Road Safety Market by Solution (Red Light, Speed, Bus Lane & Section Enforcement, ALPR/ANPR, Incident Detection & Response), Service (Consulting & Training, Support & Maintenance, and Managed), and Region - Global Forecast to 2023

  • ID: 4556029
  • Report
  • Region: Global
  • 136 Pages
  • Markets and Markets
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Road Safety Market Size Expected to Grow from USD 2.76 Billion in 2018 to USD 4.41 Billion by 2023, at a CAGR of 9.8%

FEATURED COMPANIES

  • Aabmatica
  • Cubic Corporation
  • Idemia
  • Kria
  • Optotraffic
  • Siemens
  • MORE

"The road safety market size is expected to grow at a CAGR of 9.8% during the forecast period"

The road safety market size is expected to grow from USD 2.76 billion in 2018 to USD 4.41 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period. Rapid urbanization, increasing number of vehicles across the globe, rising need for road safety owing to increasing number of road fatalities, and stringent government regulations to make safer road infrastructure are some of the major factors to drive the market. However, lack of standardized and uniform technology may restraint the market growth.

"Incident detection and response solution segment is expected to grow at a higher rate during the forecast period"

The incident detection and response solution segment is expected to grow at a higher rate during the forecast period. The incident detection and response solution enables the detection of obstacles, such as stopped vehicles, traffic slowdown, traffic congestion, wrong way vehicle entry, pedestrian movement on the road, loss of visibility in the roads, and debris on the road. The systems also detect a stopped vehicle in congested traffic by distinguishing it from a vehicle that has temporarily stopped. The incident detection and response solution also automatically detects an incident and brings it to the attention of a manual operator in the control room or executes a pre-defined response to deal with the situation. The growth of the segment is driven by increasing number of road fatalities, vehicles, and traffic congestion.

"Services segment is expected to grow at a higher rate during the forecast period"

The services segment is expected to grow at a higher rate during the forecast period. An increasing adoption rate of road safety solutions is expected to drive the demand for the associated services. Road safety services are majorly deployed to enhance the existing infrastructure and also integrate the latest road safety solution with the existing one. Services include professional and managed services.

"Asia Pacific (APAC) is expected to grow at the highest rate during the forecast period"

As per the geographic analysis, the APAC region is expected to record the fastest growth rate in the road safety market, due to the region’s nature of rapidly adopting new technologies, making higher investments in digital transformation, and its aim at increasing the Gross Domestic Product (GDP). The road safety market in APAC is expected to witness rapid growth because of the demand for road safety solutions and services in major countries, such as China, Japan, and Australia. Japan, China, and Australia, have recognized the importance of road safety solutions to curb issues, such as traffic congestion, road incidents, and traffic congestions.

The break-up profiles of the primary participants have been given below:

  • By Company Type: Tier 1 (40%), Tier 2 (35%), and Tier 3 (25%)
  • By Designation: C-Level (45%), Director Level (30%), and Manager Level (25%)
  • By Region: North America (35%), APAC (30%), Europe (20%), and RoW (15%)

The key road safety market vendors profiled in the report are as follows:
1. Jenoptik (Germany)
2. Kapsch trafficcom (Austria)
3. Sensys Gatso Group (Sweden)
4. Redflex Holdings (Australia)
5. American Traffic Solutions (US)
6. IDEMIA (France)
7. Flir Systems (US)
8. Motorola (US)
9. Swarco (Austria)
10. Information Engineers Group (Canada)
11. cubic corporation (US)
12. Siemens (Germany)
13. Thales (France)
14. Conduent (US)
15. Vitronic (Germany)
16. Trifoil (Germany)
17. Kria (Italy)
18. Laser Technology, Inc. (US)
19. Optotraffic (US)
20. Syntell (South Africa)
21. Traffic Management Technologies (South Africa)
22. Aabmatica Technologies (India)
23. Clearview Intelligence (UK)
24. Dahua Technology (China)
25. Truvelo (UK)

Research Coverage

The global road safety market has been segmented by solutions, services, and region. A detailed analysis of the regions has been done to provide insights into the potential business opportunities across major regions. In addition to this, the product portfolio, recent developments, and strategic analysis of vendors are some of the other analysis included in the report.

