Adaptive Traffic Control System Market Growth, Share by 2030
The adaptive traffic control system market size is projected to reach US$ 23.02 billion by 2030 from US$ 6.37 billion in 2023. The market is expected to register a CAGR of 19.7% during 2023–2030. Growing adoption of AI in traffic management is likely to remain a key trend in the market.
Adaptive Traffic Control System Market Analysis
Over the past few years, the adaptive traffic control system market has witnessed significant growth owing to factors such as growing investment in roadway infrastructure and increasing urban population and vehicle sales. Huge development of smart cities to provide lucrative growth opportunities for the adaptive traffic control system market.
Adaptive Traffic Control System Market Overview
Adaptive Traffic Control System (ATCS) is a solution that enables cities to manage their traffic and pedestrian signals along with complex road networks to optimize traffic flow. Adaptive traffic control system adapts to real-time traffic patterns to optimize the traffic flow by dynamically changing the green split timings. Based on the volume of traffic at each intersection and the expected number of arrivals from nearby intersections, the ATCS algorithm continuously modifies the timing of the traffic signals. By gradually letting cars pass through green lights, it significantly shortens travel times and eases traffic by promoting smoother flow.
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Adaptive Traffic Control System Market: Strategic Insights
Market Size Value in US$ 6.37 billion in 2023 Market Size Value by US$ 23.02 billion by 2030 Growth rate CAGR of 19.7% from 2023 to 2030 Forecast Period 2023-2030 Base Year 2023
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Adaptive Traffic Control System Market: Strategic Insights
| Market Size Value in | US$ 6.37 billion in 2023 |
| Market Size Value by | US$ 23.02 billion by 2030 |
| Growth rate | CAGR of 19.7% from 2023 to 2030 |
| Forecast Period | 2023-2030 |
| Base Year | 2023 |
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Adaptive Traffic Control System Market Drivers and Opportunities
Growing Investment in Roadway Infrastructure to Favor Market
The demand for better transportation facilities, such as better road conditions, smooth traffic flow, and connectivity between different areas, is rising worldwide due to the increasing population. As a result, the government authorities of different countries are focusing on developing their road infrastructure. In June 2022, the government of China announced its plan to launch 120 new expressways and ordinary national and provincial highway projects, which will cover more than 3,600 km. A total amount of US$ 27.20 billion (182 billion yuan) will be allocated to these projects. Similarly, in March 2022, VINCI Highways announced that the expansion of the B247 road between Mühlhausen and Bad Langensalza in Germany had started. For the construction of this road, the government has approved an investment of ~US$ 545.61 million (EUR 500 million). Also, the government of Ontario announced an investment of ~US$ 3 billion to repair and expand provincial highways and bridges from April 2022 to March 2023. Almost US$ 1.7 billion was used in southern Ontario and around US$ 624 million in northern Ontario to repair and expand highways and bridges. Growing investments in roadway infrastructure raise the need to implement automated traffic control systems to improve traffic flow and enhance vehicular safety. Thus, the rising expenditure on infrastructure for passenger and driver safety bolsters the adaptive traffic control system market growth.
Growing Adoption of AI in Traffic Management
Road traffic management has undergone a radical transformation as a result of artificial intelligence's (AI) quick development. These days, artificial intelligence (AI) can accurately forecast and manage the movement of people, things, cars, and cargo at various locations along the transportation network. AI is not only giving citizens better services than previously, but it is also enabling safer travel times at times when roads are closed due to construction or other events and reducing the number of accidents by optimizing traffic patterns at intersections. Moreover, AI's capacity to handle and evaluate enormous volumes of data has made mass transit-like ride-sharing services effective.
Adaptive Traffic Control System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the adaptive traffic control system market analysis are type, component and application.
- Based on the type, the adaptive traffic control system market is divided into hardware, software, and services. The hardware segment will hold a significant market share in 2022.
- By component, the market is segmented into OPAC, SCOOT, RHODES, and SCATS. The SCATS segment held the largest market share in 2022.
- In terms of application, the market is segmented into highways and urban (cities). The urban (cities) segment held the largest market share in 2022.
Adaptive Traffic Control System Market Share Analysis by Geography
The geographic scope of the adaptive traffic control system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Adaptive traffic control system is widely used in the UK, Asia, and Australia. Slightly less than 1% of signalized junctions in the US have adaptive signal control technologies installed. In addition to the potential expense of hardware, other obstacles, such as knowledge required to configure and maintain the system, the absence of active performance measurement, and misconceptions regarding the advantages of adaptive signal control technology may restrict the adoption of adaptive traffic control system in various countries.
