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Global Intelligent Traffic Camera Market Insight January 5, 2022 Comments

Global Intelligent Traffic Camera Market has witnessed growing treads over the five years. According to the World Knowledge Information (WKI)Global Intelligent Traffic Camera Market Report 2021, Forecast to 2026. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 8.5% base on WKI regression analysis model.
Analysts’ Viewpoint:
“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 inthe field of computer vision. These systems improve traffic safety and mobility while enhancing productivity.”said Wikky, Senior analyst, Global New Energy Market Research Center in WKI.
Market Insight:
Manufacturers of high-end intelligent traffic cameras are based on original technology. In order to make the camera more accurate, the manufacturer has added more artificial intelligence elements to the camera system. According to Market News:In February 2019, a pilot project for India’s first ITS was launched, which was evaluated for six months. Smart traffic signals and systems equipped with intelligent cameras were installed at four locationsin heavy-traffic areas.Thus, the scenario acts as a major driver for the intelligent traffic camera market”.Under such circumstances, manufacturers have increased Intelligent Traffic Camera input to adapt to the rapid development of the technology.
Competition Landscape:
The global Intelligent Traffic Camera industry is divided according to enterprise, The key players in global Intelligent Traffic Camera market are Major companies profiled in the report include Teledyne DALSA,FLR Systems, Omnibond Systems, LLC,Polixe .In competition with each other, companies are investing more and more in research and development of new Intelligent Traffic Camera, market competition is becoming increasingly fierce.
Segmentation of Intelligent Traffic Camera Market:
On the basis of Product, the industry can be segmented into three categories, 2-5MP , 6-8MP and others.the 2–5 MP category held the largest share in the intelligent traffic camera market, on the basis of type. As these cameras offer high-definition (HD) resolution, they are used for license plate and facial recognition. Moreover, 2–5 MP features can provide better and sharper images, compared to their lower-resolution counterparts, and they are also affordable. Therefore, it is expected that the 2–5 MP category will retain its dominance throughout the forecast period.

Intelligent Traffic Camera Market: Regional Analysis
In terms of geography, the Global Intelligent Traffic Camera market has been segmented into: North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. North America dominates the Intelligent Traffic Camera market. With the promotion of smart cities in more cities, the demand for automotive intelligent traffic cameras in emerging markets of the Asia-Pacific region will further increase.

Cagr: 8.5%
Largest share area:American
Largest share country:USA