Traffic Signal Controller Market Developments by 2031
Traffic signal controller are automated devices which regulate the timing and sequence of traffic signals through monitoring vehicle and pedestrian demand and adjusting them for meeting these needs. In addition, traffic signal controllers offer a number of benefits, such as giving drivers the right to drive vehicles with confidence, offering orderly moving traffic, supporting to reduce the frequency of accidents, and more.
MARKET SCOPE
The "Global Traffic Signal Controller Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the traffic signal controller market with detailed market segmentation by type, applications, and geography. The report provides key statistics on the market status of the leading traffic signal controller market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global traffic signal controller market is segmented into centralized adaptive, fixed time, and others.
- On the basis of applications, the market is segmented into urban and suburbs.
MARKET DYNAMICS
Drivers:
- Some of the major factors that are propelling the growth of traffic signal controller market include, growing urban population and high demographic rates and rising government initiatives for traffic management across cities.
Restraints:
- Lack of standardized and uniform technologies may hamper the growth of the traffic signal controller market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The traffic signal controller market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the traffic signal controller market in these regions.
IMPACT OF COVID-19 ON TRAFFIC SIGNAL CONTROLLER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The traffic signal controller market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the traffic signal controller market in these regions.
IMPACT OF COVID-19 ON TRAFFIC SIGNAL CONTROLLER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the traffic signal controller market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from traffic signal controller market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the traffic signal controller market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aldridge Traffic Controllers
- Dynamic Traffic System
- Genius Traffic System Company Limited (GTS)
- Indra
- Johnson Controls
- PPK Technology
- QTC (Traffic Technologies Pty Ltd)
- Sena Traffic Systems (TrafficSens)
- Siemens AG
- Sumitomo Electric Industries, Ltd.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Traffic Signal Controller Market - By Type
1.3.2 Traffic Signal Controller Market - By Applications
1.3.3 Traffic Signal Controller Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TRAFFIC SIGNAL CONTROLLER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. TRAFFIC SIGNAL CONTROLLER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. TRAFFIC SIGNAL CONTROLLER MARKET - GLOBAL MARKET ANALYSIS
6.1. TRAFFIC SIGNAL CONTROLLER - GLOBAL MARKET OVERVIEW
6.2. TRAFFIC SIGNAL CONTROLLER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TRAFFIC SIGNAL CONTROLLER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CENTRALIZED ADAPTIVE
7.3.1. Overview
7.3.2. Centralized Adaptive Market Forecast and Analysis
7.4. FIXED TIME
7.4.1. Overview
7.4.2. Fixed Time Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. TRAFFIC SIGNAL CONTROLLER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. URBAN
8.3.1. Overview
8.3.2. Urban Market Forecast and Analysis
8.4. SUBURBS
8.4.1. Overview
8.4.2. Suburbs Market Forecast and Analysis
9. TRAFFIC SIGNAL CONTROLLER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Traffic Signal Controller Market Overview
9.1.2 North America Traffic Signal Controller Market Forecasts and Analysis
9.1.3 North America Traffic Signal Controller Market Forecasts and Analysis - By Type
9.1.4 North America Traffic Signal Controller Market Forecasts and Analysis - By Applications
9.1.5 North America Traffic Signal Controller Market Forecasts and Analysis - By Countries
9.1.5.1 United States Traffic Signal Controller Market
9.1.5.1.1 United States Traffic Signal Controller Market by Type
9.1.5.1.2 United States Traffic Signal Controller Market by Applications
9.1.5.2 Canada Traffic Signal Controller Market
9.1.5.2.1 Canada Traffic Signal Controller Market by Type
9.1.5.2.2 Canada Traffic Signal Controller Market by Applications
9.1.5.3 Mexico Traffic Signal Controller Market
9.1.5.3.1 Mexico Traffic Signal Controller Market by Type
9.1.5.3.2 Mexico Traffic Signal Controller Market by Applications
9.2. EUROPE
9.2.1 Europe Traffic Signal Controller Market Overview
9.2.2 Europe Traffic Signal Controller Market Forecasts and Analysis
9.2.3 Europe Traffic Signal Controller Market Forecasts and Analysis - By Type
9.2.4 Europe Traffic Signal Controller Market Forecasts and Analysis - By Applications
9.2.5 Europe Traffic Signal Controller Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Traffic Signal Controller Market
9.2.5.1.1 Germany Traffic Signal Controller Market by Type
9.2.5.1.2 Germany Traffic Signal Controller Market by Applications
9.2.5.2 France Traffic Signal Controller Market
9.2.5.2.1 France Traffic Signal Controller Market by Type
9.2.5.2.2 France Traffic Signal Controller Market by Applications
9.2.5.3 Italy Traffic Signal Controller Market
9.2.5.3.1 Italy Traffic Signal Controller Market by Type
9.2.5.3.2 Italy Traffic Signal Controller Market by Applications
9.2.5.4 United Kingdom Traffic Signal Controller Market
9.2.5.4.1 United Kingdom Traffic Signal Controller Market by Type
