PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484678
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484678
Intelligent Traffic Camera Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overlook
In 2023, the worldwide intelligent traffic camera industry was valued at USD 14.0 billion, which is projected to advance at a CAGR of 9.0% over the projection period, to attain USD 25.5 billion by the end of the decade. The rising population in major cities across the world has led to an increased number of daily commuters, thereby creating road congestion, especially during peak hours.
Reasons like the surging safety concern, increasing traffic congestion in cities, growth of enhanced ADAS and connected vehicles, increasing government steps for effective traffic management systems, and expansion of smart cities throughout the globe are offering impetus to the industry.
One of the major trends witnessed in the market is the increasing number of collaborations and partnerships among different systems providers, intelligent camera manufacturers, traffic management solution providers, and other stakeholders. These partnerships were aimed at helping companies gain access to the existing knowledge of acquired companies and enhance their portfolio with the addition of an attractive suite of products and services.
Moreover, a considerable number of mergers and acquisitions are opening new avenues in terms of collaborations among existing players, which is helping reduce the overall cost of developing new systems and increase the profit margins of the key players.
As stated by the World Health Organization (WHO), about 1.3 million road accidents occur every year across the world. In many developing countries, the accident rate is quite high, mainly due to poor road conditions.
Key Insights
The Traffic management category is estimated to advance quickly at a CAGR of 9.5% because of improvements like AI-powered systems.
AI-fortified traffic systems enhance traffic flow and improve safety for pedestrians and cyclists.
Surveillance application is the largest one, covering 50% market share, and it is crucial to cyber security and smart cities.
The state has a critical position in creation of intelligent urban areas that provide better protection levels.
The 2-5 MP camera category dominated the market in 2023 with a 70% share due to its HD resolution and affordability.
The 6-8 MP category is expected to grow faster with a 9.3% CAGR due to its high-resolution capabilities for capturing multiple lanes.
IP cameras are anticipated to grow rapidly at a CAGR of 9.4% owing to their advanced features like cloud connectivity and larger coverage.
Analog cameras held a larger market share of 75% in 2023 due to their widespread use in traffic surveillance globally.
Europe is the largest market with a 55% revenue share in 2023, driven by developed traffic control systems and government collaborations.
APAC is the fastest-growing market with a 9.7% CAGR from 2024 to 2030, fueled by increased investments in traffic management solutions in populous countries like China and India
Smart traffic cameras market at the global level is divided a little less than much.
CSPs employ strategic weapons of product launch, partnership and expansion among the important actors.
Hikvision, a division of Hangzhou Hikvision Digital Technology Co. Ltd., retains a dominant market position in terms of conventional surveillance and VSaaS applications.
Either the company takes advantage of state-of-the-art technology to launch new products or to meet the demands of the supply chain, etc.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by application
- 1.4.2. Market size breakdown, by type
- 1.4.3. Market size breakdown, by product
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Volume, by Application (2017-2030)
- 6.3. Market Revenue, by Application (2017-2030)
- 6.4. Market Volume, by Type (2017-2030)
- 6.5. Market Revenue, by Type (2017-2030)
- 6.6. Market Volume, by Product (2017-2030)
- 6.7. Market Revenue, by Product (2017-2030)
- 6.8. Market Volume, by Region (2017-2030)
- 6.9. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Volume, by Application (2017-2030)
- 7.3. Market Revenue, by Application (2017-2030)
- 7.4. Market Volume, by Type (2017-2030)
- 7.5. Market Revenue, by Type (2017-2030)
- 7.6. Market Volume, by Product (2017-2030)
- 7.7. Market Revenue, by Product (2017-2030)
- 7.8. Market Volume, by Country (2017-2030)
- 7.9. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Volume, by Application (2017-2030)
- 8.3. Market Revenue, by Application (2017-2030)
- 8.4. Market Volume, by Type (2017-2030)
- 8.5. Market Revenue, by Type (2017-2030)
- 8.6. Market Volume, by Product (2017-2030)
- 8.7. Market Revenue, by Product (2017-2030)
- 8.8. Market Volume, by Country (2017-2030)
- 8.9. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Volume, by Application (2017-2030)
- 9.3. Market Revenue, by Application (2017-2030)
- 9.4. Market Volume, by Type (2017-2030)
- 9.5. Market Revenue, by Type (2017-2030)
- 9.6. Market Volume, by Product (2017-2030)
- 9.7. Market Revenue, by Product (2017-2030)
- 9.8. Market Volume, by Country (2017-2030)
- 9.9. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Volume, by Application (2017-2030)
- 10.3. Market Revenue, by Application (2017-2030)
- 10.4. Market Volume, by Type (2017-2030)
- 10.5. Market Revenue, by Type (2017-2030)
- 10.6. Market Volume, by Product (2017-2030)
- 10.7. Market Revenue, by Product (2017-2030)
- 10.8. Market Volume, by Country (2017-2030)
- 10.9. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Volume, by Application (2017-2030)
- 11.3. Market Revenue, by Application (2017-2030)
- 11.4. Market Volume, by Type (2017-2030)
- 11.5. Market Revenue, by Type (2017-2030)
- 11.6. Market Volume, by Product (2017-2030)
- 11.7. Market Revenue, by Product (2017-2030)
- 11.8. Market Volume, by Country (2017-2030)
- 11.9. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Volume, by Application (2017-2030)
