1. Market Research
  2. > Transportation
  3. > Road Transport Market Trends
Adaptive Traffic Control System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component, Type, and Application [Highways and Urban ], Geography

Adaptive Traffic Control System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component, Type, and Application [Highways and Urban ], Geography

  • March 2021
  • 161 pages
  • ID: 6063373
  • Format: PDF
  • The Insight Partners
Up to $1710 off Until May 10th 2021

Summary

Table of Contents

Search Inside

The adaptive traffic control system market was valued at US$ 4,307.45 million in 2020 and is projected to reach US$ 15,058.53 million by 2028; it is expected to grow at a CAGR of 17.8% from 2021 to 2028.

Adaptive traffic control system is a solution designed and developed to manage the growing traffic issues faced by the metropolitan cities.The adaptive traffic control system analyses the flow of traffic in real-time and accordingly adjust the traffic signals’ split timings to optimize the flow of the traffic in order reduce and avoid congestions on the road.

The adaptive traffic control system is combination of hardware and software components which allows operators to gather data regarding the flow of traffic from each intersection of the city in order to minimize delays and stops. The system improves the travel time significantly by gradually moving the traffic through green lights to create smoother flow of traffic.

With the increasing rate of urbanization coupled with the growing sales of automotive vehicles across the world has led to the growing need for managing the flow traffic efficiently, which is one of the major factors driving the adoption of adaptive traffic control system across the world.However, the lack of adoption of adaptive traffic control system in certain developing and underdeveloped countries is hampering the growth of the market.

Meanwhile, as government across the world are investing highly in smart city project coupled with the growing importance of road safety is anticipated to flourish the adaptive traffic control system during the forecast period.

The adaptive traffic control system market is segmented based on component, type, application, and geography.Based on component, the adaptive traffic control system market is segmented into hardware, software, and service.

In 2020, the software segment accounted for a significant share in the global adaptive traffic control system market.Based on type, the market is segmented into SCATS, SCOOT, RHODES, and OPAC.

In 2020, the SCATS segment accounted for a significant share in the global adaptive traffic control system market.Based on application, the market is segmented into urban (cities) and highways.

In 2020, the urban (cities) segment accounted for a significant share in the global adaptive traffic control system market. Based on geography, the adaptive traffic control system market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2020, the North America region accounted for a significant share in the global adaptive traffic control system market.

The outbreak of the COVID-19 has severely disrupted the supply chain and manufacturing of electronics equipment including the hardware component of adaptive traffic control system.The outbreak of COVID-19 across the globe has led to lockdown scenarios, which, in turn has led the industry experts to analyze that the industry would face at least a quarter of lag in electronics equipment supply chain.

This disruption is expected to create tremors through till mid-2021.The electronics equipment industry is likely to pick up pace sooner as governments across the globe lifted the various containment measure steadily in order to revive the economy.

The production of the electronics equipment is anticipated to gain pace from 2021, which is further foreseen to positively influence the electronics equipment manufacturing including hardware components of adaptive traffic control system.

The overall adaptive traffic control system market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the adaptive traffic control system market with respect to all the segments.It also provides the overview and forecast for the global adaptive traffic control system market based on all the segmentation provided with respect to five major regions—North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the adaptive traffic control system market.

A few major players operating in the global adaptive traffic control system market are Aldridge Traffic Controllers Pty Limited (ATC); Cubic Corporation (Trafficware); Digicon; EFKON India Pvt. Ltd.; Efftronics Systems Pvt. Ltd.; Johnson Controls, Inc.; Kapsch TrafficCom AG; Onnyx Electronisys Pvt. Ltd.; TrafikSol ITS Technologies Pvt. Ltd; and SWARCO AG.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

$4550

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Marking Materials Market - Global Outlook and Forecast 2020-2025

  • $ 3500
  • December 2020
  • 200 pages

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Marking Materials Market Report The global marking materials market is expected to grow at a CAGR of ove ...

  • World
  • Transportation
  • Road Infrastructure
  • Industry analysis
  • Number Of Airports
  • Gross Domestic Product

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on