The North America Smart Traffic Camera Market would witness market growth of 12.9% CAGR during the forecast period (2021-2027).
Smart traffic cameras are integrated with artificial intelligence technology which assists the traffic controlling department to manage the traffic smoothly through real-time data capturing and processing. With the help of these smart traffic cameras, the traffic controlling department can better manage and maintain traffic jam and ensure the safety of people. These cameras are majorly utilized in monitoring traffic jam, enhancing the safety of people, and maintaining a smooth flow of traffic. These smart cameras find their applications at several places like arterial roads, freeways, expressways, and highways. Moreover, these cameras contain a sensor device, which records the real-time traffic and transmits the data in a compressed form to the monitoring center.
A surge in the number of road accidents has become a serious issue across various nations in the world. Additionally, this increased road accidents have taken the lives of many people, as a result forcing traffic regulatory authorities in several nations to adopt smart traffic cameras. These cameras assist traffic regulatory authorities by capturing images of vehicles and video sequences and the collected data is examined with help of motion analysis, face recognition, and other high-level image processing techniques.
The smart traffic camera market is anticipated to witness strong growth in North America. The growth of the regional market is attributed to increasing number of cars along with the lack of infrastructure and growing government concerns related to public safety. Additionally, smart cities across the world are rapidly developing and are creating new growth opportunities for the regional market. However, the major challenges for the regional market are hacking issues, high installation costs along with expensive equipment, and security concerns.
On contrary, smart cameras are utilized in the continuous monitoring of the road traffic, helpful in enhancing people safety on the road and maintaining the smooth flow of the traffic. These cameras are equipped with sensing devices and are highly applicable at arterial roads, freeways, expressways, and highways. The equipped sensor device helps in monitoring real-time traffic information through recorded video. North America is a highly developed region and the demand for smart traffic cameras is growing in this region, which is anticipated to escalate the growth of the smart traffic camera market in the coming years.
The US market dominated the North America Smart Traffic Camera Surveillance Camera Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $956.7 million by 2027. The Canada market is experiencing a CAGR of 14.7% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 13.7% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Camera Type, the market is segmented into Fixed Cameras, Surveillance Camera, Red Light Camera, Mobile Speed Camera, and Others. Based on Deployment Type, the market is segmented into Traffic Monitoring and Traffic Enforcement. Based on Application, the market is segmented into Surveillance & Traffic Management and Toll Management & Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Traffic Camera Market is Estimated to reach $18.1 Billion by 2027, at a CAGR of 13.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Motorola Solutions, Inc., Canon, Inc., Teledyne Technologies, Inc., Siemens AG, Jenoptik AG, Sensys Gatso Group AB, Kapsch TrafficCom AG (Datax Handelsgmbh), Hangzhou Hikvision Digital Technology Co., Ltd., IDEMIA SAS (Advent International, Inc.), and Allied Vision Technologies GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Camera Type
- Fixed Cameras
- Surveillance Camera
- Red Light Camera
- Mobile Speed Camera
- Others
By Deployment Type
- Traffic Monitoring
- Traffic Enforcement
By Application
- Surveillance & Traffic Management
- Toll Management & Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Motorola Solutions, Inc.
- Canon, Inc.
- Teledyne Technologies, Inc.
- Siemens AG
- Jenoptik AG
- Sensys Gatso Group AB
- Kapsch TrafficCom AG (Datax Handelsgmbh)
- Hangzhou Hikvision Digital Technology Co., Ltd.
- IDEMIA SAS (Advent International, Inc.)
