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Global Adaptive Traffic Control System Market Report By Component (Hardware (Infrastructure), Software, Service (Consulting Services, Integration & Implementation, Support & Maintenance), By Application (Urban (Cities), Highways) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11214164
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Adaptive Traffic Control System Market Overview
The key driver impacting the adaptive traffic control system market is the rise in traffic congestion and the number of cities' accidents. For instance, According to the association of safe international road travel, road traffic is the 9th leading cause of death and responsible for 2.2% of death across the world annually. Around 90% of all road fatalities occur in low and middle-income countries, as it has less than half of the world's vehicles. As per India's transport report in India, traffic fatalities have increased by around 6% to 8% every year since 2000. It is estimated that total passenger traffic is anticipated to grow by 15%, whereas in 2031-32, growth in road traffic is expected to be 15.4%, and thus it will grow by the factor of 16% in the coming year, which is 7% to 8% in the previous years that is 2014. Moreover, municipalities globally are increasingly seeking novel ways to minimize traffic and on-road congestion by implementing intelligent transportation systems, including adaptive traffic control systems is estimated to be a significant factor that positively impacts market growth.
The rapid urbanization and government investment in smart transportation are estimated to augment adaptive traffic control system demand in the forecast period. however, the high installation cost may hamper the global adaptive traffic control system market in the long run. also, the lack of standardized and uniform technologies negatively impacts market growth. the current industry trends, such as the penetration of analytics in traffic management network systems and the advent of IoT and sensor technologies in traffic management, are expected to provide market players with several market opportunities.
The adaptive traffic control system market is vast, with many local and global players. the key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to improve their market share globally. For instance, In October 2020, siemens AG had planned to acquire an Australia-based provider of adaptive traffic control systems named Aldridge Traffic Controllers (ATC). The known players included in the report are IBM Corporation, Atkins Group (SNC-Lavalin Group Inc., Siemens AG, TransCore Atlantic LLC, Kapsch TrafficCom AG, Aldridge Traffic Controllers Pty Limited, CMS Computers Limited, EFKON India Private Limited, Johnson Controls, Swarco Holding, Cubic Corporation, Analog & Digital Labs, IntelliVision (Nortek Security & Control LLC.), Digicon S/A, SOCIEDAD IBÉRICA DE CONSTRUCCIONES ELÉCTRICAS, S.A, Efftronics Systems Pvt. Ltd., and Onnyx Electronisys Pvt. Ltd.
In this research report, the adaptive traffic control system market is segmented by component, application, and region.
Analysis by component:
By component, the report is categorized into hardware (infrastructure), software, and service. Hardware and software together dominate the component segment with over 60% share in 2020. It is due to the increasing adoption of advanced technology by players that have resulted in the creation of advanced traffic control system equipment and software to offer enhanced capabilities and highly improved performances. Moreover, the growing deployment of surveillance cameras helps perform traffic management-related activities, such as monitoring traffic flow and recognized violations is contributing to the high demand for the adaptive traffic control system in the forecast period.
Analysis by Application:
By applications, the report is categorized Urban (Cities) and Highways. The urban cities segment dominates the application segment with over 60% share in 2020. It is due to growing traffic congestion and accidents caused due to traffic in urban areas. Moreover, the growing adoption of vehicle connectivity and automation solutions drives the demand from Urban (Cities) in the forecast period.
Analysis by Region:
In the regional outlook of the global adaptive traffic control system market, the North America region dominates with a 30% market share during the forecast period. Several traffic management projects are happening in the region, such as Johnson County Gateway Interchange Project Kansas, US; and Johnson County Gateway Interchange Project Kansas, the U.S. are the critical factor driving regional growth. Moreover, the growing advancements in Information and Communication Technology (ICT) are also adding growth to the regional market. Moreover, early adoption of technology and growing smart parking projects in Canada, such as Smart Parking Project Montreal, Canada, contribute to the development of the adaptive traffic control system market across North America.
Market Segmentation covered in the Report:
By Component
The key driver impacting the adaptive traffic control system market is the rise in traffic congestion and the number of cities' accidents. For instance, According to the association of safe international road travel, road traffic is the 9th leading cause of death and responsible for 2.2% of death across the world annually. Around 90% of all road fatalities occur in low and middle-income countries, as it has less than half of the world's vehicles. As per India's transport report in India, traffic fatalities have increased by around 6% to 8% every year since 2000. It is estimated that total passenger traffic is anticipated to grow by 15%, whereas in 2031-32, growth in road traffic is expected to be 15.4%, and thus it will grow by the factor of 16% in the coming year, which is 7% to 8% in the previous years that is 2014. Moreover, municipalities globally are increasingly seeking novel ways to minimize traffic and on-road congestion by implementing intelligent transportation systems, including adaptive traffic control systems is estimated to be a significant factor that positively impacts market growth.
