Road Safety Market

Road Safety Market by Solution (Red Light, Speed, Bus Lane, Section Enforcement, ALPR/ANPR), Service (Consulting and Training, System Integration and Deployment, and Support and Maintenance), and Region - Global Forecast to 2025

Report Code: TC 2475 Sep, 2020, by marketsandmarkets.com

[223 Pages Report] The global road safety market size is expected to grow from USD 3.0 billion in 2020 to USD 4.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period. Major factors driving the road safety market include rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety.

Road Safety Market

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COVID-19 impact on the global road safety market

The rise in the number of COVID-19 cases has caused a major blow to the transportation industry. With most governments enforcing isolation practices, there is a substantial decline in the road transportation industry. The US is experiencing the early stages of the pandemic; however, a drop in passenger numbers can already be seen. In New York, ridership on the subway is dramatically down; March 11 saw 948,000 fewer trips than an average weekday in January. This trend is also being seen in other US cities, such as San Francisco’s Bay Area Rapid Transit (BART), which has reported an 85% decline in ridership and a 50% reduction of economic activity. In some areas of the US, services are already now closing, such as city-run buses in Great Falls, Montana, which will not resume services until at least March 27. However, with the increasing workplace closures and the dramatic decline in aviation passengers, taxis and ride hailing providers are beginning to feel the effects. Uber, which normally relies on 15% of gross bookings coming from air passengers, voiced concerns of potential impacts early on. Uber has now, alongside Lyft, suspended pool rides in the US and Canada, and ride hailing service GrabShare has taken this even further, suspending its services in certain areas of the Philippines until the public health situation de-escalates.

The ongoing projects related to electric vehicles have been stalled now, and most manufacturers of electric vehicles, such as Tesla, have shifted their focus toward manufacturing ventilators, which is the need of the hour. According to a report by the China Road Transport Association, with the cumulative data for the same period in January and February 2019, road passenger traffic decreased by 52.4% and road freight decreased by 24.8%.

Market Dynamics

Driver: Increasing number of road fatalities/accidents

According to the WHO Global Status Report on Road Safety 2018, there were 1.35 million road traffic deaths, and 20–50 million people were injured and disabled because of road accidents in 2018. More than 90% of deaths that result from road traffic injuries occur in low and middle-income countries. Road users, such as pedestrians, cyclists, and motorcyclists, are largely at risk of fatalities. Road traffic injuries are currently estimated to be the 8th leading cause of death across all age groups globally and are anticipated to become the 7th leading cause of death by 2030.

The data also suggests that road traffic deaths and injuries in low and middle-income countries are estimated to cause economic losses of up to 5% of GDP. More than half of global road traffic deaths are among the pedestrians, cyclists, and motorcyclists who are still too often neglected in road traffic system design in many countries. Africa has the highest death rate (26.6 per 100,000 population), while the average rate of 9.3 per 100,000 population in Europe is far less than the global average rate of 17.4 per 100,000 population. The newly adopted 2030 agenda for sustainable development has set an ambitious road safety target of lowering the global number of deaths and injuries from road traffic crashes by 2020.

The increasing number of road accidents and fatalities is driving 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 system 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 the connected technologies in vehicles and road infrastructure is affordability and availability of the connectivity.

There is a lack of standardization and uniformity in road safety solutions. The whole road safety system incorporates various hardware components and software that are offered by more than one vendor. In addition, the specification of the cameras, radars, sensors, tags, and other equipment vary across companies and are not compatible with every underlying platform. Moreover, different countries and regions have different communication, and network standards and protocols that limit the solution vendors from providing their services across the globe. For example, equipment obtained in Europe must work through the whole of Europe; equipment working in the US should continue to work in Canada and Mexico. Hence, a common protocol for communication and workflow for a road safety system is required across the globe for mass adoptions. Thus, the lack of nationally binding mandates, procedures, and specifications for the deployment of road safety solutions acts as a restraint.

The easiest way of communication may be the use of 3G, 4G, and 5G, as these technologies are adopted across borders. However, this type of connection is not ubiquitous and flawless, and therefore, presents some risks. Certainly, if one uses a connected technology for safety, the connection needs to be reliable as travelers would depend on it. Hence, 2.5G and 3G seem to be fit for commercial applications but not for road safety purpose, as this type of connectivity does not cover some geographies.

Furthermore, there is also an opportunity for the implementation of short-range communication technologies. These technologies fulfill the technical requirement for the V2V and Vehicle-to-Infrastructure (V2I) connection for safety. However, the deployment of this type of connection requires new infrastructure and raises several questions regarding users’ willingness to pay for this type of connection and the willingness of public authorities to invest in its deployment.

Also, the connection can be of a hybrid type and differ according to the geographic area and type of use. For example, short-range communication may be most relevant on highways to connect commercial vehicles, while, in cities, 3G and 4G communication may be sufficient as these technologies are already deployed. This type of hybrid communication system may be a settled or compromised solution combining the capability of the telecommunications’ operator-based system with the responsiveness of short-range technologies. An example of this combined communication approach is the development of CALM architecture by ISO TC 204. The architecture gives access to the most suitable communication network available. However, complexity and cost implications are expected to restrain market growth.

