The Road Safety Market was valued at USD 3.20 Billion in 2023 and is expected to reach USD 11.21 Billion by 2032, growing at a CAGR of 14.99% from 2024-2032.
The Road Safety Market is growing rapidly as governments, organizations, and technology providers focus on reducing road accidents, injuries, and fatalities. The rise in urbanization, increased vehicle ownership, and heightened awareness of road safety have made adopting advanced safety solutions essential worldwide. These technologies include traffic management systems, speed enforcement mechanisms, red-light cameras, and incident detection tools. Key factors driving this growth include technological advancements such as AI-driven traffic systems, enhancements in autonomous vehicle safety, and vehicle-to-everything (V2X) communication technologies. For instance, IoT-enabled traffic data collection systems are helping cities alleviate congestion and optimize emergency response. The adoption of smart city initiatives, especially in highly urbanized regions like Asia-Pacific, is further fueling investments in modern road safety infrastructure.
Get PDF Sample Report on Road Safety Market - Request Sample Report
The pressing need for improved infrastructure plays a pivotal role. As per WHO, about 1.3 million people die yearly due to road accidents, with millions suffering injuries. This alarming scenario has led to stricter regulations and the deployment of advanced safety systems. For example, the United States' "Vision Zero" initiative aims to eradicate traffic fatalities, prompting the adoption of innovative safety measures. Recent statistics highlight the market's evolution. In 2024, over 60% of global road safety deployments featured AI and machine learning, underlining a shift toward intelligent systems. Europe also witnessed a 25% annual rise in automated speed enforcement solutions, significantly curbing accidents in high-risk zones.
Emerging economies are contributing to market expansion as governments in regions like the Middle East and Africa invest in state-of-the-art surveillance and enforcement systems to address increasing traffic issues.
Looking ahead, the integration of technologies such as 5G, AI, and connected vehicle systems will continue to revolutionize road safety. As awareness of road safety grows globally and technological innovations advance, the market is set to play a vital role in creating safer road environments across the world.
Drivers
Integration of AI, IoT, and V2X communication to enable real-time traffic management and predictive analytics.
Growing urban population and investments in smart city projects driving demand for advanced road safety infrastructure.
Increased focus on reducing road accidents through policies like Vision Zero and mandatory adoption of safety systems.
The global focus on reducing road accidents has led to the widespread implementation of policies like Vision Zero, which strives to eliminate traffic fatalities and severe injuries through proactive and strategic road safety measures. Originating in Sweden, Vision Zero has gained international recognition, shaping the development of advanced safety frameworks. These policies emphasize prioritizing human life by integrating engineering solutions, stringent enforcement, and educational initiatives to create safer traffic environments. Mandatory regulations requiring the integration of safety technologies like speed enforcement cameras, red-light violation detectors, and advanced driver assistance systems (ADAS) have become a cornerstone of these efforts. Governments globally are mandating vehicles to feature systems such as lane departure warnings, automatic emergency braking, and pedestrian detection to curb accidents and reduce their severity, significantly enhancing roadway safety.
For example, the European Union’s General Safety Regulation introduced in 2024 requires vehicles to include intelligent speed assistance and event data recorders. Such regulatory measures have accelerated the adoption of safety technologies, fueling growth in the road safety market. Complementing these efforts, AI and IoT-enabled real-time traffic management systems are transforming road safety by analyzing traffic patterns, identifying hazardous zones, and enabling prompt incident responses. By integrating these technologies with infrastructure, cities are better equipped to enforce traffic laws and mitigate human error, a leading cause of road mishaps. Public awareness campaigns further bolster these measures by promoting safe driving behaviors. Initiatives advocating for seatbelt use, helmet compliance, and anti-drunk driving practices have significantly reduced fatalities and injuries, showcasing the impact of education alongside enforcement. In essence, the focus on reducing road accidents through comprehensive policies like Vision Zero and mandatory safety systems is driving the adoption of advanced road safety technologies. These efforts reflect a unified global commitment to building safer and more sustainable transportation ecosystems.
