The Company Snapshot is a concise electronic record of company identification, size, commodity information, and safety record, including the safety rating (if any), a roadside out-of-service inspection summary, and crash information. The Company Snapshot is available via an ad-hoc query (one carrier at a time) free of charge.

Structured table corresponding to #snapshot-table summarizing enrollment, measurement, discounting, and review cadence.

Gas safety - % of properties having valid Gas Safe registered gas certificates - (Snapshot)

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Road Safety Market Size 2024-2028

The road safety market size is forecast to increase by USD 1.81 billion at a CAGR of 9.45% between 2023 and 2028.

The increase in the number of road fatalities and accidents is a key driver of the road safety market. In response, the adoption of connected vehicles and connected road infrastructure is emerging as a key trend. These technologies aim to enhance communication between vehicles and infrastructure, improving safety, reducing accidents, and enabling real-time traffic monitoring, thereby contributing to safer road environments. This trend is expected to shape the future of road safety solutions and reduce fatalities globally.
However, the lack of standardized and uniform technologies poses a challenge to market growth. As the market continues to evolve, it is essential to address these challenges and ensure the implementation of consistent and effective safety measures, including traffic safety products, to reduce the number of road accidents and save lives.

What will be the Size of the Road Safety Market During the Forecast Period?

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The market In the US is a critical sector within the transport and freight system, prioritizing the well-being of essential workers and the public. With the increasing reliance on transportation for goods and services, digital services have emerged as essential tools for traffic mobility management. Road safety products and services, including highway safety systems and traffic management solutions, are in high demand to mitigate road fatalities and ensure national safety council regulations are met.
Safety authorities continue to implement stringent measures to enhance road safety, driving market growth. Transport operators are increasingly adopting advanced technologies to improve their fleet safety and adhere to evolving regulatory requirements.
The market is poised for continued expansion, underpinned by the importance of ensuring the safety and efficiency of the transport sector.

How is this Road Safety Industry segmented and which is the largest segment?

The road safety industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Component

  Solution
  Services


Type

  Enforcement solution
  ALPR or ANPR
  Incident detection and response
  Railroad crossing safety
  School bus stop-arm enforcement
  Back office systems


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Middle East and Africa



  South America

By Component Insights

The solution segment is estimated to witness significant growth during the forecast period. The market encompasses solutions designed to ensure the safety of pedestrians, cyclists, and vehicle drivers. In 2023, the solutions segment dominated the market, accounting for the largest share, due to the increasing number of vehicles on the road and the need to protect road users from accidents. Solutions include red light and speed enforcement, automated license plate readers/automatic number plate recognition (ALPR/ANPR), and incident detection and response. These technologies utilize granular data, such as pedestrian and vehicle movement, traffic volume, and image-processing, to enhance safety. Smartphone applications, Geographic Information Systems (GIS), Global Positioning Systems (GPS), drones, and social media are also employed to improve road safety.

Radar, sensors, and virtual-reality simulators are additional tools used to prevent accidents and respond to incidents effectively. The demand for these solutions continues to grow as authorities strive to mitigate the risks associated with increased traffic volume.

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The solution segment was valued at USD 1.74 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 29% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American region dominates The market due to the high incidence of road accidents and significant investments in road safety improvements. In the US alone, over 38,000 fatalities and 4.4 million injuries occur annually as a result of road crashes, imposing an estimated economic cost of USD850 billion. These statistics underscore the urgent need for advanced road safety solutions. Information technology plays a pivotal role in this regard, with applications such as Automatic License Plate

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Automotive Crash Impact Simulator Market Size 2024-2028

The automotive crash impact simulator (ACIS) market size is forecast to increase by USD 741.5 million at a CAGR of 11.63% between 2023 and 2028.

The market is driven by the increasing need for crash and safety testing to ensure vehicle compliance with regulations and consumer safety requirements. A key trend In the market is the utilization of parallelism in virtual crash testing, which allows for more efficient and accurate simulation of crashes. However, the decline in automotive production due to the global semiconductor chip shortage poses a significant challenge to market growth. Road safety concerns, particularly in urban areas, are driving the need for ACIS In the development of shared mobility solutions. These factors, among others, are analyzed in detail In the market trends and analysis report. The report provides insights into the market size, growth potential, and key drivers and challenges shaping the future of the ACIS market.

What will be the Size of the Automotive Crash Impact Simulator (ACIS) Market During the Forecast Period?

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The market is experiencing significant growth due to the increasing prioritization of safety In the automotive industry. Eco-friendly technology incorporation, including the use of artificial intelligence and machine learning, is driving innovation in ACIS solutions. These advanced technologies enable more accurate and efficient simulations, reducing the need for physical crash tests and lowering environmental impact. Original Equipment Manufacturers (OEMs) and suppliers are investing heavily in ACIS to develop and improve safety features, such as adaptive cruise control, lane departure warning, and tire-pressure monitoring systems. Consumer purchasing power and demand for advanced safety technologies continue to fuel market expansion.
Moreover, the motorcycle industry is also adopting ACIS for the development of active safety systems, addressing the unique challenges of two-wheeled vehicles. Supply chain disruptions and increasing competition from emerging markets may pose challenges to the ACIS market. However, the integration of blockchain technology and other advanced safety features, such as human error mitigation and rear-end collision prevention, are expected to mitigate these challenges and further boost market growth. The incorporation of health and wellness features in vehicles, including electric motorcycles, is also contributing to the growth of the ACIS market, as OEMs strive to create safer and more comfortable driving experiences for consumers.

How is this Automotive Crash Impact Simulator (ACIS) Industry segmented and which is the largest segment?

The automotive crash impact simulator (ACIS) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product Type

  Internal combustion engine (ICE) vehicle
  Electric vehicle (EV)
  Autonomous vehicles


Deployment

  On-premises
  SaaS-based


Geography

  Europe

    Germany
    UK


  North America

    US


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Product Type Insights

The internal combustion engine (ICE) vehicle segment is estimated to witness significant growth during the forecast period.

The International Combustion Engine (ICE) vehicle market continues to evolve due to technological advancements driven by emission regulations, fuel efficiency standards, and safety requirements. ICE vehicles account for the largest share of the automotive industry, with 61.6 million passenger cars manufactured worldwide in 2022, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA). Asia Pacific is the leading region for passenger car sales and production. Technological innovations include improvements in vehicle operations, such as speedometer, tachometer, fuel gauge, climate control, engine temperature gauge, indicator lights, and convenience features. ICE vehicles in electric vehicles (EVs) are also gaining popularity due to their contribution to cabin comfort and reduced carbon dioxide emissions. The market is expected to grow as consumers prioritize vehicle efficiency, safety, and eco-friendliness.

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The internal combustion engine (ICE) vehicle segment was valued at USD 270.70 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 33% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the m