Road Safety Market worth $13.48 billion by 2031 - Report by MarketsandMarkets™

DELRAY BEACH, Fla., Sept. 24, 2026 /PRNewswire/ -- According to MarketsandMarkets™, the global Road Safety Market size will grow from USD 7.62 billion in 2026 to USD 13.48 billion by 2031, at a CAGR of 12.1% during the forecast period.

Browse 302 market data Tables and 60 Figures spread through 450 Pages and in-depth TOC on "Road Safety Market - Global Forecast to 2031"

Road Safety Market Size & Forecast:

• Market Size Available for Years: 2021–2031
• 2025 Market Size: USD 6.69 billion
• 2026 Market Size: USD 7.62 billion
• 2031 Projected Market Size: USD 13.48 billion
• CAGR (2026–2031): 12.1%

Road Safety Market Trends & Insights:

• Growth is being supported by the continuing global road-safety burden, with approximately 1.16 million people dying annually from road traffic crashes, while more than half of fatalities involve vulnerable road users such as pedestrians, cyclists, and motorcyclists.
• By offering, the solutions segment is estimated to account for the largest share of 75.3% in 2026.
• By enforcement type, the automated enforcement segment is projected to account for the largest market size with the highest CAGR of 13%.
• By end user, the smart city integrators segment is expected to account for the highest CAGR of 14.3% during the forecast period.
• Asia Pacific is poised to register the highest growth rate of 14.8% over the forecast period.

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Increasing government regulations for road safety compliance, rising investments in smart transportation infrastructure, and the growing need to reduce traffic fatalities are driving the growth of the Road Safety Market. The deployment of intelligent traffic systems (ITS), speed enforcement cameras, and advanced surveillance solutions further supports market expansion. Additionally, advancements in sensor technologies and AI-based traffic monitoring solutions contribute to enhanced incident detection and prevention. These factors help authorities manage traffic efficiently, enforce regulations, and improve overall public safety.

The automated enforcement segment will register the largest market share

The automated enforcement segment is projected to hold the largest market share in the Road Safety Market due to its increasing role in improving traffic-law compliance, expanding enforcement coverage, and reducing road crashes associated with high-risk driving behavior. Automated enforcement systems, including speed cameras, red-light cameras, ANPR/ALPR systems, and AI-enabled violation detection solutions, enable authorities to identify and document violations consistently with limited manual intervention. Growing government adoption of automated speed and red-light enforcement, combined with increasing deployment of AI-powered systems for detecting speeding, mobile-phone use, seatbelt violations, and other unsafe driving behaviors, is expected to further support the segment's dominance in strengthening road safety and enforcement efficiency.

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The insurance risk assessment application is poised for the highest growth rate during the forecast period

The insurance risk assessment application is expected to grow at the fastest rate in the Road Safety Market due to the increasing adoption of data-driven risk evaluation and usage-based insurance models. Insurance providers are increasingly leveraging telematics, vehicle data, connected devices, and AI-based analytics to assess driving behavior, identify accident risks, and develop more personalized insurance premiums. Integration of real-time vehicle and road-safety data enables insurers to improve risk prediction, claims assessment, fraud detection, and preventive interventions, while encouraging safer driving behavior. The growing availability of connected-vehicle data and advanced analytics is therefore expected to accelerate the adoption of insurance risk assessment solutions across the road safety ecosystem.

Asia Pacific is poised to register the fastest growth during the forecast period

Asia Pacific is projected to register the fastest growth in the Road Safety Market due to rapid urbanization, rising vehicle ownership, expanding road infrastructure, and increasing government initiatives to improve traffic safety across the region. Countries such as China, Japan, India, South Korea, and Australia are investing in intelligent transportation systems (ITS), automated traffic enforcement, AI-based surveillance, connected infrastructure, and advanced traffic-management solutions. Increasing road traffic volumes and the need to reduce fatalities and improve enforcement efficiency are further encouraging the adoption of speed enforcement, ANPR/ALPR, incident detection, pedestrian safety, and driver-behavior monitoring technologies. In addition, the growing deployment of smart-city projects and connected-vehicle infrastructure is expected to accelerate demand for AI-enabled and data-driven road safety solutions across Asia Pacific.

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Top Companies in Road Safety Market:

The Top Companies in Road Safety Market are JENOPTIK (Germany), Kapsch TrafficCom (Austria), Sensys Gatso Group (Sweden), Verra Mobility (US), Teledyne FLIR (US), IDEMIA (France), VITRONIC (Germany), SWARCO (Austria), Siemens (Germany), Cubic Corporation (US), Dahua Technology (China), Laser Technology (US), Saferoad (Norway), and Acusensus (Australia).

