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Report Overview
The global road safety market attained a value of about USD 3.63 Billion in 2024. The road safety market is further expected to grow in the forecast period of 2025-2034 at a CAGR of nearly 9.00% to reach a value of around USD 8.59 Billion by 2034. The road safety market is primarily being driven by the rising number of road accidents resulting in an increasing demand for road safety measures.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- In 2022, Australia's total estimated paved road length reached 427,000 kilometres as per BITRE. With extensive road networks, improvements in infrastructure, including advanced road safety technologies, have become essential. This expansion is expected to support the implementation of enhanced road safety measures, reducing accidents and improving traffic management across the country.
- India's Union Minister of Road Transport & Highways launched over 200 projects under the National Ropeways Development Programme, totalling Rs. 1.25 lakh crore (USD 14.97 billion). These projects aim to improve road connectivity, reducing road accidents, enhancing safety measures, and facilitating smoother transportation in difficult-to-access areas, benefiting road safety nationwide.
- Under the France 2030 investment plan, the French government allocated EUR 2.5 billion to produce nearly two million electric and hybrid vehicles. This initiative will contribute to road safety by introducing safer, environmentally friendly vehicles, reducing emissions, and promoting smart technologies that enhance vehicle safety and overall road infrastructure.
Compound Annual Growth Rate
Value in USD Billion
9%
2025-2034
Road Safety Market Outlook
*this image is indicative*
Key Trends and Developments
The road safety market is growing, driven by increased demand for advanced driver assistance systems (ADAS), connected and autonomous vehicles (CAVs), smart traffic management systems, and technologies focused on pedestrian and cyclist safety.
Advanced Driver Assistance Systems (ADAS) is Fuelling the Road Safety Market Opportunities
ADAS is a pivotal factor in the expansion of the road safety market, offering real-time alerts and automated assistance to enhance driver safety. Features such as lane-keeping assist, adaptive cruise control, and emergency braking prevent accidents. In February 2025, Hesai Technology deepened its partnership with BYD, supplying lidar for over 10 new models expected to enter mass production in 2025. The market for lidar saw remarkable growth, with Hesai delivering over 100,000 units in December 2024 and targeting 2 million in 2025.
Connected and Autonomous Vehicles (CAVs) is Impacting the Road Safety Market Revenue
Connected and autonomous vehicles (CAVs) are revolutionising road safety by enabling communication between vehicles and infrastructure. This technology facilitates collision avoidance, traffic flow improvements, and pedestrian protection. As CAVs become more widespread, they are set to reduce accidents caused by human error. In February 2025, Uber launched robot food deliveries in Jersey City in partnership with Avride, offering customers the option of autonomous deliveries, with plans to expand beyond downtown Jersey City.
Smart Traffic Management Systems is Enhancing the Growth of the Road Safety Market
Smart traffic management systems leverage AI, sensors, and data analytics to optimise traffic flow and minimise congestion, thus improving road safety. These systems can adjust traffic signals, monitor road conditions, and alert drivers to potential hazards, preventing accidents caused by heavy traffic or poor road conditions. In February 2025, Galveston, Texas, secured nearly USD 2 million to develop a system for prioritising emergency vehicles in traffic light control. This is part of a broader project aimed at improving traffic flow and safety.
Pedestrian and Cyclist Safety Technologies are Boosting the Road Safety Market Revenue
With rising pedestrian and cyclist accidents, the importance of safety technologies to protect them has surged. Advanced sensors, cameras, and radar systems are being integrated into vehicles to detect pedestrians and cyclists in blind spots, offering alerts or automatically applying brakes to prevent accidents. In October 2024, GM introduced technologies like the Side Bicyclist Alert and Front Pedestrian and Bicyclist Braking systems, designed to prevent collisions. These features are now standard on a variety of 2025 GM vehicles.
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Market Segmentation
Road safety is the set of strategies and measures that avoid death or serious injury to commuters using the road. Typical commuters who use the road are pedestrians, cyclists, car drivers, and public road passengers (mainly buses).
Marker Breakup by Component
- Solutions
- Services
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Analysis
Factors like increased mobility, increased vehicle adoption, and rising traffic are expected to increase the demand for road safety. The construction of safer roads, improving facilities to protect pedestrians and cyclists, and implementing safer riding initiatives would minimize road injury and contribute to the health among the public. Therefore, the leading global players are increasingly concentrating on the production of goods that provide road safety and incorporate systems into different technologies to enhance performance at a lower cost, thus, propelling the growth of the road safety market.
Competitive Landscape
The road safety market key players offer advanced optical and sensor-based solutions across sectors like automotive, aerospace, and defence. These companies prioritise innovation, safety, and efficiency with high-precision products, striving to improve mobility, reduce environmental impact, and enhance transportation safety and efficiency for municipalities, businesses, and drivers.
Jenoptik AG
Jenoptik AG is a global technology company based in Jena, Germany, established in 1991. It provides advanced optical and sensor-based solutions for industries such as automotive, aerospace, and defence. The company focuses on innovation, safety, and efficiency through its high-precision products and services.
Kapsch TrafficCom AG
Kapsch TrafficCom AG, headquartered in Vienna, Austria, was founded in 2002. Specialising in intelligent transportation systems, the company develops solutions for tolling, traffic management, and vehicle tracking. Kapsch TrafficCom aims to enhance mobility and reduce environmental impacts through cutting-edge technology in the transport sector.
Sensys Gatso Group AB
Sensys Gatso Group AB, established in 1999, is headquartered in Kista, Sweden. The company specialises in traffic enforcement systems, including speed cameras and red-light detection. Sensys Gatso offers solutions to enhance road safety and compliance with traffic regulations across global markets.
Verra Mobility Corporation
Verra Mobility Corporation, founded in 2018, is based in Arizona, United States. It provides mobility solutions, including tolling, parking, and photo enforcement services. Verra Mobility operates across North America and internationally, offering technology-driven services aimed at improving transportation efficiency and safety for municipalities, businesses, and drivers.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the road safety market report are Teledyne FLIR LLC, and Motorola Solutions, Inc., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global road safety market attained a value of nearly USD 3.63 Billion.
The market is projected to grow at a CAGR of 9.00% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 8.59 Billion by 2034.
The major drivers of the market include the rising number of road accidents, increasing public awareness about road safety, and the implementation of stringent regulations by various governments to prevent road accidents.
The key trends guiding the growth of the market include the development of safer roads, growing technological advancements, and improving facilities to protect pedestrians.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Solutions and services are the major components in the global road safety market.
The major players in the market are Jenoptik AG, Kapsch TrafficCom AG, Sensys Gatso Group AB, Verra Mobility Corporation, Teledyne FLIR LLC, and Motorola Solutions, Inc., among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Region |
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| Market Dynamics |
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