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Mar, 04 2022

Global Road Safety Market is Expected to Grow at 10.1% in the Forecast Period of 2021 to 2028

Global Road Safety Market is forecasted to grow at 10.1% with factor such as increasing number of government initiatives to prevent road accidents.

Road safety market has shown an exceptional penetration in countries such as China, U.S. and Germany. Increasing growth in connected cars and advanced technologies such as IoT is boosting the growth in developed countries. In developing countries, high number of road accidents is increasing the demand for road safety products.

Road safety Market Scenario

According to Data Bridge Market Research, the market for road safety in North America region has the highest market share followed by Europe and Asia-Pacific. Market leader is Dahua Technology Co., Ltd which accounts an estimated market share of approximately 6% to 13% in the North America region. The company has gained outstanding sales through their road safety products which include Red Light Enforcement, Speeding Detection, Bus Lane Enforcement, Parking Violations, Real Time Traffic Status Display, and Traffic Signal Control.

Road Safety Market

Trends Impacting the Market

Now the question is which other regions Dahua Technology Co., Ltd, SWARCO, and Conduent, Inc. are targeting? Data Bridge Market Research has estimated a large growth in North America road safety market and the market leaders targeting U.S, Canada and Mexico to be their next revenue pockets for 2021.

The road safety market is becoming more competitive every year with companies such Dahua Technology Co., Ltd, SWARCO and Conduent, Inc.  as they are the market leaders for road safety market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the Road safety market.                                                                                                

For more analysis on the road safety market request for a briefing with our analysts

Road safety Market Development in 2020

  • In August 2020, Conduent, Inc. was awarded with a contract by the City of Santa Monica, California. As per the contract the company provided with curbside management systems and intelligent parking systems. The new contract increased the sales of the company.

Scope of the Road safety Market

Global road safety market is segmented on the basis of countries into the U.S., Canada and Mexico, the Germany, France, Russia, U.K., Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Sweden, Finland, Turkey, Norway and Rest of Europe, China, Japan, India, South Korea, Australia, Indonesia, Singapore, Thailand, Malaysia, Philippines and Rest of Asia-Pacific, Brazil, Argentina, Uruguay, Chile and Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and Rest of Middle East.

  • All country based analysis of road safety market is further analyzed based on further segmentation. On the basis of component, the market has been segmented into solutions, and services. On the basis of technology, the market has been segmented into surveillance, sensors-based devices, radar, and analytics. On the basis of road type, themarket has been segmented into cities, highways, rural roads, and others.

To know more about the study

Key Pointers Covered in Road Safety Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Sensys Gatso Group AB
  • Syntell (Pty) Ltd (A subsidiary of Hosken Consolidated Investments)
  • Kapsch TrafficCom AG
  • Redflex Holdings
  • FLIR Systems, Inc.
  • Cubic Corporation
  • VITRONIC Dr.-Ing. Stein Bildverarbeitungssysteme GmbH
  • Truvelo Ltd
  • Optotraffic, LLC
  • Laser Technology, Inc.
  • Motorola Solutions, Inc.
  • Verra Mobility
  • Siemens
  • Dahua Technology Co., Ltd
  • Clearview Intelligence Ltd
  • Conduent, Inc.
  • Tattile S.r.l.
  • Traffic Logix

Above are the key players covered in the report, to know about more and exhaustive list of road safety companies’, contact us

Research Methodology: Global Road Safety Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product Managers, Financial Institutions, Road safety Consultants
  • Supply Side: Service Providers, Product Managers, Product Designer, Marketing Managers, C-Level Executives, Market Intelligence, and Regulatory Affairs Managers among others.

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