Road Safety Market 2021 Segmentation and Analysis by Recent Trends, Development and Growth by Trending Regions by 2030

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Global Road Safety Market is valued approximately USD 2.7 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2019-2026. Road safety involves products and services that are being introduced in market to reduce risk of accidents, maintain traffic discipline, control and curb wayward vehicle movement and ensure safe travel of commuters. Several technologies have been used in order to implement more security for highways and bridges, urban roads and tunnels. These technological systems, services and solutions include speed limit enforcement, red light enforcement, bus lane enforcement, incident detection and access control.

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 Constant need of road safety for commuters, reducing traffic and congestion on the road, new infrastructure development and longer commuting and many more are driven to boost the overall road safety market. Factors such as rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety, increase the growth of road safety market over the forecasted period of 2019-2026.

In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The regional analysis of global Road Safety market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing adoption of smart and automated technologies. Factors such as disposable income, sustainable and well-established economies, which invest increasingly in the road safety enhancement, would create lucrative growth prospects for the Road Safety market across North American region. 

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Major market player included in this report are:

Jenoptik
Kapsch Traffic Com
Sensys Gatso Group
Redflex Holdings
IDEMIA
Verra Mobility
SWARCO
FLIR Systems
Motorola Solutions
Siemens

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below: 

By Component:
Solutions
Services 

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026

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Target Audience of the Global Voice Analytics in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1.Executive Summary
1.1.Market Snapshot
1.2.Key Trends
1.3.Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Billion)
1.3.1.Road Safety Market, by Component, 2016-2026 (USD Billion)
1.3.2.Road Safety Market, by Measurement Technology, 2016-2026 (USD Billion)
1.3.3.Road Safety Market, by Number of Paths, 2016-2026 (USD Billion)
1.3.4.Road Safety Market, by End User, 2016-2026 (USD Billion)
1.3.5.Road Safety Market, by Region, 2016-2026 (USD Billion)
1.4.Estimation Methodology
1.5.Research Assumption
Chapter 2.Global Road Safety Market Definition and Scope
2.1.Objective of the Study
2.2.Market Definition & Scope
2.2.1.Industry Evolution
2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates
Chapter 3.Global Road Safety Market Dynamics
3.1.See Saw Analysis
3.1.1.Market Drivers
3.1.2.Market Challenges
3.1.3.Market Opportunities
Chapter 4.Global Road Safety MarketIndustry Analysis
4.1.Porter's 5 Force Model
4.1.1.Bargaining Power of Buyers
4.1.2.Bargaining Power of Suppliers
4.1.3.Threat of New Entrants
4.1.4.Threat of Substitutes
4.1.5.Competitive Rivalry
4.1.6.Futuristic Approach to Porter's 5 Force Model
4.2.PEST Analysis
4.2.1.Political Scenario
4.2.2.Economic Scenario
4.2.3.Social Scenario
4.2.4.Technological Scenario
4.3.Key Buying Criteria (On Demand)
4.4.Regulatory Framework (On Demand)
4.5.Investment Vs Adoption Scenario (On Demand)
4.6.Analyst Recommendation & Conclusion
Chapter 5.Global Road Safety Market, by Component
5.1.Market Snapshot
5.2.Market Performance - Potential Model
5.3.Road Safety Market, Sub Segment Analysis
5.3.1.Solutions
5.3.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
5.3.1.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.3.1.3.Market sub segment
5.3.1.3.1.Enforcement Solution
5.3.1.3.2.Automatic License Plate Recognition/Automatic Number Plate Recognition
5.3.1.3.3.Incident Detection and Response
5.3.1.3.4.Others
5.3.2.Services
5.3.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
5.3.2.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.3.2.3.Market sub segments
5.3.2.3.1.Professional Services
5.3.2.3.2.Managed Services
Chapter 6.Global Road Safety Market, by Regional Analysis
6.1.Road Safety Market, Regional Market Snapshot (2016-2026)
6.2.North America Road Safety Market Snapshot

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