Opportunity: Drones for the enforcement of compliance due to the COVID-19 outbreak

It has become essential to enforce compliance across COVID-19-affected regions that act as a hotspot for the pandemic. Manned monitoring in such regions is also not an option, considering the severity at which the pandemic is spreading. Therefore, to save the citizens and manpower engaged in guarding areas, the focus is shifting toward the use of technologies, such as drone-based monitoring. Recently, a Shenzhen-based company, MicroMultiCopter deployed more than 100 drones in different Chinese cities to patrol areas and detect crowds and traffic in an efficient way. The aim is also to identify people who are not wearing masks in public spaces. Drones are also used for crowd management and the identification of people with high temperatures that can be potential carriers of the virus.

Drones are also being used in different countries, such as India, China, Spain, Indonesia, and Germany, to spread disinfectants for the sanitization of large areas. An additional use case of drones includes the broadcasting of information to a large area. In addition, drones are being used to monitor if patients under quarantine are maintaining compliance with rules. The use of drones relies heavily on IoT and communicates directly with controlling devices, such as remote-control devices, smartphones, tablets, and systems. The increased deployment of drones calls for real-time communication and connectivity and hence, provides a robust opportunity for the growth of the IoT technology.

Challenge: Growing concerns about the protection and privacy of personal information

The advancements of technology have brought many positive changes. Technologies and platforms, such as cloud, the internet, big data, and analytics, have revolutionized various fields of applications. Road safety is one such field, which has been changing with time and is successfully implementing these technologies for V2V and V2I connection. This connectivity has made every endpoint, gateway, sensor node, and network a potential target for hackers.

Within the road safety ecosystem, connected vehicles and connected road infrastructure will produce massive data. This data will be very valuable, and hackers will be equipped to exploit it easily. Also, this data can be conceivably used to advance infrastructures for road safety, traffic management alerts, and commercial purposes. For example, insurance firms can use the collected data for risk evaluation, and hence, data ownership needs to be defined. Also, this data will raise the key concern of privacy and will have the risk of being hacked.

In addition to this, concerns over personal information protection are rising. The upsurge in vehicle/infrastructure electronics and communications can elevate privacy and security issues. As these technologies collect comprehensive travel data, they could disrupt users’ expectation of privacy. Furthermore, third-party access to such data could also lead to marketable misuse, public corruption, and identity theft.

However, resolutions are expected to be developed to face this challenge. For example, according to the European Commission, governments, and other organizations, the development of the connected technologies must ensure the confidentiality, integrity, and protection of personal information concerning citizens’ rights. Moreover, to deal with privacy and security threats, some basic security measures, such as authentication and data analysis managed by separate entities; encryption incorporated connected vehicle architecture, data-refining techniques, and tamper-proof hardware.

Services segment to constitute a larger CAGR during the forecast period 

Based on component, the services segment of the road safety market is projected to grow at the highest CAGR from 2020 to 2025. As there is an increase in the adoption of road safety solutions, the associated services are also expected to be adopted rapidly. Road safety services are majorly deployed to enhance the existing infrastructure and also integrate the latest road safety solutions with the existing one.

Based on solutions sub-segment, the enforcement solution segment is expected to lead the road safety market in during the forecast period

Based on solutions sub-segment, the enforcement solution segment is projected to lead the road safety market from 2020 to 2025. Compliance through enforcement has conventionally been the responsibility of the local police; however, the sheer scale of road usage increases the need to detect the vast majority of offenses using modern electronic technologies that are more efficient than the previous methods of road traffic enforcement. Road safety enforcement solutions help the police and related authorities to enforce traffic law and perform traffic surveillance to improve road safety and increase public safety.

Road Safety Market by Region

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APAC region to grow at a highest CAGR during the forecast period

The global road safety market by region covers five major geographic regions: North America, Asia Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America. APAC is expected to grow at a highest CAGR during the forecast period. APAC constitutes major countries, such as China, Singapore, Japan, and the rest of APAC, which are increasingly contributing toward the development of data analytics solutions in the road safety market. The growing growth in Asia Pacific is attributed to the rising investments in the region, as well as increased adoption of IoT and automation technologies.

Key Market Players

The road safety market comprises major solution providers, such as Jenoptik (Germany), Kapsch TrafficCom (Austria), Sensys Gatso Group (Sweden), Redflex Holdings (Australia), Verra Mobility (US), IDEMIA (France), FLIR Systems (US), Motorola Solutions (US), SWARCO (Austria), Information Engineering Group Inc. (Canada), Cubic Corporation (US), Siemens (Germany), Conduent (US), VITRONIC (Germany), Kria (Italy), Laser Technology (US), Optotraffic, (US), Syntell (South Africa), Traffic Management Technologies (South Africa), AABMATICA (India), Clearview Intelligence (UK), Dahua Technology (China), Truvelo (UK), Trifoil (Sultanate of Oman), and Continental AG (Germany).

The study includes an in-depth competitive analysis of these key players in the road safety market with their company profiles, recent developments, and key market strategies.

