1. Market Research
  2. > Automotive
  3. > Road Safety Market Trends

Road Safety Market by Solution (Red Light Enforcement, Speed Enforcement, Incident Detection System, Bus Lane Compliance, and Automatic License Plate Recognition), Service (Consulting & System Integration and Risk Assessment) - Global Forecast to 2021

  • November 2016
  • 117 pages
  • MarketsandMarkets
Report ID: 3512042


Table of Contents

Search Inside

“Road safety market is expected to grow at a CAGR of 9.3% from 2016 to 2021”

The road safety market size is estimated to grow from USD 2.60 billion in 2016 to USD 4.06 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.3%. Increase in mobility and the associated demands on transportation systems, strict government regulations for road safety, and increase in road accidents/fatality rate are driving the road safety market. However, lack of awareness and engineering challenges are some of the restraints for the growth of the market.

“Automatic license plate recognition is expected to be the fastest growing solution in road safety”

Automatic license plate recognition plays a key role in the planning and control of modern cities and can be deployed for a variety of applications. The system is easy to install with functions such as video cameras, speed calculation, and alarms to detect a particular vehicle.

“Red light enforcement is expected to be the largest contributor in the road safety solutions market”

Red light enforcement is one of the most important safety control systems in traffic management. This system is easy and cost-efficient, compared to other safety devices. Also, with the advent of smart cities and safety initiatives governments tend to extensively install red light enforcement solutions.

“North America is expected to have the largest market size and Asia-Pacific (APAC) projected to grow at the highest CAGR”

North America is expected to hold the largest share of the road safety market owing to early adoption of technology and the presence of large number of solution providers. However, the APAC region is projected to grow at the fastest pace as it has undergone tremendous economic growth, political transformation, social changes, and active government initiatives. Countries such as India, China, Philippines, and Australia have embarked upon ambitious and important initiatives to enhance the strategic planning, agency capability, and evaluation of road safety projects.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people.

The break-up of profile of primary participants is as follows:
- By Company: Tier 1: 55 %, Tier 2: 20%, and Tier 3: 25%
- By Designation: C level: 60%, Director level: 25%, Others: 15%
- By Region: North America: 10%, Europe: 20%, APAC: 40%, Rest of the World (RoW): 30%

The road safety market report segments the market on the basis of components and regions. The report also contains the profiling and competitive landscape of the major technology vendors. Some of the major technology vendors include Jenoptik AG, Kapsch TrafficCom AG, Sensys Gatso Group AB, Redflex Holdings Limited, American Traffic Solutions, Inc., 3M, FLIR Systems, Inc., Motorola Solutions, SWARCO AG, and Information Engineering Group Inc.

Research Coverage:
The report provides a picture on road safety market across different regions. It aims at estimating the market size and future growth potential of this market across different segments such as solution, service, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market analysis of top players, value chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the road safety market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on road safety offered by the top players in the global road safety market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the road safety market
- Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for road safety across regions
- Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global road safety market
- Competitive Assessment: In-depth assessment of strategies, products, and service offerings of the leading players in the global road safety market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:


The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Traffic Safety Equipment Market 2017-2021

  • $ 3500
  • Industry report
  • April 2017
  • by Infiniti Research Limited

About Traffic Safety Equipment Traffic safety equipment plays a crucial role in road safety management. It is essential to maintain safety on the roads for pedestrians, as well as drivers. Increasing accidents ...

Global LED Traffic Signs and Signals Market 2017-2021

  • $ 3500
  • Industry report
  • August 2017
  • by Infiniti Research Limited

About LED Traffic Signs and Signals Traffic signs and signals are a vital component for road safety management. They are used to maintain safety on road for pedestrians as well as drivers. They are usually ...

Global Crash Barrier Systems Market 2017-2021

  • $ 3500
  • Industry report
  • January 2017
  • by Infiniti Research Limited

About Crash Barrier Systems Crash barrier system is one of the important elements of road safety management and is used to maintain safety on road for pedestrians as well as drivers. Increasing accidents ...


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.