The global road safety market is expected to witness a significant growth rate of 8.9% during the forecast period. Rising fatalities owing to the increasing road accidents is one of the solutions factors which is encouraging the government to adopt road safety solutions. As per the World Health Organization (WHO), road accident is the top-most cause of fatality among youngster globally. Globally, around 1.3 million fatalities were registered due to road accidents in 2016.
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Rapid motorization in the cities due to rising urban population density is also one of the factors for the growth of the road safety industry. Governments are opting for new public transportation methods under smart city projects for safe and secure mobility which is creating a significant demand for management and safety solutions, therefore, driving the growth of the global road safety market.
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Market Segmentation
Road Safety Market by Solution
Enforcement Solution
• Red-Light Safety
• Speed Detection and Enforcement System
• Others
License Plate Detection
Incident Detection and Response
Other solution (Traffic flow monitoring, Railroad Crossing Safety)
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• 3M Co.
• AABMATICA Technologies Pvt. Ltd.
• Alcatel-Lucent S.A.
• Brisk Synergies
• Clearview Traffic Group Ltd.
• Conduent Inc.
• Cubic Corp.
• FLIR Systems Inc.
• Idemia France SAS
• Information Engineering Group Inc.
• Jenoptik AG
• Johnson Controls International plc
• Kapsch AG
• Laser Technology Inc.
• Motorola Solutions, Inc.
• Optotraffic, LLC
• Rad Data Communication
• Sensys Gatso Group AB
• Siemens AG
• Swarco AG
• Syntell (Pty) Ltd.
• Thales Group
• Trifoil LLC
• Truvelo Ltd.
• Verra Mobility
• VITRONIC GmbH
• Zhejiang Dahua Technology Co., Ltd.
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