Intelligent Traffic Camera Market Growth by 2027: Global Opportunity Analysis and Industry Forecast

An intelligent traffic camera is a video camera that observes vehicular traffic on a road by using artificial intelligence. Increased adoption of intelligent traffic cameras for traffic control and monitoring is due to the significant advances in the field of computer vision. These systems improve traffic safety and mobility while enhancing productivity.

Characteristics of these camera, such as compact, lightweight, versatile, on-board memory buffering, choice of data interface, and ruggedized for harsh environments, drive the market growth. In addition, multi-tasking capabilities, technological advancements, and large coverage area are few other growth factors. However, high cost and chances of failure in critical condition restrain the market growth. Moreover, high growth rate of vehicle sales, increase in traffic problems, and rise in trend of computerized surveillance are expected to provide lucrative opportunities for market development.

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The global intelligent traffic camera market is segmented based on product, application, and geography. Based on product, it is classified into Mega-Pixel 2-5, Mega-Pixel 5-8, and others. The application segment includes speed measurement, security monitoring, and others. Geographically, the market is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Major companies profiled in the report include Teledyne DALSA Inc., FLIR Systems, Inc., Omnibond Systems, LLC, Polixe, EFKON India Pvt. Ltd., Videonetics, Redflex Holdings, SL Corporation, TV Rheinland, and ATT Systems Group.

Key Benefits
o Comprehensive analysis of the current trends and future estimations in the global intelligent traffic camera market is provided.
o The report offers a competitive scenario of the market with growth trends, structure, drivers, scope, opportunities, and challenges.
o It includes a detailed analysis of the key segments to provide insights on market dynamics.
o Porters Five Forces analysis highlights the potential of buyers and suppliers, and the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.

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Intelligent Traffic Camera Market Key Segments:
BY PRODUCT
o Mega-Pixel 2-5
o Mega-Pixel 5-8
o Others
BY APPLICATION
o Speed Measurement
o Security Monitoring
o Others

Key Players:
o Teledyne DALSA Inc.
o FLIR Systems, Inc.
o Omnibond Systems, LLC
o Polixe
o EFKON India Pvt. Ltd.
o Videonetics
o Redflex Holdings
o SL Corporation
o TV Rheinland
o ATT Systems Group

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