Global Road Safety Market Size & Outlook, 2023-2030
Global road safety market, 2018-2030 (US$M)
Related Markets
Global road safety market highlights
- The global road safety market generated a revenue of USD 3,265.1 million in 2023 and is expected to reach USD 10,125.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 17.5% by 2030.
- In terms of segment, red light & speed enforcement accounted for a revenue of USD 1,849.0 million in 2023.
- Red Light & Speed Enforcement is the most lucrative solution segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,265.1 million |
| Market revenue in 2030 | USD 10,125.2 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Red light & speed enforcement |
| Fastest growing segment | Red Light & Speed Enforcement |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Red Light & Speed Enforcement, Incident Detection & Response, Automatic Number/License Plate Recognition (ANPR/ALPR) |
Other key industry trends
- In terms of revenue, the North America accounted for 26.5% of the global road safety market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 311.7 million by 2030.
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Road Safety Market Scope
Road Safety Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global road safety market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to road safety market will help companies and investors design strategic landscapes.
Red light & speed enforcement was the largest segment with a revenue share of 56.63% in 2023. Horizon Databook has segmented the Global road safety market based on red light & speed enforcement, incident detection & response, automatic number/license plate recognition (anpr/alpr) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Road Safety Solution Outlook (Revenue, USD Million, 2018-2030)
- Red Light & Speed Enforcement
- Incident Detection & Response
- Automatic Number/License Plate Recognition (ANPR/ALPR)
- Others
- Global Road Safety Service Outlook (Revenue, USD Million, 2018-2030)
- Professional Services
- Managed Services
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Target buyers of Global road safety market databook
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Our clientele includes a mix of road safety market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global road safety market , including forecasts for subscribers. This global databook contains high-level insights into Global road safety market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global road safety market size, by regions, 2018-2030 (US$M)
Top 10 countries: Road safety market size, 2023 (US$M)
Global road safety market share, by solution, 2023 & 2030 (%, US$M)
Road safety market: Opportunity assessment by country
Global road safety market, by region, 2023 (US$M)
| Solution | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 705.7 | 734.6 | 751.9 | 773.3 | 810.6 | 866.4 | 948.6 | 1,065.0 | 1,231.8 | 1,468.2 | 1,804.4 | 2,233.9 | 2,764.0 | 18.0% |
| Europe | 751.1 | 774.1 | 784.6 | 799.2 | 829.5 | 880.2 | 956.7 | 1,066.2 | 1,224.2 | 1,448.5 | 1,767.2 | 2,171.8 | 2,667.6 | 17.2% |
| Asia Pacific | 508.2 | 540.9 | 563.3 | 589.6 | 628.9 | 680.9 | 755.3 | 859.1 | 1,006.7 | 1,215.5 | 1,513.4 | 1,898.1 | 2,379.3 | 19.6% |
| Latin America | 408.9 | 413.9 | 409.2 | 406.6 | 411.6 | 428.6 | 457.2 | 500.0 | 563.4 | 654.2 | 783.3 | 944.7 | 1,138.7 | 15.0% |
| MEA | 355.8 | 361.7 | 367.0 | 373.6 | 386.7 | 409.1 | 442.9 | 491.0 | 560.2 | 657.8 | 795.6 | 968.0 | 1,175.6 | 16.3% |
| Overall | 2,729.7 | 2,825.2 | 2,876.1 | 2,942.2 | 3,067.3 | 3,265.1 | 3,560.6 | 3,981.1 | 4,586.3 | 5,444.3 | 6,663.8 | 8,216.5 | 10,125.2 | 17.6% |
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