Road Safety Market Size and Growth Outlook to Reach USD 9.27 Billion by 2030

According to Maximize Market Research report, the Road Safety Market size was valued at USD 4.09 Bn. in 2023 and the total Road Safety revenue is expected to grow by 12.4 % from 2024 to 2030, reaching nearly USD 9.27 Bn.

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Road Safety Market Overview:

The road safety market is expanding due to increasing global efforts to reduce traffic accidents and improve transportation safety. Governments and transportation authorities are investing in advanced traffic management solutions, intelligent surveillance, and vehicle monitoring systems to enhance road security. Rising urbanization, growing vehicle ownership, and technological advancements in AI-based traffic monitoring, automated enforcement systems, and smart signage are further contributing to market growth. Additionally, stringent regulations and policies promoting road safety awareness and infrastructure development are playing a vital role in shaping the industry.

Drivers in the Road Safety Market:

One of the primary drivers of the road safety market is the increasing number of road accidents and fatalities worldwide. Governments are implementing strict traffic regulations, speed monitoring systems, and pedestrian safety measures to curb accidents. Additionally, advancements in automated enforcement technologies such as speed cameras, red-light monitoring, and AI-driven vehicle tracking systems are playing a crucial role in ensuring safer road conditions. The integration of AI and big data analytics in smart traffic management systems is further enhancing real-time monitoring and decision-making.

Another key factor driving market growth is the adoption of intelligent transportation systems (ITS) and connected vehicle technology. The rise of autonomous vehicles, vehicle-to-everything (V2X) communication, and smart road infrastructure is leading to safer and more efficient traffic management. Governments are investing heavily in smart city initiatives, which include advanced road safety solutions such as intelligent traffic lights, pedestrian detection systems, and emergency response integration to enhance overall transportation safety.

Road Safety Market Key Trends:

A significant trend in the road safety market is the increasing use of AI-powered traffic enforcement and monitoring systems. Smart cameras, automated license plate recognition (ALPR), and predictive analytics are being deployed to enhance road safety management. Additionally, the growth of 5G and IoT-enabled traffic control systems is improving real-time data analysis, enabling proactive accident prevention. The rise of electric and autonomous vehicles is also influencing new road safety standards and infrastructure investments, ensuring seamless and secure transportation systems.

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What is expected growth of Road Safety Market by Solution segmentation?

The Road Safety Market is expected to witness substantial growth across solution segments, including speed enforcement systems, red light enforcement, automatic license plate recognition (ALPR), incident detection systems, and vehicle tracking solutions. Speed enforcement and red-light violation systems are projected to dominate due to strict government regulations and increasing road accident concerns. Meanwhile, AI-driven surveillance and automated traffic management solutions are gaining momentum as smart cities integrate real-time monitoring and predictive analytics to enhance road safety measures and reduce traffic violations.

Country-Specific Insights

Road Safety Market Growth in Austria

Austria is enhancing its traffic surveillance infrastructure, with companies like Kapsch TrafficCom investing in smart road safety solutions for real-time monitoring.

Road Safety Market Opportunities in Belgium

Belgium is prioritizing AI-driven enforcement systems, with firms like Siemens Mobility leading innovations in red-light and speed enforcement technologies.

Road Safety Market Trends in Germany

Germany’s smart mobility sector is growing, with companies like Continental AG and Bosch focusing on ADAS (Advanced Driver Assistance Systems) and connected vehicle technologies.

Road Safety Market Consolidation in France

France is witnessing strategic collaborations, with Thales Group and Safran Electronics working on AI-powered traffic monitoring and smart urban mobility solutions.

Road Safety Market Updation in Italy

Italy is investing in road safety innovation, with firms like Autostrade per l’Italia enhancing automated highway monitoring systems and emergency response solutions.

Road Safety Market Growth in Spain

Spain is adopting smart traffic control technologies, with Indra Sistemas leading advancements in real-time incident detection and automated traffic enforcement.

Road Safety Market Opportunities in the UK

The UK is expanding its smart city infrastructure, with Serco Group and Redflex Holdings investing in automated speed cameras and vehicle tracking systems.

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Segmentation Analysis of the Road Safety Market:

by Solution

Red Light & Speed Enforcement

ANPR/ALPR

Incident Detection & Response

Others

by services

Professional services

Managed services

by Type

ENFORCEMENT SOLUTION

Red Light Enforcement

Speed Enforcement

Section Enforcement

Bus Lane Enforcement

ALPR or ANPR

INCIDENT DETECTION AND RESPONSE

RAILROAD CROSSING SAFETY

SCHOOL BUS STOP -ARM ENFORCEMENT

BACK OFFICE SYSTEMS

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Who is the largest manufacturers of Road Safety Market worldwide?

1. Sensys Gatso Group

2. Redflex Holdings

3. Verra Mobility

4. IDEMIA

5. FLIR Systems

6. Motorola Solutions

7. SWARCO

8. Information Engineering Group Inc.

9. Cubic Corporation

10. Siemens

11. Conduent

12. VITRONIC

13. Kria

14. Laser Technology

15. Optotraffic

16. Syntell

17. Traffic Management Technologies

18. AABMATICA

19. Clearview Intelligence

20. Dahua Technology

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