Road Safety Market by Solution (Red Light Enforcement, Speed Enforcement, Incident Detection Systems, Bus Lane Compliance, Automatic License Plate Recognition), by Service, by Region - Global Forecast to 2020

Published: December 2015
No. of Pages: 121
   

“The increase in road fatality rate will drive the road safety market”

The road safety market size is expected to grow from USD 2.35 billion in 2015 to USD 3.63 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 9.1%. Major factors contributing to the growth of road safety market are- increasing road accident/fatality rates and growing government regulations and standards for road safety across the globe.

“Automatic license plate recognition solution to gain maximum traction during the forecast period”

The red light enforcement solution is estimated to contribute the largest market share duing the forecast period. Furthermore, due to rise in demand from traffic enforcement, detection, and prevention, automatic license plate recognition solution is expected to gain traction and would grow at the highest CAGR in the next five years. The consulting and system integration services is expected to contribute the largest market share in the road safety market and is also expected to grow at the highest rate from 2015 to 2020.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is as follows:

  • By Company Type: Tier 1 – 55 %, Tier 2 – 20% and Tier 3 – 25%
  • By Designation: C level – 60%, Director level – 25%, others – 15%
  • By Region: North America – 10%, Europe – 20%, APAC – 40%, RoW – 30%

With the rise in demand for advanced infrastructure development such as Smart City initiatives and new technologies such as driver assistance systems, vehicle lane enforcement systems, incident response systems, automatic number plate recognition systems, the market for road safety is expected to gain traction in the next five years.

The various key road safety vendors profiled in the report are as follows:

  • Jenoptik
  • Kapsch AG
  • Redflex
  • Morpho (Safran Group)
  • American Traffic Solutions
  • Information Engineers Group, Inc.
  • 3M
  • Sensys Gato Group AB
  • Motorola Solutions, Inc.
  • Swarco AG    

The report will help the market leaders/new entrants in this market in the following ways:

  • This report segments the road safety market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across different verticals and regions.
  • The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, mergers and acquisitions.

Road Safety Market by Solution (Red Light Enforcement, Speed Enforcement, Incident Detection Systems, Bus Lane Compliance, Automatic License Plate Recognition), by Service, by Region - Global Forecast to 2020

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Global Market
4.2 Road Safety Market, By Component
4.3 Road Safety Global Market
4.4 Lifecycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Solution
5.3.2 By Service
5.3.3 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Increase in Road Accidents/Fatalities Rate
5.4.1.2 Growing Government Regulations for Road Safety
5.4.2 Restraints
5.4.2.1 Decentralized Infrastructure
5.4.2.2 Operational Efficiency and Increasing Congestion
5.4.3 Opportunities
5.4.3.1 Rise in Demand for Advanced Infrastructure Development
5.4.3.2 Smart City Initiatives
5.4.4 Challenges
5.4.4.1 Rise in Ageing Population
5.5 Regulatory Implications
5.6 Innovation Spotlight

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Strategic Benchmarking
6.3.1 Strategic Benchmarking: Contracts, Mergers and Acquisition of Top Vendors
6.4 Demand Overview

7 Road Safety Market Analysis, By Solution
7.1 Introduction
7.2 Red Light Enforcement
7.3 Speed Enforcement
7.4 Incident Detection System
7.5 Bus Lane Compliance
7.6 Automatic License Plate Recognition
7.7 Others

8 Road Safety Market Analysis, By Service
8.1 Introduction
8.2 Consulting and System Integration
8.3 Managed Services
8.4 Training Support and Maintenance
8.5 Risk Assessment and Analysis

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific (APAC)
9.5 Middle East and Africa (MEA)
9.6 Latin America

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situation and Trends
10.2.1 New Product Launches
10.2.2 New Alliances, Contracts, Partnerships, and Agreements
10.2.3 Mergers and Acquisitions
10.2.4 Expansions

