Adaptive Traffic Control System Market Scope
The increasing government initiatives for successful traffic management as well as significant investments under smart traffic management initiatives will help to boost the global demand for the Adaptive Traffic Control System market. By constantly altering the green split timings, the Adaptive Traffic Control System responds to real-time traffic patterns to maximise traffic flow. For traffic surveillance, ATCS employs cameras and sensors. These sensors collect data, which is then analyzed in order to enhance signal timing at a specific intersection. Clogged roads, gigantic vehicle trails, and crowded roadways continue to constitute a serious concern for the stakeholders involved in the urban planning arena, thanks to the exponential development in the global population combined with the growing number of automobiles globally.
The Adaptive Traffic Control System market study is segmented by Type (OPAC, SCOOT, RHODES and SCATS), by Application (Roadworks, Highway and Street) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Adaptive Traffic Control System market throughout the predicted period.
IBM Corporation (United States), Siemens AG (Germany), Aldridge Traffic Controllers Pty Limited (Australia), Analog & Digital Labs (India), CMS Computers Limited (India), Johnson Controls (Ireland), TransCore Atlantic LLC (UAE), Swarco Holding (Austria), Kapsch TrafficCom AG (Austra), Atkins Group (SNC-Lavalin Group Inc.) (United Kingdom) and Cubic Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are IntelliVision (Nortek Security & Control LLC.) (United States), Efftronics Systems Pvt. Ltd. (India), Onnyx Electronisys Pvt. Ltd. (India), EFKON India Private Limited (India) and Digicon S/A (Brazil).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Adaptive Traffic Control System market by Type, Application and Region.
On the basis of geography, the market of Adaptive Traffic Control System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020.
Market Leaders and their expansionary development strategies
In January 2021, SWARCO AG had secured three EU-funded traffic and public transport management projects in Romania. As part of the agreement, the company would install traffic management equipment across three Romanian cities, including Piatra Neamt, Drobeta, and Bistrita.
On 20th October 2020, Siemens Mobility has initiated proceedings for the acquisition of Aldridge Traffic Controllers (ATC), the main player in the market for urban traffic control and SCATS customers around the world. ATC is one of a few companies holding a license to distribute the Sydney Coordinated Adaptive Traffic System (SCATS), a holistic, innovative and scalable system of traffic management software and SCATS type approved controllers
- High Demographic Rates
- Growing Government Initiatives for Deployment of Smart Traffic Technologies
- The growing number of on-road vehicles
- The Increasing Urban Population
- The Surging demand for cutting-edge artificial intelligence (AI) technology
- The Concern Related to Slow growth in the infrastructure sector
- The limited budgets allocated to the traffic industry remains a critical issue
- The Issues Related to Security threats and hacker challenges
Analyst ViewDuring the forecast period, the worldwide adaptive traffic control system market is expected to grow at an amazing CAGR of 18%. The market's expansion can be attributed to a number of factors, including an increase in the number of vehicles in urban areas, an increase in traffic congestion problems, an increase in the number of road accidents worldwide, and an increase in the use of novel technologies, such as artificial intelligence and machine learning. To strengthen their market position, industry participants should focus on overcoming supply chain challenges brought on by the COVID-19 pandemic and seizing chances in developing parts of the world.
Key Target AudienceAdaptive Traffic Control System Providers, Government Research Organization, Private Research Organization, Government Regulatory bodies and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Adaptive Traffic Control System Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.
3. What is expected growth rate in Adaptive Traffic Control System Market?
According to AMA, the Global Adaptive Traffic Control System market is expected to see growth rate of 18.0%.