- Road safety systems are essential technologies deployed to reduce traffic collisions and enhance transportation infrastructure, incorporating tools like red light enforcement, speed enforcement, and automatic license plate recognition systems
- The demand for road safety solutions is significantly driven by the increasing number of road accidents, growing urbanization, and government mandates for public safety and vehicle monitoring
- North America is expected to dominate the global road safety market, holding a market share of 38.7% in 2024. This dominance is attributed to robust investments in intelligent transportation systems, increasing adoption of advanced traffic management solutions, and strict government regulations aimed at reducing road fatalities
- Asia-Pacific is expected to be the fastest-growing region in the road safety market during the forecast period, driven by rapid urbanization, government smart city initiatives, and increasing investment in road infrastructure and surveillance technologies.
- The red light enforcement segment is expected to dominate the market, with 9.3% share due to its proven impact in reducing intersection-related collisions and widespread adoption by municipal and regional authorities
