Road Safety Market

Road Safety Market by Solution (Red Light, Speed, Bus Lane, Section Enforcement, and ALPR/ANPR), Service (Consulting and Training, System Integration and Deployment, and Support and Maintenance) and Region - Global Forecast to 2026

Report Code: TC 2475 Mar, 2022, by marketsandmarkets.com

[187 Pages Report] MarketsandMarkets forecasts the global Road Safety Market size is expected to grow USD 3.7 billion in 2021 to USD 5.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period. The increasing number of road accidents and fatalities drives the need for the deployment of road safety solutions.

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Road Safety Market Dynamics

Driver: Rising number of Vehicles

The increasing number of road accidents and fatalities drives the need for the deployment of road safety solutions, as these solutions help in reducing road fatalities to a great extent. Enforcement solutions help in enforcing road traffic rules for speed and red light, bus lane compliance, and section control. Incident detection and response systems would help in identifying the fatality/accidents’ location, time, reasoning, and other event-related information. It would reduce the time taken for the post-crash actions. The overall benefits of road safety solutions and services are expected to reduce the number of road fatalities by offering precautions to prevent road fatalities.

Restraint: Lack of standardized and uniform technologies

The standardization of connected road safety technologies is a fundamental issue for their easy implementation. The road safety system comprises connected vehicle technology and connected infrastructure. One of the difficulties for the deployment of connected technologies in vehicles and road infrastructure is affordability and availability of connectivity.

Opportunity: Adoption of automated vehicles for safety

The continuing evolution of automotive technology aims to deliver even greater safety benefits than earlier technologies. The automated driving systems, which some refer to as automated vehicles, may be able to handle the whole task of driving. The automotive industry is moving toward more automation and electrification, which hold promise for further improvements in safety and better environmental practices. Vehicle automation will potentially change the need for individualized parking spaces and lots, with increased use of automated rideshare and shuttle fleets, which could dramatically transform land use. Also, vehicle electrification opens up possibilities to improve efficiency with less personal driving, resulting in further reduction of air pollutants from the transport sector.

Challenge: Cybersecurity and threats in road safety data

The road safety market has significant growth potential. However, maintaining data security and privacy is a key challenge faced by players operating in this market. The installed smart devices and sensors continuously generate a huge amount of data. This is expected to help organizations handling data gain insights about the market position of their competitors. This data is analyzed to generate actionable business insights; most of this data is processed at the edge and stored in the cloud from time to time.

By Component, the solution segment to have a higher growth during the forecast period

The road safety solutions include enforcement solution, incident detection and response, ALPR/ANPR, and others (railroad crossing safety, school bus stop-arm enforcement, and back-office systems). The enforcement solution segment has been further divided into red light enforcement, speed enforcement, bus lane enforcement, and section enforcement. These solutions enable government agencies to protect pedestrians and vehicle drivers from all types of road accidents. With the rapid increase in the number of vehicles on the road, these solutions are gaining traction across the globe. Verra Mobility, Kapsch TrafficCom, JENOPTIK, SWARCO, and Sensys Gatso Group are some of the key market players in the road safety market.

By Services, the professional services to dominate the market during the forecast period

The professional services segment has been segmented into three categories: consulting and training, support and maintenance, and system integration and deployment. Professional services include planning the services, designing the solutions to be deployed, consulting with the enterprise to suggest the right solution/service, and upgrading the enterprises’ current infrastructure to become compatible with deploying the latest road safety services. Companies offering professional services consist of consultants, management experts, and dedicated project management teams who specialize in designing and delivering critical decision support software, tools, services, and expertise.

APAC to grow at the highest CAGR during the forecast period

Asia Pacific is rapidly establishing itself as the world’s most powerful area, home to a number of smart cities. Increased security spending to keep up with the ever-changing threat landscape is causing great concern among governments in this region. Asia Pacific comprises China, India, Australia, Hong Kong, and Japan, which are examples of developing economies in the region. The number of smart city projects is increasing, which drives the demand for public and road safety security technologies such as surveillance, speed enforcement, red light enforcement, and incident detection systems. The number of megacities is expanding, as per the population. The necessity for road safety has increased in established and emerging Asia Pacific countries.

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Key Market Players

The report includes the study of key players Road Safety market. It profiles major vendors in the Road Safety market. The major vendors in the Road Safety market include JENOPTIK (Germany), Kapsch TrafficCom (Austria), Sensys Gatso Group (Sweden), IDEMIA (France), Teledyne FLIR (US), Motorola Solutions (US), Verra Mobility (US), SWARCO (Austria), Siemens (Germany), Cubic Corporation (US), Conduent (US), VITRONIC (Germany), Dahua Technology (China), Laser Technology (US), Traffic Management Technology (South Africa), Truvelo (UK), Kria (Italy), Syntell (South Africa), Clearview Intelligence (UK), Simicon (Russia), FRED Engineering (Italy), Kodiak Robotics (US), Humanising Autonomy (UK), Vebit AI (US), Connected Wise LLC (US), Saferoad (Germany), LiveRoad Analytics (US).