Restraints
Implementing advanced road safety systems, such as AI-based traffic management and IoT-enabled devices, requires significant financial investment, limiting adoption in cost-sensitive regions.
Efficient operation and maintenance of modern road safety technologies demand skilled professionals, which are scarce in developing and rural areas.
Inadequate road infrastructure in emerging markets hampers the integration of advanced safety technologies like surveillance cameras and automated traffic systems.
The poor road quality in most emerging markets represents one of the biggest hurdles to the implementation of high-end road safety technologies and consequently improving traffic safety. A lot of developing countries suffer from having badly maintained roads, few road signs, and a lack of dedicated lanes for vehicles and pedestrians. This lack of infrastructure hamper the effective deployment of the latest solutions like AI-based traffic management systems, automated surveillance cameras, and smart sensors that are needed to form a solid base for things to work on. Current technologies including vehicle-to-everything (V2X) communication and AI-enabled traffic systems rely on an integrated network of sensors, cameras, and data-processing units. Due to inconsistent road conditions, limited power availability, and inadequate communication infrastructure, these systems often fall short of their intended effectiveness in regions where they are most needed. Lacking lighting and uniform lanes, those major arteries also reduce the effectiveness of such advanced safety features as speed enforcement cameras and incident-detection systems.
Due to limited finances, many developing nations opt for basic infrastructure rather than high-tech alternatives. Often overhead costs are restricted to very basic functions, such as building roads and simple traffic management, thus advanced technology goes underfunded. So, while developed worlds are spending on smart transportation ecosystems, the bulk of investments in developing countries are still geared towards basic needs. Moreover, this absence of infrastructure holds back the adoption of connected and autonomous vehicles (CAVs), which rely on smart roads to share safety and traffic information. These vehicle technologies cannot be integrated without such infrastructure.
Some programs are attempting to remedy that, though. With the support of international organizations like the World Bank and collaborative global partnerships, road modernization projects in the global south are booming. These efforts aim to bridge the gap between emerging and developed markets by modernizing infrastructure and utilizing standards to promote the broad deployment of advanced safety technologies. By focusing on smart investments and a long-term vision, emerging economies would be able to leverage weaknesses in their infrastructure and capitalize on the opportunity of the global road safety market.
By Solution
The red light & speed enforcement segment held a market share of 57.20% in 2023. Furthermore, these services were placed at road junctions or on the roads so that traffic discipline could be maintained. Since the technology has advanced to that degree, the competition among the death penalty providers has now become to service providing a speedy and red-light monitoring feature in a signal device
Automatic Number/License Plate Recognition (ANPR/ALPR) is expected to register the highest CAGR over the forecast period. Some of the factors responsible for the large revenue share of the ANPR/ALPR segment include varied end-use applications such as road interactions & parking lots, private land, schools, etc. Such solutions help in finding a vehicle in case of theft, crime scenarios, or traffic violations. These services also provide monitoring 24 hours a day, even in low light or poor weather, which is another benefit that boosts demand. Based on the solution, the market has been segmented into ANPR/ALPR, speed enforcement, red light, incident detection, and response.
By Service
In 2023, the professional services segment dominated the market and represented a significant revenue share of 79.80%. The professional services segment includes service integration, installation, training, consultancy, support and maintenance. We need to calibrate the equipment to implement it and do regular maintenance, and we also need to monitor it. The international trend of growing need for professional-based services has been the leading force behind industry growth in recent years and will remain in the future.
The managed service segment is expected to expand with the highest CAGR throughout the projection period. Since these services are managed & controlled end-to-end by dedicated vendors, they appear to be an obvious choice for end customers. In the segment, the high growth is due to an increasing trend to outsource services by customers. Furthermore, the ease of business and provision of convenience in outsourcing services is also one of the major driving forces aiding the growth of the global managed services demand.
North America dominated the market and accounted for a revenue share more than of 39.8% in 2023, due to the developed infrastructure, strong investments, and regulatory frameworks. It has led safety programs like Vision Zero and the introduction of ITS in the region. Continued investments in AI-based traffic management, automated enforcement instruments, and connected vehicle technologies continue to provide momentum to the market. In addition, the massive growth is a result of projects funded by the U.S. Department of Transportation for smart city and road safety projects. North America will continue to lead, driven by both assimilating autonomous vehicles and progress with vehicle-to-infrastructure (V2I) technologies.
Asia-Pacific region is expected to observe the highest compound annual growth rate (CAGR) during the forecast periods. Such growth is driven by rapid urbanization, increasing vehicle ownership, and a growing focus of the government towards mitigating traffic casualties. Countries such as China, India, and Japan are investing in smart city projects and solutions such as intelligent transportation systems and automated traffic enforcement technology. The region is also witnessing strong support due to the growing road safety regulations and rising adoption of connected vehicle technologies. Innovation migration demand of the middle class alongside road safety awareness will also contribute to the growth opportunities for new technology. Due to continuing infrastructure development and expanded development of artificial intelligence (AI) and Internet of Things (IoT) technologies in traffic systems, the road safety market in the Asia-Pacific region is anticipated to expand at a considerable rate.
.png)
Get Customized Report as per your Business Requirement - Request For Customized Report
The major key players along with their products are
Siemens Mobility - Intelligent Traffic Management Systems
Honeywell International - Road Safety Cameras
Garmin Ltd. - Dash Cameras
Thales Group - Road Traffic Enforcement Solutions
Cubic Corporation - Traffic Management Systems
Kapsch TrafficCom - Automatic Number Plate Recognition (ANPR) Systems
Xerox Corporation - Speed and Red-light Enforcement Cameras
TransCore - Tolling Solutions and Traffic Management Systems
Flir Systems - Thermal Traffic Cameras
Swarco Group - Traffic Control Systems
L3 Technologies - Radar-based Vehicle Detection Systems
Bosch Security Systems - Advanced Driver Assistance Systems (ADAS)
Aptiv PLC - Autonomous Vehicle Safety Systems
Inrix, Inc. - Traffic Flow Analytics
Pelco - Surveillance Cameras for Traffic Monitoring
LeddarTech - LiDAR Sensors for Road Safety
Verra Mobility - Red-light and Speed Enforcement Systems
Snap-on Inc. - Road Safety Diagnostic Tools
Dynniq - Smart Traffic Signal Systems
Evolis - Road Safety Signage Solutions
Cubic Corporation-Company Financial Analysis
March 2024: Jenoptik has collaborated with the First Joint Group to implement advanced traffic safety systems in Kuwait. The project involves the installation of 60 TraffiTower 2.0 units and over 100 external flash units designed to enhance traffic monitoring and reduce accidents. The systems integrate advanced measurement technology for precise monitoring and effective enforcement
February 2024: Transoft Solutions has introduced enhanced tools for urban planning and traffic management. These tools, powered by artificial intelligence and sensors, help collect and analyze traffic data, which urban planners use to make informed decisions on improving road safety infrastructure
| Rert Attributes | Details |
|
Market Size in 2023 |
US$ 3.20 Bn |
|
Market Size by 2032 |
US$ 11.21 Bn |
|
CAGR |
CAGR of 14.99% From 2024 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2032 |
|
Historical Data |
2020-2022 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
• By Solution (Red Light & Speed Enforcement, Incident Detection & Response, Automatic Number/License Plate Recognition, Others) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
Conduent, Cubic Corporation, Dahua Technology, FLIR Services, IDEMIA, JENOPTIK, KAPSCH TraficCom, Motorola Solutions, Redflex Holdings |
|
Key Drivers |
• The rising cases of road incident |
|
Market Opportunities |
• The rise in advancement technology |
Ans- Challenges in the Road Safety Market are
Ans- one main growth factor for the Road Safety Market is
Ans- the North America dominated the market and represented a significant revenue share in 2023
Ans- the CAGR of the Road Safety Market during the forecast period is 14.99% from 2024-2032.
Ans Road Safety Market was valued at USD 3.20 Billion in 2023 and is expected to reach USD 11.21 Billion by 2032, growing at a CAGR of 14.99% from 2024-2032.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Vehicle Production and Sales Volumes, 2020-2032, by Region
5.2 Emission Standards Compliance, by Region
5.3 Vehicle Technology Adoption, by Region
5.4 Consumer Preferences, by Region
5.5 Aftermarket Trends (Data on vehicle maintenance, parts, and services)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Road Safety Market Segmentation, by Solutions
7.1 Chapter Overview
7.2 Red Light & Speed Enforcement
7.2.1 Red Light & Speed Enforcement Market Trends Analysis (2020-2032)
7.2.2 Red Light & Speed Enforcement Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Incident Detection & Response
7.3.1 Incident Detection & Response Market Trends Analysis (2020-2032)
7.3.2 Incident Detection & Response Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Automatic Number/License Plate Recognition (ANPR/ALPR)
7.4.1 Automatic Number/License Plate Recognition (ANPR/ALPR) Market Trends Analysis (2020-2032)
7.4.2 Automatic Number/License Plate Recognition (ANPR/ALPR) Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Others
7.5.1 Others Market Trends Analysis (2020-2032)
7.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Road Safety Market Segmentation, by Services
8.1 Chapter Overview
8.2 Professional Services
8.2.1 Professional Services Market Trends Analysis (2020-2032)
8.2.2 Professional Services Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3Managed Services
8.3.1Managed Services Market Trends Analysis (2020-2032)
8.3.2Managed Services Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Road Safety Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.2.4 North America Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.2.5.2 USA Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.2.6.2 Canada Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.2.7.2 Mexico Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Road Safety Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.1.5.2 Poland Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.1.6.2 Romania Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Road Safety Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.2.4 Western Europe Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.2.5.2 Germany Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.2.6.2 France Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.2.7.2 UK Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.2.8.2 Italy Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.2.9.2 Spain Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.2.12.2 Austria Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Road Safety Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.4.4 Asia Pacific Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.4.5.2 China Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.4.5.2 India Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.4.5.2 Japan Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.4.6.2 South Korea Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.2.7.2 Vietnam Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.4.8.2 Singapore Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.4.9.2 Australia Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Road Safety Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.5.1.4 Middle East Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.5.1.5.2 UAE Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Road Safety Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.5.2.4 Africa Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.5.2.7 Rest of Africa
9.5.2.7.1 Rest of Africa Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.5.2.7.2 Rest of Africa Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Road Safety Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.6.4 Latin America Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.6.5.2 Brazil Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.6.6.2 Argentina Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.6.7.2 Colombia Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Road Safety Market Estimates and Forecasts, by Solutions (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Road Safety Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10. Company Profiles
10.1 Siemens Mobility
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2Honeywell International
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Garmin Ltd.
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 Thales Group
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Cubic Corporation
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Kapsch TrafficCom
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 Xerox Corporation
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 TransCore
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9Flir Systems
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 Swarco Group
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusio
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Solution
By Services
Request for Segment Customization as per your Business Requirement: Segment Customization Request
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Request for Country Level Research Report: Country Level Customization Request
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
The Vehicle Analytics Market Size was valued at USD 4.20 billion in 2023, and expected to reach USD 25.87 billion by 2031, and grow at a CAGR of 25.5% over the forecast period 2024-2031.
The Pickup Trucks Market Size was valued at USD 228 billion in 2023 and is expected to reach USD 269.24 billion by 2031 and grow at a CAGR of 2.1% over the forecast period 2024-2031.
The Automated Parking System Market size was valued at USD 2.10 billion in 2023 & reach USD 7.78 billion by 2031 and grow at a CAGR of 17.8% by 2024-2031
The Automotive Center Stack Market is expected to grow at a CAGR of 6.8% over the forecast period of 2023-2030.
Driveline Market was valued at USD 307.66 billion in 2023 and is expected to reach USD 575.20 billion by 2032, growing at a CAGR of 7.2% from 2024-2032.
The Off-highway Electric Vehicle Market Size was valued at USD 2639 million in 2023 and is expected to reach USD 8718.35 million by 2032 and grow at a CAGR of 14.2% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
