Asia Pacific Road Safety Market Size & Outlook, 2023-2030
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Asia Pacific road safety market highlights
- The Asia Pacific road safety market generated a revenue of USD 680.9 million in 2023.
- The market is expected to grow at a CAGR of 19.6% from 2024 to 2030.
- In terms of segment, red light & speed enforcement was the largest revenue generating solution in 2023.
- Red Light & Speed Enforcement is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 680.9 million |
| Market revenue in 2030 | USD 2,379.3 million |
| Growth rate | 19.6% (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) |
| Key market players worldwide | Verra Mobility Corp Class A, Conduent Inc, IDEMIA, Jenoptik AG, Motorola Solutions Inc, Siemens AG, Teledyne Technologies Inc, Kapsch Group, Sensys Gatso Group, Dahua Technology, Cubic Corporation, Redflex, SWARCO, VITRONIC |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.9% of the global road safety market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,379.3 million by 2030.
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Road Safety Market Scope
Road Safety Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| VITRONIC | View profile | 501-1000 | Wiesbaden, Hessen, Germany, Europe | https://www.vitronic.com |
| Redflex | View profile | 501-1000 | South Melbourne, Victoria, Australia, Oceania | https://redflex.com/ |
| Dahua Technology | View profile | 10001+ | Hangzhou, Zhejiang, China, Asia | https://www.dahuatech.com |
| Sensys Gatso Group | View profile | 251-500 | Haarlem, Noord-Holland, The Netherlands, Europe | https://www.sensysgatso.com/ |
| SWARCO | View profile | 5001-10000 | Wattens, Tirol, Austria, Europe | https://www.swarco.com/ |
| Kapsch Group | View profile | 1001-5000 | Vienna, Wien, Austria, Europe | https://www.kapsch.net/ |
| Cubic Corporation | View profile | 10001+ | San Diego, California, United States, North America | http://cubic.com |
| Verra Mobility Corp Class A | View profile | 1788 | 1150 North Alma School Road, Mesa, AZ, United States, 85201 | https://www.verramobility.com |
| Teledyne Technologies Inc | View profile | 14900 | 1049 Camino Dos Rios, Thousand Oaks, CA, United States, 91360-2362 | https://www.teledyne.com |
| Jenoptik AG | View profile | 4704 | Carl-Zeiss-Strasse 1, Jena, Germany, 07743 | https://www.jenoptik.com |
| Motorola Solutions Inc | View profile | 21000 | 500 West Monroe Street, Suite 4400, Chicago, IL, United States, 60661 | https://www.motorolasolutions.com |
| IDEMIA | View profile | 10001+ | Courbevoie, Ile-de-France, France, Europe | https://www.idemia.com/ |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Conduent Inc | View profile | 59000 | 100 Campus Drive, Suite 200, Florham Park, NJ, United States, 07932 | https://www.conduent.com |
Asia Pacific 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 55.76% in 2023. Horizon Databook has segmented the Asia Pacific 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.
- Asia Pacific Road Safety Solution Outlook (Revenue, USD Million, 2018-2030)
- Incident Detection & Response
- Red Light & Speed Enforcement
- Automatic Number/License Plate Recognition (ANPR/ALPR)
- Others
- Asia Pacific Road Safety Service Outlook (Revenue, USD Million, 2018-2030)
- Professional Services
- Managed Services
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Target buyers of Asia Pacific 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific road safety market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific road safety market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific road safety market size, by country, 2018-2030 (US$M)
Asia Pacific Road Safety Market Outlook Share, 2023 & 2030 (US$M)
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