- Allied Vision Technologies GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Traffic Camera Market, by Component
1.4.2 North America Smart Traffic Camera Market, by Camera Type
1.4.3 North America Smart Traffic Camera Market, by Deployment Type
1.4.4 North America Smart Traffic Camera Market, by Application
1.4.5 North America Smart Traffic Camera Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.2.5 Approvals and Trials
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, May – 2021, Oct) Leading Players
Chapter 4. North America Smart Traffic Camera Market by Camera Type
4.1 North America Smart Traffic Camera Fixed Cameras Market by Country
4.2 North America Smart Traffic Camera Surveillance Camera Market by Country
4.3 North America Smart Traffic Camera Red Light Camera Market by Country
4.4 North America Smart Traffic Camera Mobile Speed Camera Market by Country
4.5 North America Other Camera Type Smart Traffic Camera Market by Country
Chapter 5. North America Smart Traffic Camera Market by Deployment Type
5.1 North America Traffic Monitoring Smart Traffic Camera Market by Country
5.2 North America Traffic Enforcement Smart Traffic Camera Market by Country
Chapter 6. North America Smart Traffic Camera Market by Application
6.1 North America Surveillance & Traffic Management Smart Traffic Camera Market by Country
6.2 North America Toll Management & Others Smart Traffic Camera Market by Country
Chapter 7. North America Smart Traffic Camera Market by Component
7.1 North America Hardware Smart Traffic Camera Market by Country
7.2 North America Software Smart Traffic Camera Market by Country
7.3 North America Services Smart Traffic Camera Market by Country
Chapter 8. North America Smart Traffic Camera Market by Country
8.1 US Smart Traffic Camera Market
8.1.1 US Smart Traffic Camera Market by Camera Type
8.1.2 US Smart Traffic Camera Market by Deployment Type
8.1.3 US Smart Traffic Camera Market by Application
8.1.4 US Smart Traffic Camera Market by Component
8.2 Canada Smart Traffic Camera Market
8.2.1 Canada Smart Traffic Camera Market by Camera Type
8.2.2 Canada Smart Traffic Camera Market by Deployment Type
8.2.3 Canada Smart Traffic Camera Market by Application
8.2.4 Canada Smart Traffic Camera Market by Component
8.3 Mexico Smart Traffic Camera Market
8.3.1 Mexico Smart Traffic Camera Market by Camera Type
8.3.2 Mexico Smart Traffic Camera Market by Deployment Type
8.3.3 Mexico Smart Traffic Camera Market by Application
8.3.4 Mexico Smart Traffic Camera Market by Component
8.4 Rest of North America Smart Traffic Camera Market
8.4.1 Rest of North America Smart Traffic Camera Market by Camera Type
8.4.2 Rest of North America Smart Traffic Camera Market by Deployment Type
8.4.3 Rest of North America Smart Traffic Camera Market by Application
8.4.4 Rest of North America Smart Traffic Camera Market by Component
Chapter 9. Company Profiles
9.1 Motorola Solutions, Inc.
9.1.1 Company Overview
9.1.1 Financial Analysis
9.1.2 Regional & Segmental Analysis
9.1.3 Research & Development Expenses
9.1.4 Recent strategies and developments:
9.1.4.1 Acquisitions and Mergers:
9.1.5 SWOT Analysis
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.5.2 Geographical Expansions:
9.3 Teledyne Technologies, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.5.3 Product Launches and Product Expansions:
9.4 Siemens AG
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Acquisitions and Mergers:
9.4.5.3 Product Launches and Product Expansions:
9.4.5.4 Approvals and Trials:
9.4.6 SWOT Analysis
9.5 Jenoptik AG
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Approvals and Trials:
9.6 Sensys Gatso Group AB
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Partnerships, Collaborations, and Agreements:
9.6.4.2 Product Launches and Product Expansions:
9.6.4.3 Approvals and Trials:
9.7 Kapsch TrafficCom AG (Datax Handelsgmbh)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.8 Hangzhou Hikvision Digital Technology Co., Ltd.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.2.2 Product Launches and Product Expansions:
9.9 IDEMIA SAS (Advent International, Inc.)
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.10. Allied Vision Technologies GmbH
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Smart Traffic Camera Market, 2017 - 2020, USD Million
TABLE 2 North America Smart Traffic Camera Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Traffic Camera Market
TABLE 4 Product Launches And Product Expansions– Smart Traffic Camera Market
TABLE 5 Acquisition and Mergers– Smart Traffic Camera Market
TABLE 6 Geographical Expansions– Smart Traffic Camera Market
TABLE 7 Approvals and Trials– Smart Traffic Camera Market
TABLE 8 North America Smart Traffic Camera Market by Camera Type, 2017 - 2020, USD Million
TABLE 9 North America Smart Traffic Camera Market by Camera Type, 2021 - 2027, USD Million
TABLE 10 North America Smart Traffic Camera Fixed Cameras Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Smart Traffic Camera Fixed Cameras Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Smart Traffic Camera Surveillance Camera Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Smart Traffic Camera Surveillance Camera Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Smart Traffic Camera Red Light Camera Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Smart Traffic Camera Red Light Camera Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Smart Traffic Camera Mobile Speed Camera Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Smart Traffic Camera Mobile Speed Camera Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Other Camera Type Smart Traffic Camera Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Other Camera Type Smart Traffic Camera Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Smart Traffic Camera Market by Deployment Type, 2017 - 2020, USD Million
TABLE 21 North America Smart Traffic Camera Market by Deployment Type, 2021 - 2027, USD Million
TABLE 22 North America Traffic Monitoring Smart Traffic Camera Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Traffic Monitoring Smart Traffic Camera Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Traffic Enforcement Smart Traffic Camera Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Traffic Enforcement Smart Traffic Camera Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Smart Traffic Camera Market by Application, 2017 - 2020, USD Million
TABLE 27 North America Smart Traffic Camera Market by Application, 2021 - 2027, USD Million
TABLE 28 North America Surveillance & Traffic Management Smart Traffic Camera Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Surveillance & Traffic Management Smart Traffic Camera Market by Country, 2021 - 2027, USD Million
TABLE 30 North America Toll Management & Others Smart Traffic Camera Market by Country, 2017 - 2020, USD Million
TABLE 31 North America Toll Management & Others Smart Traffic Camera Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Smart Traffic Camera Market by Component, 2017 - 2020, USD Million
TABLE 33 North America Smart Traffic Camera Market by Component, 2021 - 2027, USD Million
TABLE 34 North America Hardware Smart Traffic Camera Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Hardware Smart Traffic Camera Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Software Smart Traffic Camera Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Software Smart Traffic Camera Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Services Smart Traffic Camera Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Services Smart Traffic Camera Market by Country, 2021 - 2027, USD Million
TABLE 40 North America Smart Traffic Camera Market by Country, 2017 - 2020, USD Million
TABLE 41 North America Smart Traffic Camera Market by Country, 2021 - 2027, USD Million
TABLE 42 US Smart Traffic Camera Market, 2017 - 2020, USD Million
TABLE 43 US Smart Traffic Camera Market, 2021 - 2027, USD Million
TABLE 44 US Smart Traffic Camera Market by Camera Type, 2017 - 2020, USD Million
TABLE 45 US Smart Traffic Camera Market by Camera Type, 2021 - 2027, USD Million
