South Korea Road Safety Market to 2032
Overview
The South Korea Road Safety Market is expected to reach a 399.39 USD Million by 2032 and is projected to grow at a CAGR of 16.51% from 2025 to 2032.
Revenue, 2024 (USD Million)
177.47
Forecast, 2032 (USD Million)
399.39
CAGR, 2024 - 2032
16.51%
Report Coverage
South Korea
South Korea Road Safety Market 2018-2032 USD Million
South Korea Road Safety Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 177.47 USD Million
- Projected Market Size (2032): 399.39 USD Million
- CAGR (2025-2032): 16.51%
Key Findings of South Korea Road Safety Market
- The South Korea Road Safety Market was valued at 177.47 USD Million in 2024.
- The South Korea Road Safety Market is likely to grow at a CAGR of 16.51% 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 113.81 USD Million
- The fastest growing segment Surveillance in Technology Segment grew Fastest with a CAGR of 17.18% during the forecast period from 2024 to 2032.
South Korea Road Safety Market Scope
South Korea Road Safety Market Segmentation & Scope
Road Type
- Others
- Rural Roads
- Highways
- Cities
Technology
- Analytics
- Radar
- Sensors-Based Devices
- Surveillance
Component
- Services
- Solutions
South Korea Road Safety Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 177.47 USD Million |
| Market Value in 2032 | 399.39 USD Million |
| CAGR (2025-2032) | 16.51% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Road Type,Technology,Component |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 177.47 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 177.47 USD Million in 2024.
Segments and Scope
-
South Korea Road Safety Market to 2032, By Road Type
- Cities is the largest segment in South Korea Road Safety Market to 2032 with a revenue of 80.65 USD Million in the year 2024.
- Cities is the Fastest growing segment in South Korea Road Safety Market to 2032 with a Growth rate of 17.16 % in forecast period 2025-2032.
-
South Korea Road Safety Market to 2032, By Technology
- Surveillance is the largest segment in South Korea Road Safety Market to 2032 with a revenue of 70.24 USD Million in the year 2024.
- Surveillance is the Fastest growing segment in South Korea Road Safety Market to 2032 with a Growth rate of 17.18 % in forecast period 2025-2032.
-
South Korea Road Safety Market to 2032, By Component
- Solutions is the largest segment in South Korea Road Safety Market to 2032 with a revenue of 113.81 USD Million in the year 2024.
- Solutions is the Fastest growing segment in South Korea Road Safety Market to 2032 with a Growth rate of 16.82 % in forecast period 2025-2032.
South Korea Road Safety Market Company Share Analysis
| Company Name |
|
||
| Motorola Solutions, Inc. | |||
| Siemens | |||
| Conduent, Inc. | |||
| Jenoptik AG | |||
| Kapsch TrafficCom AG | |||
South Korea Road Safety Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Road Safety Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Road Safety Market is segmented based on Segmentation Road Type,Technology,Component.
South Korea Road Safety Market was valued at USD 177.47(Revenue in USD Million) in 2020.
South Korea Road Safety Market is projected to grow at a CAGR of 16.51% during the forecast period of 2024 to 2032.
The Solutions segment is expected to dominate the South Korea Road Safety Market, holding a largest market share of 113.81 USD Million in 2024
South Korea Road Safety Market Scope
South Korea Road Safety Market Segmentation & Scope
Road Type
- Others
- Rural Roads
- Highways
- Cities
Technology
- Analytics
- Radar
- Sensors-Based Devices
- Surveillance
Component
- Services
- Solutions
Frequently Asked Questions
The South Korea Road Safety Market is segmented based on Segmentation Road Type,Technology,Component.
South Korea Road Safety Market was valued at USD 177.47(Revenue in USD Million) in 2020.
South Korea Road Safety Market is projected to grow at a CAGR of 16.51% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Road Safety Market for final year is USD 399.39 (USD Million).
South Korea Road Safety Market Company Profiling
Frequently Asked Questions
The South Korea Road Safety Market is segmented based on Segmentation Road Type,Technology,Component.
South Korea Road Safety Market was valued at USD 177.47(Revenue in USD Million) in 2020.
South Korea Road Safety Market is projected to grow at a CAGR of 16.51% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Road Safety Market for final year is USD 399.39 (USD Million).
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