Road Safety Market

Road Safety Market was valued at USD 3.9 billion in 2022 and is forecast to touch USD 8.0 billion in 2030, and the market is expected to grow at a CAGR of 9.4% from 2023-2030.

To have an edge over the competition by knowing the market dynamics and current trends of “Road Safety Market” request for Sample Report here

Road safety basically refers to the safety for the mass of people while travelling towards their destined place. The motive is to build concrete strategy to restrict number of road accidents or to reduce the impact after the scenario of crash. Typical road users include pedestrians, cyclists, motorists, vehicle passengers etc. who are frequently using roads to reach towards their destination in their daily life.

Major Road Safety Market Drivers

The global road safety being emerged as one of the basic needs of the common people. The growth in global road safety market owes to the rapid growth in the urbanization, demand of convenient mobility solution for transportation system, government concerns for the road safety. In addition, to improve the life balance of the common people in order to increase in their productive time propels the growth of road safety market. Nowadays, need for safety concern kept at priority level in the therefore technological integration to reduce. Some of the restraining factors includes the high initial investment to improve road safety solution along with the problems associated with the removal of old infrastructural facility instead of new ones.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Top Market Players

Various notable players operating in the market, includes Conduent, Kapsch AG, Flir Systems, Thales, Tyco, Huawei, Raad Data Communication, Siemens, Parsons, Lacorix, Iteris, Cubic Corporation etc.

Segments covered in the Report:

The Global Road Safety Market has been segmented on the basis of Components, Application, Services and key geographies. Based on components, the market comprises of Hardware, Software and Services. The research report “Global Road Safety Market” provides in-depth analysis of global road safety market based on components, application, services and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global road safety market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

For detailed scope of the “Road Safety Market” report request a Sample Copy of the report

Key questions answered in this research report:

• •  At what pace is road safety market growing? What will be growth trend in future?
  •  What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  •  What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global road safety market?
  •  What are the various application areas and how they are poised to grow?

Market Segmentation

Global Road Safety Market by components

• • Hardware
  • Software
  • Services

Global Road Safety Market by Application

• • Traffic Control
  • Road Infrastructure Solution
  • Technological Solution

Global Road Safety Market by Services

• • Training
  • Consulting & Training
  • System Integration & Deployment
  • Support & Maintenance

Global Road Safety Market by Region

• • North America Global Road Safety Market (Option 1: As a part of the free 25% customization)
    • By Components
    • By Application
    • By Services
    • US Market All-Up
    • Canada Market All-Up
  • Europe Global Road Safety Market (Option 2: As a part of the free 25% customization)
    • By Components
    • By Application
    • By Services
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Global Road Safety Market (Option 3: As a part of the free 25% customization)
    • By Components
    • By Application
    • By Services
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Global Road Safety Market (Option 4: As a part of the free 25% customization)
    • By Components
    • By Application
    • By Services
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Road Safety Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Kapsch AG
  • Flir Systems
  • Thales,
  • Raad Data Communication
  • Siemens
  • Parsons
  • Lacorix
  • Iteris
  • Cubic Corporation
  • Conduent