Recent Developments:

  • In May 2019, Jenoptik signed an agreement with the city of Cologne to provide 10 semistationary speed monitoring devices with the TraffiStar S350 laser scanner This agreement aims to increase traffic safety in all city districts.
  • In March 2018, Jenoptik and Telco partnered with the Qatar Ministry of Interior to deliver 120 speed measurement systems. The partnership also included 6 radar-based mobile speed measurement systems to enhance speed enforcement and increase road safety in Qatar.
  • In February 2019, Kapsch TrafficCom signed a contract with the City Council of Avilιs (Spain), to renew the management of the traffic control system over the next 4 years. The contract, exceeding EUR 1 million in value, includes the implementation of EcoTrafiX, a system designed to capture, aggregate, archive, and monitor various sources of traffic data.
  • In April 2019, Redflex advanced its Halo platform with the launch of Halo Edge, a fully automated and integrated ANPR camera solution to deliver Clean Air / Low Emissions Zones coverage by vehicle detection, capture and monitoring compliance through processing the data from the Halo Edge intelligent cameras and other types of sensors (e.g., loops, radars, pollution sensors, rain sensors, parking meters, etc.)
  • In April 2019, Sensys Gatso through its subsidiary Sensys Gatso USA, has signed a 5-year contract extension for managed services with the city of Albany (New York). The automated red light camera enforcement program, which originally went into effect in 2015, will continue for five more years and has an approximate annual revenue value of USD 470K over the 5 years. With this contract Albany stakeholders focus on safer streets for their community, reduced intersection crashes, and improved driver behavior

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 INTRODUCTION TO COVID-19
    1.2 COVID-19 HEALTH ASSESSMENT
        FIGURE 1 COVID-19: THE 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
    1.6 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, 2017–2019
    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. - 32)
    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 MARKET
        FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY -APPROACH 2 - BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL SOLUTIONS/SERVICES IN THE 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 COMPETITIVE LEADERSHIP MAPPING RESEARCH METHODOLOGY
        FIGURE 10 COMPETITIVE LEADERSHIP MAPPING: CRITERIA WEIGHTAGE
    2.6 ASSUMPTIONS FOR THE STUDY
    2.7 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 41)
  TABLE 4 ROAD SAFETY MARKET SIZE AND GROWTH RATE, 2014–2019 (USD MILLION, Y-O-Y %)
  TABLE 5 MARKET SIZE AND GROWTH RATE, 2019–2025 (USD MILLION, Y-O-Y %)
  FIGURE 11 SOLUTIONS SEGMENT TO LEAD THE MARKET IN 2020
  FIGURE 12 ENFORCEMENT SOLUTIONS TO ACCOUNT FOR A HIGHER MARKET SHARE IN 2020
  FIGURE 13 RED LIGHT ENFORCEMENT SEGMENT TO HOLD THE LARGEST MARKET SIZE IN 2020
  FIGURE 14 PROFESSIONAL SERVICES SEGMENT TO HOLD A HIGHER MARKET SIZE IN 2020
  FIGURE 15 MARKET: REGIONAL SNAPSHOT

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE ROAD SAFETY MARKET
        FIGURE 16 RISING URBAN POPULATION AND HIGH DEMOGRAPHIC RATES TO DRIVE THE GROWTH OF MARKET FROM 2020 TO 2025
    4.2 NORTH AMERICA MARKET, BY COMPONENT AND COUNTRY
        FIGURE 17 SOLUTIONS SEGMENT AND THE UNITED STATES TO ACCOUNT FOR HIGH MARKET SHARES IN NORTH AMERICA IN 2020
    4.3 MARKET: BY REGION
        FIGURE 18 NORTH AMERICA TO HOLD THE HIGHEST MARKET SHARE IN 2020

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 49)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: ROAD SAFETY MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising urban population and high demographic rates
                    5.2.1.2 Rapid motorization
                    5.2.1.3 Increasing number of road fatalities/accidents
                    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 Designing and developing connected vehicles compatible with ITS
                    5.2.3.2 Public–private partnership ecosystem
                    5.2.3.3 Open data movement
                    5.2.3.4 Drones for the enforcement of compliance due to the COVID-19 outbreak
           5.2.4 CHALLENGES
                    5.2.4.1 Growing concerns about the protection and privacy of personal information
                    5.2.4.2 Lack of knowledge among people about IoT and smart cities
    5.3 ADJACENT/RELATED MARKETS
        TABLE 6 ROAD SAFETY MARKET: ADJACENT/RELATED MARKETS
    5.4 INDUSTRY TRENDS
           5.4.1 NATIONAL ROAD STRATEGIES ACROSS REGIONS
           5.4.2 CASE STUDY ANALYSIS
                    5.4.2.1 Case Study 1: Maryland State Highway Administration (SHA) Johnson Matthey uses automated speed enforcement using laser scanning detection to avoid crashes in freeway work zones
                    5.4.2.2 Case Study 2: Dahua Secures Mongolia City With Intelligent Traffic Solution
                    5.4.2.3 Case Study 3: Jenoptik LaneCheck system reduces incidence of drivers abusing the bus lanes with automatic bus lane cameras
    5.5 ROAD SAFETY ECOSYSTEM
        FIGURE 20 ROAD SAFETY: ECOSYSTEM
    5.6 DEMAND OVERVIEW
    5.7 TECHNOLOGICAL ANALYSIS
           5.7.1 ARTIFICIAL INTELLIGENCE
           5.7.2 BIG DATA AND ANALYTICS
           5.7.3 INTERNET OF THINGS
           5.7.4 BLOCKCHAIN

