Global Road Safety Market – Industry Trends and Forecast to 2026

Road Safety solutions are implemented by the authorities preventing the road users from getting injured or slaughtered.
The implementation of road safety methods, such as red light enforcement, incident detection system, and others ensures reduced traffic deaths and increases the overall safety of the road users.
After witnessing a lot of road traffic deaths due to accidents, breaking the red lights, over speeding among others, a lot of nations have regulated the road safety policies minimizing the risk of certain mishaps.

 Market Segmentation: Global Road Safety Market

The road safety market is segmented into two notable segments which are solution and service.
  • On the basis of solution, the market is segmented into nine solutions, including red light enforcement, speed enforcement, incident detection system, bus lane compliance, automated solutions, process violations, passenger data processing, semi-automated solutions, and others. Automated solutions are further classified into E-gates and automatic license plate recognition. In 2019, Automated Solutions segment is growing at the highest CAGR and expected to reach USD xx million in the forecast period of 2019 to 2026.
  • Red Light Enforcement solution segment is expected to dominate the global road safety market as it provides more effective and advanced solution. Whereas, automatic license plate recognition system segment is expected to grow with the highest CAGR due to growing adoption of various automated solutions.

Competitive Analysis: Global Road Safety Market

Some of the major players operating in this market include Jenoptik, Kapsch AG, Sensys Gatso Group AB, American Traffic Solutions, 3M, Redflex Traffic Systems, INC., FLIR SYSTEMS, INC., Motorola Solutions,

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