Road Safety Market Scope and Size by 2031
The increasing volume of traffic and stringent government regulations has positively impacted the road safety market. The increasing urban population, government regulations regarding road safety, and growing concerns towards public safety are the major factors that are driving the road safety market. The road safety market is highly competitive due to the presence of a large number of players operating in the market.
MARKET DYNAMICS
An increasing number of accidents, rapid motorization, and government initiatives for improving road safety are the major factors that are expected to drive the growth of road safety market. However, lack of standardized regulation regarding traffic control in different regions is a major factor that might hinder the growth of road safety market. The players operating in the market are focusing on providing highly advanced solutions with the integration of new technologies to gain a strong customer base and gain a strong market position.
MARKET SCOPE
The "Global Road safety Market Analysis to 2031" is a specialized and in-depth study of the road safety industry with a special focus on the global market trend analysis. The report aims to provide an overview of road safety market with detailed market segmentation by solution, service and geography. The global road safety market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading road safety market players and offers key trends and opportunities in the road safety market.
MARKET SEGMENTATION
The global road safety market is segmented on the basis of solution and service. Based on solution, the market is segmented as enforcement solution, automatic license plate recognition/automatic number plate recognition, incident detection and response, others. On the basis of services the market is segmented as professional services, managed services.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global road safety market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The road safety market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting road safety market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the road safety market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global road safety market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The road safety market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting road safety market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the road safety market in these regions.
MARKET PLAYERS
The reports cover key developments in the road safety market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from road safety market are anticipated to lucrative growth opportunities in the future with the rising demand for road safety in the global market. Below mentioned is the list of few companies engaged in the road safety market.
The report also includes the profiles of key road safety companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Conduent Business Services, LLC
- Cubic Corporation
- Dahua Technology Co., Ltd
- Jenoptik
- Kapsch Trafficcom
- Redflex Holdings
- Sensys Gatso Group AB
- Siemens
- SWARCO
- Verra Mobility
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Road Safety Market - By Solution
1.3.2 Road Safety Market - By Service
1.3.3 Road Safety Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ROAD SAFETY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ROAD SAFETY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ROAD SAFETY MARKET - GLOBAL MARKET ANALYSIS
6.1. ROAD SAFETY - GLOBAL MARKET OVERVIEW
6.2. ROAD SAFETY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ROAD SAFETY MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTION
7.1. OVERVIEW
7.2. SOLUTION MARKET FORECASTS AND ANALYSIS
7.3. ENFORCEMENT SOLUTION
7.3.1. Overview
7.3.2. Enforcement Solution Market Forecast and Analysis
7.4. AUTOMATIC LICENSE PLATE RECOGNITION/AUTOMATIC NUMBER PLATE RECOGNITION
7.4.1. Overview
7.4.2. Automatic License Plate Recognition/Automatic Number Plate Recognition Market Forecast and Analysis
7.5. INCIDENT DETECTION AND RESPONSE
7.5.1. Overview
7.5.2. Incident Detection and Response Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ROAD SAFETY MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
8.1. OVERVIEW
8.2. SERVICE MARKET FORECASTS AND ANALYSIS
8.3. PROFESSIONAL SERVICES
8.3.1. Overview
8.3.2. Professional Services Market Forecast and Analysis
8.4. MANAGED SERVICES
8.4.1. Overview
8.4.2. Managed Services Market Forecast and Analysis
9. ROAD SAFETY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Road Safety Market Overview
9.1.2 North America Road Safety Market Forecasts and Analysis
9.1.3 North America Road Safety Market Forecasts and Analysis - By Solution
9.1.4 North America Road Safety Market Forecasts and Analysis - By Service
9.1.5 North America Road Safety Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Road Safety Market
9.1.5.1.1 Canada Road Safety Market by Solution
9.1.5.1.2 Canada Road Safety Market by Service
9.1.5.2 Mexico Road Safety Market
9.1.5.2.1 Mexico Road Safety Market by Solution
9.1.5.2.2 Mexico Road Safety Market by Service
9.1.5.3 US Road Safety Market
9.1.5.3.1 US Road Safety Market by Solution
9.1.5.3.2 US Road Safety Market by Service
