Road Safety
Road Safety Market Forecasts to 2030 - Global Analysis By Component (Active Safety Systems, Passive Safety Systems, Road Safety Equipment and Other Components), Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Road Safety Market is accounted for $4.38 billion in 2024 and is expected to reach $12.76 billion by 2030 growing at a CAGR of 19.5% during the forecast period. Road safety includes procedures, laws, and technology designed to keep people safe when driving. It includes creating safe road infrastructure, upholding traffic regulations, encouraging safe driving practices, and guaranteeing car safety standards. Campaigns to raise awareness among the general public about the value of following traffic laws and wearing safety gear, such as seat belts and helmets, are another aspect of road safety. Controlling speed, preventing drunk driving, protecting pedestrians, and being ready for emergencies are all important aspects of road safety. By lowering traffic-related deaths and injuries, effective road safety measures can improve public health and safety in general.
According to the research, 10% decrease in road traffic deaths improves per capita real GDP by 3.6% over a 24-year horizon, based on thorough data on mortality and economic indicators from 135 countries. Over the period 2014-38, halving road traffic deaths and injuries might add 22% to GDP per capita in Thailand, 15% in China, 14% in India, 7% in the Philippines, and 7% in Tanzania.
Market Dynamics:
Driver:
Rising number of road accidents & fatalities
The increasing number of vehicles on the road, the risk of accidents has also surged, leading to a growing emphasis on enhancing road safety measures. Governments and organizations worldwide are implementing stringent regulations and investing in advanced technologies to reduce road accidents and improve overall safety. The development of intelligent transportation systems and the integration of advanced driver-assistance systems (ADAS) are key factors contributing to the market's growth.
Restraint:
Lack of infrastructure in developing regions
Developing countries struggle with inadequate road infrastructure, which hampers the implementation of advanced safety measures. Poor road conditions, lack of proper signage, and insufficient lighting are some of the factors that contribute to the high incidence of road accidents in these regions. Additionally, limited financial resources and competing priorities make it difficult for governments to invest in necessary infrastructure improvements hindering the market growth.
Opportunity:
Increased investments in road infrastructure development
Governments and private sector organizations are recognizing the importance of upgrading and expanding road infrastructure to enhance safety and reduce congestion. Initiatives such as the construction of new highways, the installation of smart traffic management systems, and the development of pedestrian-friendly pathways are being undertaken to improve overall road safety. Moreover, the adoption of innovative technologies, such as connected and autonomous vehicles, also opens up new opportunities for integrating advanced safety features into road infrastructure.
Threat:
Privacy concerns related to surveillance systems
Increasing use of surveillance cameras and monitoring systems to enhance road safety has raised concerns about data privacy and the potential misuse of personal information. Public apprehension about being constantly monitored and the possibility of unauthorized access to sensitive data can lead to resistance against the implementation of such systems. Addressing these concerns requires stringent data protection regulations, transparent policies, and robust cybersecurity measures to ensure that surveillance systems are used responsibly and ethically.
Covid-19 Impact
The COVID-19 pandemic has had a mixed impact on the road safety market. On one hand, the reduced vehicular traffic during lockdowns led to a temporary decline in road accidents and fatalities. However, the pandemic also disrupted supply chains and delayed infrastructure projects, impacting the implementation of road safety measures. The economic downturn and budget constraints have further affected investments in road infrastructure development. The increased focus on contactless solutions and smart city initiatives is expected to drive the market's growth in the post-pandemic period.
The active safety systems segment is expected to be the largest during the forecast period
The active safety systems segment is expected to account for the largest market share during the forecast period owing to features such as adaptive cruise control, lane departure warning, and automatic emergency braking, which are designed to prevent accidents and enhance vehicle safety. The growing demand for advanced driver-assistance systems (ADAS) and the increasing integration of active safety features in vehicles drive the market growth.