Road Safety Market - Investment & funding +Merger & Acquisition

Investment Funding Context

Investment activity in the Road Safety Market is increasingly shifting toward companies developing AI-enabled enforcement, intelligent traffic management, connected intersections, predictive safety analytics, and vulnerable-road-user protection technologies. Funding is particularly visible among emerging technology providers that combine computer vision, edge AI, sensing, and software with existing road infrastructure. In March 2026, NoTraffic raised USD 90 million in Series C funding led by PSG Equity, with participation from M&G Investments, Grove Ventures, LifeX Ventures, Meitav Investment House, and Next Gear Ventures. The company said the funding would support expansion of its AI-powered traffic-management platform across North America, where its systems are deployed in more than 40 US states and Canada.

The investment also supports AI-based proactive road-safety technologies. Hayden AI, headquartered in San Francisco, raised USD 90 million in Series C growth equity financing in July 2024, led by TPG's The Rise Fund, to accelerate R&D and growth of its vision-AI platform for automated bus-lane, bus-stop, and traffic-violation enforcement. Derq, headquartered in Dubai, received strategic investments from e& Capital and AT&T Ventures in October 2024, with the funding directed toward expansion in the US and GCC and increased investment in product development and intellectual property for AI-powered intelligent transportation and road-safety applications.

Revenue Shift Context

Revenue opportunities in the Road Safety Market are increasingly shifting from standalone enforcement hardware toward integrated solutions combining cameras, sensors, AI analytics, communications, software, and recurring services. The Road Safety Market is projected to increase from USD 7.62 billion in 2026 to USD 13.48 billion by 2031, at a CAGR of 12.1%. Automated enforcement remains a major revenue pool, covering speed, red-light, mobile-phone, seatbelt, ANPR/ALPR, and average-speed applications, while connected infrastructure and intelligent traffic-management platforms are creating additional software and services opportunities. Companies are increasingly combining equipment with system integration, maintenance, analytics, managed enforcement, and back-office processing, enabling more recurring revenue models.

This transition is also visible among established providers. JENOPTIK describes its Smart Mobility Solutions business as an end-to-end provider covering roadside equipment and software, integration, installation, maintenance, financing models, and full-service operation. Kapsch TrafficCom similarly provides solutions across the customer value chain, from components and system design through implementation and operation, with its portfolio spanning traffic management, safety, connected vehicles, and related ITS applications.

Mergers and Acquisitions

M&A activity is increasingly being used to strengthen capabilities in traffic enforcement, ITS software, highway management, connected infrastructure, and road-safety services. In March 2026, JENOPTIK acquired FIMA's ITS business, effective March 2, 2026. The acquired business is based in Vilnius, Lithuania, and operates in Lithuania, Latvia, and Estonia, strengthening JENOPTIK's regional capabilities in traffic enforcement, system integration, service, and project management. The transaction value was not disclosed. In August 2025, SWARCO acquired 100% of Heusch/Boesefeldt GmbH, an Aachen-based provider of software for highway and tunnel management and traffic management. The company had approximately 50 employees, and the acquisition strengthened SWARCO's software capabilities for highway operations, traffic management, construction-site management, and cooperative connected mobility. In June 2026, SWARCO also acquired 100% of Hi-Way Services Ltd., a UK provider of road-marking, high-friction surfacing, and road-stud installation services, expanding its road-infrastructure safety capabilities in the UK.

ROAD SAFETY MARKET: MERGERS AND ACQUISITIONS, JANUARY 2025–AUGUST 2026

Company Revenue Share Details

The top five players account for approximately 15–20% of the Road Safety Market, indicating a moderately concentrated competitive structure among leading automated enforcement, intelligent transportation, sensing, and road-safety solution providers, while leaving substantial opportunities for specialized and emerging vendors. The leading five companies include JENOPTIK (Germany), Kapsch TrafficCom (Austria), Sensys Gatso Group (Sweden), Verra Mobility (US), and Teledyne FLIR (US), reflecting the importance of automated enforcement, traffic monitoring, AI-enabled sensing, incident detection, and intelligent road-safety infrastructure in market leadership. The top 10 players comprise these companies along with Motorola Solutions (US), IDEMIA (France), SWARCO (Austria), VITRONIC (Germany), and Siemens (Germany), strengthening the leading group through broader capabilities across automated enforcement, ANPR/ALPR, traffic management, connected infrastructure, machine vision, and public-safety technologies. The remaining market is distributed across specialized enforcement providers, AI-based road-safety analytics companies, traffic intelligence vendors, sensing and imaging providers, connected-road technology companies, and road-safety infrastructure specialists. This structure creates room for continued market expansion and consolidation as established vendors broaden their portfolios across integrated enforcement, AI-powered detection, connected intersections, V2X, vulnerable-road-user protection, predictive safety analytics, and managed road-safety services.

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