China Road Safety Market Size & Outlook, 2023-2030
China road safety market, 2018-2030 (US$M)
Related Markets
China road safety market highlights
- The China road safety market generated a revenue of USD 158.1 million in 2023 and is expected to reach USD 621.8 million by 2030.
- The China market is expected to grow at a CAGR of 21.6% 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.
Road safety market data book summary
| Market revenue in 2023 | USD 158.1 million |
| Market revenue in 2030 | USD 621.8 million |
| Growth rate | 21.6% (CAGR from 2023 to 2030) |
| Largest segment | Red light & speed enforcement |
| Fastest growing segment | Red Light & Speed Enforcement |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 4.8% of the global road safety market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China road safety market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 621.8 million by 2030.
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Road Safety Market Scope
Road Safety Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 56.8% in 2023. Horizon Databook has segmented the China 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.
- China Road Safety Solution Outlook (Revenue, USD Million, 2018-2030)
- Red Light & Speed Enforcement
- Incident Detection & Response
- Automatic Number/License Plate Recognition (ANPR/ALPR)
- Others
- China Road Safety Service Outlook (Revenue, USD Million, 2018-2030)
- Professional Services
- Managed Services
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Target buyers of China 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 country-level data and insights on the China road safety market , including forecasts for subscribers. This country databook contains high-level insights into China road safety market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China road safety market size, by solution, 2018-2030 (US$M)
China Road Safety Market Outlook Share, 2023 & 2030 (US$M)
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