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Road Safety Market Size, Share & Trends Analysis Report by Solution (Red Light & Speed Enforcement, ANPR/ALPR), Service (Professional, Managed), Region, and Segment Forecasts, 2021-2028

  • ID: 5351645
  • Report
  • May 2021
  • Region: Global
  • 105 pages
  • Grand View Research
The global road safety market size is expected to reach USD 6.66 billion by 2028, expanding at a CAGR of 12.4% from 2021 to 2028. 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.

Road Safety Market Report Highlights

  • Road fatalities are preventable with a practical system approach and the installation of road safety equipment to manage traffic concerns and injuries. The global market for road safety is anticipated to surpass USD 6 billion by 2028 amid the proliferation of favorable policies and measures undertaken to ensure the safety
  • The Automatic Number/License Plate Recognition (ANPR/ALPR) segment captured a sizeable chunk of the overall revenue and is anticipated to witness healthy demand by 2028. Advances in the ANPR product technology will be a key reason instigating growth over 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 will witness a rapid uptake in the forthcoming years. Rapid urbanization has brought the region at the 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

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Note: Product cover images may vary from those shown
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations

Chapter 2. Executive Summary
2.1. Road Safety Market - Industry Snapshot & Key Buying Criteria, 2017-2028
2.2. Road Safety Market, 2017-2028

Chapter 3. Road Safety Industry Outlook
3.1. Market Segmentation
3.2. Value Chain Analysis
3.3. Market Dynamics
3.4. Penetration & Growth Prospects Mapping
3.5. Industry Analysis - Porter's Five Force Analysis
3.6. PEST Analysis
3.7. Key Company Ranking Analysis, 2020

Chapter 4. Road Safety Market: Solution Outlook
4.1. Road Safety Market Estimates & Forecasts, By Solution, 2020 & 2028 (USD Million)
4.2. Red Light & Speed Enforcement
4.3. Incident Detection & Response
4.4. ANPR/ALPR
4.5. Others

Chapter 5. Road Safety Market: Service Outlook
5.1. Road Safety Market Estimates & Forecasts, By Service, 2020 & 2028 (USD Million)
5.2. Professional Services
5.3. Managed Services

Chapter 6. Road Safety Market: Regional Outlook
6.1. Road Safety Market Estimates & Forecasts, By Region, 2020 & 2028 (USD Million)
6.2. North America
6.3. Europe
6.4. Asia Pacific
6.5. Latin America
6.6. Middle East & Africa

Chapter 7. Competitive Landscape
7.1. American Traffic Solutions (Verra Mobility)
7.2. FLIR Systems, Inc.
7.3. IDEMIA
7.4. Jenoptik
7.5. Kapsch TraficCom
7.6. Redflex Holdings
7.7. Sensys Gatso Group AB
7.8. Siemens
7.9. Swarco
7.10. Vitronic

List of Tables
Table 1 List of Abbreviation
Table 2 Road safety market - Industry snapshot & key buying criteria, 2017-2028
Table 3 Road safety market, 2017-2028 (USD Million)
Table 4 Road safety market, by region, 2017-2028 (USD Million)
Table 5 Road safety market, by solution, 2017-2028 (USD Million)
Table 6 Road safety market, by service, 2017-2028 (USD Million)
Table 7 Red light & speed enforcement market, 2017-2028 (USD Million)
Table 8 Incident detection & response market, 2017-2028 (USD Million)
Table 9 ANPR/ALPR market, 2017-2028 (USD Million)
Table 10 Others market, 2017-2028 (USD Million)
Table 11 Professional services market, 2017-2028 (USD Million)
Table 12 Managed services market, 2017-2028 (USD Million)
Table 13 North America Road safety market, 2017-2028 (USD Million)
Table 14 North America road safety, by solution, 2017-2028 (USD Million)
Table 15 North America Road safety market, by service, 2017-2028 (USD Million)
Table 16 U.S. Road safety market, 2017-2028 (USD Million)
Table 17 U.S. Road safety market, by solution, 2017-2028 (USD Million)
Table 18 U.S. Road safety market, by service, 2017-2028 (USD Million)
Table 19 Canada Road safety market, 2017-2028 (USD Million)
Table 20 Canada Road safety market, by solution, 2017-2028 (USD Million)
Table 21 Canada Road safety market, by service, 2017-2028 (USD Million)
Table 22 Europe Road safety market, 2017-2028 (USD Million)
Table 23 Europe road safety, by solution, 2017-2028 (USD Million)
Table 24 Europe Road safety market, by service, 2017-2028 (USD Million)
Table 25 U.K. Road safety market, 2017-2028 (USD Million)
Table 26 U.K. Road safety market, by solution, 2017-2028 (USD Million)
Table 27 U.K. Road safety market, by service, 2017-2028 (USD Million)
Table 28 Germany Road safety market, 2017-2028 (USD Million)
Table 29 Germany Road safety market, by solution, 2017-2028 (USD Million)
Table 30 Germany Road safety market, by service, 2017-2028 (USD Million)
Table 31 France Road safety market, 2017-2028 (USD Million)
Table 32 France Road safety market, by solution, 2017-2028 (USD Million)
Table 33 France Road safety market, by service, 2017-2028 (USD Million)
Table 34 Asia Pacific Road safety market, 2017-2028 (USD Million)
Table 35 Asia Pacific road safety, by solution, 2017-2028 (USD Million)
Table 36 Asia Pacific Road safety market, by service, 2017-2028 (USD Million)
Table 37 China Road safety market, 2017-2028 (USD Million)
Table 38 China Road safety market, by solution, 2017-2028 (USD Million)
Table 39 China Road safety market, by service, 2017-2028 (USD Million)
Table 40 India Road safety market, 2017-2028 (USD Million)
Table 41 India Road safety market, by solution, 2017-2028 (USD Million)
Table 42 India Road safety market, by service, 2017-2028 (USD Million)
Table 43 Japan Road safety market, 2017-2028 (USD Million)
Table 44 Japan Road safety market, by solution, 2017-2028 (USD Million)
Table 45 Japan Road safety market, by service, 2017-2028 (USD Million)
Table 46 Latin America Road safety market, 2017-2028 (USD Million)
Table 47 Latin America road safety, by solution, 2017-2028 (USD Million)
Table 48 Latin America Road safety market, by service, 2017-2028 (USD Million)
Table 49 Brazil Road safety market, 2017-2028 (USD Million)
Table 50 Brazil Road safety market, by solution, 2017-2028 (USD Million)
Table 51 Brazil Road safety market, by service, 2017-2028 (USD Million)
Table 52 Mexico Road safety market, 2017-2028 (USD Million)
Table 53 Mexico Road safety market, by solution, 2017-2028 (USD Million)
Table 54 Mexico Road safety market, by service, 2017-2028 (USD Million)
Table 55 Middle East & Africa Road safety market, 2017-2028 (USD Million)
Table 56 Middle East & Africa road safety, by solution, 2017-2028 (USD Million)
Table 57 Middle East & Africa Road safety market, by service, 2017-2028 (USD Million)

List of Figures
Fig. 1 Road safety market segmentation
Fig. 2 Value chain analysis
Fig. 3 Road safety market dynamics
Fig. 4 Road safety market driver impact
Fig. 5 Road safety market challenge impact
Fig. 6 Road safety penetration & growth prospects mapping
Fig. 7 Road safety market - Porters five forces
Fig. 8 Road safety market - PEST Analysis
Fig. 9 Road safety market, by region, 2020 & 2028
Fig. 10 Road safety market, by solution, 2020 & 2028 (USD Million)
Fig. 11 Road safety market, by service, 2020 & 2028 (USD Million)
Fig. 12 Road safety market, by region, 2020 & 2028 (USD Million)
Note: Product cover images may vary from those shown
  • American Traffic Solutions (Verra Mobility)
  • FLIR Systems, Inc.
  • IDEMIA
  • Jenoptik
  • Kapsch TraficCom
  • Redflex Holdings
  • Sensys Gatso Group AB
  • Siemens
  • Swarco
  • Vitronic
Note: Product cover images may vary from those shown

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