2021 Adaptive Traffic Control System Market International Growth Scenario with 17.8% of CAGR by 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 analyzes 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.

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.

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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.

However, the COVID-19 containment measures undertaken by the governments in this region have negatively affected the electronics sector. Although, China is the leading manufacturing country in this region, it is among the worst-hit country along with India, which has ultimately impacted the production of electronics equipment. Further, due the interruption in supply chain and logistics, the procurement rate of various electronics equipment including hardware components of adaptive traffic control system has been quite affected.

Strategic Insights

The players operating in the adaptive traffic control system market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In October 2020, Siemens Mobility intended to acquire SCATS traffic controller provider named Aldridge Traffic Controllers Pty Limited (ATC). The acquisition would allow Siemens Mobility ITS to enhance its core business, gain access to new customers, and expand its footprint.

• In 2017, Trafficware partnered with San Diego-based consultant Urban Systems Associates and Southwest Traffic Systems for building smart city technology. The city of Chula Vista had selected Trafficware’s SynchroGreen adaptive signal technology that allows a “smart signal” intersection to adapt to traffic patterns in actual-time.

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