Fueled by Rising Incidence of Road Accidents, Sales of Intelligent Traffic Cameras to Generate Over $20,000.0 Million Revenue in 2030

The rising prevalence of road accidents is rapidly becoming a serious issue in several countries around the world. Moreover, road accidents are claiming more and more lives all over the world every year, owing to which, traffic regulatory authorities in various countries are increasingly adopting intelligent traffic cameras. These cameras capture video sequences and images of vehicles and then analyze this data with the help of face recognition, motion analysis, and other high-level image processing techniques.



The compressed video data and information are then transferred to the concerned authorities via a secure network for further video analysis. The soaring population levels in several emerging economies such as China, Brazil, and India are pushing up the incidence of road accidents, which is, in turn, boosting the demand for higher road safety. Due to this reason, the sales of intelligent traffic cameras are surging sharply in these countries.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/intelligent-traffic-camera-market/report-sample

Apart from mitigating the occurrence of road accidents, these cameras also help in managing road traffic and reducing road congestion in the urban areas. The better management of road traffic reduces the traveling time and leads to fuel conservation. In various major cities, such as those in China, India, Mexico, and Brazil, intelligent traffic cameras are being increasingly used by traffic authorities for managing the flow of traffic and reducing congestion.

The intelligent traffic camera market is predicted to grow, in valuation, from $10,087.8 million to $24,465.6 million from 2019 to 2030, exhibiting a CAGR of 8.5% from 2020 to 2030. Based on application, the market is categorized into toll management, surveillance, and traffic management. Out of these, the surveillance category recorded the highest volumetric growth in the market in the past, due to the launch of various smart city development programs by several governments around the world.

The smart cities are equipped with ITSs and traffic surveillance systems, owing to which, the rapid development of these cities positively impacted the sales of surveillance systems during the last few years. However, in the future years, the traffic management category is predicted to register the highest CAGR in the intelligent traffic camera market. The advancement of this category is being driven by technological innovations such as the development of AI-powered traffic management systems, that include intelligent traffic cameras.

Explore Full Report Description

Some prominent market players are ARH Inc., Pelco Inc., FLIR Systems Inc., Nedap N.V., Sony Corp., Kapsch TrafficCom AG,Canon Inc.,Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., and VITRONIC GmbH.

Comments

Post a Comment

Popular posts from this blog

Vertical Farming Market- High Investment in the Vertical Farming

Image
GLOBAL VERTICAL FARMING MARKET  By Component ·          Hardware o     Lighting §   Grow Lights §   Grow Light Reflectors §   Grow Light Ballasts o     Hydroponic Components §   Pumps and Irrigation §   Meters and Solutions §   Water Filters §   Others (includes Timer and Delivery System) o     Climate Control §   Ventilation Fans §   Air Purification/ Control §   Others (includes Condenser and HVAC System) o     Sensors §   Temperature Sensors §   CO2 Sensors §   Nutrient Sensors §   PH Sensors §   Crop Sensors §   Others (Biosensors and Electronics Nose) ·          Software Global  vertical farming market  is expected to reach $6,372.5 million by 2023, witnessing CAGR of 24.2% on account of increasing awareness levels among consumers and rising disposable income, leading to the consumption of high value crops. Adoption of organic foods, rising urban population, growing focus towards efficient production of fresh fruits and vegetabl
Read more

CBD Oil Market Assess the Trends, Opportunities and Competition in the Market

Image
With its plethora of health benefits and close association with cannabis or marijuana, as it is popularly known, cannabidiol (CBD) oil is one such controversial substance that makes doctors and medical researchers come face to face with the conservative figureheads of the society. However, with growing public awareness and government support, the stigma associated with CBD oil is rapidly going away and the product is finding more and more consumers all over the world. In the recent times, many countries such as the U.S. and Canada have legalized the usage of the compound and in the coming years, many more will follow. Several countries in Asia-Pacific (APAC), Europe, and Latin America (LATAM) such as the U.K., Norway, Spain, South Korea, Thailand, Japan, Mexico, South Africa, and Brazil have followed the U.S. and Canada and allowed the complete or partial sale of various cannabidiol-containing items in the last few years. Request to Get the Sample Report@  https://www.psmarketrese
Read more

Automotive HMI Market Opportunities, Trends, Growth Analysis | Forecast – 2030

Image
According to a report by P&S Intelligence, the global automotive HMI market is projected to generate a revenue of $55,318.4 million by 2030, increasing from $18,822.3 million in 2019, progressing at a 10.8% CAGR during the forecast period (2020–2030). The market is registering growth due to the advancements in the augmented reality, connectivity, virtual reality, and IoT technologies and the incorporation of these technologies in HMI solutions. Moreover, the swift digitization is also predicted to result in the growth of the market. Geographically, Asia-Pacific (APAC) dominated the market in 2019, in terms of value, due to the higher sales of passenger cars in the region in comparison to other regions. As the spending power of consumers is rising, the adoption of HMI-equipped vehicles is projected to rise as well. In addition to this, the Chinese automotive domain is registering considerable growth in the demand and sales of premium cars, which is further leading to the growth of
Read more