6 ROAD SAFETY MARKET: COVID-19 IMPACT (Page No. - 66)
  FIGURE 21 MARKET TO WITNESS A MINOR DECLINE BETWEEN 2020 AND 2021
  TABLE 7 PRE AND POST COVID-19 IMPACT ON MARKET

7 ROAD SAFETY MARKET, BY COMPONENT (Page No. - 68)
    7.1 INTRODUCTION
           7.1.1 COMPONENT: COVID-19 IMPACT
                 FIGURE 22 SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
                 TABLE 8 MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                 TABLE 9 MARKET SIZE, BY COMPONENT, 2019-2025 (USD MILLION)
    7.2 SOLUTIONS
           7.2.1 SOLUTIONS: MARKET DRIVERS
                 FIGURE 23 INCIDENT DETECTION AND RESPONSE SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                 TABLE 10 SOLUTIONS: ROAD SAFETY MARKET SIZE, BY TYPE, 2014–2019 (USD MILLION)
                 TABLE 11 SOLUTIONS: MARKET SIZE, BY TYPE, 2019–2025 (USD MILLION)
                 TABLE 12 SOLUTIONS: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 13 SOLUTIONS: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           7.2.2 ENFORCEMENT SOLUTION
                 FIGURE 24 SPEED ENFORCEMENT SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                 TABLE 14 ENFORCEMENT SOLUTION MARKET SIZE, BY TYPE, 2014–2019 (USD MILLION)
                 TABLE 15 ENFORCEMENT SOLUTION MARKET SIZE, BY TYPE, 2019–2025 (USD MILLION)
                    7.2.2.1 Red light enforcement
                            TABLE 16 RED LIGHT ENFORCEMENT MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                            TABLE 17 RED LIGHT ENFORCEMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    7.2.2.2 Speed enforcement
                            TABLE 18 SPEED ENFORCEMENT MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                            TABLE 19 SPEED ENFORCEMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    7.2.2.3 Bus lane enforcement
                            TABLE 20 BUS LANE ENFORCEMENT MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                            TABLE 21 BUS LANE ENFORCEMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    7.2.2.4 Section enforcement
                            TABLE 22 SECTION ENFORCEMENT MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                            TABLE 23 SECTION ENFORCEMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           7.2.3 AUTOMATIC LICENSE PLATE RECOGNITION/AUTOMATIC NUMBER PLATE RECOGNITION
                 TABLE 24 AUTOMATIC LICENSE PLATE RECOGNITION/AUTOMATIC NUMBER PLATE RECOGNITION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 25 AUTOMATIC LICENSE PLATE RECOGNITION/AUTOMATIC NUMBER PLATE RECOGNITION MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           7.2.4 INCIDENT DETECTION AND RESPONSE
                 TABLE 26 INCIDENT DETECTION AND RESPONSE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 27 INCIDENT DETECTION AND RESPONSE MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           7.2.5 OTHERS
                 TABLE 28 OTHERS MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 29 OTHERS MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    7.3 SERVICES
           7.3.1 SERVICES: ROAD SAFETY MARKET DRIVERS
                 FIGURE 25 MANAGED SERVICES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
                 TABLE 30 SERVICES: MARKET SIZE, BY TYPE, 2014-2019 (USD MILLION)
                 TABLE 31 SERVICES: MARKET SIZE, BY TYPE, 2019-2025 (USD MILLION)
                 TABLE 32 SERVICES: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 33 SERVICES: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           7.3.2 PROFESSIONAL SERVICES
                 FIGURE 26 SUPPORT AND MAINTENANCE SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                 TABLE 34 PROFESSIONAL SERVICES: MARKET SIZE, BY TYPE, 2014–2019 (USD MILLION)
                 TABLE 35 PROFESSIONAL SERVICES: MARKET SIZE, BY TYPE, 2019–2025 (USD MILLION)
                 TABLE 36 PROFESSIONAL SERVICES: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 37 PROFESSIONAL SERVICES: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    7.3.2.1 Consulting and training
                            TABLE 38 CONSULTING AND TRAINING MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                            TABLE 39 CONSULTING AND TRAINING MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    7.3.2.2 System integration and deployment
                            TABLE 40 SYSTEM INTEGRATION AND DEPLOYMENT MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                            TABLE 41 SYSTEM INTEGRATION AND DEPLOYMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    7.3.2.3 Support and maintenance
                            TABLE 42 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                            TABLE 43 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           7.3.3 MANAGED SERVICES
                 TABLE 44 MANAGED SERVICES: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                 TABLE 45 MANAGED SERVICES: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)

