HOME Top Market Reports Road Safety Market by Solution (Red Light Enforcement, Speed Enforcement, Incident Detection Systems, Bus Lane Compliance, Automatic License Plate Recognition), by Service, by Region - Global Forecast to 2020

Road Safety Market by Solution (Red Light Enforcement, Speed Enforcement, Incident Detection Systems, Bus Lane Compliance, Automatic License Plate Recognition), by Service, by Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: December 2015
Report Code: TC 2475

 

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The road safety market size is estimated to grow from USD 2.35 Billion in 2015 to USD 3.63 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 9.1%. The report aims at estimating the market size and future growth potential of the market across different segments, such as solutions, services, and regions. The base year considered for the study is 2014 and the market size is projected from 2015 to 2020. With the rise in demand for advanced infrastructure development and technologies such as vehicle lane enforcement system, incident response system, and automatic number plate recognition system, the market is expected to grow in the next five years.

The research methodology used to estimate and forecast the road safety market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, Directors, and Executives. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:

Road Safety Market

The road safety ecosystem comprises vendors providing road safety solutions and services to fulfill the security needs of government authorities and agencies for these systems to get implemented at highways and bridges, urban roads, and tunnels. The key vendors providing road safety solutions and services are:

  • Red Light Enforcement: Kapsch, Redflex, Swarco, Safran and others
  • Speed Enforcement: Kapsch, Redflex, Jenoptik, Information Engineers Group and others
  • Incident Detection System: Siemens, OTN Systems, TDC Road Traffic Systems and others
  • Bus Lane Compliance: Siemens, Redflex, American Traffic Solutions and others
  • Automatic License Plate Recognition: Jenoptik, Motorola, 3M, KRIA and others

Key Target Audience

  • Government agencies
  • Road Safety OEMs
  • Road safety service provider
  • System integrator
  • Consulting firms
  • Research organization
  • Resellers and distributors
  • Investment/Equity research firms

Scope of the Report

The research report segments the road safety market to following submarkets:

By Solution:

  • Red Light Enforcement
  • Speed Enforcement
  • Incident Detection System
  • Bus Lane Compliance
  • Automatic License Plate Recognition
  • Others

By Service:

  • Consulting And System Integration
  • Managed Services
  • Training, Support & Maintenance
  • Risk Assessment and Analysis

By Region:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North America market
  • Further breakdown of the Europe market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin America market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 11)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 14)
    2.1 Introduction
    2.2 Research Data
           2.2.1 Secondary Data
                    2.2.1.1 Key Data From Secondary Sources
           2.2.2 Primary Data
                    2.2.2.1 Key Data From Primary Sources
                    2.2.2.2 Key Industry Insights
                    2.2.2.3 Breakdown of Primary Interviews
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 21)

4 Premium Insights (Page No. - 24)
    4.1 Attractive Market Opportunities in the Global Road Safety Market
    4.2 Market, By Component
    4.3 Market, By Solution and Region
    4.4 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 26)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
           5.3.1 By Solution
           5.3.2 By Service
           5.3.3 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increase in Road Accident/Fatality Rate
                    5.4.1.2 Growing Government Regulations for Road Safety
           5.4.2 Restraints
                    5.4.2.1 Decentralized Infrastructure
                    5.4.2.2 Operational Efficiency and Increasing Congestion
           5.4.3 Opportunities
                    5.4.3.1 Rise in Demand for Advanced Infrastructure Development
                    5.4.3.2 Smart City Initiatives
           5.4.4 Challenges
                    5.4.4.1 Rise in Ageing Population
                    5.4.4.2 Lack of Awareness and Engineering Challenges
    5.5 Regulatory Implications
    5.6 Innovation Spotlight

6 Industry Trends (Page No. - 33)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Strategic Benchmarking
           6.3.1 Strategic Benchmarking: Contracts, Mergers and Acquisitiosn of Top Vendors
    6.4 Demand Overview

7 Road Safety Market Analysis, By Solution (Page No. - 36)
    7.1 Introduction
    7.2 Red Light Enforcement
    7.3 Speed Enforcement
    7.4 Incident Detection System
    7.5 Bus Lane Compliance
    7.6 Automatic License Plate Recognition
    7.7 Others

8 Road Safety Market Analysis, By Service (Page No. - 42)
    8.1 Introduction
    8.2 Consulting and System Integration
    8.3 Managed Services
    8.4 Training Support and Maintenance
    8.5 Risk Assessment and Analysis

9 Geographic Analysis (Page No. - 47)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia-Pacific (APAC)
    9.5 Middle East and Africa (MEA)
    9.6 Latin America

10 Competitive Landscape (Page No. - 61)
     10.1 Overview
     10.2 Competitive Situation and Trends
             10.2.1 New Alliances, Contracts, Partnerships, and Agreements
             10.2.2 Mergers and Acquisitions
             10.2.3 Expansions
             10.2.4 New Product Launches

11 Company Profiles (Page No. - 65)
(Overview, Financials, Products & Services, Strategy, and Developments)*
     11.1 Jenoptik
     11.2 Kapsch AG
     11.3 Redflex Holdings Limited
     11.4 Morpho (Safran)
     11.5 American Traffic Solutions (ATS)
     11.6 Information Engineers Group Inc.
     11.7 3M
     11.8 Sensys Gatso Group AB
     11.9 Motorola Solutions, Inc
     11.10 Swarco AG

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 85)
     12.1 Other Developments
     12.2 Industry Experts
     12.3 Discussion Guide
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (45 Tables)

Table 1 Road Safety Market Size and Growth, 2013–2020 (USD Million, Y-O-Y %)
Table 2 Market: Summary of Drivers
Table 3 Market: Summary of Restraints
Table 4 Market: Summary of Opportunities
Table 5 Market: Summary of Challenge
Table 6 Road Safety Market Size, By Solution, 2013–2020 (USD Million)
Table 7 Red Light Enforcement: Market Size, By Region, 2013–2020 (USD Million)
Table 8 Speed Enforcement: Market Size, By Region, 2013–2020 (USD Million)
Table 9 Incident Detection System: Market Size, By Region, 2013–2020 (USD Million)
Table 10 Bus Lane Compliance: Market Size, By Region, 2013–2020 (USD Million)
Table 11 Automatic License Plate Recognition: Market Size, By Region, 2013–2020 (USD Million)
Table 12 Others: Market Size, By Region, 2013–2020 (USD Million)
Table 13 Market Size, By Service, 2013–2020 (USD Million)
Table 14 Consulting and System Integration: Road Safety Market Size, By Region, 2013–2020 (USD Million)
Table 15 Managed Services: Market Size, By Region, 2013–2020 (USD Million)
Table 16 Training Support and Maintenance: Market Size, By Region,  2013–2020 (USD Million)
Table 17 Risk Assessment and Analysis: Market Size, By Region,  2013–2020 (USD Million)
Table 18 Road Safety: New Projects
Table 19 Market Size, By Region, 2013–2020 (USD Million)
Table 20 North America: Market Size, By Component,  2013–2020 (USD Million)
Table 21 North America: Market Size, By Country, 2013–2020 (USD Million)
Table 22 North America: Market Size, By Solution, 2013–2020 (USD Million)
Table 23 North America: Road Safety Market Size, By Service, 2013–2020 (USD Million)
Table 24 Europe: Market Size, By Component, 2013–2020 (USD Million)
Table 25 Europe: Market Size, By Country, 2013–2020 (USD Million)
Table 26 Europe: Market Size, By Solution, 2013–2020 (USD Million)
Table 27 Europe: Market Size, By Service, 2013–2020 (USD Million)
Table 28 Asia-Pacific: Market Size, By Component, 2013–2020 (USD Million)
Table 29 Asia-Pacific: Market Size, By Country, 2013–2020 (USD Million)
Table 30 Asia-Pacific: Market Size, By Solution, 2013–2020 (USD Million)
Table 31 Asia-Pacific: Road Safety Market Size, By Service, 2013–2020 (USD Million)
Table 32 Middle East and Africa: Market Size, By Component, 2013–2020 (USD Million)
Table 33 Middle East and Africa: Market Size, By Country, 2013–2020 (USD Million)
Table 34 Middle East and Africa: Market Size, By Solution, 2013–2020 (USD Million)
Table 35 Middle East and Africa: Market Size, By Service, 2013–2020 (USD Million)
Table 36 Latin America: Market Size, By Component, 2013–2020 (USD Million)
Table 37 Latin America: Market Size, By Country, 2013–2020 (USD Million)
Table 38 Latin America: Market Size, By Solution, 2013–2020 (USD Million)
Table 39 Latin America: Road Safety Market Size, By Service, 2013–2020 (USD Million)
Table 40 New Alliances, Contracts, Partnerships, and Agreements, 2012–2015
Table 41 Mergers and Acquisitions, 2012–2015
Table 42 Expansions, 2012–2014
Table 43 New Product Launches, 2012–2015
Table 44 New Alliances, Contracts, Partnerships, and Agreements, 2012–2015
Table 45 Mergers and Acquisitions, 2012–2015


List of Figures (44 Figures)