9.2. EUROPE
9.2.1 Europe Road Safety Market Overview
9.2.2 Europe Road Safety Market Forecasts and Analysis
9.2.3 Europe Road Safety Market Forecasts and Analysis - By Solution
9.2.4 Europe Road Safety Market Forecasts and Analysis - By Service
9.2.5 Europe Road Safety Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Road Safety Market
9.2.5.1.1 Germany Road Safety Market by Solution
9.2.5.1.2 Germany Road Safety Market by Service
9.2.5.2 France Road Safety Market
9.2.5.2.1 France Road Safety Market by Solution
9.2.5.2.2 France Road Safety Market by Service
9.2.5.3 Italy Road Safety Market
9.2.5.3.1 Italy Road Safety Market by Solution
9.2.5.3.2 Italy Road Safety Market by Service
9.2.5.4 United Kingdom Road Safety Market
9.2.5.4.1 United Kingdom Road Safety Market by Solution
9.2.5.4.2 United Kingdom Road Safety Market by Service
9.2.5.5 Russia Road Safety Market
9.2.5.5.1 Russia Road Safety Market by Solution
9.2.5.5.2 Russia Road Safety Market by Service
9.2.5.6 Rest of Europe Road Safety Market
9.2.5.6.1 Rest of Europe Road Safety Market by Solution
9.2.5.6.2 Rest of Europe Road Safety Market by Service
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Road Safety Market Overview
9.3.2 Asia-Pacific Road Safety Market Forecasts and Analysis
9.3.3 Asia-Pacific Road Safety Market Forecasts and Analysis - By Solution
9.3.4 Asia-Pacific Road Safety Market Forecasts and Analysis - By Service
9.3.5 Asia-Pacific Road Safety Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Road Safety Market
9.3.5.1.1 Australia Road Safety Market by Solution
9.3.5.1.2 Australia Road Safety Market by Service
9.3.5.2 China Road Safety Market
9.3.5.2.1 China Road Safety Market by Solution
9.3.5.2.2 China Road Safety Market by Service
9.3.5.3 India Road Safety Market
9.3.5.3.1 India Road Safety Market by Solution
9.3.5.3.2 India Road Safety Market by Service
9.3.5.4 Japan Road Safety Market
9.3.5.4.1 Japan Road Safety Market by Solution
9.3.5.4.2 Japan Road Safety Market by Service
9.3.5.5 South Korea Road Safety Market
9.3.5.5.1 South Korea Road Safety Market by Solution
9.3.5.5.2 South Korea Road Safety Market by Service
9.3.5.6 Rest of Asia-Pacific Road Safety Market
9.3.5.6.1 Rest of Asia-Pacific Road Safety Market by Solution
9.3.5.6.2 Rest of Asia-Pacific Road Safety Market by Service
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Road Safety Market Overview
9.4.2 Middle East and Africa Road Safety Market Forecasts and Analysis
9.4.3 Middle East and Africa Road Safety Market Forecasts and Analysis - By Solution
9.4.4 Middle East and Africa Road Safety Market Forecasts and Analysis - By Service
9.4.5 Middle East and Africa Road Safety Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Road Safety Market
9.4.5.1.1 South Africa Road Safety Market by Solution
9.4.5.1.2 South Africa Road Safety Market by Service
9.4.5.2 Saudi Arabia Road Safety Market
9.4.5.2.1 Saudi Arabia Road Safety Market by Solution
9.4.5.2.2 Saudi Arabia Road Safety Market by Service
9.4.5.3 U.A.E Road Safety Market
9.4.5.3.1 U.A.E Road Safety Market by Solution
9.4.5.3.2 U.A.E Road Safety Market by Service
9.4.5.4 Rest of Middle East and Africa Road Safety Market
9.4.5.4.1 Rest of Middle East and Africa Road Safety Market by Solution
9.4.5.4.2 Rest of Middle East and Africa Road Safety Market by Service
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Road Safety Market Overview
9.5.2 South and Central America Road Safety Market Forecasts and Analysis
9.5.3 South and Central America Road Safety Market Forecasts and Analysis - By Solution
9.5.4 South and Central America Road Safety Market Forecasts and Analysis - By Service
9.5.5 South and Central America Road Safety Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Road Safety Market
9.5.5.1.1 Brazil Road Safety Market by Solution
9.5.5.1.2 Brazil Road Safety Market by Service
9.5.5.2 Argentina Road Safety Market
9.5.5.2.1 Argentina Road Safety Market by Solution
9.5.5.2.2 Argentina Road Safety Market by Service
9.5.5.3 Rest of South and Central America Road Safety Market
9.5.5.3.1 Rest of South and Central America Road Safety Market by Solution
9.5.5.3.2 Rest of South and Central America Road Safety Market by Service
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ROAD SAFETY MARKET, KEY COMPANY PROFILES
11.1. CONDUENT BUSINESS SERVICES, LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CUBIC CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DAHUA TECHNOLOGY CO., LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JENOPTIK
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KAPSCH TRAFFICCOM
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. REDFLEX HOLDINGS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SENSYS GATSO GROUP AB
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SIEMENS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SWARCO
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VERRA MOBILITY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Conduent Business Services, LLC2.Cubic Corporation3.Dahua Technology Co., Ltd4.Jenoptik5.Kapsch Trafficcom6.Redflex Holdings7.Sensys Gatso Group AB8.Siemens9.SWARCO10.Verra Mobility
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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