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Road Safety Market Share

  • Report ID: GMI6834
  • Published Date: Oct 2023
  • Report Format: PDF
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Road Safety Market Share

Major companies operating in the road safety market are:

  • 3M
  • Honeywell
  • Kapsch TrafficCom AG
  • Siemens Mobility
  • SmartDrive Systems
  • TomTom
  • Trimble

These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue. Moreover, Siemens Mobility is a well-known player in the transportation and mobility industry, but it's important to note that the market is a niche within the broader transportation sector.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of road safety reached USD 27 billion in 2022 and is poised to expand at over 7% CAGR from 2023 to 2032, owing to the rising traffic congestion due to rapid urbanization and the expanding population globally.

The solution segment is anticipated to expand at notable CAGR from 2023 to 2032, attributed to the ongoing adoption of unmanned traffic management systems by utilizing advanced technologies.

Europe market accounted for USD 9.9 billion in revenue in 2022, driven by rising investments in advanced technologies, stringent regulations, and comprehensive safety measures by the regional governments & organizations.

Some of the leading road safety firms are 3M, Honeywell, Siemens Mobility, Kapsch TrafficCom AG, TomTom, SmartDrive Systems, and Trimble.

Road Safety Market Scope

  • Road Safety Market Size
  • Road Safety Market Trends
  • Road Safety Market Analysis
  • Road Safety Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 22
    • Tables & Figures: 253
    • Countries covered: 21
    • Pages: 300
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