Application
9.4.1. Bridges
9.4.2. Highways
9.4.3. Tunnels
9.4.4. Urban Roads
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Road Safety Market Size and Volume Forecast by Type
9.7.1. Red Light Enforcement
9.7.2. Speed Enforcement
9.7.3. Incident Detection System
9.7.4. Bus Lane Compliance
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Road Safety Demand Share Forecast, 2019-2029
10. Latin America Road Safety Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Road Safety Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Road Safety Market Size and Volume Forecast by Application
10.4.1. Bridges
10.4.2. Highways
10.4.3. Tunnels
10.4.4. Urban Roads
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Road Safety Market Size and Volume Forecast by Type
10.7.1. Red Light Enforcement
10.7.2. Speed Enforcement
10.7.3. Incident Detection System
10.7.4. Bus Lane Compliance
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Road Safety Demand Share Forecast, 2019-2029
11. Europe Road Safety Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Road Safety Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Road Safety Market Size and Volume Forecast by Application
11.4.1. Bridges
11.4.2. Highways
11.4.3. Tunnels
11.4.4. Urban Roads
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Road Safety Market Size and Volume Forecast by Type
11.7.1. Red Light Enforcement
11.7.2. Speed Enforcement
11.7.3. Incident Detection System
11.7.4. Bus Lane Compliance
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growh Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Road Safety Demand Share, 2019-2029
12. Asia Pacific Road Safety Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Road Safety Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Road Safety Market Size and Volume Forecast by Application
12.4.1. Bridges
12.4.2. Highways
12.4.3. Tunnels
12.4.4. Urban Roads
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Road Safety Market Size and Volume Forecast by Type
12.7.1. Red Light Enforcement
12.7.2. Speed Enforcement
12.7.3. Incident Detection System
12.7.4. Bus Lane Compliance
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Road Safety Demand Share, 2019-2029
13. Middle East & Africa Road Safety Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Road Safety Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Road Safety Market Size and Volume Forecast by Application
13.4.1. Bridges
13.4.2. Highways
13.4.3. Tunnels
13.4.4. Urban Roads
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Road Safety Market Size and Volume Forecast by Type
13.7.1. Red Light Enforcement
13.7.2. Speed Enforcement
13.7.3. Incident Detection System
13.7.4. Bus Lane Compliance
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Road Safety Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Road Safety Market: Market Share Analysis
14.2. Road Safety Distributors and Customers
14.3. Road Safety Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Jenoptik AG,
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kapsch TrafficCom AG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sensys Gatso Group AB.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Redflex Holdings Limited
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. 3M
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. FLIR Systems, Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Swarco AG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. American Traffic Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Information Engineering Group, Inc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