Adaptive Traffic Control System Market Report Scope
Adaptive Traffic Control System Market News and Recent Developments
The adaptive traffic control system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the adaptive traffic control system market are listed below:
- Yunex Traffic announced the launch of the Yutraffic Blade Advanced Traffic Controller Platform to the US market. The next-generation edge-computing controller has a dual-core processor, powerful enough for all the traffic control applications of today and ready for those of the future. (Source: Yunex Traffic, Press Release, April 2023)
- The Directorate of Urban Land Transport (DULT) has initiated the trial run for a new traffic signaling system at the Kensington Road and Murphy Road junction near Ulsoor. The system incorporates Japanese MODERATO (Management of Origin-Destination-Related Adaptation for Traffic Optimization) technology. (Source: THE HINDU BUREAU, Press Release, February 2024)
Adaptive Traffic Control System Market Report Coverage and Deliverables
The “Adaptive Traffic Control System Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Adaptive traffic control system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Adaptive traffic control system market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Adaptive traffic control system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the adaptive traffic control system market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Component, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global adaptive traffic control system market is expected to grow at a CAGR of 19.7% during the forecast period 2023 - 2030.
Growing investment in roadway infrastructure and increasing urban population & vehicle sales are the major factors driving the adaptive traffic control system market.
The growing adoption of AI in traffic management is anticipated to play a significant role in the global adaptive traffic control system market in the coming years.
The leading players operating in the adaptive traffic control system market are Aldridge Traffic Controllers Pty Ltd, Digicon SA, EFKON India Pvt. Ltd., Efftronics Systems Pvt Ltd, Kapsch TrafficCom AG, Trafiksol ITS Technologies Pvt Ltd, Swarco AG, Cubic Transportation Systems Inc, Johnson Controls International Plc, Vivacity Labs Ltd, Miovision Technologies Inc, Rhythm Engineering Inc, No Traffic, Kimley-Horn and Associates Inc, Q-Free ASA, and Econolite Group Inc.
The adaptive traffic control system market size is projected to reach US$ 23.02 billion by 2030.
North America is expected to dominate the adaptive traffic control system market with the highest market share in 2022.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Adaptive Traffic Control System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Adaptive Traffic Control System Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Urban Population and Vehicle Sales
5.1.2 Growing Investments in Roadway Infrastructure
5.2 Market Restraints
5.2.1 Increasing Security Threats
5.3 Market Opportunities
5.3.1 Development of Smart Cities
5.4 Future Trends
5.4.1 Growing Adoption of AI in Traffic Management Systems
5.5 Impact Analysis of Drivers and Restraints
6. Adaptive Traffic Control System Market – Global Market Analysis
6.1 Adaptive Traffic Control System Market Overview
6.2 Adaptive Traffic Control System Market Forecast and Analysis
6.3 Market Positioning – Global Key Players
7. Adaptive Traffic Control System Market Revenue and Forecast to 2030 – Component
7.1 Overview
7.2 Adaptive Traffic Control System Market Breakdown, By Application, 2022 and 2030
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware Market Forecast and Analysis
7.4 Software
7.4.1 Overview
7.4.2 Software Market Forecast and Analysis
7.5 Services
7.5.1 Overview
7.5.2 Services Market Forecast and Analysis
8. Adaptive Traffic Control System Market Analysis – By Type
8.1 Overview
8.2 Adaptive traffic control system market Breakdown, by Type, 2022 and 2030
8.3 OPAC
8.3.1 Overview
8.3.2 OPAC Market Revenue and Forecast to 2030 (US$ Million)
8.4 SCOOT
8.4.1 Overview
8.4.2 SCOOT Market Revenue and Forecast to 2030 (US$ Million)
8.5 RHODES
8.5.1 Overview
8.5.2 RHODES Market Revenue and Forecast to 2030 (US$ Million)
8.6 SCATS
8.6.1 Overview
8.6.2 SCATS Market Revenue and Forecast to 2030 (US$ Million)
9. Adaptive Traffic Control System Market Revenue and Forecast to 2030 – Application
9.1 Overview
9.2 Adaptive Traffic Control System Market Breakdown, by Application, 2022 and 2030
9.4 Highways
9.4.1 Overview
9.4.2 Highways Market Forecast and Analysis
9.5 Urban (Cities)
9.5.1 Overview
9.5.2 Urban (Cities) Market Forecast and Analysis
10. Adaptive Traffic Control System Market – Geographic Analysis
10.1 Overview
10.2 North America: Adaptive Traffic Control System Market
10.2.1 North America: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.2.2 North America: Adaptive Traffic Control System Market, by Component
10.2.3 North America: Adaptive Traffic Control System Market, by Type
10.2.4 North America: Adaptive Traffic Control System Market, by Application
10.2.5 North America: Adaptive Traffic Control System Market, by Key Country
10.2.5.1 US: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.2.5.1.1 US: Adaptive Traffic Control System Market, by Component
10.2.5.1.2 US: Adaptive Traffic Control System Market, by Type
10.2.5.1.3 US: Adaptive Traffic Control System Market, by Application
