15 States Where You’re Most Likely To Get In A Car Accident

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In this article, we will take a look at the 15 states where you're most likely to get in a car accident. If you want to skip our detailed analysis, you can go directly to the 5 States Where You're Most Likely To Get In A Car Accident.

The Global Road Safety Market: An Overview

According to a report by Grand View Research, the global road safety market was valued at $3.27 billion in 2023. It is a fast-growing market and is expected to grow at a compound annual growth rate (CAGR) of 17.5% from 2023 to 2030, and reach $10.13 billion by 2030. The high number of road accidents and fatalities have made consumers more conscious and they are willing to invest in road safety products.

Road safety is a major concern globally. According to a report by the World Health Organization (WHO), 1.19 million people die each year as a result of road accidents. The alarmingly high number of fatalities has made it a leading cause of death in people aged between five and twenty-nine years. Road accidents also incur a significant cost to the governments as well and have been estimated to be around 3% of their gross domestic product. People who survive these accidents, almost 20 to 50 million, often suffer from serious injuries and disabilities for the rest of their lives.

The road safety industry is undergoing a massive transformation. One of the most notable trends is the integration of various products into one. Instead of designing and manufacturing road safety products including red lights and speed monitoring systems, the industry is focused on merging them into a single unit. Another prominent trend is the rising inclination towards connected commercial vehicles. Connected commercial vehicles enable vehicles that are equipped with the technology to communicate with other vehicles, infrastructure, and external systems through wireless networks. This shift is also generating opportunities for investment in infrastructure supporting connected and autonomous vehicles. The data collected through connected commercial vehicles enables companies to analyze road user behavior and traffic patterns to inform the development of enhanced road infrastructure. You can also check out the 30 Countries With Best Drivers and Stringent Traffic Laws.

Major Players In The Road Safety Industry

Some of the most notable players in the road safety industry include Mobileye Global Inc. (NASDAQ:MBLY), Aptiv PLC (NYSE:APTV), and QUALCOMM Incorporated (NASDAQ:QCOM).

Mobileye Global Inc. (NASDAQ:MBLY) manufactures and designs autonomous driving and driver-assistance technologies. The company was founded in 1999. Some of the noteworthy products by the company include True Redundancy Sensing and Responsibility Sensitive Safety. On February 13, Mobileye Global Inc. (NASDAQ:MBLY) announced a collaboration with Project 3 Mobility (P3). The partnership aims to develop a new urban mobility service utilizing the company's autonomous driving technology, Mobileye Drive. The two companies are set on target testing Mobileye's AV solution in Zagreb starting in 2024, with a service launch planned for 2026. Furthermore, P3 has secured agreements with 9 European Union, United Kingdom, and Gulf Cooperation Council cities, with plans for further expansion.