Figure 1 Global Road Safety Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Road Safety Services are Expected to Grow at the Highest CAGR During the Forecast Period
Figure 7 Automatic License Plate Recognition Solution to Grow at the Highest CAGR From 2015 to 2020
Figure 8 Consulting and System Integration Services to Gain Traction During the Forecast Period
Figure 9 North America is Expected to Hold the Largest Share of the Road Safety Market in 2015
Figure 10 Increase in Road Accidents/Fatality Rate Will Propel the Market
Figure 11 Solutions has the Largest Market Share in the Forecast Period
Figure 12 Red Light Enforcement Solution to Hold the Largest Share of the Market
Figure 13 Asia-Pacific to Witness the Highest Growth From 2015 to 2020
Figure 14 Evolution of the Market
Figure 15 Market, By Solution
Figure 16 Market, By Service
Figure 17 Market, By Region
Figure 18 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Road Safety Market: Value Chain Model
Figure 20 Strategic Benchmarking: Contracts, Mergers and Acquisitions of Top Vendors
Figure 21 Road Traffic Fatality Rates Per 100,000 Population
Figure 22 Road Traffic Deaths By Type of Road User, Worldwide
Figure 23 Automatic License Plate Recognition Expected to Grow at the Highest Rate During the Forecast Period
Figure 24 Consulting and System Integration Services are Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 North America Estimated to Hold the Largest Size in the Global Road Safety Market During the Forecast Period
Figure 26 Regional Snapshot: Asia-Pacific is the Emerging Region in the Road Safety Market
Figure 27 APAC: Asia-Pacific is the Emerging Hotspot for the Market
Figure 28 North America Market Snapshot: Presence of Key Road Safety Vendors is A Major Factor Contributing Toward the Growth
Figure 29 Asia-Pacific Market Snapshot: Rising Demand From End Users is A Major Factor Contributing to the Growth of the Road Safety Market
Figure 30 Companies Adopted New Alliance, Contracts, and Partnershipsas the Key Growth Strategy Over the Past 4 Years
Figure 31 Market Evaluation Framework: New Alliance, Contracts, Partnerships, and Agreements has Fuelled the Growth During the Period 2012–2015
Figure 32 Battle for Market Share: New Alliance, Contracts, Partnerships, and Agreements is the Key Strategy
Figure 33 Geographic Mix
Figure 34 Jenoptik: Company Snapshot
Figure 35 Jenoptik: SWOT Analysis
Figure 36 Kapsch AG: Company Snapshot
Figure 37 Kapsch AG: SWOT Analysis
Figure 38 Redflex Holdings Limited: Company Snapshot
Figure 39 Redflex Holdings Limited: SWOT Analysis
Figure 40 Morpho: SWOT Analysis
Figure 41 American Traffic Solutions: SWOT Analysis
Figure 42 3M: Company Snapshot
Figure 43 Sensys Gatso Group AB: Company Snapshot
Figure 44 Motorola Solutions: Company Snapshot

MarketsandMarkets forecast the road safety market size to grow from USD 2.35 Billion in 2015 to USD 3.63 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 9.1%. With the increase in the number of passenger traffic and congestion on the roads, the demand for technology-driven, automated, and a highly secured road infrastructure has grown immensely. The major factors contributing to the growth of market are- increasing road accident/fatality rates and growing government regulation and standards for road safety across the globe. Furthermore, with the rise in demand for advanced infrastructure development such as Smart City initiatives and new technologies such as driver assistance systems, vehicle lane enforcement systems, incident response systems, automatic number plate recognition systems, the market for road safety is expected to gain traction in the next five years.

The scope of this report covers the road safety market by solution, service, and region. The red light enforcement solution is expected to dominate the market, contributing the largest market share during the forecast period. The market is also projected to witness growth in speed enforcement solution and incident detection systems during the forecast period. Automatic license plate recognition is expected to play a key role in road safety landscape and is expected to grow at the highest growth rate in the next five years.

The consulting and system integration service is expected to dominate the market in market size and will also grow at the highest growth rate during the forecast period. Risk assessment and analysis services is also expected to grow as it involves reviewing the existing road safety infrastructure to identify threats, critical assets, and vulnerabilities on highways, urban and rural roads, bridges, and tunnels.

Road Safety Market

North America is expected to have the largest market share and would dominate the market during the forecast period. APAC offers potential growth opportunities for the market and is estimated to grow at the highest CAGR during the forecast period. APAC and MEA markets are investing heavily to increase the development of critical infrastructure comprising highways and bridges, urban roads, and tunnels.

Rise in the ageing population and road infrastructure is one of the major challenges for modern road safety market. As the population aged over 65 will get multiplied in the coming years, the risk of road fatalities will also increase. The major vendors in this market include Swarco group, Kapsch Group, Jenoptik, Redflex, American Traffic Solutions, Inc., and others. These players adopted various strategies, such as mergers, partnerships, collaborations and new product launches to cater to the needs of the market.

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