The global road safety market size was valued at $2.8 billion in 2019 and is expected to grow at a CAGR of 11% from 2021 to 2027. Road safety includes products, solutions and services used to maintain traffic discipline. Prevent traffic accidents. Products include traffic cameras, incident response and detection systems, and services include installation, maintenance and repair of these systems. All of these solutions help maintain traffic discipline and ensure commuter safety. The increasing demand for public security and road infrastructure improvements is expected to drive the road safety market in the coming years. The surge in traffic accidents and fatalities is driving the demand for traffic safety solutions.
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Company Profile
- Jenoptik
- Kapsch TrafficCom
- Flir Systems, Inc.
- IDEMIA
- Sensys Gatso Group AB
- VITRONIC
- Redflex Holdings
Market Segmentation
Road Safety Market Segments:
By Solution
- Red Light & Speed Enforcement
- Incident Detection & Response
- ANPR/ALPR
- Others
By Service
- Professional Services
- Managed Services
Scope of the Report
The research study analyzes the global Road Safety industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Road Safety Market Report
1. What was the Road Safety Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Road Safety Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Road Safety Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Road Safety market.
- The market share of the global Road Safety market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Road Safety market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Road Safety market.
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