PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606395
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606395
Video-based Automatic Incident Detection Market, By Application and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
The market for Video-based Automatic Incident Detection was projected to reach USD 2,390.32 million in 2023 and expand at a CAGR of 16.30% between 2024 - 2032.
The employment of video-based automatic incident detection systems is required because traffic violations, accidents, and incidents brought on by unforeseen dangers endanger human life as well as that of wildlife. With unmatched accuracy and dependability, these sophisticated systems can record, process, and distribute incident data in real-time. Automatic incident detection (AID) systems that are based on video enable traffic authorities and safety enforcement agencies to make decisions quickly and take immediate action to reduce the likelihood of unfavorable incidents. The need for sophisticated traffic management systems is being driven by the increase in cases of breaking traffic laws, such as speeding excessively, failing to observe safety precautions, driving the wrong way, and parking in prohibited zones. This will boost the video-based automatic incident detection systems market expansion.
Video-based Automatic Incident Detection Market- Market Dynamics
Growing Number of Cases of Traffic Laws
One major factor propelling the market for video-based automatic incident detection systems is the rise in instances of traffic laws. The number of incidents involving speeding, illegal lane changes, red-light infractions, and inattentive driving has increased as urbanization and crowded road networks rise. These infractions not only increase the risk of accidents but also significantly worsen traffic jams, lower driving standards, and more operating expenses for transportation agencies. As a result, there is a growing demand for sophisticated traffic management systems that can instantly identify and handle such situations automatically. Video-based automated incident detection systems use artificial intelligence and computer vision technology to continuously monitor traffic, quickly identify infractions, and notify authorities so they can take appropriate action.
Video-based Automatic Incident Detection Market- Key Insights
According to our research analyst's analysis, the global market is projected to expand at a CAGR of approximately 16.30% during the forecast period of 2024-2032.
The highway category was predicted to hold the largest market share in 2023 based on application.
North America held the largest revenue share by region in 2023.
Video-based Automatic Incident Detection Market- Segmentation Analysis:
The Global Video-based Automatic Incident Detection Market is segmented into Application and Region.
Based on application, the market is segmented into Road, Highways, Bridges, Airport, Parking Lot, Tollways, Tunnels, Marine Ports, and Others. With a 25% revenue share, the highway sector led the market in 2023. The implementation of video-based automatic incident detection systems across roadways is being driven by the nation's rapidly expanding highway infrastructure, increased regulatory pressure, and government programs aimed at improving traffic management and reducing road fatalities. As part of their initiatives for road safety and infrastructure development, all regions are investing in ITS systems and enforcing stronger safety requirements. On the other hand, it is projected that the road segment will grow at a noteworthy rate in the forecast period. The increasing number of vehicles on the road has resulted in a rise in traffic congestion and road accident incidents, calling for the implementation of more advanced traffic management and safety protocols.
Video-based Automatic Incident Detection Market- Geographical Insights
The Video-based Automatic Incident Detection market is widely distributed geographically in North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. These areas are further separated based on the countries that provide business.
The market for video-based automatic incident detection systems is expanding in the North American region due to a number of factors, such as the growing use of intelligent transportation systems (ITS), growing investments in smart infrastructure, and the desire to increase road safety. In order to effectively monitor and regulate traffic, governments and transportation authorities are concentrating on modernizing urban crossroads, tunnels, and highways with sophisticated surveillance systems. The implementation of AID technology has also been accelerated by the increased awareness of traffic safety regulations and the necessity of real-time traffic control solutions.
The market for video-based automatic incident detection systems is expanding significantly in the European Union (EU) due to rising investments in smart transportation infrastructure and the demand for improved road safety. Intelligent traffic management systems are becoming a top priority for governments and local authorities in an effort to lessen traffic, track accidents, and expedite emergency response times. The region's strict safety laws and environmental initiatives to lower emissions and traffic-related events further encourage the adoption of these devices.
Video-based Automatic Incident Detection Market- Competitive Landscape:
The video-based automatic incident detection systems market is dominated by a number of significant businesses, including Axis Communications AB, EFKON GmbH, Robert Bosch GmbH, Dahua Technology Co., Ltd, Hangzhou Hikvision Digital Technology Co., Ltd., IntelliVision, and others. Their endeavors to enhance their market standing via innovation, strategic partnerships, and mergers and acquisitions characterize their competitive environment. In order to satisfy the varied needs of other firms, they are also expanding the range of products they offer.
Recent Developments:
February 2024: The unveiling of the AXIS Q1808-LE, a potent bullet camera with improved 4K image quality and extremely high light sensitivity, was announced by Axis Communications AB. An edge data collection and analysis system for the advanced camera is made possible by a deep learning processor unit. The detection and classification of moving objects can be made easier with the integration of AXIS Q1808-LE with AXIS Object Analytics.
January 2024: A strategic alliance between VIVOTEK Inc. and Vaxtor Technologies, a supplier of software for vehicle identification and license plate recognition, was announced. The collaboration combined the specialized knowledge of Vaxtor Technologies in license plate recognition software with the technological know-how of VIVOTEK Inc. in surveillance, with a focus on their work together on the newest line of LPR cameras.
SCOPE OF THE REPORT
The scope of this report covers the Video-based Automatic Incident Detection market by its major segments, which include as follows:
GLOBAL VIDEO-BASED AUTOMATIC INCIDENT DETECTION MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
- Axis Communications AB
- EFKON GmbH
- Robert Bosch GmbH
- Dahua Technology Co., Ltd
- Hangzhou Hikvision Digital Technology Co., Ltd.
- IntelliVision
- Miovision Technologies Incorporated
- Videonetics
- Iteris, Inc.
- VIVOTEK Inc.
- Sensys Networks, Inc. (Citilog)
- Teledyne FLIR LLC
- Omnibond Systems, LLC.
- Q-Free ASA
- TRAFICON
- Vaaaninfra.com
- Others
GLOBAL VIDEO-BASED AUTOMATIC INCIDENT DETECTION MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
- Road
- Highways
- Bridges
- Airport
- Parking Lot
- Tollways
- Tunnels
- Marine Ports
- Others
GLOBAL VIDEO-BASED AUTOMATIC INCIDENT DETECTION MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
Table of Contents
1. Video-based Automatic Incident Detection Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Video-based Automatic Incident Detection Market Snippet by Application
- 2.1.2. Video-based Automatic Incident Detection Market Snippet by Country
- 2.1.3. Video-based Automatic Incident Detection Market Snippet by Region
- 2.2. Competitive Insights
3. Video-based Automatic Incident Detection Key Market Trends
- 3.1. Video-based Automatic Incident Detection Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Video-based Automatic Incident Detection Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Video-based Automatic Incident Detection Market Opportunities
- 3.4. Video-based Automatic Incident Detection Market Future Trends
4. Video-based Automatic Incident Detection Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Video-based Automatic Incident Detection Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Video-based Automatic Incident Detection Market Landscape
- 6.1. Video-based Automatic Incident Detection Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Video-based Automatic Incident Detection Market - By Application
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
- 7.1.2. Road
- 7.1.3. Highways
- 7.1.4. Bridges
- 7.1.5. Airport
- 7.1.6. Parking Lot
- 7.1.7. Tollways
- 7.1.8. Tunnels
- 7.1.9. Marine Ports
- 7.1.10. Others
8. Video-based Automatic Incident Detection Market- By Geography
- 8.1. Introduction
- 8.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 8.2. North America
- 8.2.1. Overview
- 8.2.2. Video-based Automatic Incident Detection Key Manufacturers in North America
- 8.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 8.2.4. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.2.5. U.S.
- 8.2.5.1. Overview
- 8.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.2.5.3. U.S. Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.2.6. Canada
- 8.2.6.1. Overview
- 8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.2.6.3. Canada Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.3. Europe
- 8.3.1. Overview
- 8.3.2. Video-based Automatic Incident Detection Key Manufacturers in Europe
- 8.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 8.3.4. Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.3.5. Germany
- 8.3.5.1. Overview
- 8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.5.3. Germany Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.3.6. Italy
- 8.3.6.1. Overview
- 8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.6.3. Italy Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.3.7. United Kingdom
- 8.3.7.1. Overview
- 8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.7.3. United Kingdom Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.3.8. France
- 8.3.8.1. Overview
- 8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.8.3. France Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.3.9. Russia
- 8.3.9.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.9.2. Russia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.3.10. Netherlands
- 8.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.10.2. Netherlands Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.3.11. Sweden
- 8.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.11.2. Sweden Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.3.12. Poland
- 8.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.12.2. Poland Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.3.13. Rest of Europe
- 8.3.13.1. Overview
- 8.3.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.13.3. Rest of the Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.4. Asia Pacific (APAC)
- 8.4.1. Overview
- 8.4.2. Video-based Automatic Incident Detection Key Manufacturers in Asia Pacific
- 8.4.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 8.4.4. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.4.5. India
- 8.4.5.1. Overview
- 8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.5.3. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.4.6. China
- 8.4.6.1. Overview
- 8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.6.3. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.4.7. Japan
- 8.4.7.1. Overview
- 8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.7.3. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.4.8. South Korea
- 8.4.8.1. Overview
- 8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.8.3. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.4.9. Australia
- 8.4.9.1. Overview
- 8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.9.3. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.4.10. Thailand
- 8.4.10.1. Overview
- 8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.10.3. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.4.11. Indonesia
- 8.4.11.1. Overview
- 8.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.11.3. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.4.12. Philippines
- 8.4.12.1. Overview
- 8.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.12.3. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.4.13. Rest of APAC
- 8.4.13.1. Overview
- 8.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.13.3. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.5. Latin America
- 8.5.1. Overview
- 8.5.2. Video-based Automatic Incident Detection Key Manufacturers in Latin America
- 8.5.3. Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 8.5.4. Latin America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.5.5. Brazil
- 8.5.5.1. Overview
- 8.5.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.5.5.3. Brazil Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.5.6. Mexico
- 8.5.6.1. Overview
- 8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.5.6.3. Mexico Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.5.7. Argentina
- 8.5.7.1. Overview
- 8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.5.7.3. Argentina Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.5.8. Colombia
- 8.5.8.1. Overview
- 8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.5.8.3. Colombia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.5.9. Rest of LATAM
- 8.5.9.1. Overview
- 8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.5.9.3. Rest of LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.6. Middle East and Africa
- 8.6.1. Overview
- 8.6.2. Video-based Automatic Incident Detection Key Manufacturers in Middle East and Africa
- 8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 8.6.4. Middle East and Africa Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.6.5. Saudi Arabia
- 8.6.5.1. Overview
- 8.6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.5.3. Saudi Arabia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.6.6. United Arab Emirates
- 8.6.6.1. Overview
- 8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.6.3. United Arab Emirates Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.6.7. Israel
- 8.6.7.1. Overview
- 8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.7.3. Israel Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.6.8. Turkey
- 8.6.8.1. Overview
- 8.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.8.3. Turkey Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.6.9. Algeria
- 8.6.9.1. Overview
- 8.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.9.3. Algeria Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.6.10. Egypt
- 8.6.10.1. Overview
- 8.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.10.3. Egypt Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 8.6.11. Rest of MEA
- 8.6.11.1. Overview
- 8.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.11.3. Rest of MEA Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9. Key Vendor Analysis- Video-based Automatic Incident Detection Industry
- 9.1. Competitive Dashboard
- 9.2. Company Profiles
- 9.2.1. Honeywell International Inc.
- 9.2.2. Microsensor Co. Ltd.
- 9.2.3. ABB
- 9.2.4. Emerson Electric Co.
- 9.2.5. Infineon Technologies AG
- 9.2.6. OMRON Corporation
- 9.2.7. STMicroelectronics
- 9.2.8. ACS-CONTROL-SYSTEM GmbH
- 9.2.9. BD|SENSORS GmbH
- 9.2.10. Axis Communications AB
- 9.2.11. EFKON GmbH
- 9.2.12. Robert Bosch GmbH
- 9.2.13. Dahua Technology Co., Ltd
- 9.2.14. Hangzhou Hikvision Digital Technology Co., Ltd.
- 9.2.15. IntelliVision
- 9.2.16. Miovision Technologies Incorporated
- 9.2.17. Videonetics
- 9.2.18. Iteris, Inc.
- 9.2.19. VIVOTEK Inc.
- 9.2.20. Sensys Networks, Inc. (Citilog)
- 9.2.21. Teledyne FLIR LLC
- 9.2.22. Omnibond Systems, LLC.
- 9.2.23. Q-Free ASA
- 9.2.24. TRAFICON
- 9.2.25. Vaaaninfra.com
- 9.2.26. Others
10. 360 Degree Analyst View
11. Appendix
- 11.1. Research Methodology
- 11.2. References
- 11.3. Abbreviations
- 11.4. Disclaimer
- 11.5. Contact Us