11 Company Profiles
11.1 Jenoptik
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 Recent Developments
11.1.4 MnM View
11.1.4.1 SWOT Analysis
11.1.4.2 Key Strategies
11.2 Kapsch AG
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 Recent Developments
11.2.4 MnM View
11.2.4.1 SWOT Analysis
11.2.4.2 Key Strategies
11.3 Redflex Holdings Limited
11.3.1 Business Overview
11.3.2 Products and Services Offered
11.3.3 Recent Developments
11.3.4 MnM View
11.3.4.1 SWOT Analysis
11.3.4.2 Key Strategies
11.4 Morpho (Safran)
11.4.1 Business Overview
11.4.2 Products Offered
11.4.3 Recent Developments
11.4.4 MnM View
11.4.4.1 SWOT Analysis
11.4.4.2 Key Strategies
11.5 American Traffic Solutions (ATS)
11.5.1 Business Overview
11.5.2 Products Offered
11.5.3 Recent Developments
11.5.4 MnM View
11.5.4.1 SWOT Analysis
11.5.4.2 Key Strategies
11.6 Information Engineers Group Inc.
11.6.1 Business Overview
11.6.2 Products Offered
11.7 3M
11.7.1 Business Overview
11.7.2 Products and Services Offered
11.7.3 Recent Developments
11.8 Sensys Gato Group AB
11.8.1 Business Overview
11.8.2 Product Offered
11.8.3 Recent Developments
11.9 Motorola Solutions, Inc
11.9.1 Business Overview
11.9.2 Products and Services Offered
11.9.3 Recent Developments
11.10 Swarco AG
11.10.1 Business Overview
11.10.2 Products and Services Offered
11.10.3 Recent Developments
11.11 Other Developments

12 Appendix
12.1 Discussion Guide
12.2 Industry Experts
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Related Reports

List of Tables

Table 1 Road Safety Market Size and Growth, 2013-2020 (USD Million, Y-O-Y %)
Table 2 Drivers: Impact Analysis
Table 3 Restraints: Impact Analysis
Table 4 Opportunities: Impact Analysis
Table 5 Challenges: Impact Analysis
Table 6 Market Size, By Solutions, 2013-2020 (USD Million)
Table 7 Red Light Enforcement: Market Size, By Region, 2013-2020 (USD Million)
Table 8 Speed Enforcement: Market Size, By Region, 2013-2020 (USD Million)
Table 9 Incident Detection System: Market Size, By Region, 2013-2020 (USD Million)
Table 10 Bus Lane Compliance: Market Size, By Region, 2013-2020 (USD Million)
Table 11 Automatic License Plate Recognition: Market Size, By Region, 2013-2020 (USD Million)
Table 12 Others: Market Size, By Region, 2013-2020 (USD Million)
Table 13 Road Safety Market Size, By Service, 2013-2020 (USD Million)
Table 14 Consulting and System Integration: Market Size, By Region, 2013-2020 (USD Million)
Table 15 Managed Services: Market Size, By Region, 2013-2020 (USD Million)
Table 16 Training Support and Maintenance: Market Size, By Region, 2013-2020 (USD Million)
Table 17 Risk Assessment and Analysis: Market Size, By Region, 2013-2020 (USD Million)
Table 18 Road Safety Market Size, By Region, 2013-2020 (USD Million)
Table 19 North America: Market Size, By Component, 2013-2020 (USD Million)
Table 20 North America: Market Size, By Country, 2013-2020 (USD Million)
Table 21 North America: Market Size, By  Solution, 2013-2020 (USD Million)
Table 22 North America: Market Size, By  Service, 2013-2020 (USD Million)
Table 23 Europe: Market Size, By Component, 2013-2020 (USD Million)
Table 24 Europe: Market Size, By Country, 2013-2020 (USD Million)
Table 25 Europe: Market Size, By  Solution, 2013-2020 (USD Million)
Table 26 Europe: Market Size, By  Service, 2013-2020 (USD Million)
Table 27 Asia-Pacific: Market Size, By Component, 2013-2020 (USD Million)
Table 28 Asia-Pacific: Market Size, By Country, 2013-2020 (USD Million)
Table 29 Asia-Pacific: Market Size, By  Solution, 2013-2020 (USD Million)
Table 30 Asia-Pacific: Market Size, By  Service, 2013-2020 (USD Million)
Table 31 Middle East and Africa: Market Size, By Component, 2013-2020 (USD Million)
Table 32 Middle East and Africa: Market Size, By Country, 2013-2020 (USD Million)
Table 33 Middle East and Africa: Market Size, By  Solution, 2013-2020 (USD Million)
Table 34 Middle East and Africa: Market Size, By Service, 2013-2020 (USD Million)
Table 35 Latin America: Road Safety Market Size, By Component, 2013-2020 (USD Million)
Table 36 Latin America: Market Size, By Country, 2013-2020 (USD Million)
Table 37 Latin America: Market Size, By  Solution, 2013-2020 (USD Million)
Table 38 Latin America: Market Size, By Service, 2013-2020 (USD Million)
Table 39 New Product Launches, 2012–2015
Table 40 New Alliances, Contracts, Partnerships, and Agreements, 2012–2015
Table 41 Mergers and Acquisitions, 2012–2015
Table 42 Expansions, 2012–2014
Table 43 Other Developments: New Alliances, Contracts, Partnerships, and Agreements, 2012–2015
Table 44 Other Developmnets: Mergers and Acquisitions, 2012–2015

