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The North America Road Safety Market size is expected to grow at a market growth of 11.2% CAGR during the forecast period. The region is early adopter of road safety technology, as technological adoption herein is high. Additionally, the region has a growing startup ecosystem. Leading road safety solution providers are also majorly housed in this region. Technologies such as red-light enforcement, Automatic License Plate Recognition (ALPR) Automatic Number Plate Recognition (ANPR), and incident detection and response have significant demand in the North American region.
Based on Component, the market is segmented into Solution and Services. Solution type is further segmented into Enforcement Solution, Automatic License Plate RecognitionAutomatic Number Plate Recognition, Incident Detection & Response and Others. Enforcement Solution Market includes Red Light Enforcement, Speed Enforcement, and Bus Lane & Section Enforcement. Service Type is further segmented into Professional Services and Managed Services. Based on Countries, the market is segmented into U.S, Canada, Mexico, and Rest of North America. The market research report covers the analysis of key stake holders of the North America Road Safety Market.
Key companies profiled in the report include Thales Group S.A., IDEMIA, Flir Systems, Inc., Zhejiang Dahua Technology Co. Ltd., Jenoptik, Cubic Corporation, Sensys Gatso Group, Redflex Holdings, Traffic Management Technologies and Clearview Intelligence.