Canada Road Safety Market Size & Outlook, 2023-2030
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Canada road safety market highlights
- The Canada road safety market generated a revenue of USD 126.7 million in 2023 and is expected to reach USD 372.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 16.7% from 2024 to 2030.
- In terms of segment, red light & speed enforcement was the largest revenue generating solution in 2023.
- Red Light & Speed Enforcement is the most lucrative solution segment registering the fastest growth during the forecast period.
Road safety market data book summary
| Market revenue in 2023 | USD 126.7 million |
| Market revenue in 2030 | USD 372.5 million |
| Growth rate | 16.7% (CAGR from 2023 to 2030) |
| Largest segment | Red light & speed enforcement |
| Fastest growing segment | Red Light & Speed Enforcement |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Red Light & Speed Enforcement, Incident Detection & Response, Automatic Number/License Plate Recognition (ANPR/ALPR) |
| Key market players worldwide | Verra Mobility Corp Class A, Conduent Inc, IDEMIA, Jenoptik AG, Motorola Solutions Inc, Siemens AG, Teledyne Technologies Inc, Kapsch Group, Sensys Gatso Group, Dahua Technology, Cubic Corporation, Redflex, SWARCO, VITRONIC |
Other key industry trends
- In terms of revenue, Canada accounted for 3.9% of the global road safety market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. road safety market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,391.5 million by 2030.
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Road Safety Market Scope
Road Safety Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| VITRONIC | View profile | 501-1000 | Wiesbaden, Hessen, Germany, Europe | https://www.vitronic.com |
| Redflex | View profile | 501-1000 | South Melbourne, Victoria, Australia, Oceania | https://redflex.com/ |
| Dahua Technology | View profile | 10001+ | Hangzhou, Zhejiang, China, Asia | https://www.dahuatech.com |
| Sensys Gatso Group | View profile | 251-500 | Haarlem, Noord-Holland, The Netherlands, Europe | https://www.sensysgatso.com/ |
| SWARCO | View profile | 5001-10000 | Wattens, Tirol, Austria, Europe | https://www.swarco.com/ |
| Kapsch Group | View profile | 1001-5000 | Vienna, Wien, Austria, Europe | https://www.kapsch.net/ |
| Cubic Corporation | View profile | 10001+ | San Diego, California, United States, North America | http://cubic.com |
| Verra Mobility Corp Class A | View profile | 1788 | 1150 North Alma School Road, Mesa, AZ, United States, 85201 | https://www.verramobility.com |
| Teledyne Technologies Inc | View profile | 14900 | 1049 Camino Dos Rios, Thousand Oaks, CA, United States, 91360-2362 | https://www.teledyne.com |
| Jenoptik AG | View profile | 4704 | Carl-Zeiss-Strasse 1, Jena, Germany, 07743 | https://www.jenoptik.com |
| Motorola Solutions Inc | View profile | 21000 | 500 West Monroe Street, Suite 4400, Chicago, IL, United States, 60661 | https://www.motorolasolutions.com |
| IDEMIA | View profile | 10001+ | Courbevoie, Ile-de-France, France, Europe | https://www.idemia.com/ |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Conduent Inc | View profile | 59000 | 100 Campus Drive, Suite 200, Florham Park, NJ, United States, 07932 | https://www.conduent.com |
Canada road safety market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to road safety market will help companies and investors design strategic landscapes.
Red light & speed enforcement was the largest segment with a revenue share of 56.91% in 2023. Horizon Databook has segmented the Canada road safety market based on red light & speed enforcement, incident detection & response, automatic number/license plate recognition (anpr/alpr) covering the revenue growth of each sub-segment from 2018 to 2030.
- Canada Road Safety Solution Outlook (Revenue, USD Million, 2018-2030)
- Incident Detection & Response
- Red Light & Speed Enforcement
- Automatic Number/License Plate Recognition (ANPR/ALPR)
- Others
- Canada Road Safety Service Outlook (Revenue, USD Million, 2018-2030)
- Professional Services
- Managed Services
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Target buyers of Canada road safety market databook
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Our clientele includes a mix of road safety market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada road safety market , including forecasts for subscribers. This country databook contains high-level insights into Canada road safety market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada road safety market size, by solution, 2018-2030 (US$M)
Canada Road Safety Market Outlook Share, 2023 & 2030 (US$M)
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