PUBLISHER: KBV Research | PRODUCT CODE: 1395849
PUBLISHER: KBV Research | PRODUCT CODE: 1395849
North America Traffic Signal Controller Market Size, Share & Industry Trends Analysis Report By Product Type (Standard Controller and Smart Controller), By Application (Urban and Suburbs), By Country and Growth Forecast, 2023 - 2030
The North America Traffic Signal Controller Market would witness market growth of 13.9% CAGR during the forecast period (2023-2030).
In the dynamic landscape of urban infrastructure, the traffic signal controller market plays a pivotal role in shaping traffic flow efficiency, safety, and organization. As cities and urban areas expand, adopting advanced traffic control systems becomes increasingly imperative to manage the intricate web of vehicular and pedestrian movements. Traffic controller signals, often synonymous with traffic lights, serve as the cornerstone of intelligent transportation systems, contributing to the seamless functioning of road networks and enhancing overall urban mobility.
Additionally, the relentless pace of urbanization has led to a surge in vehicular traffic, necessitating sophisticated traffic management solutions. Traffic controller signals have become ubiquitous in urban landscapes, symbolizing the adoption of technology to regulate traffic efficiently. Traffic controller signals are at the forefront of these initiatives, harnessing connectivity and data-driven insights to optimize traffic patterns, reduce congestion, and enhance overall urban living experiences. Rising population densities in urban areas have given rise to complex challenges related to traffic congestion, safety, and environmental impact. Adopting traffic controller signals is a strategic response to these challenges, offering a systematic and regulated approach to managing vehicular and pedestrian movements.
Moreover, at the heart of traffic control, traffic controller signals manage intersections by orchestrating the orderly movement of vehicles and pedestrians. The sequencing of signal phases, including green, yellow, and red lights, optimizes the flow of traffic, minimizes conflicts, and reduces the likelihood of accidents. Traffic controller signals operate on predefined signal phases, including green, yellow, and red lights. These phases are carefully coordinated to facilitate the sequential movement of vehicles through an intersection. Traffic controller signals optimize traffic flow through intersections by orchestrating the timing of signal phases. This coordination minimizes disruptions and reduces the likelihood of conflicts between vehicles moving in different directions.
As per the data from Statistics Canada, in 2021, nearly three in four Canadians (73.7%) lived in one of Canada's large urban centers, up from 73.2% five years earlier. These large urban centers with 100,000 or more people, referred to as census metropolitan areas (CMAs), accounted for most of Canada's population growth (+5.2%) from 2016 to 2021. Canada continues to urbanize as large urban centers benefit most from new arrivals. Therefore, growing urbanization in North America will lead to increased vehicle numbers on the road, which will lead to the need for traffic control measures in the region. These factors will pose lucrative growth prospects for the regional market.
The US market dominated the North America Traffic Signal Controller Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,338 Million by 2030. The Canada market is experiencing a CAGR of 16.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 15.5% during (2023 - 2030).
Based on Product Type, the market is segmented into Standard Controller and Smart Controller. Based on Application, the market is segmented into Urban and Suburbs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Johnson Controls International PLC, Sumitomo Electric Industries, Ltd., SWARCO AG, Zhejiang Dahua Technology Co., Ltd., Traffic Technologies Ltd., Aldridge Traffic Controllers Pty Limited, Indra Sistemas, S.A., Econolite Group, Inc., PPK Technology Sdn. Bhd.
Scope of the Study
Market Segments covered in the Report:
By Product Type
- Standard Controller
- Smart Controller
By Application
- Urban
- Suburbs
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Siemens AG
- Johnson Controls International PLC
- Sumitomo Electric Industries, Ltd.
- SWARCO AG
- Zhejiang Dahua Technology Co., Ltd.
- Traffic Technologies Ltd.
- Aldridge Traffic Controllers Pty Limited
- Indra Sistemas, S.A.
- Econolite Group, Inc.
- PPK Technology Sdn. Bhd.
Unique Offerings from KBV Research
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Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Traffic Signal Controller Market, by Product Type
- 1.4.2 North America Traffic Signal Controller Market, by Application
- 1.4.3 North America Traffic Signal Controller Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter Five Forces Analysis
Chapter 4. North America Traffic Signal Controller Market by Product Type
- 4.1 North America Standard Controller Market by Country
- 4.2 North America Smart Controller Market by Country
Chapter 5. North America Traffic Signal Controller Market by Application
- 5.1 North America Urban Market by Country
- 5.2 North America Suburbs Market by Country
Chapter 6. North America Traffic Signal Controller Market by Country
- 6.1 US Traffic Signal Controller Market
- 6.1.1 US Traffic Signal Controller Market by Product Type
- 6.1.2 US Traffic Signal Controller Market by Application
- 6.2 Canada Traffic Signal Controller Market
- 6.2.1 Canada Traffic Signal Controller Market by Product Type
- 6.2.2 Canada Traffic Signal Controller Market by Application
- 6.3 Mexico Traffic Signal Controller Market
- 6.3.1 Mexico Traffic Signal Controller Market by Product Type
- 6.3.2 Mexico Traffic Signal Controller Market by Application
- 6.4 Rest of North America Traffic Signal Controller Market
- 6.4.1 Rest of North America Traffic Signal Controller Market by Product Type
- 6.4.2 Rest of North America Traffic Signal Controller Market by Application
Chapter 7. Company Profiles
- 7.1 Siemens AG
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 SWOT Analysis
- 7.2 Johnson Controls International PLC
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental & Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 SWOT Analysis
- 7.3 Sumitomo Electric Industries, Ltd.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
- 7.4 SWARCO AG
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Zhejiang Dahua Technology Co., Ltd.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Regional Analysis
- 7.5.4 Product Development Expenses
- 7.5.5 SWOT Analysis
- 7.6 Traffic Technologies Ltd.
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Regional Analysis
- 7.7 Aldridge Traffic Controllers Pty Limited
- 7.7.1 Company Overview
- 7.8 Indra Sistemas, S.A.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expenses
- 7.9 Econolite Group, Inc.
- 7.9.1 Company Overview
- 7.9.2 Recent strategies and developments:
- 7.9.2.1 Acquisition and Mergers:
- 7.10. PPK Technology Sdn. Bhd.
- 7.10.1 Company Overview
LIST OF TABLES
- TABLE 1 North America Traffic Signal Controller Market, 2019 - 2022, USD Million
- TABLE 2 North America Traffic Signal Controller Market, 2023 - 2030, USD Million
- TABLE 3 North America Traffic Signal Controller Market by Product Type, 2019 - 2022, USD Million
- TABLE 4 North America Traffic Signal Controller Market by Product Type, 2023 - 2030, USD Million
- TABLE 5 North America Standard Controller Market by Country, 2019 - 2022, USD Million
- TABLE 6 North America Standard Controller Market by Country, 2023 - 2030, USD Million
- TABLE 7 North America Smart Controller Market by Country, 2019 - 2022, USD Million
- TABLE 8 North America Smart Controller Market by Country, 2023 - 2030, USD Million
- TABLE 9 North America Traffic Signal Controller Market by Application, 2019 - 2022, USD Million
- TABLE 10 North America Traffic Signal Controller Market by Application, 2023 - 2030, USD Million
- TABLE 11 North America Urban Market by Country, 2019 - 2022, USD Million
- TABLE 12 North America Urban Market by Country, 2023 - 2030, USD Million
- TABLE 13 North America Suburbs Market by Country, 2019 - 2022, USD Million
- TABLE 14 North America Suburbs Market by Country, 2023 - 2030, USD Million
- TABLE 15 North America Traffic Signal Controller Market by Country, 2019 - 2022, USD Million
- TABLE 16 North America Traffic Signal Controller Market by Country, 2023 - 2030, USD Million
- TABLE 17 US Traffic Signal Controller Market, 2019 - 2022, USD Million
- TABLE 18 US Traffic Signal Controller Market, 2023 - 2030, USD Million
- TABLE 19 US Traffic Signal Controller Market by Product Type, 2019 - 2022, USD Million
- TABLE 20 US Traffic Signal Controller Market by Product Type, 2023 - 2030, USD Million
- TABLE 21 US Traffic Signal Controller Market by Application, 2019 - 2022, USD Million
- TABLE 22 US Traffic Signal Controller Market by Application, 2023 - 2030, USD Million
- TABLE 23 Canada Traffic Signal Controller Market, 2019 - 2022, USD Million
- TABLE 24 Canada Traffic Signal Controller Market, 2023 - 2030, USD Million
- TABLE 25 Canada Traffic Signal Controller Market by Product Type, 2019 - 2022, USD Million
- TABLE 26 Canada Traffic Signal Controller Market by Product Type, 2023 - 2030, USD Million
- TABLE 27 Canada Traffic Signal Controller Market by Application, 2019 - 2022, USD Million
- TABLE 28 Canada Traffic Signal Controller Market by Application, 2023 - 2030, USD Million
- TABLE 29 Mexico Traffic Signal Controller Market, 2019 - 2022, USD Million
- TABLE 30 Mexico Traffic Signal Controller Market, 2023 - 2030, USD Million
- TABLE 31 Mexico Traffic Signal Controller Market by Product Type, 2019 - 2022, USD Million
- TABLE 32 Mexico Traffic Signal Controller Market by Product Type, 2023 - 2030, USD Million
- TABLE 33 Mexico Traffic Signal Controller Market by Application, 2019 - 2022, USD Million
- TABLE 34 Mexico Traffic Signal Controller Market by Application, 2023 - 2030, USD Million
- TABLE 35 Rest of North America Traffic Signal Controller Market, 2019 - 2022, USD Million
- TABLE 36 Rest of North America Traffic Signal Controller Market, 2023 - 2030, USD Million
- TABLE 37 Rest of North America Traffic Signal Controller Market by Product Type, 2019 - 2022, USD Million
- TABLE 38 Rest of North America Traffic Signal Controller Market by Product Type, 2023 - 2030, USD Million
- TABLE 39 Rest of North America Traffic Signal Controller Market by Application, 2019 - 2022, USD Million
- TABLE 40 Rest of North America Traffic Signal Controller Market by Application, 2023 - 2030, USD Million
- TABLE 41 Key Information - Siemens AG
- TABLE 42 Key Information - Johnson Controls International PLC
- TABLE 43 Key Information - Sumitomo Electric Industries, Ltd.
- TABLE 44 Key Information - SWARCO AG
- TABLE 45 Key Information - Zhejiang Dahua Technology Co., Ltd.
- TABLE 46 Key Information - Traffic Technologies Ltd.
- TABLE 47 Key Information - Aldridge Traffic Controllers Pty Limited
- TABLE 48 Key Information - Indra Sistemas, S.A.
- TABLE 49 Key Information - Econolite Group, Inc.
- TABLE 50 Key Information - PPK Technology Sdn. Bhd.
