Traffic Signal Controller Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.97 Billion |
| Market Size (2029) | USD 4.10 Billion |
| CAGR (2024 - 2029) | 11.42 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Traffic Signal Controller Market Analysis
The Traffic Signal Controller Market size is estimated at USD 2.97 billion in 2024, and is expected to reach USD 4.10 billion by 2029, growing at a CAGR of 11.42% during the forecast period (2024-2029).
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Traffic Signal Controller Market Trends
Adaptive Controller Segment Expected to Lead the Market
- The adaptive controller segment of the market is anticipated to register the highest CAGR during the forecast period, attributed to its increasing popularity globally in improving urban mobility solutions and preventing road fatalities. The adaptive controller solution assists in adapting to traffic light controls based on information collected from sensors, edge devices, and video systems.
- Interval and Phase controllers are extensively in use in emerging nations such as India, which provide a continuous phase for red/yellow/green for every signal. These systems lack the capability of garnering real-time data to effectively help in managing traffic congestion. Therefore, at various intersections, traffic personnel are deployed to manage the growing traffic congestion, which adds to the financial burden of the government. Hence, municipalities across the world are strategizing to adapt to adaptive controller systems to enhance citizens' mobility experience.
- In August 2022, the state government of Hessen (Germany), through the Starke Heimat Hessen (Strong Homeland Hessen) program, announced funding of 2.28 million euros (USD 2.50 Million) for a smart project that aims to use a host of traffic data that is updated in real-time about the traffic concentration in the city. The data would then help first responders navigate the hectic urban environment to get to emergencies within a 10-minute time frame.
- Further, various companies are engaging in developing novel technology to address the issue of traffic congestion all over the world by innovating smart traffic controller solutions. For instance, in April 2023, Derq, a company based out of Canada, announced the development of an AI-based smart road technology that integrates with traffic lights and intersection infrastructure to help avoid collisions between vehicles and pedestrians. The platform helps collect information from existing infrastructure and uses cameras and radar to track the movement of vehicles through an intersection.
- With the increasing demand for sustainable mobility solutions, governments across the globe will invest hefty sums in implementing advanced traffic signal controller systems, which, in turn, would lead to the growth of the adaptive controller segment in the coming years.
Asia-Pacific to Witness Significant Growth
- The Asia-Pacific region is expected to witness surging growth during the forecast period attributed to the rampant urbanization and increase in on-road vehicular fleets in recent years.
- The degree of urbanization in China stood at 65.2% in 2022, compared to 58.84% in 2016. With rapid urbanization in emerging economies in the Asia-Pacific region, there exists a greater demand for availing private transportation mediums, thereby leading to increased traffic congestion. TomTom Traffic Index Ranking 2022 placed Bengaluru (India) as the second-most congested city in the world, wherein drivers take an average of 29 minutes and 10 seconds to traverse 10km in the city.
- Excessive traffic congestion in these regions is leading to the government's framing policies and encouraging the adoption of advanced traffic signal controllers to ensure the smooth operation of urban mobility for its citizens. In March 2022, the Karnataka Road Corporation Limited in India floated a tender for the AI-based upgradation of 165 traffic signals. As per the tender floated, the bidder is responsible for providing the commissioning and synchronization of the new adaptive traffic control system at 29 locations.
- Further, in February 2023, Patna Smart City Limited introduced its state-of-the-art adaptive traffic control systems to facilitate the effective management of traffic and ensure increasing consumer safety.
- Coupled with the higher adoption of adaptive traffic control systems across the Asia-Pacific region, the increasing focus on smart city projects and investments in road infrastructure projects further propel the growth of the traffic signal controller market. For instance, in May 2023, South Korea and Saudi Arabia announced the launch of a high-profile bilateral program, 'Saudi-Korean tour' - to showcase bilateral investment opportunities in transport and logistics services.
Traffic Signal Controller Industry Overview
Key players operating in the global market include Siemens, Aldridge Traffic Controllers (ATC), Econolite, Johnson Controls, Sumitomo Electric Industries, SWARCO, Hikvision, JARI Electronics, Hisense TransTech, KYOSAN, and FAMA Traffic, among others.
The traffic signal controller market is highly competitive, with the presence of various international and domestic manufacturers all across the world. Companies operating in the market are heavily focused on differentiating their product offerings by constantly integrating innovative technology such as artificial intelligence and IoT sensors, among others.
In June 2023, Yunex Traffic announced the launch of the Plus+ Advantage solution that allows complex signalized traffic intersection schemes to be delivered without the need for a separate temporary traffic management solution. The company claims that the new solution launched would assist in significantly reducing cost, carbon emissions, time, and disruption to users.
In March 2023, VivaCity announced the launch of its flagship signaling solution, Smart Signal Control: AI for Detection, to integrate VivaCity's highly accurate multimodal road user data into existing urban traffic control (UTC) systems.
