In 2018, the Europe market for high speed camera had been valued at $ XX million and was expected to generate a revenue of $XX million by 2027, while growing at a CAGR of 6.86% between 2019 and 2027. The rising demand for smart infrastructures and other connected smart devices across the region fuels the growth of high speed camera market.
The high speed camera market in Europe is studied over countries, namely the United Kingdom, Italy, Germany, Russia, France, Spain, and Rest of Europe region that comprises remaining European countries. The government initiatives in France regarding speeding vehicles will surge the demand for high speed camera in the automotive & transportation sector. On the other hand, Russia’s development of the Intelligent Transportation System to ensure smooth traffic management will drive the demand for high speed cameras and sensors. These developments will further boost the growth of high speed camera market in the region.
Photometrics, Laetus GmbH, Lumenera Corporation, Weisscam GmbH, iX Cameras Inc., Optronis GmbH, Vision Research Inc., HS Vision GmbH, IDT Inc., Photron Ltd., Mikrotron GmbH, and PCO AG, among others, are few dominant players in the high speed camera market. Though the major players hold a strong position in the market, the new entrants face the challenge of high capital requirement along with immense knowledge and expertise.