Every year, 1.35 million people lose their lives in road accidents, and around 50 million more suffer non-fatal but, often, debilitating injuries, says the World Health Organization (WHO). This problem is especially grave in developing countries, where, though the number of automobiles is continuously increasing, there is often no proper system to check accidents and road deaths. Deploying traffic police and emergency response personnel on every road, on every crossing is almost impossible, but road traffic still needs to be monitored and accidents reduced.
P&S Intelligence says that due to the increasing focus on achieving the same, the intelligent traffic camera market is likely to grow to $24,465.6 million by 2030, from $10,087.8 million in 2019, at an 8.5% CAGR during 2020–2030. Several agencies, including the WHO, have stressed the importance of such systems for monitoring the flow of traffic, especially on high-density routes and crossings. Such cameras record videos and take photos of everyday traffic movement and transfer the data to the concerned authorities via the cloud, for analysis and action planning.
The main purposes for which intelligent traffic cameras are deployed are toll management, surveillance, traffic management, automatic incident detection, and speed limit enforcement. Of these, most of such devices are currently utilized for surveillance, which involves the tracking of traffic and pedestrian volume. In the coming years though, an increasing number of cameras would be used for traffic management, which involves remotely controlling the traffic lights for smooth traffic.
With the increasing focus on smart cities, the usage of intelligent traffic systems (ITSs), where these cameras play an important role, is set to rise. Even today, peak hours in cities lead to high traffic congestion on busy stretches, with people having to spend hours in traffic jams. Seeing this, countries are testing traffic monitoring and video surveillance as a service (VSaaS) solutions to decongest roads. For instance, in February 2019, India launched its first ITS pilot project, by installing smart traffic signals integrated with cameras at four road crossings.
In future, intelligent traffic cameras won’t just be used to manage the traffic from the outside, but also from within. The adoption of connected vehicles is already increasing sharply, and in the next 5–10 years, autonomous vehicles are expected to become the face of transportation. Such automobiles not only utilize their own sensors to gather information on the conditions around them, but also that provided by traffic lights and traffic cameras, via the vehicle-to-everything (V2X) connectivity technology. So, for the success of such vehicles, having an efficient traffic camera system is a must.
Europe has been the most productive region in the intelligent traffic camera market, as countries in the region have taken numerous measures to ensure smooth traffic and low road death count. Cameras in Europe are widely used to study historical estimates, data, statistics, and observations, including pedestrian crossing and car park usage, number of vehicles on low- and high-density routes, and location, frequency, and cause of road repair and maintenance activities.
Therefore, as more automobiles appear on the roads and the death count due to accidents rises, countries would quickly install intelligent traffic cameras.