Traffic Signal Controller Market Leaders
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Siemens
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Aldridge Traffic Controllers (ATC)
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Econolite
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Johnson Controls
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Sumitomo Electric Industries
*Disclaimer: Major Players sorted in no particular order
Traffic Signal Controller Market News
- June 2023: The US National Electrical Manufacturer Association (NEMA) announced the commencement of a panel discussion with major traffic signal controller manufacturers in North America: Q-Free, Yunex Traffic, Cubic, Oriux, Econolite, and Swarco McCainat at the International Municipal Signal Association (IMSA) 2023. The objective of the panel is to discuss proficient ways to safeguard intersection controllers while creating a secure network capable of handling the growing demand for data sharing and connectivity.
- June 2023: Q-Free showcased its flagship AI-enabled ARM processor for use in advanced transportation controllers (ATCs) at the IMSA Forum and Expo 2023 in Reno, Nevada. With the help of the new processor developed, the company aims to be the first traffic signal controller in North America to run exclusively on modern ARM-based architecture and the industry's first AI-enabled signal controller.
- April 2023: Yunex Traffic announced the launch of its Yutraffic Blade Advanced Traffic Controller Platform in the US market, which is equipped with a dual-core processor to simplify complex intersection management and assist in consolidating traffic solutions into a single platform.
Traffic Signal Controller Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Increasing Traffic Congestion due to Urbanization
- 4.1.2 Others
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4.2 Market Restraints
- 4.2.1 High Cost of Installation and Maintenance
- 4.2.2 Others
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value - USD Billion)
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5.1 By Product Type
- 5.1.1 Interval Controller
- 5.1.2 Phase Controller
- 5.1.3 Adaptive Controller
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5.2 By Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.1.3 Rest of North America
- 5.2.2 Europe
- 5.2.2.1 United Kingdom
- 5.2.2.2 Germany
- 5.2.2.3 France
- 5.2.2.4 Spain
- 5.2.2.5 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 India
- 5.2.3.3 Japan
- 5.2.3.4 South Korea
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 Rest of the World
- 5.2.4.1 South America
- 5.2.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles*
- 6.2.1 Siemens
- 6.2.2 Aldridge Traffic Controllers (ATC)
- 6.2.3 Econolite
- 6.2.4 Johnson Controls
- 6.2.5 Sumitomo Electric Industries
- 6.2.6 SWARCO
- 6.2.7 Hikvision
- 6.2.8 JARI Electronics
- 6.2.9 Hisense TransTech
- 6.2.10 KYOSAN
- 6.2.11 FAMA Traffic
- 6.2.12 Dynamic Traffic System
- 6.2.13 Duolun Technology
- 6.2.14 Cubic
- 6.2.15 Q-Free
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing use of Smart Transportation Systems
- 7.2 Others
Traffic Signal Controller Industry Segmentation
A traffic signal controller refers to an automated system that regulates the sequence and timing of traffic lights by monitoring the demand of automobiles and pedestrians. These controllers use sensors and timers to determine when to change the traffic light, allowing for smooth movement of vehicles through the intersections and helping to reduce traffic congestion, improve safety, and increase the overall efficiency of the transportation network.
The market is segmented into product type and geography. By product type, the market is segmented into interval controllers, phase controllers, and adaptive controllers. By geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
For each segment, the market sizing and forecast have been done based on value (USD).
| By Product Type | Interval Controller | |
| Phase Controller | ||
| Adaptive Controller | ||
| By Geography | North America | United States |
| Canada | ||
| Rest of North America | ||
| By Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Spain | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| By Geography | Rest of the World | South America |
| Middle-East and Africa |
Traffic Signal Controller Market Research Faqs
How big is the Traffic Signal Controller Market?
The Traffic Signal Controller Market size is expected to reach USD 2.97 billion in 2024 and grow at a CAGR of 11.42% to reach USD 4.10 billion by 2029.
What is the current Traffic Signal Controller Market size?
In 2024, the Traffic Signal Controller Market size is expected to reach USD 2.97 billion.
Who are the key players in Traffic Signal Controller Market?
Siemens, Aldridge Traffic Controllers (ATC), Econolite, Johnson Controls and Sumitomo Electric Industries are the major companies operating in the Traffic Signal Controller Market.
Which is the fastest growing region in Traffic Signal Controller Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Traffic Signal Controller Market?
In 2024, the North America accounts for the largest market share in Traffic Signal Controller Market.
What years does this Traffic Signal Controller Market cover, and what was the market size in 2023?
In 2023, the Traffic Signal Controller Market size was estimated at USD 2.63 billion. The report covers the Traffic Signal Controller Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Traffic Signal Controller Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Traffic Signal Controller Industry Report
Statistics for the 2024 Traffic Signal Controller market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Traffic Signal Controller analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