These players have adopted various strategies to grow in the global offering Road Safety market. The study includes an in-depth competitive analysis of these key players in the offering Road Safety market with their company profiles, recent developments, and key market strategies.

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Scope of the Report

Report Metrics

Details

Market size available for years

2016-2026

Base year considered

2020

Forecast period

2021-2026

Forecast units

Value (USD Million)

Segments covered

By Component, And By Region.

Regions covered

North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Companies covered

JENOPTIK (Germany), Kapsch TrafficCom (Austria), Sensys Gatso Group (Sweden), IDEMIA (France), Teledyne FLIR (US), Motorola Solutions (US), Verra Mobility (US), SWARCO (Austria), Siemens (Germany), Cubic Corporation (US), Conduent (US), VITRONIC (Germany), Dahua Technology (China), Laser Technology (US), Traffic Management Technology (South Africa), Truvelo (UK), Kria (Italy), Syntell (South Africa), Clearview Intelligence (UK), Simicon (Russia), FRED Engineering (Italy), Kodiak Robotics (US), Humanising Autonomy (UK), Vebit AI (US), Connected Wise LLC (US), Saferoad (Germany), LiveRoad Analytics (US).

This research report categorizes the road safety market to forecast revenues and analyze trends in each of the following subsegments:

By Component:

  • Solutions
    • Enforcement Solution
    • Automatic License Plate Recognition/Automatic Number Plate Recognition
    • Incident Detection and Response
    • Others
  • Services
    • Professional Services
    • Managed Services

By Region:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • Ukraine
    • Eastern Europe and Balkan Countries
    • Rest of Europe
  • APAC
    • China
    • Japan
    • Singapore
    • Australia and New Zealand
    • Pakistan
    • Kazakhstan
    • Rest of Asia Pacific
  • Middle East and Africa
    • Kingdom of Saudi Arabia
    • Qatar
    • United Arab Emirates
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In February 2022, Sensys Gatso Group, through its subsidiary, Sensys Gatso USA signed a 5-year TRaaS contract with Oelwein, Iowa to provide the automated red-light enforcement.
  • In November 2021, Kapsch TrafficCom launched climate-friendly mobility with Traffic Management 2.0 in the City of Vienna. This solution helps in reducing emissions and reducing stress.
  • In November 2021, Sensys Gatso Group, through its subsidiary, Sensys Gatso Australia has signed an agreement for the supply and maintenance of Automatic Number Plate Recognition (ANPR) systems with the New South Wales (NSW) Government.
  • In July 2021, Wolters Kluwer partnered with Vizor Software to enhance the quality of regulatory reporting in Singapore while reducing the time and effort required in regulatory compliance.
  • In April 2021, Swarco launched MyCity 1.0, which is an urban mobility management software to tackle cities’ frequent challenges associated with the rapid urbanization and related impacts on the environment as well as the rapid changes in the types of urban mobility and the IT landscape needed to support it.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 INTRODUCTION TO COVID-19
    1.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 1 COVID-19: GLOBAL PROPAGATION
           FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES
    1.3 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                    FIGURE 4 CRITERIA IMPACTING THE GLOBAL ECONOMY
                    FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY
    1.4 OBJECTIVES OF THE STUDY
    1.5 MARKET DEFINITION
           1.5.1 INCLUSIONS AND EXCLUSIONS
    1.6 MARKET SCOPE
           1.6.1 MARKET SEGMENTATION
           1.6.2 REGIONAL SCOPE
           1.6.3 YEARS CONSIDERED FOR THE STUDY
    1.7 CURRENCY CONSIDERED
           TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2020
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES
    1.10 GLOBAL TRAFFIC INDEX
           TABLE 2 TOP 10 GLOBALLY CONGESTED CITIES

2 RESEARCH METHODOLOGY (Page No. - 39)
    2.1 RESEARCH DATA
           FIGURE 6 ROAD SAFETY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
           FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 1 (SUPPLY SIDE): REVENUE OF OFFERINGS IN THE ROAD SAFETY MARKET
           FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 - BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL SOLUTIONS/SERVICES IN THE ROAD SAFETY MARKET
           FIGURE 9 ROAD SAFETY MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
           2.3.1 TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
    2.4 MARKET FORECAST
           TABLE 3 FACTORS ANALYSIS
    2.5 ASSUMPTIONS FOR THE STUDY
           TABLE 4 ASSUMPTIONS FOR THE STUDY
    2.6 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 47)
    TABLE 5 ROAD SAFETY MARKET SIZE AND GROWTH RATE, 2016–2020 (USD MILLION, Y-O-Y %)
    TABLE 6 ROAD SAFETY MARKET SIZE AND GROWTH RATE, 2021–2026 (USD MILLION, Y-O-Y %)
    FIGURE 10 ROAD SAFETY MARKET SIZE, 2021–2026
    FIGURE 11 FASTEST-GROWING SEGMENTS IN THE ROAD SAFETY MARKET DURING 2021–2026
    FIGURE 12 ROAD SAFETY: REGIONAL MARKET SCENARIO