The sensor technology segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the sensor technology segment is predicted to witness the highest growth rate attributed to the growing adoption of connected and autonomous vehicles, which rely heavily on sensor technology, drives the demand for advanced sensors. Innovations in sensor technology, including the development of high-resolution cameras, LiDAR, and radar sensors, further enhance their capabilities and market potential. The increasing focus on smart infrastructure and intelligent transportation systems supports the rapid growth of the sensor technology.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share driven by the increasing number of vehicles on the road, rising urbanization, and expanding road infrastructure. Countries like China, India, and Japan are leading the adoption of advanced road safety solutions, supported by government initiatives and investments in smart city projects. The growing awareness about road safety and the implementation of stringent safety regulations further drive market growth in Asia Pacific.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR attributed to the region's well-established road infrastructure, high investment in advanced safety technologies, and stringent regulatory standards contribute to its dominant position. The presence of major automotive manufacturers and technology providers in North America drives the adoption of innovative road safety solutions. Additionally, government initiatives aimed at reducing road accidents and fatalities, such as the Vision Zero program, further support market growth.
Key players in the market
Some of the key players in Road Safety market include American Traffic Solutions, Conduent, Cubic Corporation, Dahua Technology, FLIR Services, Inc., Jenoptik, Motorola Solutions, Siemens, Vitronic, Sensys Gatso Group AB, Kapsch TraficCom, Teledyne FLIR, Redflex Holdings, Verra Mobility, Saferoad Group and Silicon Labs.
Key Developments:
In February 2025, Siemens and DOMO Chemicals join forces to drive sustainability in the electrical industry. DOMO chemicals has successfully developed validated a new high performance TECHNYL® 4EARTH® polyamide 6 (PA6).
In February 2025, Conduent Incorporated launched Conni, an innovative GenAI virtual assistant developed as part of the company's AI initiative. Conni is designed to enhance the quality of results and improve customer experience across Conduent platforms for companies and government agencies.
In January 2025, Teledyne FLIR OEM, announced the release of Prism™ Supervisor, the latest addition to its Prism embedded software ecosystem. Prism Supervisor integrates drone autopilot flight control systems with real-time.
Components Covered:
• Active Safety Systems
• Passive Safety Systems
• Road Safety Equipment
• Other Components
Technologies Covered:
• Autonomous & Semi-Autonomous Vehicles
• Sensor Technology
• Telematics & IoT
• Other Technologies
Applications Covered:
• Vehicle Safety
• Infrastructure Safety
• Personal Protective Equipment
• Traffic Control
• Other Applications
End Users Covered:
• Automobile Manufacturers
• Government & Municipalities
• Transportation & Logistics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Road Safety Market, By Component