Reasons to Buy the Report

The report would help the market leaders/new entrants in the road safety market in the following ways:

1. The report segments the road safety market comprehensively to provide the closest approximations of the revenue numbers for the overall market and its subsegments across regions.

2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.

3. The report helps the stakeholders understand the competitors and gain more insights to enhance their position in the market.

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FEATURED COMPANIES

  • Aabmatica
  • Cubic Corporation
  • Idemia
  • Kria
  • Optotraffic
  • Siemens
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Breakdown of Primaries
           2.1.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Assumptions
    2.4 Limitations

3 Executive Summary

4 Premium Insights
    4.1 Attractive Market Opportunities in the Road Safety Market
    4.2 Market By Solution
    4.3 Market By Enforcement Solution
    4.4 Market By Service
    4.5 Market By Professional Service
    4.6 Market By Region
    4.7 Market Investment Scenario

5 Market Overview and Industry Trends
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rapid Urbanization
                    5.2.1.2 Increasing Number of Vehicles and Mobility
                    5.2.1.3 Increasing Number of Road Accidents/Fatalities
                    5.2.1.4 Increasing Number of Government Initiatives for Enhancing Road Safety
           5.2.2 Restraints
                    5.2.2.1 Lack of Standardized and Uniform Technologies
           5.2.3 Opportunities
                    5.2.3.1 Public-Private Partnership Ecosystem
                    5.2.3.2 Open Data Movement
           5.2.4 Challenges
                    5.2.4.1 Growing Concerns About the Protection and Privacy of Personal Information
    5.3 National Road Strategies
    5.4 Demand Overview

6 Road Safety, By Component
    6.2 Solutions
           6.2.1 Enforcement Solution
                    6.2.1.1 Red Light Enforcement
                    6.2.1.2 Speed Enforcement
                    6.2.1.3 Bus Lane Enforcement
                    6.2.1.4 Section Enforcement
           6.2.2 Automatic License Plate Recognition/Automatic Number Plate Recognition
           6.2.3 Incident Detection and Response
           6.2.4 Others
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Consulting and Training
                    6.3.1.2 System Integration and Deployment
                    6.3.1.3 Support and Maintenance
           6.3.2 Managed Services

7 Road Safety Market, By Region
    7.1 Introduction
    7.2 North America
           7.2.1 United States
           7.2.2 Canada
    7.3 Europe
           7.3.1 United Kingdom
           7.3.2 Germany
           7.3.3 Rest of Europe
    7.4 Asia Pacific
           7.4.1 China
           7.4.2 Japan
           7.4.3 Singapore
           7.4.4 Australia and New Zealand
           7.4.5 Rest of Asia Pacific
    7.5 Middle East and Africa
           7.5.1 Kingdom of Saudi Arabia
           7.5.2 Qatar
           7.5.3 United Arab Emirates
           7.5.4 South Africa
           7.5.5 Rest of Middle East and Africa
    7.6 Latin America
           7.6.1 Brazil
           7.6.2 Mexico
           7.6.3 Rest of Latin America

8 Competitive Landscape
    8.1 Overview
    8.2 Market Ranking Analysis
    8.3 Competitive Scenario
           8.3.1 Partnerships, Agreements, and Collaborations
           8.3.2 Mergers and Acquisitions
           8.3.3 Business Expansions
           8.3.4 New Product Launches

9 Company Profiles
(Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and View)*
    9.1 Jenoptik
    9.2 Kapsch Trafficcom
    9.3 Sensys Gatso Group
    9.4 Redflex Holdings
    9.5 American Traffic Solutions
    9.6 Idemia
    9.7 Flir Systems
    9.8 MotoRoLA Solutions
    9.9 Swarco
    9.10 Information Engineers Group
    9.11 Cubic Corporation
    9.12 Siemens
    9.13 Thales
    9.14 Conduent
    9.15 Vitronic
    9.16 Traffic Management Technologies
    9.17 Aabmatica
    9.18 Clearview Intelligence
    9.19 Dahua Technology
    9.20 Trifoil
    9.21 Kria
    9.22 Laser Technology
    9.23 Optotraffic
    9.24 Syntell
    9.25 Truvelo

