Astute Analytica recently published a new research report on the global Smart Thermal Camera Market. The global market report includes extensive research on the global Smart Thermal Camera Market, allowing the buyer to consider potential requirements and projections. After a thorough examination of the prowess of the global market, the restraints and drivers are put together.

The Global Smart Thermal Camera Market size is expected to reach $18.1 billion by 2027, rising at a market growth of 8.2% CAGR during the forecast period.

The study incorporates both qualitative and quantitative data and draws on both primary and secondary statistical sources. Significant companies, important market categories, and a range of products are included in the global market report. In addition, the report covers the measurement years and the study points.

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Factors such as rising concerns among the government about public safety, the growing number of vehicles & accidents, and the lack of infrastructure are acting as catalysts for the growth of the smart traffic camera market. Additionally, the market growth is directly proportional to the increase in the number of smart cities development projects. Moreover, the growing penetration of analytics software across the world is helping the market to grow further. However, an increasing number of hackers & security threats, and high investment for the installment of equipment is expected to act as the barriers to the growth for the smart thermal camera market growth over the forecasting years.

The outbreak of the COVID-19 pandemic had a negative impact on various public and government sectors across the world. In contrast, the smart traffic camera market witnessed a gradual growth during the COVID-19 pandemic. The government across various nations installed smart cameras in various places in order to keep a record of the people violating guidelines and lockdown restrictions. Moreover, WHO announced the COVID-19 as a Public Health Emergency. All nations followed similar rules like maintaining social distance, restriction on traveling, imposition of lockdowns to curb the spread of the coronavirus.

Growing number of smart city development projects

Governments across the world are playing a crucial role in the development of smart cities by taking various initiatives, implementing regulations, and focusing on installing smart devices across their infrastructure. Several smart cities have also installed smart thermal camera within their infrastructure for tolls and ticketing, thereby propelling the growth of the smart traffic camera market. Additionally, the demand smart thermal camera has increased in smart cities to enhance security in order to prevent thefts at night and vehicle tracking services. This factor is expected to support the growth of the market.

Monitor traffic activities in real-time

smart thermal camera have gained traction in the past few years. The government, several enterprises, and residential societies are also using these smart cameras to monitor activities for security and safety purposes. The installation of security camera systems is very easy at places where the power source is available or nearby. These systems are available in all sizes and shapes, small enough that they can be hidden in photo frames, plants, and pictures.

Installation of smart thermal camera require heavy investment

smart thermal camera are integrated with artificial intelligence technology, various sensors, and advanced technologies. These sensors and technologies allow the camera to capture and record images and videos with more clarity. The sensors integrated into these cameras can even detect motion and automatically turn towards the source of the movement. As these cameras can perform multiple jobs, the cost associated with these cameras is very high.

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