List of Figures

Figure 1 Global Road Safety Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Road Safety Services are Expected to Grow at the Highest CAGR During the Forecast Period
Figure 7 Automatic License Plate Recognition Solution to Grow at the Highest CAGR From 2015 to 2020
Figure 8 Consulting and System Integration Services to Gain Traction During the Forecast Period
Figure 9 North America is Expected to Hold the Largest Share of the Road Safety Market in 2015
Figure 10 Increase in Road Accidents/Fatality Rate Will Propel the Market
Figure 11 Service to Grow at the Highest CAGR During the Forecast Period
Figure 12 Red Light Enforcement to Hold the Largest Share of the Market, By Solution
Figure 13 Asia-Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 14 Evolution of the Road Safety Market
Figure 15 Market, By Solution
Figure 16 Market, By Service
Figure 17 Market, By Region
Figure 18 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Market: Value Chain
Figure 20 Strategic Benchmarking: Contracts, Mergers and Acquisition of Top Vendors
Figure 21 Road Traffic Fatality Rates Per 100,000 Population, By Who Per Region
Figure 22 Road Traffic Deaths By Type of Road User, Worldwide
Figure 23 Automatic License Plate Recognition Expected to Grow at the Highest Rate During the Forecast Period
Figure 24 Consulting and System Integration Services are Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 North America Estimated to Hold the Largest Share in the Global Road Safety Market During the Forecast Period
Figure 26 Regional Snapshot: Asia-Pacific is the Emerging Region in the Market
Figure 27 North America Market Snapshot: Presence of Key Road Safety  Vendors is A Major Factor Contributing Towards the Growth of the Road Safety  Market
Figure 28 Asia-Pacific Market Snapshot: Rising Demand From End Users is  A Major Factor Contributing Towards the Growth of the Road Safety Market
Figure 29 Companies Adopted New Alliance, Contracts, and Partnershipsas the Key Growth Strategy Over the Past 4 Years
Figure 30 Market Evaluation Framework: : New Alliance, Contracts, Partnerships, and Agreements has Fueled Growth During the Period 2012–2015
Figure 31 Battle for Market Share: New Alliance, Contracts, Partnerships, and Agreements is the Key Strategy
Figure 32 Geographic Mix
Figure 33 Jenoptik: Company Snapshot
Figure 34 Jenoptik: SWOT Analysis
Figure 35 Kapsch AG: Company Snapshot
Figure 36 Kapsch AG: SWOT Analysis
Figure 37 Redflex Holdings Limited: Company Snapshot
Figure 38 Redflex Holdings Limited: SWOT Analysis
Figure 39 Morpho: Company Snapshot
Figure 40 Morpho: SWOT Analysis
Figure 41 American Traffic Solutions: Company Snapshot
Figure 42 American Traffic Solutions: SWOT Analysis
Figure 43 Information Engineers Group Inc.: Company Snapshot
Figure 44 3M: Company Snapshot
Figure 45 Sensys Gato Group AB: Company Snapshot
Figure 46 Motorola Solutions: Company Snapshot
Figure 47 Swarco AG: Company Snapshot

Published By: MarketsandMarkets
Product Code: MarketsandMarkets1885


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