Global Road Safety Market Size is estimated to expand rapidly in coming years, at a CAGR of 10.25 % from 2018 to 2025. In 2017, the global market valuation was USD 4.85 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Road safety refers to the methods and techniques used to prevent road users from being killed or seriously injured. Increasing population, high demographic rates, and an increasing number of road accidents are some of the key points behind the market growth of road safety. Governments and private organizations are putting initiatives to enhance road safety and reduce the rate of fatal accidents. Geographically, North America is expected to be the highest growing region in the global market of road safety.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global road safety market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global road safety market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Component Insights: On the basis of the component device, global road safety market has been segmented into solution and services. The service segment is expected to be the highest growing segment in the global market of road safety. Road safety services are widely accepted in the global market due to the increasing adoption of road safety solutions.

By Solution Type Insights: On the basis of solution type, global road safety market has been segmented into red light, speed, bus lane, section enforcement, ALPR/ANPR, & incident detection & response. Among which enforcement segment solution is expected to be the highest growing segment in the global market of road safety. Road safety enforcement segment allow polices and other authorities to enforce traffic laws and surveillance to improve road safety and increase public safety.

By Services Insights: On the basis of services device, global road safety market has been segmented into consulting & training, system integration & deployment, support & maintenance. Among which managed services segment is expected to be the highest growing segment due to enhancement in customer experience.

Regional Analysis

The road safety market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in upcoming time span due to enhanced technology adoption, infrastructure development, and a high number of cars & bike drivers in the region. Technical advancements and government’s initiatives for enhanced road safety products is also one of the reason behind market uplifting. Asia Pacific region is expected to witness high growth in the market in the forecast period. The global market in Asia Pacific region is expected to grow at a higher rate due to high demand of road safety solutions and services in the emerging economies such as China, India, and Japan. Europe is anticipated to dominate the global road safety market over the projected period majorly owing to high consumer awareness, the government’s highly cost-effective business strategies to solve the problems such as traffic congestion and road accidents.

Global Road Safety Market Size, Share Analysis by Region 2017

Global Road Safety Market Study Objective

1. To forecast the market size of road safety market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of road safety market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of road safety market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of road safety market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the road safety market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Kapsch TrafficCom, Sensys Gatso Group, Redflex Holdings, Verra Mobility, IDEMIA, FLIR Systems, Motorola Solutions, SWARCO, Information Engineering Group, Cubic Corporation, Siemens, Conduent, VITRONIC, Kria, Laser Technology, Optotraffic, Syntell, Traffic Management Technologies Ltd., AABMATICA, Clearview Intelligence, Dahua Technology, Truvelo, and Trifoil are some of the key players in the market of road safety.

Global Road Safety Market Study Report Offer You!

The global road safety market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.