About Traffic Signal Controller
The traffic signal controller is the most essential part of the intersection. Modern controllers are capable of fully actuated operation, producing signal timings which vary depending on the level of traffic demand. The controller uses settings which are programmed inside it, coupled with the vehicle demand for each phase as presented to it by vehicle detectors, to make decisions on the allocation of green time to the several phases. Modern controllers are designed to keep all settings in their memory even when power to the controller is detached, as may happen during a power outage caused by a storm.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Chinese Manufacturers will contribute the maximum growth to Global Traffic Signal Controller market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens (Germany), SWARCO AG (Austria), Aldridge Traffic Controllers (Australia), Tyco (Ireland), Econolite (United States), Anhui Keli Information Industry (China), e-Hualu (China), Hikvision (China), JARIEC (China) and Sumitomo Electric (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Hisense Trans-Tech Co., LTD. (China), Kyosan Electric Mfg. Co., Ltd. (Japan), Fama Traffic (China), Nanjing Duolun Technology Co. Ltd. (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Traffic Signal Controller market by Type (Fixed Time Control, Coordinated Control and Adaptive Control), Application (Small and Simple Intersections and Large and Complex Intersections) and Region.
On the basis of geography, the market of Traffic Signal Controller 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Traffic Signal Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Need for Real-Time Information Systems
Market Growth Drivers:
Growing Urban Population and High Demographic Rates and Regulatory Structures and Government Policies to Reduce Carbon Emissions
Challenges:
Numerous Sensors and Touchpoints Pose Data Fusion Challenges
Restraints:
Lack of Standardized and Uniform Technologies
Opportunities:
Emergence of IoT and Sensor Technologies in Traffic Signal Controller
Market Leaders and their expansionary development strategies
In February 2019 - Sumitomo Electric Industries, Ltd., a supplier of world-class optical fiber cable and component technology, and Optoscribe, a Scottish-based major supplier of 3D glass-based integrated photonics components, are delighted to announce the formation of a strategic cooperation to provide multicore fiber (MCF) components for datacom and telecom applications.
Key Target Audience
Manufacturers of Traffic Signal Controller, Suppliers of Traffic Signal Controller Parts, Distributors and Retailers of Traffic Signal Controller, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.