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 BRIEF OVERVIEW OF THE ROAD SAFETY MARKET
           FIGURE 13 RISING COST OF COMPLIANCE IN ROAD SAFETY TO DRIVE THE GLOBAL ROAD SAFETY MARKET
    4.2 ROAD SAFETY MARKET SHARE, BY COMPONENT
           FIGURE 14 SOLUTIONS SEGMENT TO HOLD A LARGER MARKET SHARE IN 2021
    4.3 ROAD SAFETY MARKET SHARE, BY REGION
           FIGURE 15 NORTH AMERICA TO HOLD THE LARGEST MARKET SHARE IN 2021
    4.4 ROAD SAFETY MARKET INVESTMENT SCENARIO (2021–2026)
           FIGURE 16 ASIA PACIFIC TO EMERGE AS THE BEST MARKET TO INVEST DURING THE FORECAST PERIOD

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 53)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: ROAD SAFETY MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising number of vehicles
                    5.2.1.2 Enforcement to improve compliance with governments
                    5.2.1.3 The adoption of digitalization and technologies in the road safety market
                    5.2.1.4 Government initiatives for enhancing road safety
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of standardized and uniform technologies
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Adoption of automated vehicles for safety
                    5.2.3.2 Improved intelligent transportation systems for road safety
           5.2.4 CHALLENGES
                    5.2.4.1 Cybersecurity and threats in road safety data
                    5.2.4.2 Lack of knowledge among people about IoT and smart cities
    5.3 COVID-19 MARKET OUTLOOK FOR ROAD SAFETY
           TABLE 7 ROAD SAFETY MARKET: ANALYSIS OF DRIVERS AND OPPORTUNITIES IN THE COVID-19 ERA
           TABLE 8 ROAD SAFETY MARKET: ANALYSIS OF CHALLENGES AND RESTRAINTS IN THE COVID-19 ERA
           5.3.1 CUMULATIVE GROWTH ANALYSIS
                    TABLE 9 ROAD SAFETY MARKET: CUMULATIVE GROWTH ANALYSIS
    5.4 REGULATORY IMPACT
    5.5 INDUSTRY TRENDS
           5.5.1 USE CASES
                    5.5.1.1 Use case 1: Siemens helped Yunex Traffic for adaptive traffic control and management, highway, and tunnel automation as well as smart solutions for V2X and road user charging (tolling)
                    5.5.1.2 Use case 2: Motorola Solutions helped Victoria Police with number plate recognition with ANPR technology
                    5.5.1.3 Use case 3: Conduent and Hayden AI announced a technology partnership to improve bus lane performance and traffic safety
                    5.5.1.4 Use case 4: SWARCO Road Marking Systems and ISAC GmbH measured the detectability of road markings
                    5.5.1.5 Use case 5: Dahua Technology detects multiple traffic violations and improves road efficiency
    5.6 VALUE CHAIN ANALYSIS
           FIGURE 18 ROAD SAFETY MARKET: VALUE CHAIN ANALYSIS
    5.7 ECOSYSTEM
           TABLE 10 ROAD SAFETY MARKET ECOSYSTEM
    5.8 PATENT ANALYSIS
           FIGURE 19 TOP TEN COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS
           TABLE 11 TOP TWENTY PATENT OWNERS (UNITED STATES)
           FIGURE 20 NUMBER OF PATENTS GRANTED IN A YEAR, 2012-2021
    5.9 PRICING ANALYSIS
    5.10 TECHNOLOGY ANALYSIS
           5.10.1 ARTIFICIAL INTELLIGENCE
           5.10.2 5G NETWORK
           5.10.3 SMART TRAFFIC LIGHTS
           5.10.4 INTERNET OF THINGS
    5.11 TRENDS AND DISRUPTIONS IMPACTING BUYERS
           FIGURE 21 TRENDS IMPACTING CUSTOMERS: ROAD SAFETY MARKET
    5.12 KEY CONFERENCES & EVENTS IN 2022-2023
           TABLE 12 ROAD SAFETY MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.13 PORTER’S FIVE FORCES ANALYSIS
           TABLE 13 ROAD SAFETY MARKET: PORTER’S FIVE FORCES MODEL
           5.13.1 THREAT OF NEW ENTRANTS
           5.13.2 THREAT OF SUBSTITUTES
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 BARGAINING POWER OF SUPPLIERS
           5.13.5 COMPETITIVE RIVALRY

