Adaptive Traffic Control System Market Scope, Analysis, and Trends by 2030
Adaptive Traffic Control System Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 6.37 Billion |
Market Size by 2030 | US$ 23.02 Billion |
Global CAGR (2023 - 2030) | 19.7% |
Historical Data | 2021-2022 |
Forecast period | 2023-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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