Road Safety Market – Industry Trends and Forecast to 2031
This Road Safety Market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Magnet report simplifies managing marketing of goods and services effectively.
Data Bridge Market Research analyses that the global road safety market, which was USD 4,965.33 million in 2023, is expected to reach USD 10,721.29 million by 2031, at a CAGR of 10.1% during the forecast period 2024 to 2031.
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Market Overview:
The WHO Global Status Report on Road Safety 2022 highlighted 1.3 million road traffic deaths and 20 to 50 million injuries worldwide in 2021. With over 93% of accidents concentrated in low- and middle-income countries, the imperative to enhance road safety measures is evident, fostering potential growth in the road safety market through increased demand for safety technologies and infrastructure.
Some of the major players operating in the Road Safety Market areJENOPTIK AG (Germany), Sensys Gatso Group AB (Sweden), SWARCO (Austria), IEG America (Canada), Syntell (Pty) Ltd (South Africa), Kapsch TrafficCom AG (Austria), Redflex Holdings (Australia), Teledyne FLIR LLC (U.S.), Cubic Corporation (U.S.), Truvelo (UK) Limited (U.K.), ALTUMINT (U.S.), Laser Technology, Inc. (U.S.), Motorola Solutions, Inc. (U.S.), Verra Mobility (U.S.), Siemens (Germany), Dahua Technology Co., Ltd (China), Clearview Intelligence Limited (U.K.), Conduent Business Services, LLC. (U.S.), Tattile S.r.l. (Italy), Traffic Logix (U.S.) among others.
Global Road Safety Market Scope
The global road safety market is segmented on the basis of component, technology, and road type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
· Solutions
· Red Light and Speed Enforcement
· Bus Lane Enforcement, and Section Enforcement
· Incident Detection and Response
· Automatic Number/License Plate Recognition (ANPR/ALPR)
· Others
· Services
· Professional Services
· Managed Services
· Consulting and Training
Technology
· Surveillance
· Sensors-Based Devices
· Radar and Analytics
Road Type
· Cities
· Highways
· Rural Roads
· Others
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Road Safety Market Landscape
Part 04: Global Road Safety Market Sizing
Part 05: Global Road Safety Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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