6 ROAD SAFETY MARKET, BY COMPONENT (Page No. - 71)
    6.1 INTRODUCTION
           FIGURE 22 SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
           TABLE 14 ROAD SAFETY MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
           TABLE 15 ROAD SAFETY MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
    6.2 SOLUTIONS
           FIGURE 23 INCIDENT DETECTION AND RESPONSE SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
           TABLE 16 SOLUTIONS: ROAD SAFETY MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
           TABLE 17 SOLUTIONS: ROAD SAFETY MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
           TABLE 18 SOLUTIONS: ROAD SAFETY MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
           TABLE 19 SOLUTIONS: ROAD SAFETY MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.1 ENFORCEMENT SOLUTION
                    FIGURE 24 SPEED ENFORCEMENT SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                    TABLE 20 ENFORCEMENT SOLUTION MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                    TABLE 21 ENFORCEMENT SOLUTION MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    6.2.1.1 Red light enforcement
                               TABLE 22 RED LIGHT ENFORCEMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                               TABLE 23 RED LIGHT ENFORCEMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.1.2 Speed enforcement
                               TABLE 24 SPEED ENFORCEMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                               TABLE 25 SPEED ENFORCEMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.1.3 Bus lane enforcement
                               TABLE 26 BUS LANE ENFORCEMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                               TABLE 27 BUS LANE ENFORCEMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.2.1.4 Section enforcement
                               TABLE 28 SECTION ENFORCEMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                               TABLE 29 SECTION ENFORCEMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.2 AUTOMATIC LICENSE PLATE RECOGNITION/AUTOMATIC NUMBER PLATE RECOGNITION
                    TABLE 30 AUTOMATIC LICENSE PLATE RECOGNITION/AUTOMATIC NUMBER PLATE RECOGNITION MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                    TABLE 31 AUTOMATIC LICENSE PLATE RECOGNITION/AUTOMATIC NUMBER PLATE RECOGNITION MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.3 INCIDENT DETECTION AND RESPONSE
                    TABLE 32 INCIDENT DETECTION AND RESPONSE MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                    TABLE 33 INCIDENT DETECTION AND RESPONSE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.2.4 OTHERS
                    TABLE 34 OTHERS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                    TABLE 35 OTHERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.3 SERVICES
           FIGURE 25 MANAGED SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
           TABLE 36 SERVICES: ROAD SAFETY MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
           TABLE 37 SERVICES: ROAD SAFETY MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
           TABLE 38 SERVICES: ROAD SAFETY MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
           TABLE 39 SERVICES: ROAD SAFETY MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.3.1 PROFESSIONAL SERVICES
                    FIGURE 26 SUPPORT AND MAINTENANCE SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                    TABLE 40 PROFESSIONAL SERVICES: ROAD SAFETY MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                    TABLE 41 PROFESSIONAL SERVICES: ROAD SAFETY MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 42 PROFESSIONAL SERVICES: ROAD SAFETY MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                    TABLE 43 PROFESSIONAL SERVICES: ROAD SAFETY MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.3.1.1 Consulting and training
                               TABLE 44 CONSULTING AND TRAINING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                               TABLE 45 CONSULTING AND TRAINING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.3.1.2 System integration and deployment
                               TABLE 46 SYSTEM INTEGRATION AND DEPLOYMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                               TABLE 47 SYSTEM INTEGRATION AND DEPLOYMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.3.1.3 Support and maintenance
                               TABLE 48 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                               TABLE 49 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.3.2 MANAGED SERVICES
                    TABLE 50 MANAGED SERVICES: ROAD SAFETY MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                    TABLE 51 MANAGED SERVICES: ROAD SAFETY MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

7 ROAD SAFETY MARKET, BY REGION (Page No. - 91)
    7.1 INTRODUCTION
           FIGURE 27 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
           FIGURE 28 ASIA PACIFIC TO ACCOUNT FOR THE HIGHEST CAGR DURING THE FORECAST PERIOD
           TABLE 52 ROAD SAFETY MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
           TABLE 53 ROAD SAFETY MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.2 NORTH AMERICA
           7.2.1 NORTH AMERICA: ROAD SAFETY MARKET DRIVERS
           7.2.2 NORTH AMERICA: ROAD SAFETY REGULATIONS
           7.2.3 NORTH AMERICA: COVID-19 IMPACT
                    FIGURE 29 NORTH AMERICA: MARKET SNAPSHOT
                    TABLE 54 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
                    TABLE 55 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                    TABLE 56 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY SOLUTIONS, 2016–2020 (USD MILLION)
                    TABLE 57 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 58 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY ENFORCEMENT SOLUTION, 2016–2020 (USD MILLION)
                    TABLE 59 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY ENFORCEMENT SOLUTION, 2021–2026 (USD MILLION)
                    TABLE 60 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY SERVICES, 2016–2020 (USD MILLION)
                    TABLE 61 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY SERVICES, 2021–2026 (USD MILLION)
                    TABLE 62 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY PROFESSIONAL SERVICES, 2016–2020 (USD MILLION)
                    TABLE 63 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY PROFESSIONAL SERVICES, 2021–2026 (USD MILLION)
                    TABLE 64 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
                    TABLE 65 NORTH AMERICA: ROAD SAFETY MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           7.2.4 US
           7.2.5 CANADA
    7.3 EUROPE
           7.3.1 EUROPE: ROAD SAFETY MARKET DRIVERS
           7.3.2 EUROPE: ROAD SAFETY REGULATIONS
           7.3.3 EUROPE: COVID-19 IMPACT
                    TABLE 66 EUROPE: ROAD SAFETY MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
                    TABLE 67 EUROPE: ROAD SAFETY MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                    TABLE 68 EUROPE: ROAD SAFETY MARKET SIZE, BY SOLUTIONS, 2016–2020 (USD MILLION)
                    TABLE 69 EUROPE: ROAD SAFETY MARKET SIZE, BY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 70 EUROPE: ROAD SAFETY MARKET SIZE, BY ENFORCEMENT SOLUTION, 2016–2020 (USD MILLION)
                    TABLE 71 EUROPE: ROAD SAFETY MARKET SIZE, BY ENFORCEMENT SOLUTION, 2021–2026 (USD MILLION)
                    TABLE 72 EUROPE: ROAD SAFETY MARKET SIZE, BY SERVICES, 2016–2020 (USD MILLION)
                    TABLE 73 EUROPE: ROAD SAFETY MARKET SIZE, BY SERVICES, 2021–2026 (USD MILLION)
                    TABLE 74 EUROPE: ROAD SAFETY MARKET SIZE, BY PROFESSIONAL SERVICES, 2016–2020 (USD MILLION)
                    TABLE 75 EUROPE: ROAD SAFETY MARKET SIZE, BY PROFESSIONAL SERVICES, 2021–2026 (USD MILLION)
                    TABLE 76 EUROPE: ROAD SAFETY MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
                    TABLE 77 EUROPE: ROAD SAFETY MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           7.3.4 UK
           7.3.5 GERMANY
           7.3.6 UKRAINE
           7.3.7 EASTERN EUROPE AND BALKAN COUNTRIES
           7.3.8 REST OF EUROPE
    7.4 ASIA PACIFIC
           7.4.1 ASIA PACIFIC: ROAD SAFETY MARKET DRIVERS
           7.4.2 ASIA PACIFIC: ROAD SAFETY REGULATIONS
           7.4.3 ASIA PACIFIC: COVID-19 IMPACT
                    FIGURE 30 ASIA PACIFIC: MARKET SNAPSHOT
                    TABLE 78 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
                    TABLE 79 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                    TABLE 80 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY SOLUTIONS, 2016–2020 (USD MILLION)
                    TABLE 81 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 82 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY ENFORCEMENT SOLUTION, 2016–2020 (USD MILLION)
                    TABLE 83 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY ENFORCEMENT SOLUTION, 2021–2026 (USD MILLION)
                    TABLE 84 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY SERVICES, 2016–2020 (USD MILLION)
                    TABLE 85 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY SERVICES, 2021–2026 (USD MILLION)
                    TABLE 86 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY PROFESSIONAL SERVICES, 2016–2020 (USD MILLION)
                    TABLE 87 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY PROFESSIONAL SERVICES, 2021–2026 (USD MILLION)
                    TABLE 88 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
                    TABLE 89 ASIA PACIFIC: ROAD SAFETY MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           7.4.4 CHINA
           7.4.5 JAPAN
           7.4.6 SINGAPORE
           7.4.7 AUSTRALIA AND NEW ZEALAND
           7.4.8 PAKISTAN
           7.4.9 KAZAKHSTAN
           7.4.10 REST OF ASIA PACIFIC
    7.5 MIDDLE EAST AND AFRICA
           7.5.1 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET DRIVERS
           7.5.2 MIDDLE EAST AND AFRICA: ROAD SAFETY REGULATIONS
           7.5.3 MIDDLE EAST AND AFRICA: COVID-19 IMPACT
                    TABLE 90 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
                    TABLE 91 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                    TABLE 92 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY SOLUTIONS, 2016–2020 (USD MILLION)
                    TABLE 93 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 94 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY ENFORCEMENT SOLUTION, 2016–2020 (USD MILLION)
                    TABLE 95 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY ENFORCEMENT SOLUTION, 2021–2026 (USD MILLION)
                    TABLE 96 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY SERVICES, 2016–2020 (USD MILLION)
                    TABLE 97 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY SERVICES, 2021–2026 (USD MILLION)
                    TABLE 98 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY PROFESSIONAL SERVICES, 2016–2020 (USD MILLION)
                    TABLE 99 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY PROFESSIONAL SERVICES, 2021–2026 (USD MILLION)
                    TABLE 100 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
                    TABLE 101 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           7.5.4 KINGDOM OF SAUDI ARABIA
           7.5.5 QATAR
           7.5.6 UNITED ARAB EMIRATES
           7.5.7 SOUTH AFRICA
           7.5.8 REST OF MIDDLE EAST AND AFRICA
    7.6 LATIN AMERICA
           7.6.1 LATIN AMERICA: ROAD SAFETY MARKET DRIVERS
           7.6.2 LATIN AMERICA: ROAD SAFETY MARKET REGULATIONS
           7.6.3 LATIN AMERICA: COVID-19 IMPACT
                    TABLE 102 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
                    TABLE 103 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                    TABLE 104 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY SOLUTIONS, 2016–2020 (USD MILLION)
                    TABLE 105 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY SOLUTIONS, 2021–2026 (USD MILLION)
                    TABLE 106 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY ENFORCEMENT SOLUTION, 2016–2020 (USD MILLION)
                    TABLE 107 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY ENFORCEMENT SOLUTION, 2021–2026 (USD MILLION)
                    TABLE 108 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY SERVICES, 2016–2020 (USD MILLION)
                    TABLE 109 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY SERVICES, 2021–2026 (USD MILLION)
                    TABLE 110 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY PROFESSIONAL SERVICES, 2016–2020 (USD MILLION)
                    TABLE 111 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY PROFESSIONAL SERVICES, 2021–2026 (USD MILLION)
                    TABLE 112 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
                    TABLE 113 LATIN AMERICA: ROAD SAFETY MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           7.6.4 BRAZIL
           7.6.5 MEXICO
           7.6.6 REST OF LATIN AMERICA

