The global road
safety market foreseen to grow by 10.7% from USD 3.48 Billion in 2021 to USD 7.85
Billion in 2029. Enforcement to improve compliance with
governments, government initiatives for enhancing road safety, rising number of
vehicles are the factors driving the market for the
estimated forecast period. However, lack of standardized and uniform
technologies yet remain one factor restraint in the market growth for the
What is Road safety?
refers to the measures which must be. adopted by everyone while using roads.
These safety. methods are meant for reducing the risk of accidents. and
injuries or causalities on the road.
road safety market search study helps to thoroughly understand the
current trend in the market competitive analysis of the players in the emerging
market. Moreover, the DRO in the Road safety market offers valuable perspicuity
and a current scenario for making the right decision. The research study covers
the eminent players in the market with a detailed analysis of the company and a
financial overview containing their net sales, business mix and geographical
reach It mainly focuses on the key developments of the products/services
offered by the company in recent years. Besides, we at Zettabyte have the
expertise to analyses the global Road safety market player's competitive
landscape helping the client comprehend their specific strategic growth
market study by "Zettabyte Analytics" offers details about the market
scope, market segmentation, technological advancement in the Road safety market
and highlights the optimistic, competitive landscape and trends enduring over
Major players in
the Road safety market Jenoptik, Kapsch Trafficcom, Sensys Gatso Group, Verra
Mobility, Teledyne Flir, Motorola Solutions, Idemia, Swarco, Vitronic, Siemens,
Conduent, Cubic Corporation, Dahua Technology, Laser Technology, Traffic
Management Technologies, Trifoil, Kria, Syntell, Truvelo, Clearview
Intelligence, Simicon, Fred Engineering, Kodiak Robotics, Humanising Autonomy,
Vebits Ai, Connected Wise Llc, Saferoad, Liveroad Analytics
COVID-19 Impact on Global Road
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. The impact of COVID-19 on the Road safety market has
forced the companies to change their sourcing, pricing, and promotion
strategies. The road safety market players are seen focusing more on optimizing
the E-commerce networks with the rising innovations in the digital sector,
which are creating new business models for the automotive & transportation industry
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). The market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
dynamics, regulatory scenarios, major material dynamics and road safety market future
markets are analyzed to understand their impact on demand for the forecast
period. Growth rates have been estimated using correlation, regression and
For the purpose
of this report, the global road safety market segmented on the basis of solution,
services, and region.
On the basis of
Solution, the market is segmented into Red Light & Speed Enforcement,
Incident Detection & Response, ANPR/ALPR, Others.
Figure 1 - Road safety Market By Solution (Market
Size And Forecast By Value - USD Million, 2021 & 2029)
On the basis of
Services, the market is segmented into Professional Services, Managed Services.
Further, Professional Services is segmented into Consulting and training,
System integration and deployment, Support and maintenance.
Figure 2 - Services Outlook (Revenue, USD