Published Date: 24-Nov-2021
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According to a new report Global Smart Traffic Camera Market, published by KBV research, The Global Smart Traffic Camera Market size is expected to reach $18.1 billion by 2027, rising at a market growth of 13.1% CAGR during the forecast period.
In 2020, the surveillance & traffic management segment acquired the largest revenue share of the smart traffic camera market and is anticipated to showcase the same trend over the forecast period. The factors such as enhancement in the regional road network and rising requirements to minimize recurring traffic congestion on roads & highways are driving the growth of the segment in the market.
In 2020, the hardware segment dominated the smart traffic camera market and is likely to exhibit similar kind of trend even during the forecasting years. Factor such as the growing deployment of cameras and other systems for managing traffic is responsible for the growth of this segment.
In 2020, the Asia-Pacific held the highest revenue share of the smart traffic camera market and is anticipated to unfold similar kind of trend over the forecasting years. The growing requirement to continuously monitor speed offenses and red-light violations are driving the growth of the segment. Moreover, the extraction of the video information and transmission of video data through a network for analysis and enhancements in the traffic infrastructure in emerging countries for face detection & motion analysis are the factors anticipated to propel the growth of the regional smart traffic camera market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Camera Type
By Deployment Type
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