8 COMPETITIVE LANDSCAPE (Page No. - 123)
    8.1 OVERVIEW
    8.2 MARKET STRUCTURE
           TABLE 114 ROAD SAFETY MARKET: DEGREE OF COMPETITION
    8.3 HISTORICAL REVENUE ANALYSIS
           FIGURE 31 REVENUE ANALYSIS OF THE TOP MARKET PLAYERS, 2016–2020
    8.4 MARKET EVALUATION FRAMEWORK
           FIGURE 32 MARKET EVALUATION FRAMEWORK: EXPANSIONS AND CONSOLIDATIONS IN THE ROAD SAFETY MARKET BETWEEN 2019 AND 2022
    8.5 REVENUE ANALYSIS OF LEADING PLAYERS
           FIGURE 33 ROAD SAFETY MARKET: REVENUE ANALYSIS
    8.6 RANKING OF KEY PLAYERS
           FIGURE 34 RANKING OF KEY ROAD SAFETY MARKET PLAYERS
           FIGURE 35 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE ROAD SAFETY MARKET DURING 2019–2021
    8.7 COMPANY EVALUATION MATRIX
           8.7.1 STAR
           8.7.2 EMERGING LEADER
           8.7.3 PERVASIVE
           8.7.4 PARTICIPANT
                    FIGURE 36 GLOBAL ROAD SAFETY MARKET: COMPANY EVALUATION MATRIX, 2022
    8.8 PRODUCT PORTFOLIO ANALYSIS OF MAJOR PLAYERS
           TABLE 115 COMPANY FOOTPRINT ANALYSIS: ROAD SAFETY MARKET
           TABLE 116 COMPANY COMPONENT FOOTPRINT: ROAD SAFETY MARKET
           TABLE 117 COMPANY REGION FOOTPRINT: ROAD SAFETY MARKET
    8.9 COMPETITIVE SCENARIO
           8.9.1 NEW SERVICE/PRODUCT LAUNCHES
                    TABLE 118 NEW SERVICE/PRODUCT LAUNCHES, 2019–2022
           8.9.2 DEALS
                    TABLE 119 DEALS, 2019–2022
    8.10 STARTUP/SME EVALUATION MATRIX
           TABLE 120 ROAD SAFETY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
           TABLE 121 ROAD SAFETY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
           8.10.1 PROGRESSIVE COMPANIES
           8.10.2 RESPONSIVE COMPANIES
           8.10.3 DYNAMIC COMPANIES
           8.10.4 STARTING BLOCKS
                     FIGURE 37 ROAD SAFETY MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX

9 COMPANY PROFILES (Page No. - 135)
    9.1 MAJOR PLAYERS
(Business overview, Products/Solutions/Services offered, COVID-19 Impact, MNM view, Key strengths/Right to win, Strategic choices made, and Weaknesses and competitive threats)* 
           9.1.1 JENOPTIK
                    TABLE 122 JENOPTIK: BUSINESS OVERVIEW
                    FIGURE 38 JENOPTIK: COMPANY SNAPSHOT
                    TABLE 123 JENOPTIK: PRODUCTS/SOLUTIONS/SERVICES OFFERED
           9.1.2 KAPSCH TRAFFICCOM
                    TABLE 124 KAPSCH TRAFFICCOM: BUSINESS OVERVIEW
                    FIGURE 39 KAPSCH TRAFFICCOM: COMPANY SNAPSHOT
                    TABLE 125 KAPSCH TRAFFICCOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                    TABLE 126 KAPSCH TRAFFICCOM: PRODUCT/SOLUTION/SERVICE LAUNCH
                    TABLE 127 KAPSCH TRAFFICCOM: DEALS
           9.1.3 SENSYS GATSO GROUP
                    TABLE 128 SENSYS GATSO GROUP: BUSINESS OVERVIEW
                    FIGURE 40 SENSYS GATSO GROUP: COMPANY SNAPSHOT
                    TABLE 129 SENSYS GATSO GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                    TABLE 130 SENSYS GATSO GROUP: DEALS
           9.1.4 VERRA MOBILITY
                    TABLE 131 VERRA MOBILITY: BUSINESS OVERVIEW
                    TABLE 132 VERRA MOBILITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                    TABLE 133 VERRA MOBILITY: DEALS
           9.1.5 TELEDYNE FLIR
                    TABLE 134 TELEDYNE FLIR: BUSINESS OVERVIEW
                    TABLE 135 TELEDYNE FLIR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                    TABLE 136 TELEDYNE FLIR: PRODUCT/SOLUTION/SERVICE LAUNCH
           9.1.6 MOTOROLA SOLUTIONS
                    TABLE 137 MOTOROLA SOLUTIONS: BUSINESS OVERVIEW
                    FIGURE 41 MOTOROLA SOLUTIONS: COMPANY SNAPSHOT
                    TABLE 138 MOTOROLA SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
           9.1.7 IDEMIA
                    TABLE 139 IDEMIA: BUSINESS OVERVIEW
                    TABLE 140 IDEMIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
           9.1.8 SWARCO
                    TABLE 141 SWARCO: BUSINESS OVERVIEW
                    TABLE 142 SWARCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                    TABLE 143 SWARCO: PRODUCT/SOLUTION/SERVICE LAUNCH
                    TABLE 144 SWARCO: DEALS
           9.1.9 VITRONIC
                    TABLE 145 VITRONIC: BUSINESS OVERVIEW
                    TABLE 146 VITRONIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                    TABLE 147 VITRONIC: PRODUCT/SOLUTION/SERVICE LAUNCH
                    TABLE 148 VITRONIC: DEALS
           9.1.10 SIEMENS
                    TABLE 149 SIEMENS: BUSINESS OVERVIEW
                    FIGURE 42 SIEMENS: COMPANY SNAPSHOT
                    TABLE 150 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                    TABLE 151 SIEMENS: DEALS
           9.1.11 CONDUENT
                    TABLE 152 CONDUENT: BUSINESS OVERVIEW
                    FIGURE 43 CONDUENT: COMPANY SNAPSHOT
                    TABLE 153 CONDUENT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
           9.1.12 CUBIC CORPORATION
                    TABLE 154 CUBIC CORPORATION: BUSINESS OVERVIEW
                    FIGURE 44 CUBIC CORPORATION: COMPANY SNAPSHOT
                    TABLE 155 CUBIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                    TABLE 156 CUBIC CORPORATION: DEALS
           9.1.13 DAHUA TECHNOLOGY
                    TABLE 157 DAHUA TECHNOLOGY: BUSINESS OVERVIEW
                    FIGURE 45 DAHUA TECHNOLOGY: COMPANY SNAPSHOT
                    TABLE 158 DAHUA TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                    TABLE 159 DAHUA TECHNOLOGY: DEALS
    9.2 OTHER PLAYERS
           9.2.1 LASER TECHNOLOGY
           9.2.2 TRAFFIC MANAGEMENT TECHNOLOGIES
           9.2.3 TRIFOIL
           9.2.4 KRIA
           9.2.5 SYNTELL
           9.2.6 TRUVELO
           9.2.7 CLEARVIEW INTELLIGENCE
           9.2.8 SIMICON
           9.2.9 FRED ENGINEERING
           9.2.10 KODIAK ROBOTICS
           9.2.11 HUMANISING AUTONOMY
           9.2.12 VEBITS AI
           9.2.13 CONNECTED WISE LLC
           9.2.14 SAFEROAD
           9.2.15 LIVEROAD ANALYTICS
*Details on Business overview, Products/Solutions/Services offered, COVID-19 Impact, MNM view, Key strengths/Right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies. 