According to Value Market Research, the global adaptive traffic control system market size was valued at USD xxx in 2020 and is anticipated to grow at a CAGR of about 18% during the forecast period of 2021 to 2027.
The rapid urbanization and government investment in smart transportation are estimated to augment adaptive traffic control system demand in the forecast period. however, the high installation cost may hamper the global adaptive traffic control system market in the long run. also, the lack of standardized and uniform technologies negatively impacts market growth. the current industry trends, such as the penetration of analytics in traffic management network systems and the advent of IoT and sensor technologies in traffic management, are expected to provide market players with several market opportunities.
The adaptive traffic control system market is vast, with many local and global players. the key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to improve their market share globally. For instance, In October 2020, siemens AG had planned to acquire an Australia-based provider of adaptive traffic control systems named Aldridge Traffic Controllers (ATC). The known players included in the report are IBM Corporation, Atkins Group (SNC-Lavalin Group Inc., Siemens AG, TransCore Atlantic LLC, Kapsch TrafficCom AG, Aldridge Traffic Controllers Pty Limited, CMS Computers Limited, EFKON India Private Limited, Johnson Controls, Swarco Holding, Cubic Corporation, Analog & Digital Labs, IntelliVision (Nortek Security & Control LLC.), Digicon S/A, SOCIEDAD IBÉRICA DE CONSTRUCCIONES ELÉCTRICAS, S.A, Efftronics Systems Pvt. Ltd., and Onnyx Electronisys Pvt. Ltd.
In this research report, the adaptive traffic control system market is segmented by component, application, and region.
Analysis by component:
By component, the report is categorized into hardware (infrastructure), software, and service. Hardware and software together dominate the component segment with over 60% share in 2020. It is due to the increasing adoption of advanced technology by players that have resulted in the creation of advanced traffic control system equipment and software to offer enhanced capabilities and highly improved performances. Moreover, the growing deployment of surveillance cameras helps perform traffic management-related activities, such as monitoring traffic flow and recognized violations is contributing to the high demand for the adaptive traffic control system in the forecast period.
Analysis by Application:
By applications, the report is categorized Urban (Cities) and Highways. The urban cities segment dominates the application segment with over 60% share in 2020. It is due to growing traffic congestion and accidents caused due to traffic in urban areas. Moreover, the growing adoption of vehicle connectivity and automation solutions drives the demand from Urban (Cities) in the forecast period.
Analysis by Region:
In the regional outlook of the global adaptive traffic control system market, the North America region dominates with a 30% market share during the forecast period. Several traffic management projects are happening in the region, such as Johnson County Gateway Interchange Project Kansas, US; and Johnson County Gateway Interchange Project Kansas, the U.S. are the critical factor driving regional growth. Moreover, the growing advancements in Information and Communication Technology (ICT) are also adding growth to the regional market. Moreover, early adoption of technology and growing smart parking projects in Canada, such as Smart Parking Project Montreal, Canada, contribute to the development of the adaptive traffic control system market across North America.