9.2.5.4.2 United Kingdom Traffic Signal Controller Market by Applications
9.2.5.5 Russia Traffic Signal Controller Market
9.2.5.5.1 Russia Traffic Signal Controller Market by Type
9.2.5.5.2 Russia Traffic Signal Controller Market by Applications
9.2.5.6 Rest of Europe Traffic Signal Controller Market
9.2.5.6.1 Rest of Europe Traffic Signal Controller Market by Type
9.2.5.6.2 Rest of Europe Traffic Signal Controller Market by Applications
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Traffic Signal Controller Market Overview
9.3.2 Asia-Pacific Traffic Signal Controller Market Forecasts and Analysis
9.3.3 Asia-Pacific Traffic Signal Controller Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Traffic Signal Controller Market Forecasts and Analysis - By Applications
9.3.5 Asia-Pacific Traffic Signal Controller Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Traffic Signal Controller Market
9.3.5.1.1 Australia Traffic Signal Controller Market by Type
9.3.5.1.2 Australia Traffic Signal Controller Market by Applications
9.3.5.2 China Traffic Signal Controller Market
9.3.5.2.1 China Traffic Signal Controller Market by Type
9.3.5.2.2 China Traffic Signal Controller Market by Applications
9.3.5.3 India Traffic Signal Controller Market
9.3.5.3.1 India Traffic Signal Controller Market by Type
9.3.5.3.2 India Traffic Signal Controller Market by Applications
9.3.5.4 Japan Traffic Signal Controller Market
9.3.5.4.1 Japan Traffic Signal Controller Market by Type
9.3.5.4.2 Japan Traffic Signal Controller Market by Applications
9.3.5.5 South Korea Traffic Signal Controller Market
9.3.5.5.1 South Korea Traffic Signal Controller Market by Type
9.3.5.5.2 South Korea Traffic Signal Controller Market by Applications
9.3.5.6 Rest of Asia-Pacific Traffic Signal Controller Market
9.3.5.6.1 Rest of Asia-Pacific Traffic Signal Controller Market by Type
9.3.5.6.2 Rest of Asia-Pacific Traffic Signal Controller Market by Applications
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Traffic Signal Controller Market Overview
9.4.2 Middle East and Africa Traffic Signal Controller Market Forecasts and Analysis
9.4.3 Middle East and Africa Traffic Signal Controller Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Traffic Signal Controller Market Forecasts and Analysis - By Applications
9.4.5 Middle East and Africa Traffic Signal Controller Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Traffic Signal Controller Market
9.4.5.1.1 South Africa Traffic Signal Controller Market by Type
9.4.5.1.2 South Africa Traffic Signal Controller Market by Applications
9.4.5.2 Saudi Arabia Traffic Signal Controller Market
9.4.5.2.1 Saudi Arabia Traffic Signal Controller Market by Type
9.4.5.2.2 Saudi Arabia Traffic Signal Controller Market by Applications
9.4.5.3 U.A.E Traffic Signal Controller Market
9.4.5.3.1 U.A.E Traffic Signal Controller Market by Type
9.4.5.3.2 U.A.E Traffic Signal Controller Market by Applications
9.4.5.4 Rest of Middle East and Africa Traffic Signal Controller Market
9.4.5.4.1 Rest of Middle East and Africa Traffic Signal Controller Market by Type
9.4.5.4.2 Rest of Middle East and Africa Traffic Signal Controller Market by Applications
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Traffic Signal Controller Market Overview
9.5.2 South and Central America Traffic Signal Controller Market Forecasts and Analysis
9.5.3 South and Central America Traffic Signal Controller Market Forecasts and Analysis - By Type
9.5.4 South and Central America Traffic Signal Controller Market Forecasts and Analysis - By Applications
9.5.5 South and Central America Traffic Signal Controller Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Traffic Signal Controller Market
9.5.5.1.1 Brazil Traffic Signal Controller Market by Type
9.5.5.1.2 Brazil Traffic Signal Controller Market by Applications
9.5.5.2 Argentina Traffic Signal Controller Market
9.5.5.2.1 Argentina Traffic Signal Controller Market by Type
9.5.5.2.2 Argentina Traffic Signal Controller Market by Applications
9.5.5.3 Rest of South and Central America Traffic Signal Controller Market
9.5.5.3.1 Rest of South and Central America Traffic Signal Controller Market by Type
9.5.5.3.2 Rest of South and Central America Traffic Signal Controller Market by Applications
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TRAFFIC SIGNAL CONTROLLER MARKET, KEY COMPANY PROFILES
11.1. ALDRIDGE TRAFFIC CONTROLLERS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DYNAMIC TRAFFIC SYSTEM
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GENIUS TRAFFIC SYSTEM COMPANY LIMITED (GTS)
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INDRA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. JOHNSON CONTROLS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PPK TECHNOLOGY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. QTC (TRAFFIC TECHNOLOGIES PTY LTD)
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SENA TRAFFIC SYSTEMS (TRAFFICSENS)
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SIEMENS AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SUMITOMO ELECTRIC INDUSTRIES, LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aldridge Traffic Controllers
2. Dynamic Traffic System
3. Genius Traffic System Company Limited (GTS)
4. Indra
5. Johnson Controls
6. PPK Technology
7. QTC (Traffic Technologies Pty Ltd)
8. Sena Traffic Systems (TrafficSens)
9. Siemens AG
10. Sumitomo Electric Industries, 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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