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 purpose of the report is to illustrate the state of the market of Traffic Enforcement Camera, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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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 motorist as well as pedestrian safety are also expected to influence the market growth in future. Deployment of red light and speed camera improves traffic flow and driving habits.
Countries across the world are continuously focusing on increasing the road safety and security. The developed regions such as U.K, U.S and Japan several others are using this cameras at a huge scale to improve the traffic regulation. The governments of developing countries such as the China, Canada, India, South Africa and Mexico among others are encouraging the use of traffic enforcement cameras to reduce the traffic guideline violations. In future, 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 the safety awareness among people.
India is focusing to reduce number of accidents by installing red light cameras at 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 huge potential base for these cameras. Russia is one of the emerging countries in the world and 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 number of traffic causalities.
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.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Traffic Enforcement Camera buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Traffic Enforcement Camera contains:
Analysis and forecast of Traffic Enforcement Camera market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Traffic Enforcement Camera market;
Assessment and forecast of Traffic Enforcement Camera market development;
Financial and business profiles of the leading companies in the Traffic Enforcement Camera industry.
– Up to date working Traffic Enforcement Camera data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Traffic Enforcement Camera for the period 2018 to 2026
– Planned Traffic Enforcement Camera additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Traffic Enforcement Camera projects by region, key countries, and companies
– Details of major planned Traffic Enforcement Camera projects in the world up to 2026
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