Market Overview:
The global smart signaling market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for smart signaling solutions in urban traffic, public transport, freeway, and other applications. The hardware segment is expected to account for the largest share of the global smart signaling market in 2018. However, the software segment is projected to grow at a higher CAGR during the forecast period. North America accounted for the largest share of the global smart signaling market in 2017 and is expected to maintain its dominance duringthe forecast period.
Product Definition:
Smart signaling is a term used in telecommunications to describe a signaling method that uses both control and data channels to exchange information between two nodes. The control channel is used to carry setup and teardown messages, while the data channel is used for the actual transmission of user data. Smart signaling provides several benefits over traditional methods, including improved efficiency and reduced latency.
Hardware:
Hardware is the part of signal processing system, which includes dongles and smart cards. Dongles are portable devices that can be connected to a PC or another device for performing specific tasks. Dongles are widely used in the healthcare industry for patient identification purposes; whereas smart cards serve as an alternative to traditional paper-based employee badges and access cards.
Software:
Software is the set of instructions which can be installed on a computer or any other electronic device to make it perform a specific task. In case of smart signaling, software is used for generating and displaying signals based on information stored in an Electronic Control Unit (ECU) about temperature, pressure, speed etc.
Software helps in converting sensor data into meaningful values that can be used by the driver to take decisions while driving.
Application Insights:
The others segment includes outdoor advertising, corporate communications, and digital signage. The growth of the urban traffic application is attributed to the growing adoption of connected vehicles and smart city initiatives across the globe. Urban traffic signs include regulatory signs that indicate roadwork ahead or behind the vehicle or on each side of a highway. These are used to alert drivers about hazards such as road construction, accidents, slowdowns due to heavy traffic etc., thereby improving driving safety significantly.
The public transport application comprises bus stop/platform signages as well as train arrival/departure signages at railway stations and metro stations respectively. These are used by passengers for information regarding trains running on a particular route, their timings etc., which improves passenger convenience significantly while traveling in public transport systems globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in public transportation infrastructure and growing adoption of connected cars technology across the region. Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing demand for real-time information, presence of a large number of smartphone users, and rising adoption of digital services among others.
The European market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for smart signaling in transportation sector
- Rising demand for smart signaling in industrial sector
- Proliferation of IoT and big data analytics
- Growing awareness about the benefits of smart signaling among end users
- Technological advancements and innovations
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Signaling Market Research Report
By Type
Hardware, Software, Service
By Application
Urban Traffic, Public Transport, Freeway, Others
By Companies
Trafficware, Siemens AG, Rapid Flow Technologies, Wabtec Corporation, Jenoptik, Econolite, Onnyx Electronisys, Miovision, Global Traffic Technologies, Reno A＆E, General Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Smart Signaling Market Report Segments:
The global Smart Signaling market is segmented on the basis of:
Types
Hardware, Software, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Urban Traffic, Public Transport, Freeway, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Trafficware
- Siemens AG
- Rapid Flow Technologies
- Wabtec Corporation
- Jenoptik
- Econolite
- Onnyx Electronisys
- Miovision
- Global Traffic Technologies
- Reno A＆E
- General Electric
Highlights of The Smart Signaling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Service
- By Application:
- Urban Traffic
- Public Transport
- Freeway
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Signaling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart signaling is a technology that allows two devices to communicate with each other without having to use a wire. This is done by using radio waves.
Some of the major companies in the smart signaling market are Trafficware, Siemens AG, Rapid Flow Technologies, Wabtec Corporation, Jenoptik, Econolite, Onnyx Electronisys, Miovision, Global Traffic Technologies, Reno A＆E, General Electric.
The smart signaling market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Signaling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Signaling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Signaling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Signaling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Signaling Market Size & Forecast, 2018-2028
4.5.1 Smart Signaling Market Size and Y-o-Y Growth
4.5.2 Smart Signaling Market Absolute $ Opportunity
Chapter 5 Global Smart Signaling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Signaling Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Signaling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Signaling Market Size Forecast by Applications
6.2.1 Urban Traffic
6.2.2 Public Transport
6.2.3 Freeway
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Signaling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Signaling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Signaling Analysis and Forecast
9.1 Introduction
9.2 North America Smart Signaling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Signaling Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Signaling Market Size Forecast by Applications
9.10.1 Urban Traffic
9.10.2 Public Transport
9.10.3 Freeway
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Signaling Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Signaling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Signaling Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Signaling Market Size Forecast by Applications
10.10.1 Urban Traffic
10.10.2 Public Transport
10.10.3 Freeway
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Signaling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Signaling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Signaling Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Signaling Market Size Forecast by Applications
11.10.1 Urban Traffic
11.10.2 Public Transport
11.10.3 Freeway
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Signaling Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Signaling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Signaling Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Signaling Market Size Forecast by Applications
12.10.1 Urban Traffic
12.10.2 Public Transport
12.10.3 Freeway
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Signaling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Signaling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Signaling Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Signaling Market Size Forecast by Applications
13.10.1 Urban Traffic
13.10.2 Public Transport
13.10.3 Freeway
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Signaling Market: Competitive Dashboard
14.2 Global Smart Signaling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trafficware
14.3.2 Siemens AG
14.3.3 Rapid Flow Technologies
14.3.4 Wabtec Corporation
14.3.5 Jenoptik
14.3.6 Econolite
14.3.7 Onnyx Electronisys
14.3.8 Miovision
14.3.9 Global Traffic Technologies
14.3.10 Reno A＆E
14.3.11 General Electric
