Intelligent Traffic Camera Market Will Grow Fastest in the APAC Region
It is stated by a market research professional at P&S intelligence, that the intelligent traffic camera market is set to reach a value of USD 24,465.6 million by 2030, advancing at a rate of 8.5% in the years to come.
The increasing population in key cities around the globe has led to an increased daily commuter count, thus responsible for congestion on the road, particularly in the peak hours.
Intelligent Traffic Camera Market Research Report @ https://www.psmarketresearch.c....om/market-analysis/i
Factors, such as the growing concerns regarding safety, increasing traffic congestion in cities, advance of ADAS and connected vehicles, snowballing initiatives of the government for competent traffic management systems, and growth of smart cities globally are providing momentum to the industry.
The market grew the fastest in the traffic management. The main reasons for this were advancements in technologies, such as the launch of AI-powered traffic management systems, including intelligent traffic cameras, for remotely accessing and controlling traffic lights at intersections, for a smooth traffic flow.
This supports in the optimization of traffic flow for walkers and bicyclists, thus offering them enhanced safety in the heavy traffic.
The 2–5 MP category dominated the industry, based on type. As these cameras offer HD resolution, they are employed for facial and license plate recognition, at a distance of 13 feet.
IP bifurcation will grow faster in the market. This has a lot to do with the increasing requirement for tech- advanced IP cameras delivering larger coverage and connectivity to the cloud.
Europe intelligent traffic camera market had the largest share in the past. The regional industry is powered by the progressions in the camera technology and its affordability, supporting its acceptance in the transportation system.