8 ROAD SAFETY MARKET, BY REGION (Page No. - 90)
    8.1 INTRODUCTION
        FIGURE 27 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
        FIGURE 28 SINGAPORE TO ACCOUNT FOR THE HIGHEST CAGR DURING THE FORECAST PERIOD
        TABLE 46 MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
        TABLE 47 MARKET, BY REGION, 2019–2025 (USD MILLION)
    8.2 NORTH AMERICA
           8.2.1 NORTH AMERICA: COVID-19 IMPACT
           8.2.2 NORTH AMERICA: ROAD SAFETY MARKET DRIVERS
                 FIGURE 29 NORTH AMERICA: MARKET SNAPSHOT
                 TABLE 48 NORTH AMERICA: MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                 TABLE 49 NORTH AMERICA: MARKET SIZE, BY COMPONENT,  2019–2025 (USD MILLION)
                 TABLE 50 NORTH AMERICA: MARKET SIZE, BY SOLUTION, 2014–2019 (USD MILLION)
                 TABLE 51 NORTH AMERICA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 52 NORTH AMERICA: MARKET SIZE, BY ENFORCEMENT SOLUTION, 2014–2019 (USD MILLION)
                 TABLE 53 NORTH AMERICA: MARKET SIZE, BY ENFORCEMENT SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 54 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                 TABLE 55 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 56 NORTH AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2014–2019 (USD MILLION)
                 TABLE 57 NORTH AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 58 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                 TABLE 59 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           8.2.3 UNITED STATES
           8.2.4 CANADA
    8.3 EUROPE
           8.3.1 EUROPE: COVID-19 IMPACT
           8.3.2 EUROPE: ROAD SAFETY MARKET DRIVERS
                 TABLE 60 EUROPE: MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                 TABLE 61 EUROPE: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 62 EUROPE: MARKET SIZE, BY SOLUTION, 2014–2019 (USD MILLION)
                 TABLE 63 EUROPE: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 64 EUROPE: MARKET SIZE, BY ENFORCEMENT SOLUTION, 2014–2019 (USD MILLION)
                 TABLE 65 EUROPE: MARKET SIZE, BY ENFORCEMENT SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 66 EUROPE: MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                 TABLE 67 EUROPE: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 68 EUROPE: MARKET SIZE, BY PROFESSIONAL SERVICE, 2014–2019 (USD MILLION)
                 TABLE 69 EUROPE: MARKET SIZE, BY PROFESSIONAL SERVICE,2019–2025 (USD MILLION)
                 TABLE 70 EUROPE: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                 TABLE 71 EUROPE: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           8.3.3 UNITED KINGDOM
           8.3.4 GERMANY
           8.3.5 REST OF EUROPE
    8.4 ASIA PACIFIC
           8.4.1 ASIA PACIFIC: ROAD SAFETY MARKET DRIVERS
           8.4.2 ASIA PACIFIC: COVID-19 IMPACT
                 FIGURE 30 ASIA PACIFIC: MARKET SNAPSHOT
                 TABLE 72 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                 TABLE 73 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 74 ASIA PACIFIC: MARKET SIZE, BY SOLUTION, 2014–2019 (USD MILLION)
                 TABLE 75 ASIA PACIFIC: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 76 ASIA PACIFIC: MARKET SIZE, BY ENFORCEMENT SOLUTION, 2014–2019 (USD MILLION)
                 TABLE 77 ASIA PACIFIC: MARKET SIZE, BY ENFORCEMENT SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 78 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                 TABLE 79 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 80 ASIA PACIFIC: MARKET SIZE, BY PROFESSIONAL SERVICE, 2014–2019 (USD MILLION)
                 TABLE 81 ASIA PACIFIC: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 82 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                 TABLE 83 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           8.4.3 CHINA
           8.4.4 JAPAN
           8.4.5 SINGAPORE
           8.4.6 AUSTRALIA AND NEW ZEALAND
           8.4.7 REST OF ASIA PACIFIC
    8.5 MIDDLE EAST AND AFRICA
           8.5.1 MIDDLE EAST AND AFRICA: ROAD SAFETY MARKET DRIVERS
           8.5.2 MIDDLE EAST AND AFRICA: COVID-19 IMPACT
                 TABLE 84 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                 TABLE 85 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 86 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SOLUTION, 2014–2019 (USD MILLION)
                 TABLE 87 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 88 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ENFORCEMENT SOLUTION, 2014–2019 (USD MILLION)
                 TABLE 89 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ENFORCEMENT SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 90 MIDDLE EAST: MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                 TABLE 91 MIDDLE EAST: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 92 MIDDLE EAST: MARKET SIZE, BY PROFESSIONAL SERVICE, 2014–2019 (USD MILLION)
                 TABLE 93 MIDDLE EAST: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 94 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                 TABLE 95 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           8.5.3 KINGDOM OF SAUDI ARABIA
           8.5.4 QATAR
           8.5.5 UNITED ARAB EMIRATES
           8.5.6 SOUTH AFRICA
           8.5.7 REST OF MIDDLE EAST AND AFRICA
    8.6 LATIN AMERICA
           8.6.1 LATIN AMERICA: ROAD SAFETY MARKET DRIVERS
           8.6.2 LATIN AMERICA: COVID-19 IMPACT
                 TABLE 96 LATIN AMERICA: MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                 TABLE 97 LATIN AMERICA: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 98 LATIN AMERICA: MARKET SIZE, BY SOLUTION, 2014–2019 (USD MILLION)
                 TABLE 99 LATIN AMERICA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 100 LATIN AMERICA: MARKET SIZE, BY ENFORCEMENT SOLUTION, 2014–2019 (USD MILLION)
                 TABLE 101 LATIN AMERICA: MARKET SIZE, BY ENFORCEMENT SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 102 LATIN AMERICA: MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                 TABLE 103 LATIN AMERICA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 104 LATIN AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2014–2019 (USD MILLION)
                 TABLE 105 LATIN AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2019–2025 (USD MILLION)
                 TABLE 106 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                 TABLE 107 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           8.6.3 BRAZIL
           8.6.4 MEXICO
           8.6.5 REST OF LATIN AMERICA

