According to a new market report published by Credence Research Inc. “Traffic Enforcement Camera Market — Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015–2022,” stringent road safety regulations and increasing efforts to reduce road fatalities across the world are increasing the adoption of traffic enforcement cameras.
The growth of red light and speed enforcement cameras systems is primarily driven by the increasing need to reduce speeding and fatalities in urban areas. In addition, road safety programs to improve motorists, as well as pedestrian safety, is also expected to influence the market growth in the future. Deployment of red light and speed camera improves traffic flow and driving habits.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/traffic-enforcement-camera-market
Countries across the world are continuously focusing on increasing road safety and security. The developed regions such as the U.K, U.S, and Japan several others are using this camera at a huge scale to improve the traffic regulation. The governments of developing countries such as China, Canada, India, South Africa, and Mexico among others are encouraging the use of traffic enforcement cameras to reduce traffic guideline violations. In the future, the enforcement cameras market is expected to grow at a faster pace in the developing region as the intelligent transport system is encouraged by the government to increase safety awareness among people.
India is focusing to reduce the number of accidents by installing red-light cameras at a major intersection in major cities. In 2011, Chennai has started installation of red light cameras at 240 intersections. Bangalore has also installed 5 red-light cameras to determine the impact of these cameras on road safety. In addition, several speed enforcement cameras are installed at expressways to reduce speeding. At the end of 2012, India has about 1,029 units of red light and speed enforcement cameras. India has a huge potential base for these cameras. Russia is one of the emerging countries in the world and the traffic level in the country has grown rapidly in the last two decades. Several transportation authorities in Russia are deploying speed enforcement cameras to reduce the number of traffic causalities.
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The global traffic enforcement cameras industry comprises large numbers of domestic and international players through its value chain. American Traffic Solutions, Inc. (ATS), REDFLEX Traffic Systems, XEROX Services, and TomTom NV are some of the established players in the global traffic enforcement camera market.
Some other major players in the global market include SWARCO Traffic Ltd, Jinan Zhiye Electronic Co., Ltd. GATSO Deutschland GmbH among others.
Market Segmentation
By Product Type
- Speed Enforcement
- Red Light Camera
- Bus Lane Enforcement Camera
- Number Plate Recognition
- Others (Stop Sign Enforcement, Parking, Congestion Charges, etc)
By Geography Segment Type
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)
Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/57956
Medium Blog: Traffic Enforcement Camera Market
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