Lucintel Forecasts The Global Road Safety Market To Grow With A Cagr Of 16.2% From 2025 To 2031

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global road safety market looks promising with opportunities in the government & municipality, construction & infrastructure company, and transportation & logistics company markets. The global road safety market is expected to grow with a CAGR of 16.2% from 2025 to 2031. The major drivers for this market are the increasing government regulations for road safety, the rising adoption of intelligent traffic monitoring systems, and the growing demand for advanced vehicle safety features.
A more than 150-page report to understand trends, opportunity and forecast in global road safety market to 2031 by solution type (red light enforcement systems, speed enforcement systems, incident detection & monitoring systems, automatic license plate recognition systems, traffic management systems, and surveillance systems), service type (professional services and managed services), end use (government & municipalities, construction & infrastructure companies, and transportation & logistics companies), and region (North America, Europe, Asia Pacific, ...
... and the Rest of the World).
Lucintel forecasts that, within the solution type category, automatic license plate recognition system is expected to witness the highest growth over the forecast period.
Within the end use category, government & municipality, construction & infrastructure company, and transportation & logistics company is expected to witness the highest growth.
Download sample by clicking on road safety market.
In terms of region, APAC is expected to witness the highest growth over the forecast period.
Jenoptik, Kapsch TrafficCom, Sensys Gatso Group, Redflex Holdings, Verra Mobility Corporation, SWARCO, FLIR Systems, Cubic Corporation, Siemens Mobility, Motorola Solutions are the major suppliers in the road safety market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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