5.1 Introduction
5.2 Active Safety Systems
5.2.1 Anti-lock Braking Systems
5.2.2 Electronic Stability Control
5.2.3 Adaptive Cruise Control
5.2.4 Lane Departure Warning Systems
5.3 Passive Safety Systems
5.3.1 Airbags
5.3.2 Seat Belts
5.3.3 Crumple Zones
5.3.4 Safety Cages
5.4 Road Safety Equipment
5.4.1 Traffic Lights
5.4.2 Road Signage
5.4.3 Reflective Road Markings
5.4.4 Speed Bumps
5.5 Other Components
6 Global Road Safety Market, By Technology
6.1 Introduction
6.2 Autonomous & Semi-Autonomous Vehicles
6.2.1 Advanced Driver Assistance Systems (ADAS)
6.2.2 Automated Parking Assistance
6.2.3 Collision Avoidance Technology
6.3 Sensor Technology
6.3.1 Radar Sensors
6.3.2 LiDAR Sensors
6.3.3 Camera-Based Sensors
6.4 Telematics & IoT
6.4.1 Vehicle Tracking
6.4.2 Remote Monitoring & Data Analytics
6.5 Other Technologies
7 Global Road Safety Market, By Application
7.1 Introduction
7.2 Vehicle Safety
7.3 Infrastructure Safety
7.4 Personal Protective Equipment
7.5 Traffic Control
7.6 Other Applications
8 Global Road Safety Market, By End User
8.1 Introduction
8.2 Automobile Manufacturers
8.3 Government & Municipalities
8.4 Transportation & Logistics
8.5 Other End Users
9 Global Road Safety Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 American Traffic Solutions
11.2 Conduent
11.3 Cubic Corporation
11.4 Dahua Technology
11.5 FLIR Services, Inc.
11.6 Jenoptik
11.7 Motorola Solutions
11.8 Siemens
11.9 Vitronic
11.10 Sensys Gatso Group AB
11.11 Kapsch TraficCom
11.12 Teledyne FLIR
11.13 Redflex Holdings
11.14 Verra Mobility
11.15 Saferoad Group
11.16 Silicon Labs
List of Tables
1 Global Road Safety Market Outlook, By Region (2022-2030) ($MN)
2 Global Road Safety Market Outlook, By Component (2022-2030) ($MN)
3 Global Road Safety Market Outlook, By Active Safety Systems (2022-2030) ($MN)
4 Global Road Safety Market Outlook, By Anti-lock Braking Systems (2022-2030) ($MN)
5 Global Road Safety Market Outlook, By Electronic Stability Control (2022-2030) ($MN)
6 Global Road Safety Market Outlook, By Adaptive Cruise Control (2022-2030) ($MN)
7 Global Road Safety Market Outlook, By Lane Departure Warning Systems (2022-2030) ($MN)
8 Global Road Safety Market Outlook, By Passive Safety Systems (2022-2030) ($MN)
9 Global Road Safety Market Outlook, By Airbags (2022-2030) ($MN)
10 Global Road Safety Market Outlook, By Seat Belts (2022-2030) ($MN)
11 Global Road Safety Market Outlook, By Crumple Zones (2022-2030) ($MN)
12 Global Road Safety Market Outlook, By Safety Cages (2022-2030) ($MN)
13 Global Road Safety Market Outlook, By Road Safety Equipment (2022-2030) ($MN)
14 Global Road Safety Market Outlook, By Traffic Lights (2022-2030) ($MN)
15 Global Road Safety Market Outlook, By Road Signage (2022-2030) ($MN)
16 Global Road Safety Market Outlook, By Reflective Road Markings (2022-2030) ($MN)
17 Global Road Safety Market Outlook, By Speed Bumps (2022-2030) ($MN)
18 Global Road Safety Market Outlook, By Other Components (2022-2030) ($MN)
19 Global Road Safety Market Outlook, By Technology (2022-2030) ($MN)
20 Global Road Safety Market Outlook, By Autonomous & Semi-Autonomous Vehicles (2022-2030) ($MN)
21 Global Road Safety Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2022-2030) ($MN)
22 Global Road Safety Market Outlook, By Automated Parking Assistance (2022-2030) ($MN)
23 Global Road Safety Market Outlook, By Collision Avoidance Technology (2022-2030) ($MN)
24 Global Road Safety Market Outlook, By Sensor Technology (2022-2030) ($MN)
25 Global Road Safety Market Outlook, By Radar Sensors (2022-2030) ($MN)
26 Global Road Safety Market Outlook, By LiDAR Sensors (2022-2030) ($MN)
27 Global Road Safety Market Outlook, By Camera-Based Sensors (2022-2030) ($MN)
28 Global Road Safety Market Outlook, By Telematics & IoT (2022-2030) ($MN)
29 Global Road Safety Market Outlook, By Vehicle Tracking (2022-2030) ($MN)
30 Global Road Safety Market Outlook, By Remote Monitoring & Data Analytics (2022-2030) ($MN)
31 Global Road Safety Market Outlook, By Other Technologies (2022-2030) ($MN)
32 Global Road Safety Market Outlook, By Application (2022-2030) ($MN)
33 Global Road Safety Market Outlook, By Vehicle Safety (2022-2030) ($MN)
34 Global Road Safety Market Outlook, By Infrastructure Safety (2022-2030) ($MN)
35 Global Road Safety Market Outlook, By Personal Protective Equipment (2022-2030) ($MN)
36 Global Road Safety Market Outlook, By Traffic Control (2022-2030) ($MN)
37 Global Road Safety Market Outlook, By Other Applications (2022-2030) ($MN)
38 Global Road Safety Market Outlook, By End User (2022-2030) ($MN)
39 Global Road Safety Market Outlook, By Automobile Manufacturers (2022-2030) ($MN)
40 Global Road Safety Market Outlook, By Government & Municipalities (2022-2030) ($MN)
41 Global Road Safety Market Outlook, By Transportation & Logistics (2022-2030) ($MN)
42 Global Road Safety Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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