North America Road Safety Market Size & Outlook, 2023-2030
North America road safety market, 2018-2030 (US$M)
Related Markets
North America road safety market highlights
- The North America road safety market generated a revenue of USD 866.4 million in 2023.
- The market is expected to grow at a CAGR of 18% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 866.4 million |
| Market revenue in 2030 | USD 2,764.0 million |
| Growth rate | 18% (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, North America region accounted for 26.5% 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 |
|---|
North America 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 57.11% in 2023. Horizon Databook has segmented the North America 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.
- North America Road Safety Solution Outlook (Revenue, USD Million, 2018-2030)
- Red Light & Speed Enforcement
- Incident Detection & Response
- Automatic Number/License Plate Recognition (ANPR/ALPR)
- Others
- North America Road Safety Service Outlook (Revenue, USD Million, 2018-2030)
- Professional Services
- Managed Services
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Our clientele includes a mix of road safety market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America road safety market , including forecasts for subscribers. This continent databook contains high-level insights into North America road safety market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America road safety market size, by country, 2018-2030 (US$M)
North America Road Safety Market Outlook Share, 2023 & 2030 (US$M)
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