Press release
Road Safety Market Size, Key Segments, Share, Trends, Growth, and Forecast 2031
Road safety is the methods and safety measures used to avoid death or serious harm to highway users. Motorists, cyclists, pedestrians, horseback riders, and riders of on-road public transportation (mostly trucks and trams) are all considered standard road users.
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Factors Influencing Market Growth
The development of autonomous vehicles has benefited the road safety sector, which is one of the main drivers promoting its growth.
Rapid urbanization and an increase in the urban population, both of which need better traffic management and transportation planning to fuel market growth.
The high risk of identity theft and cyberattacks associated with the expansion of the road safety business hamper the market expansion.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a significant impact on the road safety market expansion. The increase in the need for enforcement solutions across numerous industries has greatly fueled the road safety market throughout the pandemic. The development of the third wave of COVID-19 in the US and the UK, however, is projected to have an impact on the market's expansion for road safety in 2022. Additionally, incident detection and response has begun to install road safety solutions globally, which is anticipated to fuel the expansion of the market analysis for road safety post-pandemic.
Regional Insights
North America will hold a sizable road safety market share due to rapid urbanization and an increase in the urban population, both of which need better traffic management and transportation planning to fuel market growth. The government's active promotion of measures to reduce the possibility of traffic and road mishaps has helped the market. A quantitative prediction of road deaths for the first half of 2021 is also provided.
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Leading Competitors
The leading competitors in the global road safety market are:
Verra Mobility
Kapsch TraficCom
Jenoptik
Sensys Gatso Group AB
Redflex Holdings
Saferoad Group
Dahua Technology
Conduent
Silicon Labs
Others
Segmentation Analysis
The global road safety market segmentation focuses on Type, Nature, Distribution Channel and Region.
Segmentation based on Offering
Solution
Services
System Integration and Deployment
Support and Maintenance
Consulting and Training
Segmentation based on Type
Enforcement Solution
? Red Light Enforcement
? Speed Enforcement
? Section Enforcement
? Bus Lane Enforcement
ALPR or ANPR
Incident Detection and Response
Railroad Crossing Safety
School Bus Stop -Arm Enforcement
Back Office Systems
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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