Market Overview:
Rising adoption of intelligent traffic cameras for traffic control and monitoring is due to the significant advances in the field of computer vision will help to boost the global intelligent traffic camera market. An intelligent traffic camera is referred to as a video camera that detects vehicular traffic on a road by using artificial intelligence. It helps expand traffic safety as well as mobility while improving productivity. There are various features which help to drive market including compact, onboard memory buffering, lightweight, versatile choice of a data interface, and ruggedized for harsh environments. Moreover, technological advancements, multi-tasking capabilities, and large coverage area are few other growth factors.
Asia- Pacific is projected to be the fastest-growing market, expanding at a CAGR of
% from 2023 to 2030.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Teledyne DALSA Inc. (Canada), FLIR Systems, Inc. (United States), Omnibond Systems, LLC (United States), EFKON India Pvt. Ltd. (India), BOSCH SECURITY SYSTEMS (United States), TV Rheinland (Germany), ATT Systems Group (Singapore), OMNIBOND SYSTEMS, LLC (United States), FLIR SYSTEMS, INC. (United States) and TYCO SECURITY PRODUCTS (Johnson Controls) (United States) |
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 |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Intelligent Traffic Cameras Market Study:
Teledyne DALSA Inc. (Canada), FLIR Systems, Inc. (United States), Omnibond Systems, LLC (United States), EFKON India Pvt. Ltd. (India), BOSCH SECURITY SYSTEMS (United States), TV Rheinland (Germany), ATT Systems Group (Singapore), OMNIBOND SYSTEMS, LLC (United States), FLIR SYSTEMS, INC. (United States) and TYCO SECURITY PRODUCTS (Johnson Controls) (United States)
Intelligent Traffic Cameras Market Segment Analysis
Scope | Sub-Segments |
---|
Application / End User | Speed Measurement, Security Monitoring and Others |
Type | Mega-Pixel 2-5, Mega-Pixel 5-8 and Others |
Distribution Channel | Online,Offline |
Influencing Trend:
Up Surging Demand Due To Increase in Traffic Problems and Growing Demand Large Coverage Area
Market Growth Drivers:
Rising Demand Due to Multi-Tasking Capabilities and High Adoption due To Technological Advancements
Challenges:
Data security and privacy
Restraints:
High Cost of Intelligent Traffic Camera s and Rising Chances of Failure in Critical Condition
Opportunities:
High Growth Rate of Vehicle Sales and Rise in Trend of Computerized Surveillance
Some of the other players that are also part of study are Videonetics (India), Redflex Holdings (Australia) and SL Corporation (South Korea). The Global Intelligent Traffic Cameras market is gaining huge competition due to involvement of Japan companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In July 2023, Mobileye launching in production vehicles this year, helps global automakers meet new European Union (EU) General Safety Regulation (GSR) standards requiring automatic sensing of speed limits in all new vehicle models, without the need to rely on third-party map and GPS data.
In November 2023, Hualai Technology and Xailient have announced a strategic partnership to bring privacy-conscious, manageable, and cost-effective smart cameras to the smart home and security market. This groundbreaking partnership unites Hualai, a leader in affordable smart camera hardware manufacturing, with Xailient, a global frontrunner in AI Computer Vision software that complies with regulatory standards.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Intelligent Traffic Cameras market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Intelligent Traffic Cameras market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes OEM Manufacturers, Research Institutes, Market Research and Consulting Firms, Venture Capitalists, Private Equity Firms, Angel Investors, Government Bodies, Corporate Entities and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.