Press release
Smart Traffic Camera Global Market By Component, By Application, By Deployment Model, By Camera Type, By Technology, Regional Analysis And Forecast 2023-2032 | Jenoptik AG, Teledyne FLIR LLC, Tattile S.r.l., Imperx Inc., Siemens AG
Smart Traffic Camera Market
Smart Traffic Camera Market Size, Growth Rate, And Forecast
The global smart traffic camera market size 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 size is expected to grow to $21.17 billion in 2027 at a CAGR of 14.9%.
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Smart Traffic Camera Market Drivers
The increase in government concerns 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.
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Smart Traffic Camera Market Segments
• By Component: Hardware, Software, and Service
• By Camera Type: Fixed Cameras, Mobile Speed Camera, Red Light Camera, Surveillance Camera, Traffic Monitoring Camera, ANPR Camera, Other Camera Types
• By Deployment Model: Traffic Monitoring, Traffic Enforcement
• By Application: Surveillance And Traffic Management, Toll Management, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the smart traffic camera market.
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Smart Traffic Camera Market Key Players
Major competitors in the smart traffic camera market include 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 Business Research Company's "Global Smart Traffic Camera Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Smart Traffic Camera Market Include:
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
5. Smart Traffic Camera Market Size And Growth
.....
26. Africa Smart Traffic Camera Market
27. Smart Traffic Camera Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Traffic Camera Market
29. Smart Traffic Camera Market Future Outlook and Potential Analysis
30. Appendix
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