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Smart Traffic Camera Market 2021-2030 Industry Share, Growth, Drivers, and Forecast Research Report | (CAGR) of more than 12.7%

In 2020, the smart traffic camera market size was more than the US $7.36 billion. The global smart traffic camera market is forecast to grow at a compound annual growth rate (CAGR) of more than 12.7% during the forecast period from 2021-2027.

The primary purpose of a smart traffic camera is to improve safety, keep people safe, and keep traffic flowing smoothly. Optical fiber connections connect smart cameras to freeways, expressways, highways, and arterial roads. They contain a sensing device that captures a video stream in real-time and sends it to a network node then to the monitoring center in compressed form. Cameras present in the market include speed detection cameras, red-light cameras, and traffic violation cameras.

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Factors Affecting the Market

Growing government concerns regarding public safety coupled with an increase in the number of vehicles and insufficient infrastructure are key factors contributing to the global smart traffic camera market’s growth. In addition, the development of smart cities in many countries contributes to the market’s growth.

The smart traffic camera market is likely to face several challenges, including high installation costs and security threats & hacker challenges.

During the forecast period, smart traffic cameras will benefit from an increase in analytics software penetration.

Impact Analysis of COVID-19

During the COVID-19 pandemic, smart traffic cameras have experienced stable growth due to the increasing adoption of cameras for tracking people without masks.

In addition, the growing number of COVID-19 patients has increased the need for social distance to contain the spread of the disease. Thus, governments in various countries have taken strict action against those in violation of COVID-19 regulations.

While the COVID-19 pandemic was underway, a Melbourne University professor installed cameras to monitor traffic flow in Carlton and study things like traffic volume, near-misses between vehicles and cyclists, and the transit time for pedestrians.

Thus, the rise in such developments across the globe contributed significantly to the growth of the smart traffic camera market.

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Regional Overview of the Asia-Pacific Market

Asia-Pacific is experiencing technological developments that are driving the growth of the smart camera market. In addition, the region is also becoming a hub for manufacturing smart traffic cameras. During the forecast period, the Asia-Pacific smart traffic camera market for security & surveillance will grow in three application segments: public spaces, military & defense, and transit facilities. Asia-Pacific is a large market for smart traffic cameras for security and surveillance, driven by several countries such as China, Japan, South Korea, and others.

According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.

This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).

Key Companies

The leading prominent companies profiled in the global smart traffic camera market are:

Allied Vision

Axis Communications

E Com Systems

Flir Systems



Imperx, Inc.


Motorola Solutions

Redflex Holdings

Siemens AG


Teledyne Dalsa

Vitronic Gmbh

Other Prominent Players

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Aim of the Report

The global smart traffic camera market segmentation focuses on Component, Application, Deployment Model, Camera Type, and Region.

Segmentation based on Component





Traffic Management Software

Automatic Number/License Plate Recognition

Enforcement Software

Incident Detection & Response Software



Implementation & Integration Services

Support & Maintenance Services

Consulting Services

Segmentation based on Application

Surveillance and Traffic Management

Toll Management


Segmentation based on Deployment Model

Traffic Monitoring

Traffic Enforcement

Segmentation based on Camera Type

Fixed Cameras

Mobile Speed Camera

Red Light Camera

Surveillance Camera

Traffic Monitoring Camera

ANPR Camera


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Segmentation based on Region

North America

The U.S.




Western Europe

The UK





Rest of Western Europe

Eastern Europe



Rest of Eastern Europe

Asia Pacific




Australia & New Zealand


Rest of Asia Pacific

Middle East & Africa (MEA)


Saudi Arabia

South Africa

Rest of MEA

South America



Rest of South America

What is the goal of the report?
• The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
• During the forecast period, the report analyzes the growth rate, market size, and market valuation.
• The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
• The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance

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