TABLE 46 US Smart Traffic Camera Market by Deployment Type, 2017 - 2020, USD Million
TABLE 47 US Smart Traffic Camera Market by Deployment Type, 2021 - 2027, USD Million
TABLE 48 US Smart Traffic Camera Market by Application, 2017 - 2020, USD Million
TABLE 49 US Smart Traffic Camera Market by Application, 2021 - 2027, USD Million
TABLE 50 US Smart Traffic Camera Market by Component, 2017 - 2020, USD Million
TABLE 51 US Smart Traffic Camera Market by Component, 2021 - 2027, USD Million
TABLE 52 Canada Smart Traffic Camera Market, 2017 - 2020, USD Million
TABLE 53 Canada Smart Traffic Camera Market, 2021 - 2027, USD Million
TABLE 54 Canada Smart Traffic Camera Market by Camera Type, 2017 - 2020, USD Million
TABLE 55 Canada Smart Traffic Camera Market by Camera Type, 2021 - 2027, USD Million
TABLE 56 Canada Smart Traffic Camera Market by Deployment Type, 2017 - 2020, USD Million
TABLE 57 Canada Smart Traffic Camera Market by Deployment Type, 2021 - 2027, USD Million
TABLE 58 Canada Smart Traffic Camera Market by Application, 2017 - 2020, USD Million
TABLE 59 Canada Smart Traffic Camera Market by Application, 2021 - 2027, USD Million
TABLE 60 Canada Smart Traffic Camera Market by Component, 2017 - 2020, USD Million
TABLE 61 Canada Smart Traffic Camera Market by Component, 2021 - 2027, USD Million
TABLE 62 Mexico Smart Traffic Camera Market, 2017 - 2020, USD Million
TABLE 63 Mexico Smart Traffic Camera Market, 2021 - 2027, USD Million
TABLE 64 Mexico Smart Traffic Camera Market by Camera Type, 2017 - 2020, USD Million
TABLE 65 Mexico Smart Traffic Camera Market by Camera Type, 2021 - 2027, USD Million
TABLE 66 Mexico Smart Traffic Camera Market by Deployment Type, 2017 - 2020, USD Million
TABLE 67 Mexico Smart Traffic Camera Market by Deployment Type, 2021 - 2027, USD Million
TABLE 68 Mexico Smart Traffic Camera Market by Application, 2017 - 2020, USD Million
TABLE 69 Mexico Smart Traffic Camera Market by Application, 2021 - 2027, USD Million
TABLE 70 Mexico Smart Traffic Camera Market by Component, 2017 - 2020, USD Million
TABLE 71 Mexico Smart Traffic Camera Market by Component, 2021 - 2027, USD Million
TABLE 72 Rest of North America Smart Traffic Camera Market, 2017 - 2020, USD Million
TABLE 73 Rest of North America Smart Traffic Camera Market, 2021 - 2027, USD Million
TABLE 74 Rest of North America Smart Traffic Camera Market by Camera Type, 2017 - 2020, USD Million
TABLE 75 Rest of North America Smart Traffic Camera Market by Camera Type, 2021 - 2027, USD Million
TABLE 76 Rest of North America Smart Traffic Camera Market by Deployment Type, 2017 - 2020, USD Million
TABLE 77 Rest of North America Smart Traffic Camera Market by Deployment Type, 2021 - 2027, USD Million
TABLE 78 Rest of North America Smart Traffic Camera Market by Application, 2017 - 2020, USD Million
TABLE 79 Rest of North America Smart Traffic Camera Market by Application, 2021 - 2027, USD Million
TABLE 80 Rest of North America Smart Traffic Camera Market by Component, 2017 - 2020, USD Million
TABLE 81 Rest of North America Smart Traffic Camera Market by Component, 2021 - 2027, USD Million
TABLE 82 Key Information – Motorola Solutions, Inc.
TABLE 83 Key Information – Canon, Inc.
TABLE 84 Key Information – Teledyne Technologies, Inc.
TABLE 85 Key Information – Siemens AG
TABLE 86 Key Information – Jenoptik AG
TABLE 87 Key Information – Sensys Gatso Group AB
TABLE 88 Key Information – Kapsch TrafficCom AG
TABLE 89 Key Information – Hangzhou Hikvision Digital Technology Co., Ltd.
TABLE 90 Key Information – IDEMIA SAS
TABLE 91 Key Information – Allied Vision Technologies GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, May – 2021, Oct) Leading Players
FIG 5 Swot analysis: Motorola solutions, inc.
FIG 6 Recent strategies and developments: Canon, Inc.
FIG 7 Recent strategies and developments: Teledyne Technologies, Inc.
FIG 8 Recent strategies and developments: Siemens AG
FIG 9 Swot analysis: Siemens AG
FIG 10 Recent strategies and developments: Sensys Gatso Group AB
FIG 11 Recent strategies and developments: Hangzhou Hikvision Digital Technology Co., Ltd.