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Road Safety Market Share

Report ID: GMI6834
Published Date: Jul 2024
Report Format: PDF

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Road Safety Market Share

Jenoptik, Kapsch TrafficCom and Verra Mobility are prominent players in the road safety industry. Companies in the road safety industry leverage advanced technologies such as AI, IoT, and data analytics for real-time traffic monitoring and automated incident detection. They offer comprehensive traffic management systems, public safety communication tools, and smart city solutions, focusing on reducing traffic violations and improving urban safety. With a global reach and strong partnerships, they ensure regulatory compliance and product diversification. Continuous innovation and robust customer support are pivotal, in enhancing road safety through accurate sensors, sophisticated software, and thorough client training programs.

Road Safety Market Companies

Major players operating in the road safety industry are:

Conduent, Inc.
Cubic Corporation
FLIR Systems, Inc.
IDEMIA
Jenoptik
Kapsch TrafficCom
Motorola Solutions, Inc.
Sensys Gatso Group AB
Siemens AG
Verra Mobility

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of road safety reached USD 4.9 billion in 2023 and is set to register a CAGR of over 9% between 2024 and 2032, led by the growing number of vehicles, increased focus on public safety, urbanization, and infrastructure development.

The road safety solutions segment accounted for a market share of over 78% in 2023, backed by the integration of advanced technologies such as AI, IoT, and big data analytics in these solutions that has significantly improved their effectiveness.

Europe dominated the market with around 36% of the market share in 2023, favored by the integration of advanced technologies such as intelligent transportation systems, autonomous vehicles, and sophisticated traffic management solutions, along with stringent road safety regulations by the European governments.

Conduent, Inc., Cubic Corporation, FLIR Systems, Inc., IDEMIA, Jenoptik, Kapsch TrafficCom, Motorola Solutions, Inc., Sensys Gatso Group AB, Siemens AG, and Verra Mobility among others.