Market Overview:
The global wireless traffic signal controllers market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart city solutions and the rising number of vehicles on the road. Based on type, the global wireless traffic signal controllers market is segmented into 12VDC and 24VDC. The 12VDC segment is expected to account for a larger share of the market than the 24VDC segment during the forecast period. This can be attributed to its low cost and easy installation. Based on application,the global wireless traffic signal controllers market is divided into airport traffic, highway traffic, and others (including parking lot management, toll plaza management, etc.). The airport traffic segment is expected to account for a larger share of this market than other segments duringthe forecast period. This can be attributedto th e growing need for efficient air travel infrastructure worldwide .
Product Definition:
A wireless traffic signal controller is a device used to manage the flow of vehicular traffic through a stoplight or other traffic control device. The controller can be activated remotely, allowing for more efficient and timely management of traffic.
12VDC:
12VDC is a positive rail DC power supply. It means that the output voltage is between 12V and 24V. The term “DC” in 12VDC means that it has no relation with batteries; it’s just an abbreviation for “direct current”.
The usage of this power supply type varies depending on the application area, but most commonly used are wireless traffic signal controllers, electric vehicle chargers,.
24VDC:
24VDC is a low power DC voltage used in wireless traffic signal controllers. It is also known as Wireless Access Control Unit (WACU) or Traffic Signal Control Unit (TTCU). 24VDC helps to control the green light for traffic signals and also controls the red and yellow lights for pedestrians.
Application Insights:
The highway traffic segment dominated the global wireless traffic signal controllers market in terms of revenue share in 2017. The growth can be attributed to the increasing number of vehicles on roads and need for controlling traffic flow on highways. Moreover, governments are focusing on providing better connectivity between control rooms and signals, which will help improve overall system performance.
Airport traffic is expected to grow at a significant rate over the forecast period owing to growing passenger travel demand and investments being made by various airports authorities worldwide. For instance, In October 2016, Dubai Airport Services (DAS) announced plans for developing a new airport with an integrated transport hub that will include commercial offices, hotels and residential areas as well as shopping malls connected with Wi-Fi access points installed throughout the area. Such initiatives by airport authorities worldwide are likely to fuel industry expansion over next few years.
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 infrastructure development, growing adoption of wireless technologies, and technological advancements by vendors operating in the regional market.
The Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing demand for improved public safety and better traffic management systems coupled with government initiatives favoring digitalization across various countries such as China and India. Furthermore, rising disposable income levels are also likely to contribute toward increased demand for these systems over the next eight years.
Growth Factors:
- Increasing demand for wireless traffic signal controllers due to the rise in vehicular traffic
- Growing awareness about the benefits of using wireless traffic signal controllers among municipalities and other government bodies
- Rising number of road accidents globally, which is expected to increase the demand for wireless traffic signal controllers over the forecast period
- Technological advancements in wireless communication technologies that would help reduce installation and maintenance costs of wireless traffic signal controllers
- Stringent government regulations mandating the use of advanced technologies such as wireless communication in transportation systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Traffic Signal Controllers Market Research Report
By Type
12VDC, 24VDC
By Application
Airport Traffic, Highway Traffic, Others
By Companies
Sinowatcher Technology, Efftronics Systems Pvt, Onnyx Electronisys Pvt, IS-Tech, Shenzhen GuangAn Intelligent Traffic Technology Co., Ltd, Bright Traffic Technology Co., LTD, C-DAC, Nobleled, Envoys Electronics, FORBIX SEMICON
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Traffic Signal Controllers Market Report Segments:
The global Wireless Traffic Signal Controllers market is segmented on the basis of:
Types
12VDC, 24VDC
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
Airport Traffic, Highway Traffic, 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:
- Sinowatcher Technology
- Efftronics Systems Pvt
- Onnyx Electronisys Pvt
- IS-Tech
- Shenzhen GuangAn Intelligent Traffic Technology Co., Ltd
- Bright Traffic Technology Co., LTD
- C-DAC
- Nobleled
- Envoys Electronics
- FORBIX SEMICON
Highlights of The Wireless Traffic Signal Controllers 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:
- 12VDC
- 24VDC
- By Application:
- Airport Traffic
- Highway Traffic
- 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 Wireless Traffic Signal Controllers 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.
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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?
Wireless traffic signal controllers are devices that help to control traffic signals by wirelessly sending and receiving signals. This can be helpful in areas where there is limited or no access to wiring, or in cases where the existing wiring is not up to the task of handling large amounts of traffic.
Some of the major companies in the wireless traffic signal controllers market are Sinowatcher Technology, Efftronics Systems Pvt, Onnyx Electronisys Pvt, IS-Tech, Shenzhen GuangAn Intelligent Traffic Technology Co., Ltd, Bright Traffic Technology Co., LTD, C-DAC, Nobleled, Envoys Electronics, FORBIX SEMICON.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wireless Traffic Signal Controllers 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 Wireless Traffic Signal Controllers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Wireless Traffic Signal Controllers 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 Wireless Traffic Signal Controllers 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 Wireless Traffic Signal Controllers Market Size & Forecast, 2020-2028 4.5.1 Wireless Traffic Signal Controllers Market Size and Y-o-Y Growth 4.5.2 Wireless Traffic Signal Controllers Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 12VDC
5.2.2 24VDC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Airport Traffic
6.2.2 Highway Traffic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wireless Traffic Signal Controllers 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 Wireless Traffic Signal Controllers 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 12VDC
9.6.2 24VDC
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 Market Size Forecast by Applications
9.10.1 Airport Traffic
9.10.2 Highway Traffic
9.10.3 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 12VDC
10.6.2 24VDC
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 Market Size Forecast by Applications
10.10.1 Airport Traffic
10.10.2 Highway Traffic
10.10.3 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 12VDC
11.6.2 24VDC
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 Market Size Forecast by Applications
11.10.1 Airport Traffic
11.10.2 Highway Traffic
11.10.3 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 12VDC
12.6.2 24VDC
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 Market Size Forecast by Applications
12.10.1 Airport Traffic
12.10.2 Highway Traffic
12.10.3 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 12VDC
13.6.2 24VDC
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) Market Size Forecast by Applications
13.10.1 Airport Traffic
13.10.2 Highway Traffic
13.10.3 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 Wireless Traffic Signal Controllers Market: Competitive Dashboard
14.2 Global Wireless Traffic Signal Controllers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sinowatcher Technology
14.3.2 Efftronics Systems Pvt
14.3.3 Onnyx Electronisys Pvt
14.3.4 IS-Tech
14.3.5 Shenzhen GuangAn Intelligent Traffic Technology Co., Ltd
14.3.6 Bright Traffic Technology Co., LTD
14.3.7 C-DAC
14.3.8 Nobleled
14.3.9 Envoys Electronics
14.3.10 FORBIX SEMICON