What is Traffic Cameras Market Scope?
Traffic cameras offers are specifically designed for advanced traffic systems. They are lightweight, versatile, on-board memory buffering, compact, choice of the data interface and ruggedized for harsh environments, these cameras are ideally suited for traffic systems. Thousands of cameras are deployed worldwide in traffic applications today and this has projected the growth of the traffic cameras market in the forecast period.
Influencing Trend:
Increasing use of Traffic Cameras on Huge Scale to Improve the Traffic Regulation from the Emerging Countries
Market Growth Drivers:
Increasing Need to Reduce Speeding and Fatalities in Urban Areas and Countries Across the World are Continuously Focusing on Increasing Road Safety and Security
Challenges:
High expenses associated with equipment installation and security threats and hacker.
Restraints:
Cost of installation is on higher side in traffic camera.
Opportunities:
Rising Road Safety Programs to Improve Motorist, as well as Pedestrian Safety, are also Expected to Influence the Market
The Traffic Cameras market study is being classified by Type (Red Light Camera, Bus Lane Enforcement Camera, Number Plate Recognition Camera and Others), by Application and major geographies with country level break-up.
Traffic Cameras is a fragmented market due to the presence of several regional and international players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.The Vendors having a strong hold in the market are JAI, FLIR Systems, Allied Vision Technologies, and IDS Imaging Development Systems. Analysts at AMA predicts that Vendors from European will contribute to the maximum growth of Global Traffic Cameras market throughout the predicted period.
JAI (Denmark), FLIR Systems (United States), Allied Vision Technologies (Germany), IDS Imaging Development Systems (Germany), Basler AG (Germany), HORIBA Scientific (Japan), Lumenera (Canada), Xenics (Belgium), Photonfocus (Switzerland) and Infrared Cameras Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Teledyne DALSA Inc. (Canada) and Omnibond Systems, LLC (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Traffic Cameras market by Type, Application and Region.
On the basis of geography, the market of Traffic Cameras has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In January 2021, Teledyne acquired Flir System. Teledyne Technologies I and FLIR Systems, Inc. jointly announced that they have entered into a definitive agreement under which Teledyne acquired FLIR in a cash and stock transaction valued at approximately USD 8.0 billion.
In May 2021, Flir Systems, Inc. has introduced two intelligent traffic system cameras, the Flir Trafisense AI with thermal imaging and the Flir Traficam AI visible camera, both with artificial intelligence (AI) to optimise traffic flow on roadways and at intersections.
Key Target Audience
Traffic Cameras Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
Traffic Cameras Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Traffic Cameras Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Traffic Cameras industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.