9 COMPETITIVE LANDSCAPE (Page No. - 127)
    9.1 COMPETITIVE LEADERSHIP MAPPING
           9.1.1 VISIONARY LEADERS
           9.1.2 INNOVATORS
           9.1.3 DYNAMIC DIFFERENTIATORS
           9.1.4 EMERGING COMPANIES
                 FIGURE 31 ROAD SAFETY MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING
    9.2 STRENGTH OF PRODUCT PORTFOLIO
        FIGURE 32 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
    9.3 BUSINESS STRATEGY EXCELLENCE
        FIGURE 33 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
    9.4 KEY VENDORS IN THE MARKET, 2019
        FIGURE 34 KEY PLAYERS OF THE MARKET, 2019

10 COMPANY PROFILES (Page No. - 132)
(Business Overview, Solutions, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     10.1 JENOPTIK
          FIGURE 35 JENOPTIK: COMPANY SNAPSHOT
          FIGURE 36 JENOPTIK: SWOT ANALYSIS
     10.2 KAPSCH TRAFFICCOM
          FIGURE 37 KAPSCH TRAFFICCOM: COMPANY SNAPSHOT
          FIGURE 38 KAPSCH TRAFFICCOM: SWOT ANALYSIS
     10.3 SENSYS GATSO GROUP
          FIGURE 39 SENSYS GATSO GROUP: COMPANY SNAPSHOT
          FIGURE 40 SENSYS GATSO GROUP: SWOT ANALYSIS
     10.4 REDFLEX HOLDINGS
          FIGURE 41 REDFLEX HOLDINGS: COMPANY SNAPSHOT
          FIGURE 42 REDFLEX HOLDINGS: SWOT ANALYSIS
     10.5 IDEMIA
     10.6 VERRA MOBILITY
          FIGURE 43 VERRA MOBILITY: SWOT ANALYSIS
     10.7 SWARCO
     10.8 FLIR SYSTEMS
          FIGURE 44 FLIR SYSTEMS: COMPANY SNAPSHOT
     10.9 MOTOROLA SOLUTIONS
          FIGURE 45 MOTOROLA SOLUTIONS: COMPANY SNAPSHOT
     10.10 SIEMENS
           FIGURE 46 SIEMENS: COMPANY SNAPSHOT
     10.11 CUBIC CORPORATION
           FIGURE 47 CUBIC CORPORATION: COMPANY SNAPSHOT
     10.12 CONDUENT
           FIGURE 48 CONDUENT: COMPANY SNAPSHOT
     10.13 INFORMATION ENGINEERING GROUP
     10.14 TRAFFIC MANAGEMENT TECHNOLOGIES
     10.15 AABMATICA
     10.16 CLEARVIEW INTELLIGENCE
     10.17 DAHUA TECHNOLOGY
     10.18 TRIFOIL
     10.19 KRIA
     10.20 LASER TECHNOLOGY
     10.21 OPTOTRAFFIC
     10.22 SYNTELL
     10.23 TRUVELO
     10.24 VITRONIC
     10.25 CONTINENTAL AG

*Details on Business Overview, Solutions, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

