The market size of the smart traffic camera has witnessed rapid growth in recent years, expanding from $13.52 billion in 2024 to $15.47 billion in 2025, at a compound annual growth rate (CAGR) of 14.4%. Factors contributing to this historic period growth include urbanization and population growth, traffic congestion worries, data-driven decision-making, public awareness and education, economic surge, and higher vehicle ownership.
The market size is projected to further increase, reaching $27.58 billion in 2029 at a CAGR of 15.6%. The growth during the forecast period can be credited to government initiatives for smart cities, advancements in road safety and accident prevention, global events impacting traffic patterns, and the evolution of the urban mobility solutions regulatory environment. Some noteworthy trends include AI integration, advanced video analytics for traffic monitoring, real-time incident detection, and smart parking solutions.
Get Your Free Sample of The Global Smart Traffic Camera Market Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=8040&type=smp
Which Factors Are Driving The Smart Traffic Camera Market Growth?
The smart traffic camera market growth is primarily propelled by government concerns regarding public safety, particularly the increasing number of road accidents and fatalities. For instance, the World Health Organization, a Switzerland-based United Nations agency specializing in international public health, launched the Second Decade of Action in June 2022 with the Global Plan for the Decade of Action for Road Safety 2021–30 published.
What Are The Key Segments In The Smart Traffic Camera Market?
1) By Component: Hardware, Software, Service
2) By Camera Type: Fixed Cameras, Mobile Speed Camera, Red Light Camera, Surveillance Camera, Traffic Monitoring Camera, ANPR Camera, Other Camera Types
3) By Deployment Model: Traffic Monitoring, Traffic Enforcement
4) By Application: Surveillance And Traffic Management, Toll Management, Other Applications
Order your report now for swift delivery: https://www.thebusinessresearchcompany.com/report/smart-traffic-camera-global-market-report
Which Companies Lead The Smart Traffic Camera Market?
Major players in the smart traffic camera market include Axis Communications AB, Jenoptik AG, Teledyne FLIR LLC, Tattile S.r.l., Sensys Gatso Group AB, Kapsch TrafficCom AG, ARH Inc., FLIR Systems Inc., Hanwha Techwin Co. Ltd., Pelco by Schneider Electric, Bosch Security Systems, Hikvision, VIVOTEK Inc., Dahua Technology Co. Ltd., Avigilon Corporation, Genetec Inc., March Networks Corporation, IndigoVision Group plc, Verint Systems Inc., Honeywell International Inc., and Siemens AG.
Which Trends Are Shaping The Smart Traffic Camera Market?
The development of new technologies, such as AI, is a key trend shaping the market. For example, Mobileye Global Inc, a software company based in Israel, launched the world’s first camera-only Intelligent Speed Assist (ISA) solution in July 2023, which aligns with the new EU General Safety Regulation (GSR) standards.
How Is The Regional Landscape Of The Smart Traffic Camera Market?
In 2024, North America emerged as the largest region in the smart traffic camera market. The report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Smart Traffic Camera Market Report 2025 Offer?
Smart traffic cameras are devices used for traffic intersections and pedestrian safety monitoring. They can be integrated with various technologies to reduce distractions and enhance road safety by catching drivers using electronic devices while driving.
Purchase the exclusive report now to unlock valuable market insights: https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8040
The Smart Traffic Camera Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
About The Business Research Company
Equipped with more than 15,000 reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for providing comprehensive, data-rich researched insights.
Contact Info:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model