Press release
Global Road Safety Market Set to Make Rapid Strides in 2020-2027
From an insight perspective, this research report has focused on various levels of analysis—industry trends analysis, top players analysis, company profiles, which discuss the basic views on the competitive landscape, emerging and high-growth segments of Road Safety market, and high-growth regions; and drivers, restraints, challenges, and opportunities pertaining to Road Safety market.
With the largest revenue share in Europe, the regional road safety market is also likely to retain its dominance in the coming years owing to early adoption of technology and enhanced road infrastructure. The region is characterized by multiple service providers, OEMs, and a large customer base. Companies such as Kapsch TraficCom, Sensys Gatso Group AB, and Jenoptik are located in the region and have contributed significantly to the dominant market share of the region. North America also accounted for a significant share, with the U.S. having a relatively higher number of vehicles than many countries. Studies indicate that from 2020 to 2025, the U.S. Asia Pacific region is expected to witness a significant growth of more than 700 vehicles per 1,000 people, at a CAGR of more than 13.0%. Increasing investments in infrastructure, coupled with increasing traffic congestion and accidents, is expected to drive the road safety market in the region in the coming years. The global road safety market size is expected to reach USD 3.2 billion by 22025.
Road safety involves products, solutions and services that are used to maintain traffic discipline and prevent traffic accidents. Products include traffic enforcement cameras, incident response and detection systems, while services cover the installation, maintenance and repair of these systems.
These solutions for road safety help maintain traffic discipline and ensure safety of commuters. Growing demand for public safety and road infrastructure is surging, due to the surge in road accidents and fatalities, the demand for traffic safety solutions to provide safe road infrastructure to prevent accidents and fatalities is expected to have a positive impact on the market. The road safety market is expected to witness considerable growth owing to various government initiatives aimed at creating a safe travel environment.
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Leading Company for Driving Market Growth
The global Road Safety market growth is also reliant on the development of active players in the industry, which are:
American Traffic Solutions
Kapsch TrafficCom AG
3M
Redflex Holdings Limited
Swarco AG
Motorola Solutions
Information Engineering Group, Inc
Jenoptik AG,
Application Outline:
Bridges
Highways
Tunnels
Urban Roads
Others
Type Outline:
Red Light Enforcement
Speed Enforcement
Incident Detection System
Bus Lane Compliance
Others
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Road Safety Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Road Safety Market by Types
4 Segmentation of Road Safety Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Road Safety Market in Major Countries
7 North America Road Safety Landscape Analysis
8 Europe Road Safety Landscape Analysis
9 Asia Pacific Road Safety Landscape Analysis
10 Latin America, Middle East & Africa Road Safety Landscape Analysis
11 Major Players Profile
…
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Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Report Key Audience
Road Safety manufacturers
Downstream vendors and end-users
Traders, distributors, and resellers of Road Safety
Road Safety industry associations and research organizations
Product managers, Road Safety industry administrator, C-level executives of the industries
Market Research and consulting firms
Key questions answered in the report
What will the market size and growth rate be in 2026?
What segment or region will drive or lead market growth and what are the reasons?
How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
What key strategies are used by top vendors to increase revenue?
Available Customizations – Market Monitor offers customizations according to the company's specific needs.
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