August 3, 2021

Traffic Enforcement Camera Market Witness Double Digit Growth by 2028

2 min read

According to a new market report published by Acute Market Reports “Traffic Enforcement Camera Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2020 – 2028,” stringent road safety regulations and increasing efforts to reduce road fatalities across the world are increasing the adoption of traffic enforcement cameras.

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The growth of red light and speed enforcement camera systems is primarily driven by the increasing need to reduce speeding and fatalities in urban areas. In addition, road safety programs to improve motorist, 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. 

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 these cameras at a huge scale to improve 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. 

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.

Key questions answered in this report

  • What are the current market trends and dynamics in the traffic enforcement camera market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2029
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which is the largest regional market for traffic enforcement camera?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • The worldwide market value of the traffic enforcement camera market in 2019 and 2020
  • Which are the key trends driving the global traffic enforcement camera market growth?
  • Who are the leading service providers in the traffic enforcement camera market worldwide?

About Acute Market Reports

Acute Market Reports is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

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