As there is an increase in the adoption of road safety solutions, the associated services are also expected to be adopted rapidly. Road safety services are majorly deployed to enhance the existing infrastructure and also integrate the latest road safety solutions with the existing one.
The road safety market is projected to grow from USD 3.0 billion in 2019 to USD 4.7 billion by 2024, at a CAGR of 9.3% during the forecast period. Major factors driving the road safety market include rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety.

Market Analysis and Insights: Global Road Safety System Market
The global Road Safety System market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Road Safety System market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Road Safety System market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Road Safety System market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Road Safety System market.

Global Road Safety System Scope and Market Size
Road Safety System market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Road Safety System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Solutions(Enforcement Solution,ALPR/ANPR,Incident Detection and Response and Others)
Services(Professional Services and Managed Services)

Segment by Application
Bridges
Highways
Tunnels
Urban Roads
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Jenoptik (Germany)
Kapsch TrafficCom (Austria)
Sensys Gatso Group (Sweden)
Redflex Holdings (Australia)
Verra Mobility (US)
IDEMIA (France)
FLIR Systems (US)
Motorola Solutions (US)
SWARCO (Austria)
Information Engineering Group (Canada)
Cubic Corporation (US)
Siemens (Germany)
Conduent, (US)
VITRONIC (Germany)
Kria (Italy)
Laser Technology (US)
Optotraffic (US)
Syntell (South Africa)
Traffic Management Technologies (South Africa)
AABMATICA (India)
Clearview Intelligence (UK)
Dahua Technology (China)
Truvelo (UK)
Trifoil (Sultanate of Oman)