10.2.5.2 Canada: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.2.5.2.1 Canada: Adaptive Traffic Control System Market, by Component
10.2.5.2.2 Canada: Adaptive Traffic Control System Market, by Type
10.2.5.2.3 Canada: Adaptive Traffic Control System Market, by Application
10.2.5.3 Mexico: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.2.5.3.1 Mexico: Adaptive Traffic Control System Market, by Component
10.2.5.3.2 Mexico: Adaptive Traffic Control System Market, by Type
10.2.5.3.3 Mexico: Adaptive Traffic Control System Market, by Application
10.3 Europe: Adaptive Traffic Control System Market
10.3.1 Europe: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.3.2 Europe: Adaptive Traffic Control System Market, by Component
10.3.3 Europe: Adaptive Traffic Control System Market, by Type
10.3.4 Europe: Adaptive Traffic Control System Market, by Application
10.3.5 Europe: Adaptive Traffic Control System Market, by Key Country
10.3.5.1 Germany: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.3.5.1.1 Germany: Adaptive Traffic Control System Market, by Component
10.3.5.1.2 Germany: Adaptive Traffic Control System Market, by Type
10.3.5.1.3 Germany: Adaptive Traffic Control System Market, by Application
10.3.5.2 France: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.3.5.2.1 France: Adaptive Traffic Control System Market, by Component
10.3.5.2.2 France: Adaptive Traffic Control System Market, by Type
10.3.5.2.3 France: Adaptive Traffic Control System Market, by Application
10.3.5.3 Italy: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.3.5.3.1 Italy: Adaptive Traffic Control System Market, by Component
10.3.5.3.2 Italy: Adaptive Traffic Control System Market, by Type
10.3.5.3.3 Italy: Adaptive Traffic Control System Market, by Application
10.3.5.4 UK: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.3.5.4.1 UK: Adaptive Traffic Control System Market, by Component
10.3.5.4.2 UK: Adaptive Traffic Control System Market, by Type
10.3.5.4.3 UK: Adaptive Traffic Control System Market, by Application
10.3.5.5 Russia: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.3.5.5.1 Russia: Adaptive Traffic Control System Market, by Component
10.3.5.5.2 Russia: Adaptive Traffic Control System Market, by Type
10.3.5.5.3 Russia: Adaptive Traffic Control System Market, by Application
10.3.5.6 Rest of Europe: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.3.5.6.1 Rest of Europe: Adaptive Traffic Control System Market, by Component
10.3.5.6.2 Rest of Europe: Adaptive Traffic Control System Market, by Type
10.3.5.6.3 Rest of Europe: Adaptive Traffic Control System Market, by Application
10.4 Asia Pacific: Adaptive Traffic Control System Market
10.4.1 Asia Pacific: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.4.2 Asia Pacific: Adaptive Traffic Control System Market, by Component
10.4.3 Asia Pacific: Adaptive Traffic Control System Market, by Type
10.4.4 Asia Pacific: Adaptive Traffic Control System Market, by Application
10.4.5 Asia Pacific: Adaptive Traffic Control System Market, by Key Country
10.4.5.1 Australia: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.4.5.1.1 Australia: Adaptive Traffic Control System Market, by Component
10.4.5.1.2 Australia: Adaptive Traffic Control System Market, by Type
10.4.5.1.3 Australia: Adaptive Traffic Control System Market, by Application
10.4.5.2 China: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.4.5.2.1 China: Adaptive Traffic Control System Market, by Component
10.4.5.2.2 China: Adaptive Traffic Control System Market, by Type
10.4.5.2.3 China: Adaptive Traffic Control System Market, by Application
10.4.5.3 India: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.4.5.3.1 India: Adaptive Traffic Control System Market, by Component
10.4.5.3.2 India: Adaptive Traffic Control System Market, by Type
10.4.5.3.3 India: Adaptive Traffic Control System Market, by Application
10.4.5.4 Japan: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.4.5.4.1 Japan: Adaptive Traffic Control System Market, by Component
10.4.5.4.2 Japan: Adaptive Traffic Control System Market, by Type
10.4.5.4.3 Japan: Adaptive Traffic Control System Market, by Application
10.4.5.5 South Korea: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.4.5.5.1 South Korea: Adaptive Traffic Control System Market, by Component
10.4.5.5.2 South Korea: Adaptive Traffic Control System Market, by Type
10.4.5.5.3 South Korea: Adaptive Traffic Control System Market, by Application
10.4.5.6 Rest of Asia Pacific: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.4.5.6.1 Rest of Asia Pacific: Adaptive Traffic Control System Market, by Component
10.4.5.6.2 Rest of Asia Pacific: Adaptive Traffic Control System Market, by Type
10.4.5.6.3 Rest of Asia Pacific: Adaptive Traffic Control System Market, by Application
10.5 Middle East & Africa (MEA): Adaptive Traffic Control System Market
10.5.1 MEA: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.5.2 MEA: Adaptive Traffic Control System Market, by Component
10.5.3 MEA: Adaptive Traffic Control System Market, by Type
10.5.4 MEA: Adaptive Traffic Control System Market, by Application
10.5.5 MEA: Adaptive Traffic Control System Market, by Key Country
10.5.5.1 South Africa: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.5.5.1.1 South Africa: Adaptive Traffic Control System Market, by Component
10.5.5.1.2 South Africa: Adaptive Traffic Control System Market, by Type
10.5.5.1.3 South Africa: Adaptive Traffic Control System Market, by Application