*Details on Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and View Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 United States Dollar Exchange Rate, 2015-2017
Table 2 Road Safety Market Size, By Component, 2016-2023 (USD Million)
Table 3 Solutions: Market Size By Type, 2016-2023 (USD Million)
Table 4 Solutions: Market Size, By Region, 2016-2023 (USD Million)
Table 5 Enforcement Solution: Market Size By Type, 2016-2023 (USD Million)
Table 6 Enforcement Solution: Market Size By Region, 2016-2023 (USD Million)
Table 7 Red Light Enforcement Market Size, By Region, 2016-2023 (USD Million)
Table 8 Speed Enforcement Market Size, By Region, 2016-2023 (USD Million)
Table 9 Bus Lane Enforcement Market Size, By Region, 2016-2023 (USD Million)
Table 10 Section Enforcement Market Size, By Region, 2016-2023 (USD Million)
Table 11 Automatic License Plate Recognition/Automatic Number Plate Recognition: Road Safety Market Size, By Region, 2016-2023 (USD Million)
Table 12 Incident Detection and Response: Road Safety Market Size, By Region, 2016-2023 (USD Million)
Table 13 Others: Market Size By Region, 2016-2023 (USD Million)
Table 14 Services: Market Size By Type, 2016-2023 (USD Million)
Table 15 Services: Market Size By Region, 2016-2023 (USD Million)
Table 16 Professional Services: Market Size By Type, 2016-2023 (USD Million)
Table 17 Professional Services: Market Size By Region, 2016-2023 (USD Million)
Table 18 Consulting and Training Market Size, By Region, 2016-2023 (USD Million)
Table 19 System Integration and Deployment Market Size, By Region, 2016-2023 (USD Million)
Table 20 Support and Maintenance Market Size, By Region, 2016-2023 (USD Million)
Table 21 Managed Services: Market Size By Region, 2016-2023 (USD Million)
Table 22 North America: Road Safety Market Size, By Country, 2016-2023 (USD Million)
Table 23 North America: Market Size By Component, 2016-2023 (USD Million)
Table 24 North America: Market Size By Solution, 2016-2023 (USD Million)
Table 25 North America: Market Size By Enforcement Solution, 2016-2023 (USD Million)
Table 26 North America: Market Size By Service, 2016-2023 (USD Million)
Table 27 North America: Market Size By Professional Service, 2016-2023 (USD Million)
Table 28 Europe: Market Size By Country, 2016-2023 (USD Million)
Table 29 Europe: Market Size By Component, 2016-2023 (USD Million)
Table 30 Europe: Market Size By Solution, 2016-2023 (USD Million)
Table 31 Europe: Market Size By Enforcement Solution, 2016-2023 (USD Million)
Table 32 Europe: Market Size By Service, 2016-2023 (USD Million)
Table 33 Europe: Market Size By Professional Service, 2016-2023 (USD Million)
Table 34 Asia Pacific: Road Safety Market Size, By Country, 2016-2023 (USD Million)
Table 35 Asia Pacific: Market Size By Component, 2016-2023 (USD Million)
Table 36 Asia Pacific: Market Size By Solution, 2016-2023 (USD Million)
Table 37 Asia Pacific: Market Size By Enforcement Solution, 2016-2023 (USD Million)
Table 38 Asia Pacific: Market Size By Service, 2016-2023 (USD Million)
Table 39 Asia Pacific: Market Size By Professional Service, 2016-2023 (USD Million)
Table 40 Middle East and Africa: Market Size By Country, 2016-2023 (USD Million)
Table 41 Middle East and Africa: Market Size By Component, 2016-2023 (USD Million)
Table 42 Middle East and Africa: Market Size By Solution, 2016-2023 (USD Million)
Table 43 Middle East and Africa: Market Size By Enforcement Solution, 2016-2023 (USD Million)
Table 44 Middle East and Africa: Market Size By Service, 2016-2023 (USD Million)
Table 45 Middle East and Africa: Market Size By Professional Service, 2016-2023 (USD Million)
Table 46 Latin America: Road Safety Market Size, By Country, 2016-2023 (USD Million)
Table 47 Latin America: Market Size By Component, 2016-2023 (USD Million)
Table 48 Latin America: Market Size By Solution, 2016-2023 (USD Million)
Table 49 Latin America: Market Size By Enforcement Solution, 2016-2023 (USD Million)
Table 50 Latin America: Market Size By Enforcement Service, 2016-2023 (USD Million)
Table 51 Latin America: Market Size By Professional Service, 2016-2023 (USD Million)
Table 52 Market Ranking, 2018
Table 53 Partnerships, Agreements, and Collaborations, 2016-2018
Table 54 Mergers and Acquisitions, 2016-2017
Table 55 Business Expansions, 2016
Table 56 New Product Launches, 2016-2017