10 APPENDIX (Page No. - 173)
     10.1 INTRODUCTION TO ADJACENT MARKETS
           TABLE 160 ADJACENT MARKETS AND FORECASTS
     10.2 LIMITATIONS
     10.3 TRAFFIC MANAGEMENT MARKET
             TABLE 161 TRAFFIC MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
             TABLE 162 TRAFFIC MANAGEMENT MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
             TABLE 163 TRAFFIC MANAGEMENT MARKET SIZE, BY SYSTEM, 2017–2020 (USD MILLION)
             TABLE 164 TRAFFIC MANAGEMENT MARKET SIZE, BY SYSTEM, 2021–2026 (USD MILLION)
     10.4 PUBLIC SAFETY AND SECURITY MARKET
             TABLE 165 COMPONENT: PUBLIC SAFETY AND SECURITY MARKET SIZE, BY PRE-COVID-19 SCENARIO, 2020–2025 (USD MILLION)
             TABLE 166 COMPONENT: PUBLIC SAFETY AND SECURITY MARKET SIZE, 2014–2019 (USD MILLION)
             TABLE 167 COMPONENT: PUBLIC SAFETY AND SECURITY MARKET SIZE, BY POST-COVID-19 SCENARIO, 2020–2025 (USD MILLION)
             TABLE 168 SOLUTION: PUBLIC SAFETY AND SECURITY MARKET SIZE, BY PRE-COVID-19 SCENARIO, 2020–2025 (USD MILLION)
             TABLE 169 SOLUTION: PUBLIC SAFETY AND SECURITY MARKET SIZE, 2014–2019 (USD MILLION)
             TABLE 170 SOLUTION: PUBLIC SAFETY AND SECURITY MARKET SIZE, BY POST-COVID-19 SCENARIO, 2020–2025 (USD MILLION)
             TABLE 171 SERVICES: PUBLIC SAFETY AND SECURITY MARKET SIZE, BY PRE-COVID-19 SCENARIO, 2020–2025 (USD MILLION)
             TABLE 172 SERVICES: PUBLIC SAFETY AND SECURITY MARKET SIZE, 2014–2019 (USD MILLION)
             TABLE 173 SERVICES: PUBLIC SAFETY AND SECURITY MARKET SIZE, BY POST-COVID-19 SCENARIO, 2020–2025 (USD MILLION)
             TABLE 174 VERTICAL: PUBLIC SAFETY AND SECURITY MARKET SIZE, BY PRE-COVID-19 SCENARIO, 2020–2025 (USD MILLION)
             TABLE 175 VERTICAL: PUBLIC SAFETY AND SECURITY MARKET SIZE, 2014–2019 (USD MILLION)
             TABLE 176 VERTICAL: PUBLIC SAFETY AND SECURITY MARKET SIZE, BY POST-COVID-19 SCENARIO, 2020–2025 (USD MILLION)
     10.5 SMART TRANSPORTATION MARKET
             TABLE 177 SMART TRANSPORTATION MARKET SIZE, BY TRANSPORTATION MODE, 2016–2019 (USD MILLION)
             TABLE 178 SMART TRANSPORTATION MARKET SIZE, BY TRANSPORTATION MODE, 2019–2025 (USD MILLION)
             TABLE 179 SMART TRANSPORTATION MARKET SIZE, BY SOLUTION IN ROADWAYS, 2016–2019 (USD MILLION)
             TABLE 180 SMART TRANSPORTATION MARKET SIZE, BY SOLUTION IN ROADWAYS, 2019–2025 (USD MILLION)
     10.6 DISCUSSION GUIDE
     10.7 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     10.8 AVAILABLE CUSTOMIZATION
     10.9 RELATED REPORTS
     10.1 AUTHOR DETAILS

Extensive secondary sources, directories, and databases, such as Factiva, Hoovers, and Bloomberg Businessweek, were used to identify and collect information useful for this comprehensive market research study on the global Road Safety Market.

Secondary Research

The market for the companies offering road safety solutions and services for various verticals is arrived at based on the secondary data available through paid and unpaid sources, and by analyzing the product portfolio of major companies in the ecosystem and rating them based on their performance and quality. In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included annual reports, press releases and investor presentations of companies, white papers, journals, and certified publications and articles from recognized authors, directories, and databases.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from the market and technology-oriented perspectives, all of which were further validated by primary sources. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Technology Officers (CTOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related key executives from road safety solution vendors, system integrators, professional and managed service providers, industry associations, and consultants; and key opinion leaders. Primary interviews were conducted to gather insights, such as market statistics, data of revenue collected from products and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, deployment, and region. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Finance Officers (CFOs), Chief Strategy Officers (CSOs), and the installation teams of end users who use road safety solutions were interviewed to understand the buyer’s perspective on the suppliers, products, service providers, and their current usage of road safety solutions, which is expected to affect the overall road safety market.

Encryption Software Market   Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Multiple approaches were adopted for the estimation and forecasting of the road safety market. The first approach involves the estimation of the market size by summation of companies’ revenue generated through the road safety solutions and services.

In the top-down approach, an exhaustive list of all the vendors that offer solutions and services in the road safety market was prepared. The revenue contribution for all the vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor was evaluated based on their products/services by component and region. The aggregate of all companies’ revenue was extrapolated to reach the overall market size. Each subsegment was studied and analyzed for its global market size and regional penetration.

Data Triangulation

Report Objectives

  • To define, describe, and forecast the road safety market by component and region.
  • To determine and forecast the global market based on component, and region with respect to individual growth trends and contributions toward the overall market.
  • To forecast the size of the market segments with respect to five main regions—North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), Latin America.
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the total market.
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the road safety market.
  • To profile the key market players comprising top vendors, provide comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the market’s competitive landscape
  • To track and analyze competitive developments, such as acquisitions; new product launches and product enhancements; agreements, partnerships, and collaborations; expansions; and Research and Development (R&D) activities, in the market.
  • To analyze the impact of the COVID-19 outbreak on the growth of the market.

Available Customizations

Along with the 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 the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
TC 2475
Published ON
Mar, 2022
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