10.5.5.2 Saudi Arabia: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.5.5.2.1 Saudi Arabia: Adaptive Traffic Control System Market, by Component
10.5.5.2.2 Saudi Arabia: Adaptive Traffic Control System Market, by Type
10.5.5.2.3 Saudi Arabia: Adaptive Traffic Control System Market, by Application
10.5.5.3 UAE: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.5.5.3.1 UAE: Adaptive Traffic Control System Market, by Component
10.5.5.3.2 UAE: Adaptive Traffic Control System Market, by Type
10.5.5.3.3 UAE: Adaptive Traffic Control System Market, by Application
10.5.5.4 Rest of MEA: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.5.5.4.1 Rest of MEA: Adaptive Traffic Control System Market, by Component
10.5.5.4.2 Rest of MEA: Adaptive Traffic Control System Market, by Type
10.5.5.4.3 Rest of MEA: Adaptive Traffic Control System Market, by Application
10.6 South America: Adaptive Traffic Control System Market
10.6.1 South America: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.6.2 South America: Adaptive Traffic Control System Market, by Component
10.6.3 South America: Adaptive Traffic Control System Market, by Type
10.6.4 South America: Adaptive Traffic Control System Market, by Application
10.6.5 South America: Adaptive Traffic Control System Market, by Key Country
10.6.5.1 Brazil: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.6.5.1.1 Brazil: Adaptive Traffic Control System Market, by Component
10.6.5.1.2 Brazil: Adaptive Traffic Control System Market, by Type
10.6.5.1.3 Brazil: Adaptive Traffic Control System Market, by Application
10.6.5.2 Argentina: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.6.5.2.1 Argentina: Adaptive Traffic Control System Market, by Component
10.6.5.2.2 Argentina: Adaptive Traffic Control System Market, by Type
10.6.5.2.3 Argentina: Adaptive Traffic Control System Market, by Application
10.6.5.3 Rest of SAM: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.6.5.3.1 Rest of SAM: Adaptive Traffic Control System Market, by Component
10.6.5.3.2 Rest of SAM: Adaptive Traffic Control System Market, by Type
10.6.5.3.3 Rest of SAM: Adaptive Traffic Control System Market, by Application
11. Impact of COVID-19 Pandemic on Global Adaptive Traffic Control System Market
11.1 Overview
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.1.5 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Aldridge Traffic Controllers Pty Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Digicon SA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 EFKON India Pvt. Ltd.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Efftronics Systems Pvt Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Kapsch TrafficCom AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Trafiksol ITS Technologies Pvt Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Swarco AG
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Cubic Transportation Systems Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Johnson Controls International Plc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Vivacity Labs Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Miovision Technologies Inc
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Rhythm Engineering Inc
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 No Traffic
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Kimley-Horn and Associates Inc
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 Q-Free ASA
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
13.16 Econolite Group Inc
13.16.1 Key Facts
13.16.2 Business Description
13.16.3 Products and Services
13.16.4 Financial Overview
13.16.5 SWOT Analysis
13.16.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. North America: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 3. North America: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 4. North America: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 5. US: Adaptive Traffic Control System Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 6. US: Adaptive Traffic Control System Market, by Type –Revenue and Forecast to 2030 (US$ Million)
Table 7. US: Adaptive Traffic Control System Market, by Application –Revenue and Forecast to 2030 (US$ Million)
Table 8. Canada: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 9. Canada: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 10. Canada: Adaptive Traffic Control System Market, by Application –Revenue and Forecast to 2030 (Canada$ Million)
Table 11. Mexico: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 12. Mexico: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 13. Mexico: Adaptive Traffic Control System Market, by Application –Revenue and Forecast to 2030 (Mexico$ Million)
Table 14. Europe: Adaptive Traffic Control System Market, by Component– Revenue and Forecast to 2030 (US$ Million)
