Road Safety System Market, Global Outlook and Forecast 2023-2030
As there is an increase in the adoption of road safety solutions, the associated services are also expected to be adopted rapidly. Road safety services are majorly deployed to enhance the existing infrastructure and also integrate the latest road safety solutions with the existing one.
This report aims to provide a comprehensive presentation of the global market for Road Safety System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Road Safety System. This report contains market size and forecasts of Road Safety System in global, including the following market information:
Global Road Safety System Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
The global Road Safety System market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The road safety market is projected to grow from USD 3.0 billion in 2019 to USD 4.7 billion by 2024, at a CAGR of 9.3% during the forecast period. Major factors driving the road safety market include rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety.
We surveyed the Road Safety System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Road Safety System Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Road Safety System Market Segment Percentages, by Type, 2022 (%)
Solutions(Enforcement Solution,ALPR/ANPR,Incident Detection and Response and Others)
Services(Professional Services and Managed Services)
Global Road Safety System Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Road Safety System Market Segment Percentages, by Application, 2022 (%)
Bridges
Highways
Tunnels
Urban Roads
Others
Global Road Safety System Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Road Safety System Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Road Safety System revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Road Safety System revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Jenoptik (Germany)
Kapsch TrafficCom (Austria)
Sensys Gatso Group (Sweden)
Redflex Holdings (Australia)
Verra Mobility (US)
IDEMIA (France)
FLIR Systems (US)
Motorola Solutions (US)
SWARCO (Austria)
Information Engineering Group (Canada)
Cubic Corporation (US)
Siemens (Germany)
Conduent, (US)
VITRONIC (Germany)
Kria (Italy)
Laser Technology (US)
Optotraffic (US)
Syntell (South Africa)
Traffic Management Technologies (South Africa)
AABMATICA (India)
Clearview Intelligence (UK)
Dahua Technology (China)
Truvelo (UK)
Trifoil (Sultanate of Oman)
Outline of Major Chapters:
Chapter 1: Introduces the definition of Road Safety System, market overview.
Chapter 2: Global Road Safety System market size in revenue.
Chapter 3: Detailed analysis of Road Safety System company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Road Safety System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
