“Smart Traffic Camera Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on smart traffic camera market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for smart traffic camera? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The smart traffic camera market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Component: Hardware; Software; Service
- 2) By Camera Type: Fixed Cameras; Mobile Speed Camera; Red Light Camera; Surveillance Camera; Traffic Monitoring Camera; ANPR Camera; Other Camera Types
- 3) By Deployment Model: Traffic Monitoring; Traffic Enforcement
- 4) By Application: Surveillance And Traffic Management; Toll Management; Other Applications
- Companies Mentioned: Axis Communications AB; Jenoptik AG; Teledyne FLIR LLC; Hangzhou Hikvision Digital Technology Co Ltd.; Tattile S.r.l
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the smart traffic camera market are: Axis Communications AB , Jenoptik AG, Teledyne FLIR LLC , Hangzhou Hikvision Digital Technology Co Ltd., Tattile S.r.l, Imperx Inc., Siemens AG, IDEMIA , Motorola Solutions Inc., Redflex Holdings, Sensys Gatso Group Ab, e-con Systems, Vitronic Gmbh, Canon Inc., and Kapsch TrafficCom AG.
The global smart traffic camera market is expected to grow from $10.56 billion in 2022 to $12.15 billion in 2023 at a compound annual growth rate (CAGR) of 15.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart traffic camera market is expected to grow to $21.17 billion in 2027 at a CAGR of 14.9%.
The smart traffic camera market consists of revenues earned by entities by providing traffic services such as implementation and integration services, support and maintenance services, and consulting services. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart traffic camera market also includes cameras and accessories. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Smart traffic cameras are devices used for monitoring intersections and improving pedestrian safety effectiveness. These can be integrated with various technologies to reduce distractions and increase road safety by catching drivers using their phones or other electronic devices while driving. These cameras have high resolution and sensors for collecting real-time information and optimizing the traffic flow of vehicles.
North America was the largest region in the smart traffic camera market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main components of a smart traffic camera are hardware, software, and service. Hardware refers to the physical parts of a computer and related devices. The camera types are fixed cameras, mobile speed cameras, red light cameras, surveillance cameras, traffic monitoring cameras, ANPR cameras, and other camera types, and are deployed through traffic monitoring and traffic enforcement. The applications involved surveillance and traffic management, toll management, and other applications.
The increase in concerns among the government related to public safety is expected to drive the smart traffic camera market forward. The government is deeply concerned about the growing number of road accidents, injuries, and fatalities. Smart traffic cameras are devices that monitor intersections between roads and improve pedestrian safety effectiveness. For instance, in September 2020, according to the World Health Organization, a United Nations government body based in Switzerland and responsible for international public health, the UN General Assembly enacted resolution A/RES/74/299, 'Improving global road safety', to prevent 50% of road traffic deaths and injuries by the year 2030 in partnership with WHO and the UN regional commissions. Therefore, the increase in concerns among the government related to public safety is driving the growth of the smart traffic camera market.
Technological development is a key trend in the smart traffic camera market. Major companies operating in the smart traffic camera market are concentrating on creating innovative technology solutions to strengthen their position in the market. For instance, in November 2020, FLIR Systems Inc., a a US-based company operating in smart traffic cameras, launched two intelligent traffic system cameras, FLIR ThermiCam AI with thermal imaging and FLIR TrafiCam AI, a visible camera. Through these AI-enabled cameras, traffic is controlled dynamically using real-time data capture and processing. The data is also fed into traffic signal controllers, which increases safety and flow at intersections. A thermal sensor embedded in the ThermiCam AI captures heat energy data, and a visible high-definition, the low-light sensor allows cities constantly monitor traffic signals, regardless of the weather conditions or even through smoke in tunnels.
