- Expansion of smart city infrastructure is fuelling demand for intelligent traffic systems. Cubic Corporation deployed advanced traffic management in major U.S. cities like San Diego.
- AI-powered surveillance and real-time monitoring are enhancing safety capabilities. Axis Communications and Verra Mobility have introduced smart camera systems with license plate recognition since 2022.
- China holds a significant market share due to Technological Advancements.
- China is expected to register the fastest growth, fuelled by Increasing Investments in Infrastructure.
- The Solutions segment is projected to account for a significant market share of approximately 66.2% in 2025, driven by growth in Smart City Development.
