Product Code: ETC050464 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Road Safety market currently, in 2023, has witnessed an HHI of 3128, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
India is known for its vast population and bad roads. Due to this, road safety in India has become a major problem. The number of road accidents is rising each year due to lack of awareness among people about the importance of following traffic rules and regulations. This has resulted in increased casualties on the roads which need to be addressed through effective measures such as strict enforcement of laws, better infrastructure, improved vehicle design, more efficient use of technology etc. In recent years there have been some efforts by the government towards improving road safety in India but still more needs to be done.
Increasing motorization rate: According to WHO estimates, India accounts for around 10% of global fatalities due to road traffic injuries and 5th highest death toll due Covid-19 pandemic leading increase demand for better mobility solutions that can ensure safe travel experience on Indian roads. Between 2025 and 2025 the total number registered vehicles increased from 227 million units in 2025 to 255 million units at present (2025). This growth in motorization rate will create significant opportunity for players operating across India?s Road Safety market over coming years owing higher demand from consumers looking for safe transportation mode options while travelling on Indian roads post COVID 19 pandemic situation normalizes completely . Introducing advanced technologies: Several companies are introducing new technologies like Intelligent Speed Adaptation (ISA), Advanced Driver Assistance Systems (ADAS), Electronic Stability Control (ESC), Automated Emergency Braking System (AEBS) etc., which are gaining traction among automotive OEMs as these technologies help reduce risks associated with driving by alerting drivers regarding dangerous situations or preventing them from making mistakes while driving. These advanced technological innovations along with government initiatives like introduction of Vehicle Scrappage Policy will further drive adoption rates across country?s Road Safety market during forecast period between 2025?2031 .
High cost associated with implementation & maintenance : Despite numerous benefits offered by various advanced driver assistance systems & other safety features installed inside vehicles , their high costs acts a major restraining factor limiting widespread adoption especially across Tier 2 & 3 cities where majority populace belongs middle & low income group segment who cannot afford such expensive equipments . Moreover cost involved associated with regular servicing & maintenance also act as additional deterrent factor hindering penetration rates across country`s Road Safety market over next few years . Poor Infrastructure : Poorly maintained highways
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Road Safety Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Road Safety Market Revenues & Volume, 2021 & 2031F |
3.3 India Road Safety Market - Industry Life Cycle |
3.4 India Road Safety Market - Porter's Five Forces |
3.5 India Road Safety Market Revenues & Volume Share, By Solutions, 2021 & 2031F |
3.6 India Road Safety Market Revenues & Volume Share, By Service, 2021 & 2031F |
4 India Road Safety Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Road Safety Market Trends |
6 India Road Safety Market, By Types |
6.1 India Road Safety Market, By Solutions |
6.1.1 Overview and Analysis |
6.1.2 India Road Safety Market Revenues & Volume, By Solutions, 2021-2031F |
6.1.3 India Road Safety Market Revenues & Volume, By Red Light, 2021-2031F |
6.1.4 India Road Safety Market Revenues & Volume, By Speed, 2021-2031F |
6.1.5 India Road Safety Market Revenues & Volume, By Bus Lane, 2021-2031F |
6.1.6 India Road Safety Market Revenues & Volume, By Section Enforcement, 2021-2031F |
6.1.7 India Road Safety Market Revenues & Volume, By ALPR/ANPR, 2021-2031F |
6.2 India Road Safety Market, By Service |
6.2.1 Overview and Analysis |
6.2.2 India Road Safety Market Revenues & Volume, By Consulting and Training, 2021-2031F |
6.2.3 India Road Safety Market Revenues & Volume, By System Integration and Deployment, 2021-2031F |
6.2.4 India Road Safety Market Revenues & Volume, By Support and Maintenance, 2021-2031F |
7 India Road Safety Market Import-Export Trade Statistics |
7.1 India Road Safety Market Export to Major Countries |
7.2 India Road Safety Market Imports from Major Countries |
8 India Road Safety Market Key Performance Indicators |
9 India Road Safety Market - Opportunity Assessment |
9.1 India Road Safety Market Opportunity Assessment, By Solutions, 2021 & 2031F |
9.2 India Road Safety Market Opportunity Assessment, By Service, 2021 & 2031F |
10 India Road Safety Market - Competitive Landscape |
10.1 India Road Safety Market Revenue Share, By Companies, 2024 |
10.2 India Road Safety Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |