Market Overview:
The global traffic signal controller market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart and efficient traffic management systems across the globe. Traffic signal controllers are used for managing traffic signals in urban as well as suburban areas. They help optimize traffic flow and reduce congestion on roads, thereby improving overall transportation efficiency. The global traffic signal controller market can be segmented on the basis of type into centralized adaptive, fixed time, and others. Centralized adaptive controllers are expected to witness high growth during the forecast period owing to their ability to adapt quickly to changing road conditions and manage large numbers of intersections simultaneously. On the basis of application, the market can be segmented into urban areas and suburbs. The demand for traffic signal controllers is highest in urban areas due to increasing population density and growing need for efficient transportation systems.
Product Definition:
A traffic signal controller is a device used to manage the flow of traffic at an intersection. It typically consists of a computer, sensors, and actuators that control the signal timing for one or more intersections. Traffic signal controllers are important because they help to optimize traffic flow and reduce congestion.
Centralized Adaptive:
Centralized adaptive traffic signal controller is a system that controls traffic signals in an entire area. It utilizes data collected by various sensors placed at strategic locations to determine the flow of vehicles and accordingly changes the green time for all the signals across an area. The basic working principle behind these controllers is to reduce congestion on roads by changing lights according to real-time conditions, thereby reducing travel time and increasing safety among road users.
Fixed Time:
Fixed time is a term used in traffic signal controller (TSC) systems to indicate that the timing of the signals is set either manually or automatically. The TSC system controls traffic signals by changing the green light duration according to different parameters such as average daily traffic volume and travel speed of vehicles.
Advantages: It provides an efficient use of existing resources; it reduces fuel consumption; it increases safety for pedestrians and cyclists.
Application Insights:
The market is segmented by application into urban, suburban and others. The others segment includes highways, arterial roads and rural roads. Traffic signal controllers are used on highways to avoid traffic congestion caused due to the long green phase of lights at junctions. Also, these systems help in reducing the travel time as well as fuel consumption of vehicles at junctions with flashing yellow warning lights for drivers to slow down or stop. These controllers also help in smoothening traffic flow by controlling the phases and types of signals along a stretch of road thus helping pedestrians cross safely too.
Regional Analysis:
North America dominated the global traffic signal controller market in 2017. This can be attributed to the presence of a large number of traffic signal controllers manufacturers and vendors, along with stringent regulations by governments for improving public safety. The U.S., being one of the most developed countries in terms of technology, is home to several players operating across various segments such as transportation & logistics (T&L), energy management, building automation and others.
Asia Pacific regional market captured significant share in 2017 owing to increasing road infrastructure spending coupled with growing urbanization across emerging economies including China and India over the forecast period.
Growth Factors:
- Increasing demand for traffic signal controllers in developing countries owing to the increasing population and rapid urbanization
- Rising adoption of intelligent transportation systems (ITS) across the globe
- Growing need for advanced and efficient traffic management solutions
- Proliferation of electric vehicles (EVs) that require dedicated signal control systems
- Increasing focus on road safety by various government agencies
Scope Of The Report
Report Attributes
Report Details
Report Title
Traffic Signal Controller Market Research Report
By Type
Centralized Adaptive, Fixed Time, Others
By Application
Urban, Suburbs
By Companies
Johnson Controls, QTC (Traffic Technologies Ltd), ATC, Sumitomo, Siemens, Genius Traffic System(GTS), Indra, PPK Technology, Trafficsens, Dynamic Traffic System
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Traffic Signal Controller Market Report Segments:
The global Traffic Signal Controller market is segmented on the basis of:
Types
Centralized Adaptive, Fixed Time, Others
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, Suburbs
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:
- Johnson Controls
- QTC (Traffic Technologies Ltd)
- ATC
- Sumitomo
- Siemens
- Genius Traffic System(GTS)
- Indra
- PPK Technology
- Trafficsens
- Dynamic Traffic System
Highlights of The Traffic Signal Controller 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:
- Centralized Adaptive
- Fixed Time
- Others
- By Application:
- Urban
- Suburbs
- 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 Controller 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?
A Traffic Signal Controller (TSC) is a device that controls traffic signals.
Some of the major companies in the traffic signal controller market are Johnson Controls, QTC (Traffic Technologies Ltd), ATC, Sumitomo, Siemens, Genius Traffic System(GTS), Indra, PPK Technology, Trafficsens, Dynamic Traffic System.
The traffic signal controller market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Traffic Signal Controller Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Traffic Signal Controller Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Traffic Signal Controller Market - Supply Chain
4.5. Global Traffic Signal Controller Market Forecast
4.5.1. Traffic Signal Controller Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Traffic Signal Controller Market Size (000 Units) and Y-o-Y Growth
4.5.3. Traffic Signal Controller Market Absolute $ Opportunity
5. Global Traffic Signal Controller Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Traffic Signal Controller Market Size and Volume Forecast by Type
5.3.1. Centralized Adaptive
5.3.2. Fixed Time
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Traffic Signal Controller Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Traffic Signal Controller Market Size and Volume Forecast by Application
6.3.1. Urban
6.3.2. Suburbs
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Traffic Signal Controller Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Traffic Signal Controller Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Traffic Signal Controller Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Traffic Signal Controller Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Traffic Signal Controller Demand Share Forecast, 2019-2026
9. North America Traffic Signal Controller Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Traffic Signal Controller Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Traffic Signal Controller Market Size and Volume Forecast by Application
9.4.1. Urban
9.4.2. Suburbs
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Traffic Signal Controller Market Size and Volume Forecast by Type
9.7.1. Centralized Adaptive
9.7.2. Fixed Time
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Traffic Signal Controller Demand Share Forecast, 2019-2026
10. Latin America Traffic Signal Controller Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Traffic Signal Controller Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Traffic Signal Controller Market Size and Volume Forecast by Application
10.4.1. Urban
10.4.2. Suburbs
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Traffic Signal Controller Market Size and Volume Forecast by Type
10.7.1. Centralized Adaptive
10.7.2. Fixed Time
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Traffic Signal Controller Demand Share Forecast, 2019-2026
11. Europe Traffic Signal Controller Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Traffic Signal Controller Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Traffic Signal Controller Market Size and Volume Forecast by Application
11.4.1. Urban
11.4.2. Suburbs
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Traffic Signal Controller Market Size and Volume Forecast by Type
11.7.1. Centralized Adaptive
11.7.2. Fixed Time
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Traffic Signal Controller Demand Share, 2019-2026
12. Asia Pacific Traffic Signal Controller Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Traffic Signal Controller Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Traffic Signal Controller Market Size and Volume Forecast by Application
12.4.1. Urban
12.4.2. Suburbs
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Traffic Signal Controller Market Size and Volume Forecast by Type
12.7.1. Centralized Adaptive
12.7.2. Fixed Time
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Traffic Signal Controller Demand Share, 2019-2026
13. Middle East & Africa Traffic Signal Controller Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Traffic Signal Controller Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Traffic Signal Controller Market Size and Volume Forecast by Application
13.4.1. Urban
13.4.2. Suburbs
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Traffic Signal Controller Market Size and Volume Forecast by Type
13.7.1. Centralized Adaptive
13.7.2. Fixed Time
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Traffic Signal Controller Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Traffic Signal Controller Market: Market Share Analysis
14.2. Traffic Signal Controller Distributors and Customers
14.3. Traffic Signal Controller Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Controls
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. QTC (Traffic Technologies Ltd)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ATC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sumitomo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Genius Traffic System(GTS)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Indra
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. PPK Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Trafficsens
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dynamic Traffic System
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
