Market Overview:
The global traffic signal control system market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing demand for smart city initiatives and the rising need for efficient traffic management systems across the globe. Based on type, the global traffic signal control system market is segmented into camera, signal, and other types. The camera type segment is expected to hold the largest share of the global traffic signal control system market in 2018 owing to its growing demand for advanced video surveillance solutions in smart cities. Based on application, the global traffic signal control system market is segmented into urban traffic, inter-urban, public transport, freeway, and others applications. The urban traffic application segment is expected to hold a major share of the global Traffic Signal Control System Market in 2018 due to increasing investments by governments worldwide for upgrading existing transportation infrastructure with intelligent transportation systems (ITS). Geographically, North America dominates the overall Global Traffic Signal Control System Market followed by Europe.
Product Definition:
Traffic signal control system is a device or a set of devices used to manage traffic signals and traffic flow. Traffic signal control systems are important because they help optimize traffic flow and minimize congestion.
Camera:
Camera is an optical device that aids in the conversion of images into electronic signals. It's major applications are in traffic signal control systems, surveillance systems, and security monitoring. Traffic Signal Control System (TSCS) uses these devices to monitor traffic conditions at road intersections and to regulate the green light duration for each approach.
Signal:
Signal is a communication tool that conveys information from one or more source to multiple destination using lights, semaphore arms, and other devices. It is widely used in traffic signal control system for controlling vehicular movement at crossroad or intersection. Signal controls the traffic by changing the green color of light to indicate go ahead and red during adverse weather conditions.
Application Insights:
The inter-urban traffic segment dominated the global market in terms of revenue share in 2017. This is attributed to the growing urbanization and industrialization leading to an increase in travel demand across rural areas. Furthermore, governments are focusing on improving road infrastructure and connectivity between cities thereby driving the growth of this segment.
The public transport traffic signal control system market is expected to witness significant growth over the forecast period owing to increasing investments by public transport agencies for developing efficient transportation systems that meet travelers¢â‚¬â„¢ needs. Moreover, a rise in passenger travel demand due to population expansion, economic development as well as improved living standards will boost industry growth over the forecast period. However, with growing penetration of connected vehicles and smart transportation systems such as bus rapid transit systems (BRTS), light rail transit (LRT), metro etc., there has been a reduction in overall vehicle ownership resulting in reduced passenger trips which may hinder industry growth over the next eight years or so.
Regional Analysis:
North America dominated the global traffic signal control system market in 2017. This can be attributed to the presence of a large number of TSCS manufacturers and solution providers, growing adoption of traffic management systems by municipal governments, and increasing emphasis on reducing road accidents. Europe is expected to witness considerable growth over the forecast period owing to rising government initiatives for improving public transportation facilities in order to reduce carbon footprint and dependence on private vehicles. Asia Pacific is projected to exhibit significant CAGR over the forecast period owing to rapid urbanization coupled with increasing population in China & India resulting into increased demand for transport services which will drive industry growth. Moreover, growing investments by regional governments are anticipated boost industry development during the forecast period.
Growth Factors:
- Increasing demand for traffic signal control systems from the transportation sector to manage and optimize traffic flow
- Rising concerns over safety and security of people and vehicles while travelling on roads, which is driving the demand for advanced traffic signal control systems
- Proliferation of smart cities across the globe is expected to create opportunities for growth of the traffic signal control system market
- Growing investments by governments in transportation infrastructure is also anticipated to boost growth of this market in coming years
- Increasing adoption of intelligent transport systems (ITS) by municipalities and other government organizations worldwide will provide lucrative opportunities for players operating in this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Traffic Signal Control System Market Research Report
By Type
Camera, Signal, Other
By Application
Urban Traffic, Inter-urban, Public Transport, Freeway, Others
By Companies
Siemens, Atkins, Swarco Traffic, Lacroix Group, Traffic Signs NZ, Rennicks, Traffic Tech, William Smith, RAI Products, Segnaletica, Elderlee, Traffic Signs & Safety, Lyle Signs, Feiyao Jiao Tong, Haowei Traffic, Schwab Label Factory, Shanghai Luhao, Changeda Traffic
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Traffic Signal Control System Market Report Segments:
The global Traffic Signal Control System market is segmented on the basis of:
Types
Camera, Signal, Other
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, Inter-urban, 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:
- Siemens
- Atkins
- Swarco Traffic
- Lacroix Group
- Traffic Signs NZ
- Rennicks
- Traffic Tech
- William Smith
- RAI Products
- Segnaletica
- Elderlee
- Traffic Signs & Safety
- Lyle Signs
- Feiyao Jiao Tong
- Haowei Traffic
- Schwab Label Factory
- Shanghai Luhao
- Changeda Traffic
Highlights of The Traffic Signal Control System 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:
- Camera
- Signal
- Other
- By Application:
- Urban Traffic
- Inter-urban
- 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 Traffic Signal Control System 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
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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?