- 12.3. Market Revenue, by Application (2017-2030)
- 12.4. Market Volume, by Type (2017-2030)
- 12.5. Market Revenue, by Type (2017-2030)
- 12.6. Market Volume, by Product (2017-2030)
- 12.7. Market Revenue, by Product (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Volume, by Application (2017-2030)
- 13.3. Market Revenue, by Application (2017-2030)
- 13.4. Market Volume, by Type (2017-2030)
- 13.5. Market Revenue, by Type (2017-2030)
- 13.6. Market Volume, by Product (2017-2030)
- 13.7. Market Revenue, by Product (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Volume, by Application (2017-2030)
- 14.3. Market Revenue, by Application (2017-2030)
- 14.4. Market Volume, by Type (2017-2030)
- 14.5. Market Revenue, by Type (2017-2030)
- 14.6. Market Volume, by Product (2017-2030)
- 14.7. Market Revenue, by Product (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Volume, by Application (2017-2030)
- 15.3. Market Revenue, by Application (2017-2030)
- 15.4. Market Volume, by Type (2017-2030)
- 15.5. Market Revenue, by Type (2017-2030)
- 15.6. Market Volume, by Product (2017-2030)
- 15.7. Market Revenue, by Product (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Volume, by Application (2017-2030)
- 16.3. Market Revenue, by Application (2017-2030)
- 16.4. Market Volume, by Type (2017-2030)
- 16.5. Market Revenue, by Type (2017-2030)
- 16.6. Market Volume, by Product (2017-2030)
- 16.7. Market Revenue, by Product (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Volume, by Application (2017-2030)
- 17.3. Market Revenue, by Application (2017-2030)
- 17.4. Market Volume, by Type (2017-2030)
- 17.5. Market Revenue, by Type (2017-2030)
- 17.6. Market Volume, by Product (2017-2030)
- 17.7. Market Revenue, by Product (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Volume, by Application (2017-2030)
- 18.3. Market Revenue, by Application (2017-2030)
- 18.4. Market Volume, by Type (2017-2030)
- 18.5. Market Revenue, by Type (2017-2030)
- 18.6. Market Volume, by Product (2017-2030)
- 18.7. Market Revenue, by Product (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Volume, by Application (2017-2030)
- 19.3. Market Revenue, by Application (2017-2030)
- 19.4. Market Volume, by Type (2017-2030)
- 19.5. Market Revenue, by Type (2017-2030)
- 19.6. Market Volume, by Product (2017-2030)
- 19.7. Market Revenue, by Product (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Volume, by Application (2017-2030)
- 20.3. Market Revenue, by Application (2017-2030)
- 20.4. Market Volume, by Type (2017-2030)
- 20.5. Market Revenue, by Type (2017-2030)
- 20.6. Market Volume, by Product (2017-2030)
- 20.7. Market Revenue, by Product (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Volume, by Application (2017-2030)
- 21.3. Market Revenue, by Application (2017-2030)
- 21.4. Market Volume, by Type (2017-2030)
- 21.5. Market Revenue, by Type (2017-2030)
- 21.6. Market Volume, by Product (2017-2030)
- 21.7. Market Revenue, by Product (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Volume, by Application (2017-2030)
- 22.3. Market Revenue, by Application (2017-2030)
- 22.4. Market Volume, by Type (2017-2030)
- 22.5. Market Revenue, by Type (2017-2030)
- 22.6. Market Volume, by Product (2017-2030)
- 22.7. Market Revenue, by Product (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Volume, by Application (2017-2030)
- 23.3. Market Revenue, by Application (2017-2030)
- 23.4. Market Volume, by Type (2017-2030)
- 23.5. Market Revenue, by Type (2017-2030)
- 23.6. Market Volume, by Product (2017-2030)
- 23.7. Market Revenue, by Product (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Volume, by Application (2017-2030)
- 24.3. Market Revenue, by Application (2017-2030)
- 24.4. Market Volume, by Type (2017-2030)
- 24.5. Market Revenue, by Type (2017-2030)
- 24.6. Market Volume, by Product (2017-2030)
- 24.7. Market Revenue, by Product (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Volume, by Application (2017-2030)
- 25.3. Market Revenue, by Application (2017-2030)
- 25.4. Market Volume, by Type (2017-2030)
- 25.5. Market Revenue, by Type (2017-2030)
- 25.6. Market Volume, by Product (2017-2030)
- 25.7. Market Revenue, by Product (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Volume, by Application (2017-2030)
- 26.3. Market Revenue, by Application (2017-2030)
- 26.4. Market Volume, by Type (2017-2030)
- 26.5. Market Revenue, by Type (2017-2030)
- 26.6. Market Volume, by Product (2017-2030)
- 26.7. Market Revenue, by Product (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Volume, by Application (2017-2030)
- 27.3. Market Revenue, by Application (2017-2030)
- 27.4. Market Volume, by Type (2017-2030)
- 27.5. Market Revenue, by Type (2017-2030)
- 27.6. Market Volume, by Product (2017-2030)
- 27.7. Market Revenue, by Product (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Volume, by Application (2017-2030)
- 28.3. Market Revenue, by Application (2017-2030)
- 28.4. Market Volume, by Type (2017-2030)
- 28.5. Market Revenue, by Type (2017-2030)
- 28.6. Market Volume, by Product (2017-2030)
- 28.7. Market Revenue, by Product (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Dahua Technology Co. Ltd
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Hangzhou Hikvision Digital Technology Co. Ltd.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Axis Communications AB
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Bosch Security Systems LLC
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Allied Vision Technologies GmbH
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Adaptive Recognition Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Bluecard Technologies Corp.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Canon Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Pelco Inc.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Teledyne FLIR LLC
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Genetec Inc.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