Table 15. Europe: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 16. Europe: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 17. Germany: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 18. Germany: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 19. Germany: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 20. France: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 21. France: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 22. France: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 23. Italy: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 24. Italy: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 25. Italy: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 26. UK: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 27. UK: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 28. UK: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 29. Russia: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 30. Russia: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 31. Russia: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 32. Rest of Europe: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 33. Rest of Europe: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 34. Rest of Europe: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 35. Asia Pacific: Adaptive Traffic Control System Market, by Component– Revenue and Forecast to 2030 (US$ Million)
Table 36. Asia Pacific: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 37. Asia Pacific: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 38. Australia: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 39. Australia: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 40. Australia: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 41. China: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 42. China: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 43. China: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 44. India: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 45. India: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 46. India: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 47. Japan: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 48. Japan: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 49. Japan: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 50. South Korea: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 51. South Korea: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 52. South Korea: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 53. Rest of Asia Pacific: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 54. Rest of Asia Pacific: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 55. Rest of Asia Pacific: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 56. MEA: Adaptive Traffic Control System Market, by Component– Revenue and Forecast to 2030 (US$ Million)
Table 57. MEA: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 58. MEA: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 59. South Africa: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 60. South Africa: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 61. South Africa: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 62. Saudi Arabia: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 63. Saudi Arabia: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 64. Saudi Arabia: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 65. UAE: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 66. UAE: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 67. UAE: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 68. Rest of MEA: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 69. Rest of MEA: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 70. Rest of MEA: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 71. South America: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 72. South America: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 73. South America: Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 74. Brazil: Adaptive Traffic Control System Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 75. Brazil: Adaptive Traffic Control System Market, by Type –Revenue and Forecast to 2030 (US$ Million)
Table 76. Brazil: Adaptive Traffic Control System Market, by Application –Revenue and Forecast to 2030 (US$ Million)
Table 77. Argentina: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 78. Argentina: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 79. Argentina: Adaptive Traffic Control System Market, by Application –Revenue and Forecast to 2030 (US$ Million)
Table 80. Rest of SAM: Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 81. Rest of SAM: Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 82. Rest of SAM: Adaptive Traffic Control System Market, by Application –Revenue and Forecast to 2030 (Rest of SAM$ Million)
Table 83. List of Abbreviation
LIST OF FIGURES
Figure 1. Adaptive Traffic Control System Market Segmentation
Figure 2. Adaptive Traffic Control System Market Segmentation – By Geography
Figure 3. Global Adaptive Traffic Control System Market Overview
Figure 4. Adaptive Traffic Control System Market, by Component
Figure 5. Adaptive Traffic Control System Market, by Type
Figure 6. Adaptive Traffic Control System Market, by AAplication
Figure 7. Adaptive Traffic Control System Market, by Geography
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. Asia-Pacific- PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. South America- PEST Analysis
Figure 13. Adaptive Traffic Control System Market, Ecosystem
Figure 14. Adaptive Traffic Control System Market: Impact Analysis of Drivers and Restraints
Figure 15. Adaptive Traffic Control System Market – Geographic Analysis
Figure 16. Adaptive Traffic Control System Market Forecast and Analysis (US$ Million)
Figure 17. Adaptive Traffic Control System Market Breakdown, By Application, 2022 and 2030 (%)
Figure 18. Hardware Market Revenue and Forecast to 2030 (US$ Million)
Figure 19. Software Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. Services Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Adaptive traffic control system market Breakdown, By Type (2022 and 2030)