Traffic Signal Control System (TSCS) is a network of traffic control devices that manage vehicular and pedestrian movements at intersections. TSCS systems are typically found in larger metropolitan areas, where they are used to regulate the flow of traffic through an area by controlling the timing and sequence of signals.
Some of the major players in the traffic signal control system market are Siemens, Atkins, Swarco Traffic, Lacroix Group, Traffic Signs NZ, Rennicks, Traffic Tech, William Smith, RAI Products, Segnaletica, Elderlee, Traffic Signs & Safety, Lyle Signs, Feiyao Jiao Tong, Haowei Traffic, Schwab Label Factory, Shanghai Luhao, Changeda Traffic.
The traffic signal control system market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Traffic Signal Control System 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 Traffic Signal Control System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Traffic Signal Control System 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 Traffic Signal Control System 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 Traffic Signal Control System Market Size & Forecast, 2018-2028
4.5.1 Traffic Signal Control System Market Size and Y-o-Y Growth
4.5.2 Traffic Signal Control System Market Absolute $ Opportunity
Chapter 5 Global Traffic Signal Control System 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 Traffic Signal Control System Market Size Forecast by Type
5.2.1 Camera
5.2.2 Signal
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Traffic Signal Control System 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 Traffic Signal Control System Market Size Forecast by Applications
6.2.1 Urban Traffic
6.2.2 Inter-urban
6.2.3 Public Transport
6.2.4 Freeway
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Traffic Signal Control System 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 Traffic Signal Control System 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 Traffic Signal Control System Analysis and Forecast
9.1 Introduction
9.2 North America Traffic Signal Control System 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 Traffic Signal Control System Market Size Forecast by Type
9.6.1 Camera
9.6.2 Signal
9.6.3 Other
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 Traffic Signal Control System Market Size Forecast by Applications
9.10.1 Urban Traffic
9.10.2 Inter-urban
9.10.3 Public Transport
9.10.4 Freeway
9.10.5 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 Traffic Signal Control System Analysis and Forecast
10.1 Introduction
10.2 Europe Traffic Signal Control System 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 Traffic Signal Control System Market Size Forecast by Type
10.6.1 Camera
10.6.2 Signal
10.6.3 Other
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 Traffic Signal Control System Market Size Forecast by Applications
10.10.1 Urban Traffic
10.10.2 Inter-urban
10.10.3 Public Transport
10.10.4 Freeway
10.10.5 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 Traffic Signal Control System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Traffic Signal Control System 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 Traffic Signal Control System Market Size Forecast by Type
11.6.1 Camera
11.6.2 Signal
11.6.3 Other
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 Traffic Signal Control System Market Size Forecast by Applications
11.10.1 Urban Traffic
11.10.2 Inter-urban
11.10.3 Public Transport
11.10.4 Freeway
11.10.5 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 Traffic Signal Control System Analysis and Forecast
12.1 Introduction
12.2 Latin America Traffic Signal Control System 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 Traffic Signal Control System Market Size Forecast by Type
12.6.1 Camera
12.6.2 Signal
12.6.3 Other
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 Traffic Signal Control System Market Size Forecast by Applications
12.10.1 Urban Traffic
12.10.2 Inter-urban
12.10.3 Public Transport
12.10.4 Freeway
12.10.5 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) Traffic Signal Control System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Traffic Signal Control System 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) Traffic Signal Control System Market Size Forecast by Type
13.6.1 Camera
13.6.2 Signal
13.6.3 Other
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) Traffic Signal Control System Market Size Forecast by Applications
13.10.1 Urban Traffic
13.10.2 Inter-urban
13.10.3 Public Transport
13.10.4 Freeway
13.10.5 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 Traffic Signal Control System Market: Competitive Dashboard
14.2 Global Traffic Signal Control System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Atkins
14.3.3 Swarco Traffic
14.3.4 Lacroix Group
14.3.5 Traffic Signs NZ
14.3.6 Rennicks
14.3.7 Traffic Tech
14.3.8 William Smith
14.3.9 RAI Products
14.3.10 Segnaletica
14.3.11 Elderlee
14.3.12 Traffic Signs & Safety
14.3.13 Lyle Signs
14.3.14 Feiyao Jiao Tong
14.3.15 Haowei Traffic
14.3.16 Schwab Label Factory
14.3.17 Shanghai Luhao
14.3.18 Changeda Traffic
