Road Safety Market

By Component;

Solutions & Services - [Professional Services] and Managed Services

By Service;

Consulting & Training, Support & Maintenance, and Managed

By Solution;

Bus Lane & Section Enforcement, Red Light, ALPR/ANPR, Speed, and Incident Detection & Response

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn120580675 Published Date: June, 2025 Updated Date: August, 2025

Road Safety Market Overview

Road Safety Market (USD Million)

Road Safety Market was valued at USD 4,660.05 million in the year 2024. The size of this market is expected to increase to USD 10,694.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.6%.


Road Safety Market

*Market size in USD million

CAGR 12.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)12.6 %
Market Size (2024)USD 4,660.05 Million
Market Size (2031)USD 10,694.46 Million
Market ConcentrationLow
Report Pages307
4,660.05
2024
10,694.46
2031

Major Players

  • Jenoptik
  • Kapsch Trafficcom
  • Sensys Gatso Group
  • Redflex Holdings
  • Verra Mobility
  • Swarco
  • FLIR Systems
  • Motorola Solutions
  • Siemens
  • Cubic Corporation
  • Conduent
  • Information Engineering Group
  • Traffic Management Technologies
  • Clearview Intelligence
  • Dahua Technology
  • Trifoil
  • Kria
  • Laser Technology
  • Optotraffic
  • Syntell
  • Truvelo

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Road Safety Market

Fragmented - Highly competitive market without dominant players


The Road Safety Market is gaining momentum, with over 54% of governments and transport agencies integrating detection, alerting, and control systems into road networks for seamless integration. These technologies offer accident alerts, automated braking triggers, and real-time monitoring. Through optimized strategies, vendors are improving sensor accuracy, network resilience, and system compatibility—resulting in steady growth in safety adoption.

Opportunities and Expansion
Approximately 49% of planners and fleets are capitalizing on opportunities by deploying smart signage, speed detection radar, and connected vehicle alerts along highways, school zones, and urban corridors. These measures reduce collisions, streamline flow, and increase public compliance. The market is promoting expansion into suburban safety improvements, logistics routes, and hazard zones.

Technological Advancements
Driven by major technological advancements, more than 63% of systems now use radar‑LIDAR fusion, V2X communication modules, and in‑vehicle alert interfaces. These enhancements boost detection precision, latency reduction, and operational robustness. Rising innovation is transforming road safety infrastructure into proactive, connected defense systems.

Future Outlook
With more than 60% of urban mobility plans now embedding advanced road safety systems, the future outlook is promising. These solutions will foster growth by lowering incident rates, improving traffic efficiency, and enabling informed decision-making. As transportation systems become smarter, the market is positioned for sustained expansion and strategic importance in future mobility ecosystems.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Service
    3. Market Snapshot, By Solution
    4. Market Snapshot, By Region
  4. Road Safety Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing urbanization and road traffic volume
        2. Growing government initiatives for safer roads
        3. Rising integration of intelligent traffic systems
        4. Adoption of advanced driver assistance systems
      2. Restraints
        1. High installation cost of safety infrastructure
        2. Lack of unified traffic safety regulations
        3. Data privacy concerns in surveillance systems
        4. Limited public awareness in developing regions
      3. Opportunities
        1. Adoption of AI in traffic monitoring
        2. Expansion of smart city safety initiatives
        3. Integration with autonomous vehicle technologies
        4. Development of connected vehicle safety solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Road Safety Market, By Component, 2021 - 2031 (USD Million)
      1. Solutions & Services - Professional Services
      2. Managed Services
    2. Road Safety Market, By Service, 2021 - 2031 (USD Million)

      1. Consulting & Training

      2. Support & Maintenance

      3. Managed

    3. Road Safety Market, By Solution, 2021 - 2031 (USD Million)

      1. Bus Lane & Section Enforcement

      2. Red Light

      3. ALPR/ANPR

      4. Speed

      5. Incident Detection & Response

    4. Road Safety Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Jenoptik
      2. Kapsch Trafficcom
      3. Sensys Gatso Group
      4. Redflex Holdings
      5. Verra Mobility
      6. Swarco
      7. FLIR Systems
      8. Motorola Solutions
      9. Siemens
      10. Cubic Corporation
      11. Conduent
      12. Information Engineering Group
      13. Traffic Management Technologies
      14. Clearview Intelligence
      15. Dahua Technology
      16. Trifoil
      17. Kria
      18. Laser Technology
      19. Optotraffic
      20. Syntell
      21. Truvelo
  7. Analyst Views
  8. Future Outlook of the Market