11 ADJACENT MARKETS (Page No. - 184)
     11.1 SMART HIGHWAY MARKET
             11.1.1 MARKET DEFINITION
             11.1.2 MARKET OVERVIEW
             11.1.3 SMART HIGHWAY MARKET, BY TECHNOLOGY
                    TABLE 108 SMART HIGHWAY MARKET SIZE, BY TECHNOLOGY, 2014–2019 (USD MILLION)
                    TABLE 109 INTELLIGENT TRANSPORTATION MANAGEMENT SYSTEM MARKET SIZE, BY TECHNOLOGY, 2014–2019 (USD MILLION)
                    TABLE 110 INTELLIGENT TRANSPORTATION MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 111 INTELLIGENT TRANSPORTATION MANAGEMENT SYSTEM MARKET SIZE, BY DEPLOYMENT 2014–2019 (USD MILLION)
                    TABLE 112 AUTOMATIC NUMBER PLATE RECOGNITION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 113 AUTOMATIC NUMBER PLATE RECOGNITION MARKET SIZE, BY DEPLOYMENT, 2014–2019 (USD MILLION)
                    TABLE 114 INCIDENT DETECTION SYSTEM (IDS) MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 115 INCIDENT DETECTION SYSTEM MARKET SIZE, BY DEPLOYMENT, 2014–2019 (USD MILLION)
                    TABLE 116 RADIO FREQUENCY IDENTIFICATION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 117 RADIO FREQUENCY IDENTIFICATION MARKET SIZE, BY DEPLOYMENT, 2014–2019 (USD MILLION)
                    TABLE 118 INTELLIGENT TRAFFIC MANAGEMENT SYSTEM MARKET SIZE, BY TECHNOLOGY, 2014–2019 (USD MILLION)
                    TABLE 119 INTELLIGENT TRAFFIC MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 120 INTELLIGENT TRAFFIC MANAGEMENT SYSTEM MARKET SIZE, BY DEPLOYMENT, 2014–2019 (USD MILLION)
                    TABLE 121 GLOBAL NAVIGATION SATELLITE SYSTEM/GLOBAL POSITIONING SYSTEM MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 122 COMMUNICATION SYSTEM MARKET SIZE, BY TECHNOLOGY, 2014–2019 (USD MILLION)
                    TABLE 123 COMMUNICATION SYSTEM MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
                    TABLE 124 COMMUNICATION SYSTEM, MARKET SIZE, BY DEPLOYMENT, 2014–2019 (USD MILLION)
                    TABLE 125 MONITORING SYSTEM MARKET SIZE, BY TECHNOLOGY, 2014–2019 (USD MILLION)
                    TABLE 126 MONITORING SYSTEM MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 127 VIDEO SURVEILLANCE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
             11.1.4 SMART HIGHWAY MARKET, BY DISPLAY
                    TABLE 128 SMART HIGHWAYS MARKET SIZE, BY DISPLAY, 2014–2019 (USD MILLION)
                    TABLE 129 VARIABLE MESSAGE SIGNS MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 130 DIGITAL SIGNAGE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 131 OTHERS MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
             11.1.5 SMART HIGHWAY MARKET, BY SERVICE
                    TABLE 132 SMART HIGHWAYS MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                    TABLE 133 MANAGED SERVICES MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 134 MAINTENANCE AND OPERATION SERVICES MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 135 CONSULTANCY SERVICES MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
             11.1.6 SMART HIGHWAY MARKET, BY REGION
                    TABLE 136 SMART HIGHWAYS MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                    TABLE 137 NORTH AMERICA MARKET SIZE, BY TYPE, 2014 –2019 (USD MILLION)
                    TABLE 138 EUROPE MARKET SIZE, BY TYPE, 2014–2019 (USD MILLION)
                    TABLE 139 ASIA PACIFIC MARKET SIZE, BY TYPE, 2014–2019 (USD MILLION)
                    TABLE 140 MIDDLE EAST AFRICA MARKET SIZE, BY TYPE, 2013–2019 (USD MILLION)
                    TABLE 141 LATIN AMERICA MARKET SIZE, BY TYPE, 2014–2019 (USD MILLION)
     11.2 TRAFFIC MANAGEMENT MARKET
             11.2.1 MARKET DEFINITION
             11.2.2 MARKET OVERVIEW
             11.2.3 TRAFFIC MANAGEMENT MARKET, BY COMPONENT
                    TABLE 142 TRAFFIC MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
             11.2.4 TRAFFIC MANAGEMENT MARKET, BY SOLUTION
                    TABLE 143 SOLUTIONS: TRAFFIC MANAGEMENT MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                    TABLE 144 SMART SURVEILLANCE: TRAFFIC MANAGEMENT MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                    TABLE 145 VIDEO ANALYTICS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
                    TABLE 146 HARDWARE: TRAFFIC MANAGEMENT MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                    TABLE 147 SENSORS: TRAFFIC MANAGEMENT MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
             11.2.5 TRAFFIC MANAGEMENT MARKET, BY SERVICE
                    TABLE 148 SERVICES: TRAFFIC MANAGEMENT MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
             11.2.6 TRAFFIC MANAGEMENT MARKET, BY SYSTEM
                    TABLE 149 SYSTEMS: TRAFFIC MANAGEMENT MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
             11.2.7 TRAFFIC MANAGEMENT MARKET, BY REGION
                    TABLE 150 TRAFFIC MANAGEMENT MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
                    TABLE 151 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
                    TABLE 152 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY HARDWARE, 2017–2024 (USD MILLION)
                    TABLE 153 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SENSOR, 2017–2024 (USD MILLION)
                    TABLE 154 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SOLUTION, 2017–2024 (USD MILLION)
                    TABLE 155 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SMART SURVEILLANCE TYPE, 2017–2024 (USD MILLION)
                    TABLE 156 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY VIDEO ANALYTICS APPLICATION, 2017–2024 (USD MILLION)
                    TABLE 157 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
                    TABLE 158 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SYSTEM, 2017–2024 (USD MILLION)
                    TABLE 159 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                    TABLE 160 EUROPE: TRAFFIC MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
                    TABLE 161 EUROPE: TRAFFIC MANAGEMENT MARKET SIZE, BY HARDWARE, 2017–2024 (USD MILLION)
                    TABLE 162 EUROPE: TRAFFIC MANAGEMENT MARKET SIZE, BY SENSOR, 2017–2024 (USD MILLION)
                    TABLE 163 EUROPE: TRAFFIC MANAGEMENT MARKET SIZE, BY SOLUTION, 2017–2024 (USD MILLION)
                    TABLE 164 EUROPE: TRAFFIC MANAGEMENT MARKET SIZE, BY SMART SURVEILLANCE TYPE, 2017–2024 (USD MILLION)
                    TABLE 165 EUROPE: TRAFFIC MANAGEMENT MARKET SIZE, BY VIDEO ANALYTICS APPLICATION, 2017–2024 (USD MILLION)
                    TABLE 166 EUROPE: TRAFFIC MANAGEMENT MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
                    TABLE 167 EUROPE: TRAFFIC MANAGEMENT MARKET SIZE, BY SYSTEM, 2017–2024 (USD MILLION)
                    TABLE 168 EUROPE: TRAFFIC MANAGEMENT MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                    TABLE 169 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
                    TABLE 170 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET SIZE, BY HARDWARE, 2017–2024 (USD MILLION)
                    TABLE 171 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET SIZE, BY SENSOR, 2017–2024 (USD MILLION)
                    TABLE 172 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET SIZE, BY SOLUTION, 2017–2024 (USD MILLION)
                    TABLE 173 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET SIZE, BY SMART SURVEILLANCE TYPE, 2017–2024 (USD MILLION)
                    TABLE 174 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET SIZE, BY VIDEO ANALYTICS APPLICATION, 2017–2024 (USD MILLION)
                    TABLE 175 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
                    TABLE 176 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET SIZE, BY SYSTEM, 2017–2024 (USD MILLION)
                    TABLE 177 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                    TABLE 178 MIDDLE EAST AND AFRICA: TRAFFIC MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
                    TABLE 179 MIDDLE EAST AND AFRICA: TRAFFIC MANAGEMENT MARKET SIZE, BY HARDWARE, 2017–2024 (USD MILLION)
                    TABLE 180 MIDDLE EAST AND AFRICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SENSOR, 2017–2024 (USD MILLION)
                    TABLE 181 MIDDLE EAST AND AFRICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SOLUTION, 2017–2024 (USD MILLION)
                    TABLE 182 MIDDLE EAST AND AFRICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SMART SURVEILLANCE TYPE, 2017–2024 (USD MILLION)
                    TABLE 183 MIDDLE EAST AND AFRICA: TRAFFIC MANAGEMENT MARKET SIZE, BY VIDEO ANALYTICS APPLICATION, 2017–2024 (USD MILLION)
                    TABLE 184 MIDDLE EAST AND AFRICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
                    TABLE 185 MIDDLE EAST AND AFRICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SYSTEM, 2017–2024 (USD MILLION)
                    TABLE 186 MIDDLE EAST AND AFRICA: TRAFFIC MANAGEMENT MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                    TABLE 187 LATIN AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
                    TABLE 188 LATIN AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY HARDWARE, 2017–2024 (USD MILLION)
                    TABLE 189 LATIN AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SENSOR, 2017–2024 (USD MILLION)
                    TABLE 190 LATIN AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SOLUTION, 2017–2024 (USD MILLION)
                    TABLE 191 LATIN AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SMART SURVEILLANCE TYPE, 2017–2024 (USD MILLION)
                    TABLE 192 LATIN AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY VIDEO ANALYTICS APPLICATION, 2017–2024 (USD MILLION)
                    TABLE 193 LATIN AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
                    TABLE 194 LATIN AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY SYSTEM, 2017–2024 (USD MILLION)
                    TABLE 195 LATIN AMERICA: TRAFFIC MANAGEMENT MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)