List of Figures
Figure 1 Global Road Safety Market: Market Segmentation
Figure 2 Regional Scope
Figure 3 Global Market Research Design
Figure 4 Research Methodology
Figure 5 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 6 Data Triangulation
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Road Safety Market Size and Growth Rate, 2016-2023 (USD Million, Y-O-Y%)
Figure 10 Market Analysis
Figure 11 Market By Key Country Market Share and Region
Figure 12 Growing Urbanization is Expected to Be Driving the Growth of the Road Safety Market
Figure 13 Enforcement Solution Segment is Estimated to Hold the Largest Market Share During the Forecast Period
Figure 14 Red Light Enforcement Segment is Estimated to Hold the Largest Market Share During the Forecast Period
Figure 15 Professional Services Segment is Estimated to Hold the Larger Market Share During the Forecast Period
Figure 16 Consulting and Training Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 17 North America is Expected to Hold the Largest Market Share During the Forecast Period
Figure 18 Asia Pacific is Expected to Be the Hotspot Market to Invest in During the Forecast Period
Figure 19 Road Safety Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Number of Vehicles in Use Worldwide (In ‘000)
Figure 21 Road Traffic Fatality Rates, By Region, 2015
Figure 22 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 23 Enforcement Solution Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 24 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 25 Asia Pacific is Expected Grow at the Highest CAGR During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Road Fatalities By Road User Group, 2015
Figure 28 Road Fatalities By Road User Group, 2015
Figure 29 Road Fatalities By Road User Group, 2015
Figure 30 Road Fatalities By Road User Group, 2015
Figure 31 Asia Pacific: Market Snapshot
Figure 32 Road Fatalities By Road User Group, 2015
Figure 33 Road Fatalities By Road User Group, 2015
Figure 34 Road Fatalities By Road User Group, 2015
Figure 35 Key Developments By Leading Players in the Road Safety Market During 2015-2018
Figure 36 Market Evaluation Framework
Figure 37 Jenoptik: Company Snapshot
Figure 38 Kapsch Trafficcom: Company Snapshot
Figure 39 Sensys Gatso Group: Company Snapshot
Figure 40 Redflex Holdings: Company Snapshot
Figure 41 Flir Systems: Company Snapshot
Figure 42 MotoRoLA Solutions: Company Snapshot
Figure 43 Cubic Corporation: Company Snapshot
Figure 44 Siemens: Company Snapshot
Figure 45 Thales: Company Snapshot
Figure 46 Conduent: Company Snapshot

Note: Product cover images may vary from those shown
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  • Aabmatica
  • American Traffic Solutions
  • Clearview Intelligence
  • Conduent
  • Cubic Corporation
  • Dahua Technology
  • Flir Systems
  • Idemia
  • Information Engineers Group
  • Jenoptik
  • Kapsch Trafficcom
  • Kria
  • Laser Technology
  • MotoRoLA Solutions
  • Optotraffic
  • Redflex Holdings
  • Sensys Gatso Group
  • Siemens
  • Swarco
  • Syntell
  • Thales
  • Traffic Management Technologies
  • Trifoil
  • Truvelo
  • Vitronic
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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