Market Segmentation covered in the Report:
By Component
- Hardware (Infrastructure)
- Software
- Service
- Consulting Services
- Integration & Implementation
- Support & Maintenance
- Urban (Cities)
- Highways
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . ADAPTIVE TRAFFIC CONTROL SYSTEM – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Component
3.7.2 By Application
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL ADAPTIVE TRAFFIC CONTROL SYSTEM MARKET ANALYSIS BY COMPONENT
6.1 Overview by Component
6.2 Historical and Forecast Data
6.3 Analysis by Component
6.4 Hardware (Infrastructure) Market by Regions
6.6 Software Market by Regions
6.5 Service Market by Regions
7 . GLOBAL ADAPTIVE TRAFFIC CONTROL SYSTEM MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Urban (Cities) Market by Regions
7.5 Highways Market by Regions
8 . GLOBAL ADAPTIVE TRAFFIC CONTROL SYSTEM MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America
8.3.1. Overview, Historic and Forecast Data
8.3.2. North America By Segment
8.3.3. North America By Country
8.3.4. United State
8.3.5. Canada
8.3.6. Mexico
8.4. Europe
8.4.1. Overview, Historic and Forecast Data
8.4.2. Europe by Segment
8.4.3. Europe by Country
8.4.4. United Kingdom
8.4.5. France
8.4.6. Germany
8.4.7. Italy
8.4.8. Russia
8.4.9. Rest Of Europe
8.5. Asia Pacific
8.5.1. Overview, Historic and Forecast Data
8.5.2. Asia Pacific by Segment
8.5.3. Asia Pacific by Country
8.5.4. China
8.5.5. India
8.5.6. Japan
8.5.7. South Korea
8.5.8. Australia
8.5.9. Rest Of Asia Pacific
8.6. Latin America
8.6.1. Overview, Historic and Forecast Data
8.6.2. Latin America by Segment
8.6.3. Latin America by Country
8.6.4. Brazil
8.6.5. Argentina
8.6.6. Peru
8.6.7. Chile
8.6.8. Rest of Latin America
8.7. Middle East & Africa
8.7.1. Overview, Historic and Forecast Data
8.7.2. Middle East & Africa by Segment
8.7.3. Middle East & Africa by Country
8.7.4. Saudi Arabia
8.7.5. UAE
8.7.6. Israel
8.7.7. South Africa
8.7.8. Rest Of Middle East And Africa
9 . COMPETITIVE LANDSCAPE OF THE ADAPTIVE TRAFFIC CONTROL SYSTEM COMPANIES
9.1. Adaptive Traffic Control System Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF ADAPTIVE TRAFFIC CONTROL SYSTEM INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. IBM Corporation
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products
10.3.4. Recent Developments
10.4. Atkins Group (SNC-Lavalin Group Inc.
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products
10.4.4. Recent Developments
10.5. Siemens AG
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products
10.5.4. Recent Developments
10.6. TransCore Atlantic LLC
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products
10.6.4. Recent Developments
10.7. Kapsch TrafficCom AG
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products
10.7.4. Recent Developments
10.8. Aldridge Traffic Controllers Pty Limited
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products
10.8.4. Recent Developments
10.9. CMS Computers Limited
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products
10.9.4. Recent Developments
10.10. EFKON India Private Limited
10.10.1. Company Overview
10.10.2. Financials
10.10.3. Products
10.10.4. Recent Developments
10.11. Johnson Controls
10.11.1. Company Overview
10.11.2. Financials
10.11.3. Products
10.11.4. Recent Developments
10.12. Swarco Holding
10.12.1. Company Overview
10.12.2. Financials
10.12.3. Products
10.12.4. Recent Developments
10.13. Cubic Corporation
10.13.1. Company Overview
10.13.2. Financials
10.13.3. Products
10.13.4. Recent Developments
10.14. Analog & Digital Labs
10.14.1. Company Overview
10.14.2. Financials
10.14.3. Products
10.14.4. Recent Developments
10.15. IntelliVision (Nortek Security & Control LLC.)
10.15.1. Company Overview
10.15.2. Financials
10.15.3. Products
10.15.4. Recent Developments
10.16. Digicon S/A
10.16.1. Company Overview
10.16.2. Financials
10.16.3. Products
10.16.4. Recent Developments
10.17. SOCIEDAD IBÉRICA DE CONSTRUCCIONES ELÉCTRICAS
10.17.1. Company Overview
10.17.2. Financials
10.17.3. Products
10.17.4. Recent Developments
10.18. S.A
10.18.1. Company Overview
10.18.2. Financials
10.18.3. Products
10.18.4. Recent Developments
10.19. Efftronics Systems Pvt. Ltd.
10.19.1. Company Overview
10.19.2. Financials
10.19.3. Products
10.19.4. Recent Developments
10.20. Onnyx Electronisys Pvt. Ltd.
10.20.1. Company Overview
10.20.2. Financials
10.20.3. Products
10.20.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Component (USD MN)
- Hardware (Infrastructure) Market by Geography (USD MN)
- Software Market by Geography (USD MN)
- Service Market by Geography (USD MN)
- Analysis Market by Application (USD MN)
- Urban (Cities) Market by Geography (USD MN)
- Highways Market by Geography (USD MN)
- Global Adaptive Traffic Control System Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Adaptive Traffic Control System Report
- Market Research Process
- Market Research Methodology
- Global Adaptive Traffic Control System Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Component
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Component (USD MN)
- Hardware (Infrastructure) Market by Geography (USD MN)
- Software Market by Geography (USD MN)
- Service Market by Geography (USD MN)
- Global Market Analysis by Application (USD MN)
- Urban (Cities) Market by Geography (USD MN)
- Highways Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments