Road Safety Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2024

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Global Road Safety Market is estimated to reach $4.39 billion by 2025, forecast to grow at a CAGR of 8.97% during 2020-2025. Demand of road safety trends is one of the main concerns in the present transportation mode. Increasing population, as well as the increase in vehicles in use across the globe, is one of the major challenges for the road safety industry analysis. Continuously rising urban population, increasing number of road facility, accident, and rapid modernization of vehicles are some of the core concerns pushing the growth of the road safety solutions market across the globe. From the last decade, increased adoption of road safety solutions, and services are predicted to drive the market forward the road safety market demand.
 
Key Takeaways
  • North America region dominated the road safety market owing to adoption of advanced technology and infrastructure developments in this region. 
  • As per World Road Association (PIARC), every year more than 1.24 million people die on road accident across the globe. Many people suffer permanent disability, and between 20 and 50 million people suffers non-fatal injuries.  Road safety solutions are being increasingly adopted to combat this.
  • Globally road accident become a major causes of death children as well as young people aged between 15-30 years. In the coming future this road injury can be a major problem, and it is estimated that road traffic injury may become the 7th leading cause of death by 2030.
  • The road safety solution and services guide the planning, managing, designing, operation and use of the road traffic system, as a result it will provide safety, instead of human fallibility. 


Type of Components - Segment Analysis

By component type road safety market is classified in to different segments includes solution and services. Solution segment is further segmented into enforcement solution, automatic license plate recognition/automatic number plate recognition, incident detection & response, and others. Service segment is further break down in to professional services and managed services. Enforcement solution is expected to grow at a highest CAGR during the forecast period. Speed reduction measures are increasingly used in various applications which include infrastructure, vehicle technology, and enforcement and indirect applications– education and publicity 

Geography - Segment Analysis

North America region dominated the global road safety market with a share of more than 36.2%, followed by Europe and APAC regions. North America is one of the major important region in terms of infrastructure development and technological advancement. The high number of vehicles in use in North America compared to APAC and Europe, due to inherent requirement of vehicles in the U.S, drive the adoption of road safety solutions North American countries has sustainable and well established economics, and increasing investment for infrastructure development has been one of the crucial factor road safety adoption rate. APAC is expected to be grow at a highest CAGR of between 10%-11% during the forecast periods from 2020 to 2025, owing the demand of road safety and solution from various countries includes China, Australia, Japan and India for road safety market outlook.

Drivers – Road Safety Market

  • Enforcement to improve compliance with government policies
Enforcement initiatives taken by different government bodies that applied after speeding by punishing any driver for violation, and charging fines or the driver’s license point system. Enforcement can be manual, automatic, overt or covert, mobile or stationary. Manual enforcement generally takes place overtly or covertly by the police officer or other authorized officials confronting violating drivers by stopping them on the spot after violation. Manual Enforcement is an effective tool but tends to be quite inefficient due to high labor content of the operation. Automated enforcement systems are available in many different types with various detection methods includes radar, laser, loops each having their own advantages and disadvantages. Automated speed enforcement can be operated from the different device includes mobile, in-vehicle, semi-fixed, fixed and average speed detection and thus are set to face significant growth. 

  • Road Safety Program: From advocacy to implementation
Since 2006 the Global Road Safety Facility (GRSF) has been committed to a new road safety for a new journey through advocacy and by making partnership with different institution and government bodies. As one of the primary sponsors of the first global ministerial meeting for Road Safety hosted by the Russian Federation on 2009, the Facility played an important role in the launch of the UN Decade of Action for Road Safety and remains committed to working with actors of the UN Road Safety Collaboration. GRSF also recognizes the role of various NGOs as key partners of change and has pleased support to the global alliance of NGOs for road safety, helping more over 140 country based NGOs convince their local authorities of the need to act.  This advocacy for road safety legislation is set to drive the market over the next few years.

Challenges – Road Safety Market

  • Road Safety Management and Safer Road Mobility
Road Safety Management: In some of the developing countries setting up good safety might be a challenge due to different parameters includes insufficient funding from government bodies, poor infrastructure, weak agency capacity, and absence of political willingness. In this solution and services a functioning and competent lead road safety agency can play a critical role in establishing good safety practice in different countries.

Safer Road Mobility: In some of the emerging economies there is rapid renovation and expanding road networks to accommodate expanding vehicle fleets, intensified traffic mix and sustained growth in domestic trade not yet happened. Newly built and reformed roads can present risks when important safety considerations are omitted in the design, or left out in the construction & maintenance phases.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the road safety market. In 2018, the market was fragmented considering a number of small and mid-size players are operating in this market. Major players in the road safety market are, Jenoptik, Kapsch Traffic Com, Sensys Gatso Grou, Verra Mobility, FLIR Systems, SWARCO, IDEMIA, Siemens, Conduent, Clearview Intelligence and among others. 

Acquisitions/Technology Launches/Contract awarded
  • In May 2019, Kapsch TrafficCom received a contract to provide a new urban traffic management system for the Spain city of Aviles. The contract amount is more than $1.1 million value. Kapsch TrafficCom is going to the implementation of Kapsch’s EcoTrafiX platform, offering a software suite that is designed to capture, aggregate, archive and monitor various sources of traffic data.
  • In April 2019, Sensys Gatso has received a five years contract to extend the traffic safety solution in Albany for New York City. The five year contract is valued around $2.4 million (SEK 21.5million). Sensys Gatso is going to implement automated red light camera enforcement program, which originally went into effect in 2015, will continue for five more years and has an approximate annual revenue value of $470 thousand. 
1. Road Safety Market - Overview
        1.1 Definitions and Scope
2. Road Safety Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Road Safety Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Road Safety Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Road Safety Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Road Safety Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Road Safety Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Road Safety Market - By Type (Market Size -$Million / $Billion)
9. Road Safety Market - By Component (Market Size -$Million / $Billion)
9.1 Solutions
9.1.1 Enforcement Solution
9.1.2 Automatic License Plate Recognition/Automatic Number Plate Recognition
9.1.3 Incident Detection & Response
9.1.4 Others
9.2 Services
9.2.1 Professional Services
9.2.2 Managed Services
10. Road Safety - By Application (Market Size -$Million / $Billion)
11. Road Safety- By Geography (Market Size -$Million / $Billion)
        11.1 Road Safety Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Road Safety- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Road Safety- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Road Safety - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Road Safety - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Road Safety Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Road Safety Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Road Safety Market - Key Company List by Country Premium
15. Road Safety Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Aabmatica
        15.3 American Traffic Solutions
        15.4 Clearview Intelligence
        15.5 Conduent
        15.6 Cubic Corporation
        15.7 Dahua Technology
        15.8 Flir Systems
        15.9 Idemia
        15.10 Information Engineers Group
        15.11 Jenoptik
        15.12 Kapsch Trafficcom
        15.13 Kria
        15.14 Laser Technology
        15.15 MotoRoLA Solutions
        15.16 Optotraffic
        15.17 Redflex Holdings
        15.18 Sensys Gatso Group
        15.19 Siemens
        15.20 Swarco
        15.21 Syntell
        15.22 Thales
        15.23 Traffic Management Technologies
        15.24 Trifoil
        15.25 Truvelo
        15.26 Vitronic
        15.27 Company 26
        15.28 Company 27 & More
*Financials would be provided on a best efforts basis for private companies
16. Road Safety Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Road Safety Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Road Safety By Component Market 2019-2024 ($M)
1.1 Solutions Market 2019-2024 ($M) - Global Industry Research
1.1.1 Enforcement Solution Market 2019-2024 ($M)
1.1.2 Automatic License Plate Recognition/Automatic Number Plate Recognition Market 2019-2024 ($M)
1.1.3 Incident Detection & Response Market 2019-2024 ($M)
1.2 Services Market 2019-2024 ($M) - Global Industry Research
1.2.1 Professional Services Market 2019-2024 ($M)
1.2.2 Managed Services Market 2019-2024 ($M)
2.Global Road Safety By Component Market 2019-2024 (Volume/Units)
2.1 Solutions Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Enforcement Solution Market 2019-2024 (Volume/Units)
2.1.2 Automatic License Plate Recognition/Automatic Number Plate Recognition Market 2019-2024 (Volume/Units)
2.1.3 Incident Detection & Response Market 2019-2024 (Volume/Units)
2.2 Services Market 2019-2024 (Volume/Units) - Global Industry Research
2.2.1 Professional Services Market 2019-2024 (Volume/Units)
2.2.2 Managed Services Market 2019-2024 (Volume/Units)
3.North America Road Safety By Component Market 2019-2024 ($M)
3.1 Solutions Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Enforcement Solution Market 2019-2024 ($M)
3.1.2 Automatic License Plate Recognition/Automatic Number Plate Recognition Market 2019-2024 ($M)
3.1.3 Incident Detection & Response Market 2019-2024 ($M)
3.2 Services Market 2019-2024 ($M) - Regional Industry Research
3.2.1 Professional Services Market 2019-2024 ($M)
3.2.2 Managed Services Market 2019-2024 ($M)
4.South America Road Safety By Component Market 2019-2024 ($M)
4.1 Solutions Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Enforcement Solution Market 2019-2024 ($M)
4.1.2 Automatic License Plate Recognition/Automatic Number Plate Recognition Market 2019-2024 ($M)
4.1.3 Incident Detection & Response Market 2019-2024 ($M)
4.2 Services Market 2019-2024 ($M) - Regional Industry Research
4.2.1 Professional Services Market 2019-2024 ($M)
4.2.2 Managed Services Market 2019-2024 ($M)
5.Europe Road Safety By Component Market 2019-2024 ($M)
5.1 Solutions Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Enforcement Solution Market 2019-2024 ($M)
5.1.2 Automatic License Plate Recognition/Automatic Number Plate Recognition Market 2019-2024 ($M)
5.1.3 Incident Detection & Response Market 2019-2024 ($M)
5.2 Services Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Professional Services Market 2019-2024 ($M)
5.2.2 Managed Services Market 2019-2024 ($M)
6.APAC Road Safety By Component Market 2019-2024 ($M)
6.1 Solutions Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Enforcement Solution Market 2019-2024 ($M)
6.1.2 Automatic License Plate Recognition/Automatic Number Plate Recognition Market 2019-2024 ($M)
6.1.3 Incident Detection & Response Market 2019-2024 ($M)
6.2 Services Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Professional Services Market 2019-2024 ($M)
6.2.2 Managed Services Market 2019-2024 ($M)
7.MENA Road Safety By Component Market 2019-2024 ($M)
7.1 Solutions Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Enforcement Solution Market 2019-2024 ($M)
7.1.2 Automatic License Plate Recognition/Automatic Number Plate Recognition Market 2019-2024 ($M)
7.1.3 Incident Detection & Response Market 2019-2024 ($M)
7.2 Services Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Professional Services Market 2019-2024 ($M)
7.2.2 Managed Services Market 2019-2024 ($M)