12 APPENDIX (Page No. - 216)
     12.1 INDUSTRY EXCERPTS
     12.2 DISCUSSION GUIDE
     12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.4 AVAILABLE CUSTOMIZATIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS

The study involved four major activities to estimate the current market size for the road safety market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments of the road safety market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers and Bloomberg BusinessWeek, Dun Bradstreet, and Factiva, have been referred to for identifying and collecting information for this study. Secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications and articles by recognized authors; gold standard and silver standard websites; Research and Development (R&D) organizations; regulatory bodies; and databases.  

Primary Research

Various primary sources from both 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 X Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related key executives from road safety  solution vendors, system integrators, service providers, industry associations, and consultants; and key opinion leaders. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Road Safety Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the road safety  market.

  • In this approach, the overall road safety  market size for each organization size have been considered at a country and regional level.
  • Extensive secondary and primary research has been carried out to understand the global market scenario for various road safety  platform type used in the key verticals.
  • Several primary interviews have been conducted with key opinion leaders related to road safety  providers, including key OEMs and Tier I suppliers
  • Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.

Road Safety Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakup procedures were employed, wherever applicable. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, segment, and project the global market size of the road safety  market
  • To understand the structure of the road safety  market by identifying its various subsegments
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
  • To analyze micromarkets concerning individual growth trends, prospects, and contributions to the overall market
  • To analyze the market by component, solutions, services, and region
  • To project the size of the market and its submarkets, in terms of value, for North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America
  • To profile key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify significant growth strategies adopted by players across key regions
  • To analyze competitive developments, such as expansions and funding, new product launches, mergers and acquisitions, strategic partnerships, and agreements, in the road safety  market
  • To analyze the impact of COVID-19 pandemic on road safety  market

Available customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of road safety  market
  • Profiling of additional market players (total up to 25)
  • Country-level analysis of main 3 segments such as component, solutions, and regions
COVID-19

Get in-depth analysis of the COVID-19 impact on the Road Safety Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Road Safety Market

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Adjacent Markets

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2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
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Published ON
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