Road Safety Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

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.

REGIONAL FRAMEWORK

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.

Road Safety Market Report Analysis

Road Safety Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Conduent Business Services, LLC
• Cubic Corporation
• Dahua Technology Co., Ltd
• Jenoptik
• Kapsch Trafficcom
• Redflex Holdings
• Sensys Gatso Group AB
• Siemens
• SWARCO

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Solution

• Enforcement Solution
• Automatic License Plate Recognition/Automatic Number Plate Recognition
• Incident Detection and Response

By Service

• Professional Services
• Managed Services

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.

Road Safety Market Report Scope