Global road safety Market
Transport Services

Key Highlights of the Road Safety Market 2025-2034: Growth Dynamics, Trends, and Opportunities

Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

What is the Forecasted Expansion Rate of the Road Safety Market Over the 2025–2034 Period?

In recent times, the road safety market has seen a swift expansion. It is projected to escalate from a value of $4.23 billion in 2024 to about $4.68 billion in 2025, coinciding with a compound annual growth rate (CAGR) of 10.7%. The historical period’s growth can be correlated with the enforcement of traffic laws and regulations centered around road safety, advancements in automobile safety technologies like airbags and seatbelts, societal awareness drives highlighting the significance of road safety, surge in urbanization and rising vehicular traffic, and the formation of regulatory bodies tasked with supervising and implementing road safety.

The anticipated rapid expansion of the road safety market size is projected to reach $7.23 billion in 2029 with a compound annual growth rate (CAGR) of 11.5%. This expected progression in the forecast period can be linked to the increasing uptake of advanced driver assistance systems (ADAS), vehicle-to-everything (v2x) communication incorporation for immediate safety warnings, expansion in creating and implementing autonomous vehicles, embracing intelligent infrastructure and traffic regulation systems, and a heightened emphasis on sustainable and environmentally-friendly transportation methods. The forecast period is likely to witness trends such as application of data analytics for predictive identification of likely road safety complications, Vision Zero initiative, multi-stakeholder collaborations, development of interconnected and smart crosswalks for pedestrian safety, and active transportation.

Which Factors Are Enhancing the Growth of the road safety Market?

The escalation in road accidents and fatalities is substantially contributing to the expansion of the road safety market. Road traffic accidents are characterized by collisions involving two or more entities on the road resulting in grave injury or death. Road safety systems are geared towards monitoring and detecting potential dangers on the road, promoting and enforcing road safety regulations to avert road mishaps. For instance, a report released by the Bureau of Infrastructure and Transport Research Economics (BITRE), an Australian government agency that provides economic analysis and statistics relative to infrastructure and transport, showed that in 2022, there was a rise in road crash deaths to 1,194, indicating a 5.8 percent surge compared to 2021. As a result, this rising incidence of road accidents and fatalities is propelling the growth of the road safety market.

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Who Are the Leading Organizations Fueling the Expansion of the Road Safety Market?

Major companies operating in the road safety market include:

• Kapsch TrafficCom AG_x000D_

• Sensys Gatso Group_x000D_

• Redflex Holdings Pty Ltd._x000D_

• Verra Mobility Corp_x000D_

• Teledyne FLIR LLC_x000D_

Which Cutting-Edge Trends Are Expected to Drive the Road Safety Market’s Growth?

Technological advancements are becoming a prominent trend in the road safety market. Major players in this sector are introducing innovative solutions to tackle new and complex road safety challenges, as well as enhancing current systems in place for road safety. For example, Toyota’s Collaborative Safety Research Center, a research enterprise based in the U.S., embarked on new research undertakings in July 2023 that were directed toward boosting road safety. These initiatives aimed at the development of driver aid features for lane centering, establishing prototypes for in-vehicle interventions, and utilizing data to aid driver decision-making processes. Furthermore, Toyota has become a member of the Vulnerable Road User Injury Prevention Alliance, undertaking research to prevent accident occurrences involving pedestrians and cyclists.

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What Are the Primary Segments of the Road Safety Market and Their Roles in Growth Dynamics?

The road safety market covered in this report is segmented –

1) By Service: Consulting And Training, Support And Maintenance, Managed

2) By Solution: Light Speed, Bus Lane And Section Enforcement, ALPR Or ANPR, Incident Detection And Response, Other Solutions

3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles

Subsegments:

1) By Consulting And Training: Road Safety Audits, Risk Assessment Services, Driver Training Programs, Safety Workshops And Seminars

2) By Support And Maintenance: Safety Equipment Maintenance, Software Support Services, Incident Reporting Systems Maintenance

3) By Managed Services: Traffic Management Solutions, Road Safety Program Management, Fleet Safety Management Services

Which Regions Are Most Influential in Expanding the Road Safety Market?

North America was the largest region in the road safety market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the road safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Does the Definition of the Road Safety Market Include?

Road safety refers to strategies and tactics for lowering the likelihood that someone may be involved in a car accident. The road safety is used to prevent road users from getting severely injured or being killed by the means of spreading awareness through various road safety tools including road signs, fences, speed detectors and others.

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