Market Overview:
The global traffic enforcement camera market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing number of accidents and fatalities across the globe, rising demand for safety and security, and growing awareness about traffic laws among motorists. The global traffic enforcement camera market is segmented on the basis of type into speed enforcement cameras, number plate recognition cameras, and others. Speed enforcement cameras are expected to account for the largest share of the global traffic enforcement camera market in 2018 owing to their ability to capture high-speed violations accurately. Number plate recognition cameras are expected to grow at a higher CAGR than other types during the forecast period as they are increasingly being used for applications such as parking management and access control. On the basis of application, the global traffic enforcement camera market is segmented into traffic management, parking management, and others (including toll collection).
Product Definition:
A traffic enforcement camera (also known as a red light camera, speed camera, or photo radar) is a type of automated enforcement technology used to capture images of vehicles that run red lights or exceed the posted speed limit.
Speed Enforcement:
The global speed enforcement, it's usage and growth factor in the traffic camera market size was valued at USD 3.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing number of road accidents worldwide has led to a rise in demand for automated speed monitoring devices on highways as well as city roads. Moreover, growing awareness regarding speeding among drivers has also contributed toward industry growth over the past few years.
Number Plate Recognition:
Number Plate Recognition (NPRO) is a technology that enables law enforcement agencies to identify and track the license plate of any vehicle. It helps in locating and tracking down stolen vehicles, evading traffic violations, or investigating criminal activities. The technology comprises features such as black & white cameras, LPR devices, automatic number identification (ANI), high-speed photography systems along with detailed description of the car including make model year etc., enabling quick search and arrest.
Application Insights:
The traffic management application segment dominated the global market in 2017. This is attributed to its rising adoption across various regions, such as North America and Europe. For instance, according to a study conducted by TTI in 2018, around 60% of the cities in North America use video enforcement systems for traffic management purposes only. Moreover, these systems are also used for applications other than traffic management such as parking enforcement and red light camera programs.
Parking is expected to be the fastest-growing segment over the forecast period owing to increasing urbanization and construction of new infrastructure projects across various regions including Asia Pacific and Middle East & Africa.
Regional Analysis:
North America dominated the global traffic enforcement camera market in 2017. The region is expected to maintain its position over the forecast period as well. This can be attributed to various factors such as increasing number of traffic cameras, high spending capacity of government and growing awareness among people for using these systems.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand from developing countries such as India and China, which have a large population with low income levels. Moreover, governments are increasingly focusing on improving road infrastructure in order to attract more tourists and boost economic growth; hence boosting product demand across this region during the forecast period from 2018-2030 (USD Million).
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing number of road accidents and fatalities across the globe is expected to drive the demand for traffic enforcement cameras over the forecast period.
- Stringent government regulations pertaining to safety of drivers and passengers are also projected to fuel the growth of traffic enforcement camera market.
- Proliferation of advanced technologies such as high-resolution cameras, intelligent video analytics, and wireless connectivity is anticipated to boost the demand for these systems in coming years
- Growing awareness about safety among consumers is likely to propel adoption of these systems in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Traffic Enforcement Camera Market Research Report
By Type
Speed Enforcement, Number Plate Recognition, Others
By Application
Traffic Management, Parking, Others
By Companies
Verra Mobility(American Traffic Solutions Inc), Redflex Holdings(REDFLEX Traffic Systems), XEROX Services, TomTom NV, SWARCO Traffic Ltd, Jinan Zhiye Electronic Co., Ltd, GATSO Deutschland GmbH, Jenoptik Group, Vysionics Intelligent Traffic Solutions, Bosch Security Systems, Verra Mobility(American Traffic Solutions Inc), Elsag, Genetec, GeoVision, Kapsch TrafficCom, Dacoll Group Ltd(NDI Recognition Systems), Petards, Siemens, Shenzhen AnShiBao, Tattile, Vigilant Solutions, Vivotek
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Traffic Enforcement Camera Market Report Segments:
The global Traffic Enforcement Camera market is segmented on the basis of:
Types
Speed Enforcement, Number Plate Recognition, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Traffic Management, Parking, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Verra Mobility(American Traffic Solutions Inc)
- Redflex Holdings(REDFLEX Traffic Systems)
- XEROX Services
- TomTom NV
- SWARCO Traffic Ltd
- Jinan Zhiye Electronic Co., Ltd
- GATSO Deutschland GmbH
- Jenoptik Group
- Vysionics Intelligent Traffic Solutions
- Bosch Security Systems
- Verra Mobility(American Traffic Solutions Inc)
- Elsag
- Genetec
- GeoVision
- Kapsch TrafficCom
- Dacoll Group Ltd(NDI Recognition Systems)
- Petards
- Siemens
- Shenzhen AnShiBao
- Tattile
- Vigilant Solutions
- Vivotek
Highlights of The Traffic Enforcement Camera Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Speed Enforcement
- Number Plate Recognition
- Others
- By Application:
- Traffic Management
- Parking
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Traffic Enforcement Camera Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A traffic enforcement camera is a device that captures images of vehicles driving on public roads. The images are then used to identify drivers and issue citations.
Some of the major companies in the traffic enforcement camera market are Verra Mobility(American Traffic Solutions Inc), Redflex Holdings(REDFLEX Traffic Systems), XEROX Services, TomTom NV, SWARCO Traffic Ltd, Jinan Zhiye Electronic Co., Ltd, GATSO Deutschland GmbH, Jenoptik Group, Vysionics Intelligent Traffic Solutions, Bosch Security Systems, Verra Mobility(American Traffic Solutions Inc), Elsag, Genetec, GeoVision, Kapsch TrafficCom, Dacoll Group Ltd(NDI Recognition Systems), Petards, Siemens, Shenzhen AnShiBao, Tattile, Vigilant Solutions, Vivotek.
The traffic enforcement camera market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Traffic Enforcement Camera Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Traffic Enforcement Camera Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Traffic Enforcement Camera Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Traffic Enforcement Camera Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Traffic Enforcement Camera Market Size & Forecast, 2018-2028
4.5.1 Traffic Enforcement Camera Market Size and Y-o-Y Growth
4.5.2 Traffic Enforcement Camera Market Absolute $ Opportunity
Chapter 5 Global Traffic Enforcement Camera Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Traffic Enforcement Camera Market Size Forecast by Type
5.2.1 Speed Enforcement
5.2.2 Number Plate Recognition
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Traffic Enforcement Camera Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Traffic Enforcement Camera Market Size Forecast by Applications
6.2.1 Traffic Management
6.2.2 Parking
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Traffic Enforcement Camera Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Traffic Enforcement Camera Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Traffic Enforcement Camera Analysis and Forecast
9.1 Introduction
9.2 North America Traffic Enforcement Camera Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Traffic Enforcement Camera Market Size Forecast by Type
9.6.1 Speed Enforcement
9.6.2 Number Plate Recognition
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Traffic Enforcement Camera Market Size Forecast by Applications
9.10.1 Traffic Management
9.10.2 Parking
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Traffic Enforcement Camera Analysis and Forecast
10.1 Introduction
10.2 Europe Traffic Enforcement Camera Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Traffic Enforcement Camera Market Size Forecast by Type
10.6.1 Speed Enforcement
10.6.2 Number Plate Recognition
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Traffic Enforcement Camera Market Size Forecast by Applications
10.10.1 Traffic Management
10.10.2 Parking
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Traffic Enforcement Camera Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Traffic Enforcement Camera Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Traffic Enforcement Camera Market Size Forecast by Type
11.6.1 Speed Enforcement
11.6.2 Number Plate Recognition
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Traffic Enforcement Camera Market Size Forecast by Applications
11.10.1 Traffic Management
11.10.2 Parking
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Traffic Enforcement Camera Analysis and Forecast
12.1 Introduction
12.2 Latin America Traffic Enforcement Camera Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Traffic Enforcement Camera Market Size Forecast by Type
12.6.1 Speed Enforcement
12.6.2 Number Plate Recognition
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Traffic Enforcement Camera Market Size Forecast by Applications
12.10.1 Traffic Management
12.10.2 Parking
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Traffic Enforcement Camera Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Traffic Enforcement Camera Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Traffic Enforcement Camera Market Size Forecast by Type
13.6.1 Speed Enforcement
13.6.2 Number Plate Recognition
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Traffic Enforcement Camera Market Size Forecast by Applications
13.10.1 Traffic Management
13.10.2 Parking
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Traffic Enforcement Camera Market: Competitive Dashboard
14.2 Global Traffic Enforcement Camera Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Verra Mobility(American Traffic Solutions Inc)
14.3.2 Redflex Holdings(REDFLEX Traffic Systems)
14.3.3 XEROX Services
14.3.4 TomTom NV
14.3.5 SWARCO Traffic Ltd
14.3.6 Jinan Zhiye Electronic Co., Ltd
14.3.7 GATSO Deutschland GmbH
14.3.8 Jenoptik Group
14.3.9 Vysionics Intelligent Traffic Solutions
14.3.10 Bosch Security Systems
14.3.11 Verra Mobility(American Traffic Solutions Inc)
14.3.12 Elsag
14.3.13 Genetec
14.3.14 GeoVision
14.3.15 Kapsch TrafficCom
14.3.16 Dacoll Group Ltd(NDI Recognition Systems)
14.3.17 Petards
14.3.18 Siemens
14.3.19 Shenzhen AnShiBao
14.3.20 Tattile
14.3.21 Vigilant Solutions
14.3.22 Vivotek