Figure 22. OPAC Market Revenue and Forecast to 2030 (US$ Million)
Figure 23. SCOOT Market Revenue and Forecast to 2030 (US$ Million)
Figure 24. RHODES Market Revenue and Forecast to 2030 (US$ Million)
Figure 25. SCATS Market Revenue and Forecast to 2030 (US$ Million)
Figure 26. Adaptive Traffic Control System Market Breakdown, by Application, 2022 and 2030 (%)
Figure 27. Highways Market Revenue and Forecast to 2030 (US$ Million)
Figure 28. Urban (Cities) Market Revenue and Forecast to 2030 (US$ Million)
Figure 29. Global Adaptive Traffic Control System Market Revenue Share, by Region (2022 and 2030)
Figure 30. North America: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. North America: Adaptive Traffic Control System Market Revenue Share, by Component (2022 and 2030)
Figure 32. North America: Adaptive Traffic Control System Market Revenue Share, by Type (2022 and 2030)
Figure 33. North America: Adaptive Traffic Control System Market Revenue Share, by Application (2022 and 2030)
Figure 34. North America: Adaptive Traffic Control System Market Revenue Share, by Key Country (2022 and 2030)
Figure 35. US: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 36. Canada: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 37. Mexico: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 38. Europe: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 39. Europe: Adaptive Traffic Control System Market Revenue Share, by Component (2022 and 2030)
Figure 40. Europe: Adaptive Traffic Control System Market Revenue Share, by Type (2022 and 2030)
Figure 41. Europe: Adaptive Traffic Control System Market Revenue Share, by Application (2022 and 2030)
Figure 42. Europe: Adaptive Traffic Control System Market Revenue Share, by Key Country (2022 and 2030)
Figure 43. Germany: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 44. France: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 45. Italy: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 46. UK: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 47. Russia: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 48. Rest of Europe: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 49. Asia Pacific: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 50. Asia Pacific: Adaptive Traffic Control System Market Revenue Share, by Component (2022 and 2030)
Figure 51. Asia Pacific: Adaptive Traffic Control System Market Revenue Share, by Type (2022 and 2030)
Figure 52. Asia Pacific: Adaptive Traffic Control System Market Revenue Share, by Application (2022 and 2030)
Figure 53. Asia Pacific: Adaptive Traffic Control System Market Revenue Share, by Key Country (2022 and 2030)
Figure 54. Australia: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 55. China: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 56. India: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 57. Japan: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 58. South Korea: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 59. Rest of Asia Pacific: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 60. MEA: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 61. MEA: Adaptive Traffic Control System Market Revenue Share, by Component (2022 and 2030)
Figure 62. MEA: Adaptive Traffic Control System Market Revenue Share, by Type (2022 and 2030)
Figure 63. MEA: Adaptive Traffic Control System Market Revenue Share, by Application (2022 and 2030)
Figure 64. MEA: Adaptive Traffic Control System Market Revenue Share, by Key Country (2022 and 2030)
Figure 65. South Africa: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 66. Saudi Arabia: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 67. UAE Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 68. Rest of MEA: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 69. South America: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 70. South America: Adaptive Traffic Control System Market Revenue Share, by Component (2022 and 2030)
Figure 71. South America: Adaptive Traffic Control System Market Revenue Share, by Type (2022 and 2030)
Figure 72. South America: Adaptive Traffic Control System Market Revenue Share, by Application (2022 and 2030)
Figure 73. South America: Adaptive Traffic Control System Market Revenue Share, by Key Country (2022 and 2030)
Figure 74. Brazil: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 75. Argentina: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 76. Rest of SAM: Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 77. Impact of COVID-19 Pandemic in North American Country Markets
Figure 78. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 79. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 80. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 81. Impact of COVID-19 Pandemic In South America Country Markets
The List of Companies - Adaptive Traffic Control System Market
- Aldridge Traffic Controllers Pty Ltd
- Cubic Transportation Systems Inc
- Digicon SA
- Econolite Group Inc
- Efftronics Systems Pvt Ltd
- EFKON India Pvt. Ltd.
- Johnson Controls International Plc
- Kapsch TrafficCom AG
- Kimley-Horn and Associates Inc
- Miovision Technologies Inc
- No Traffic
- Q-Free ASA
- Rhythm Engineering Inc
- Swarco AG
- Trafiksol ITS Technologies Pvt Ltd
- Vivacity Labs Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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