LIST OF FIGURES

1.US Road Safety Market Revenue, 2019-2024 ($M)
2.Canada Road Safety Market Revenue, 2019-2024 ($M)
3.Mexico Road Safety Market Revenue, 2019-2024 ($M)
4.Brazil Road Safety Market Revenue, 2019-2024 ($M)
5.Argentina Road Safety Market Revenue, 2019-2024 ($M)
6.Peru Road Safety Market Revenue, 2019-2024 ($M)
7.Colombia Road Safety Market Revenue, 2019-2024 ($M)
8.Chile Road Safety Market Revenue, 2019-2024 ($M)
9.Rest of South America Road Safety Market Revenue, 2019-2024 ($M)
10.UK Road Safety Market Revenue, 2019-2024 ($M)
11.Germany Road Safety Market Revenue, 2019-2024 ($M)
12.France Road Safety Market Revenue, 2019-2024 ($M)
13.Italy Road Safety Market Revenue, 2019-2024 ($M)
14.Spain Road Safety Market Revenue, 2019-2024 ($M)
15.Rest of Europe Road Safety Market Revenue, 2019-2024 ($M)
16.China Road Safety Market Revenue, 2019-2024 ($M)
17.India Road Safety Market Revenue, 2019-2024 ($M)
18.Japan Road Safety Market Revenue, 2019-2024 ($M)
19.South Korea Road Safety Market Revenue, 2019-2024 ($M)
20.South Africa Road Safety Market Revenue, 2019-2024 ($M)
21.North America Road Safety By Application
22.South America Road Safety By Application
23.Europe Road Safety By Application
24.APAC Road Safety By Application
25.MENA Road Safety By Application
26.Jenoptik, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Kapsch Trafficcom, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sensys Gatso Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Redflex Holdings, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.American Traffic Solutions, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Idemia, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Flir Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.MotoRoLA Solutions, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Swarco, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Information Engineers Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Cubic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Siemens, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Thales, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Conduent, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Vitronic, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Traffic Management Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Aabmatica, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Clearview Intelligence, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Dahua Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.Trifoil, Sales /Revenue, 2015-2018 ($Mn/$Bn)
46.Kria, Sales /Revenue, 2015-2018 ($Mn/$Bn)
47.Laser Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
48.Optotraffic, Sales /Revenue, 2015-2018 ($Mn/$Bn)
49.Syntell, Sales /Revenue, 2015-2018 ($Mn/$Bn)
50.Truvelo, Sales /Revenue, 2015-2018 ($Mn/$Bn)