Global Road Safety Market to 2032

Q: What is the current market size of the Global Road Safety Market?

Global Road Safety Market was valued at USD 5.62 (Revenue in USD Billion) in 2020.

Overview

The Global Road Safety Market is expected to reach a 12.56 USD Billion by 2032 and is projected to grow at a CAGR of 10.12% from 2025 to 2032.

Revenue, 2024 (USD Billion)

5.62

Forecast, 2032 (USD Billion)

12.56

CAGR, 2024 - 2032

10.12%

Report Coverage

Global

Global Road Safety Market 2018-2032 USD Billion

Global Road Safety Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 5.62 USD Billion
Projected Market Size (2032): 12.56 USD Billion
CAGR (2025-2032): 10.12%

Key Findings of Global Road Safety Market

The Global Road Safety Market was valued at 12.56 USD Billion in 2024.
The Global Road Safety Market is likely to grow at a CAGR of 10.12% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Solutions in Component Segment accounted for the largest share of the market with a revenue of 3.61 USD Billion
The fastest growing segment Cities in Road Type Segment grew Fastest with a CAGR of 10.52% during the forecast period from 2024 to 2032.

Global Road Safety Market Scope

Global Road Safety Market Segmentation & Scope

Road Type

Others
Rural Roads
Highways
Cities

Technology

Analytics
Radar
Sensors-Based Devices
Surveillance

Component

Services
Solutions

Global Road Safety Market Data Coverage Insights

Study Period	2024-2032
Base Year	2020
Unit	Revenue in USD Billion
Market Value in 2024	5.62 USD Billion
Market Value in 2032	12.56 USD Billion
CAGR (2025-2032)	10.12%
Historic Data	2016-2023
Market Segments Covered	Road Type,Technology,Component

Regional Insights:

Leading Market (2024-2032): Global, leading in terms of revenue 5.62 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 1,297.13 USD Million in 2024.

Segments and Scope

Global Road Safety Market to 2032, By Road Type
- Cities is the largest segment in Global Road Safety Market to 2032 with a revenue of 2.54 USD Billion in the year 2024.
- Cities is the Fastest growing segment in Global Road Safety Market to 2032 with a Growth rate of 10.52 % in forecast period 2025-2032.
Global Road Safety Market to 2032, By Technology
- Surveillance is the largest segment in Global Road Safety Market to 2032 with a revenue of 2.35 USD Billion in the year 2024.
- Surveillance is the Fastest growing segment in Global Road Safety Market to 2032 with a Growth rate of 10.41 % in forecast period 2025-2032.
Global Road Safety Market to 2032, By Component
- Solutions is the largest segment in Global Road Safety Market to 2032 with a revenue of 3.61 USD Billion in the year 2024.
- Solutions is the Fastest growing segment in Global Road Safety Market to 2032 with a Growth rate of 10.33 % in forecast period 2025-2032.

Global Road Safety Market Company Share Analysis

Company Name
Motorola Solutions, Inc.
Siemens
Conduent, Inc.
Jenoptik AG
Kapsch TrafficCom AG

Global Road Safety Market Geographical Sales Distribution, 2018-2032 USD Billion

Global Road Safety Market Company Profiling

Industry Related Reports

Global Torque Limiter Market

Frequently Asked Questions

What are the primary segments covered in the Global Road Safety Market?

The Global Road Safety Market is segmented based on Segmentation Road Type,Technology,Component.

What is the current market size of the Global Road Safety Market?

Global Road Safety Market was valued at USD 5.62(Revenue in USD Billion) in 2020.

What is the expected growth rate of the Global Road Safety Market?

Global Road Safety Market is projected to grow at a CAGR of 10.12% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Global Road Safety Market?

The Solutions segment is expected to dominate the Global Road Safety Market, holding a largest market share of 3.61 USD Billion in 2024