In June 2020, Motorola Solutions Inc., a a US-based communications and analytics company, acquired IndigoVision for an undisclosed amount. With this acquisition, Motorola Solutions gained IndigoVision's products portfolio including in-car and body-worn cameras, advanced analytics and software, and fixed cameras which will be utilized to increase the customer base. IndigoVision is a UK-based company operating in smart traffic cameras.
The countries covered in the Smart Traffic Camera market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The smart traffic camera market research report is one of a series of new reports from The Business Research Company that provides smart traffic camera market statistics, including smart traffic camera industry global market size, regional shares, competitors with a smart traffic camera market share, detailed smart traffic camera market segments, market trends and opportunities, and any further data you may need to thrive in the smart traffic camera industry. This smart traffic camera market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Smart Traffic Camera Market Characteristics
3. Smart Traffic Camera Market Trends And Strategies
4. Smart Traffic Camera Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Smart Traffic Camera Market
- 4.2. Ukraine-Russia War Impact On Smart Traffic Camera Market
- 4.3. Impact Of High Inflation On Smart Traffic Camera Market
5. Smart Traffic Camera Market Size And Growth
- 5.1. Global Smart Traffic Camera Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Smart Traffic Camera Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Smart Traffic Camera Market Segmentation
- 6.1. Global Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hardware
- Software
- Service
- 6.2. Global Smart Traffic Camera Market, Segmentation By Camera Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Fixed Cameras
- Mobile Speed Camera
- Red Light Camera
- Surveillance Camera
- Traffic Monitoring Camera
- ANPR Camera
- Other Camera Types
- 6.3. Global Smart Traffic Camera Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Traffic Monitoring
- Traffic Enforcement
- 6.4. Global Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Surveillance And Traffic Management
- Toll Management
- Other Applications
7. Smart Traffic Camera Market Regional And Country Analysis
- 7.1. Global Smart Traffic Camera Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Smart Traffic Camera Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Smart Traffic Camera Market
- 8.1. Asia-Pacific Smart Traffic Camera Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Smart Traffic Camera Market
- 9.1. China Smart Traffic Camera Market Overview
- 9.2. China Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Smart Traffic Camera Market
- 10.1. India Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Smart Traffic Camera Market
- 11.1. Japan Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Smart Traffic Camera Market
- 12.1. Australia Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Smart Traffic Camera Market
- 13.1. Indonesia Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Smart Traffic Camera Market
- 14.1. South Korea Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Smart Traffic Camera Market
- 15.1. Western Europe Smart Traffic Camera Market Overview
- 15.2. Western Europe Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Smart Traffic Camera Market
- 16.1. UK Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Smart Traffic Camera Market
- 17.1. Germany Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Smart Traffic Camera Market
- 18.1. France Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Smart Traffic Camera Market
- 19.1. Eastern Europe Smart Traffic Camera Market Overview
- 19.2. Eastern Europe Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Smart Traffic Camera Market
- 20.1. Russia Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Smart Traffic Camera Market
- 21.1. North America Smart Traffic Camera Market Overview
- 21.2. North America Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Smart Traffic Camera Market
- 22.1. USA Smart Traffic Camera Market Overview
- 22.2. USA Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Smart Traffic Camera Market
- 23.1. South America Smart Traffic Camera Market Overview
- 23.2. South America Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Smart Traffic Camera Market
- 24.1. Brazil Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Smart Traffic Camera Market
- 25.1. Middle East Smart Traffic Camera Market Overview
- 25.2. Middle East Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Smart Traffic Camera Market
- 26.1. Africa Smart Traffic Camera Market Overview
- 26.2. Africa Smart Traffic Camera Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Smart Traffic Camera Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Smart Traffic Camera Market Competitive Landscape And Company Profiles
- 27.1. Smart Traffic Camera Market Competitive Landscape
- 27.2. Smart Traffic Camera Market Company Profiles
- 27.2.1. Axis Communications AB
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Jenoptik AG
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Teledyne FLIR LLC
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Hangzhou Hikvision Digital Technology Co Ltd
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Tattile S.r.l
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Smart Traffic Camera Market
29. Smart Traffic Camera Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer