US Traffic Signal Controller Market Research Report Forecast to 2030

As per WGR, the US traffic signal controller Market has been growing significantly over the past few years. It is expected to reach USD 1,178.24 Million by 2030, at a CAGR of 5.2% during the forecast period, 2022-2030.

The traffic signal controller market in the US has been growing steadily over the past few years, driven by factors such as increasing urbanization, growing population, and government initiatives to improve traffic flow and reduce congestion. As more people move to cities and urban areas, traffic congestion becomes a major issue. Traffic signal controllers are essential for managing traffic flow and reducing congestion in urban areas. The US population is projected to continue growing over the coming years, which will increase the number of vehicles on the road. Traffic signal controllers are necessary to handle the increased traffic volume. Federal, state, and local governments have been investing in traffic management systems to improve safety and efficiency on roads. Traffic signal controllers are a critical component of these systems. Traffic signal controllers have been evolving rapidly, with advancements in areas such as sensors, communication technologies, and data analytics. These advancements have made traffic signal controllers more effective and efficient, driving demand for new installations and upgrades. Traffic congestion not only causes inconvenience but also contributes to air pollution and greenhouse gas emissions. By improving traffic flow, traffic signal controllers can help reduce emissions and improve air quality. This is an important factor driving government and public interest in traffic signal controller systems.

Market Segmentation

The US Traffic signal controller Market has been segmented based on Type, and Application. The US Traffic signal controller market, in this report, has been segmented based on Type into Standard controller and Smart Controller. The Standard Controller segment accounted for the largest market share with a market value of USD 488.6 Million in 2021, which is projected to grow at a CAGR of 4.5% during the forecast period. However, the Smart Controller is expected to grow at the highest CAGR of 6.3%.The US Traffic signal controller market, in this report, has been segmented on the basis of Application into Urban and Suburban. Urban accounted for the largest market share with a market value of USD 603.5 Million in 2021, which is projected to grow at a CAGR of 4.7% % during the forecast period.

Major Players

The key market players include Siemens Mobility, Cubic Transportation Systems, Inc., Swarco McCain, Inc., Econolite, and Others.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 RAPID URBANIZATION COUPLED WITH URBAN TRAFFIC CONGESTION
- 4.2.2 INCREASED GOVERNMENT INITIATIVES FOR TRAFFIC MANAGEMENT SYSTEM TO BOOST MARKET GROWTH
- 4.2.3 INCREASED DEMAND FOR EFFICIENT ROAD NETWORKS AROUND THE REGION TO PROPEL MARKET GROWTH
- 4.2.4 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 ABSENCE OF UNIFORM AND STANDARDIZED TECHNOLOGIES
- 4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
- 4.4.1 ADOPTION OF SMART CITY PROJECTS WORLDWIDE
- 4.4.2 GROWING SMART TRANSPORTATION AND TECHNOLOGICAL ADVANCEMENTS
4.5 IMPACT OF COVID-19 ON US ECONOMY
4.6 SUPPLY CHAIN IMPACT

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 R&D
- 5.1.2 MANUFACTURING
- 5.1.3 DISTRIBUTION & SALES
- 5.1.4 POST-SALES MONITORING
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY

6 US TRAFFIC SIGNAL CONTROLLER MARKET, BY TYPE

6.1 OVERVIEW
- 6.1.1 US TRAFFIC SIGNAL CONTROLLER MARKET, BY TYPE, 2019-2030 (USD MILLION)
6.2 STANDARD CONTROLLER
6.3 SMART CONTROLLER

7 US TRAFFIC SIGNAL CONTROLLER MARKET, BY APPLICATION

7.1 OVERVIEW
- 7.1.1 US TRAFFIC SIGNAL CONTROLLER MARKET, BY APPLICATION, 2019-2030 (USD MILLION)
7.2 URBAN
7.3 SUBURBAN

8 COMPETITIVE LANDSCAPE

8.1 COMPETITIVE BENCHMARKING
8.2 VENDOR SHARE ANALYSIS
8.3 RECENT DEVELOPMENTS
- 8.3.1 COLLABORATION,CONTRACT NAND PARTNERSHIP
- 8.3.2 ACQUISITION
- 8.3.3 PRODUCT LAUNCH

9 COMPANY PROFILES

9.1 SIEMENS MOBILITY
- 9.1.1 COMPANY OVERVIEW
- 9.1.2 FINANCIAL OVERVIEW
- 9.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 9.1.4 KEY DEVELOPMENTS
- 9.1.5 SWOT ANALYSIS
- 9.1.6 KEY STRATEGIES
9.2 SWARCO MCCAIN, INC.
- 9.2.1 COMPANY OVERVIEW
- 9.2.2 FINANCIAL OVERVIEW
- 9.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 9.2.4 KEY DEVELOPMENTS
- 9.2.5 SWOT ANALYSIS
- 9.2.6 KEY STRATEGIES

9.3 ECONOLITE
- 9.3.1 COMPANY OVERVIEW
- 9.3.2 FINANCIAL OVERVIEW
- 9.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 9.3.4 KEY DEVELOPMENTS
- 9.3.5 SWOT ANALYSIS
- 9.3.6 KEY STRATEGIES
9.4 CUBIC TRANSPORTATION SYSTEMS, INC.
- 9.4.1 COMPANY OVERVIEW
- 9.4.2 FINANCIAL OVERVIEW
- 9.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 9.4.4 KEY DEVELOPMENTS
- 9.4.5 SWOT ANALYSIS
- 9.4.6 KEY STRATEGIES
9.5 JOHNSON CONTROLS
- 9.5.1 COMPANY OVERVIEW
- 9.5.2 FINANCIAL OVERVIEW
- 9.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 9.5.4 KEY DEVELOPMENTS
- 9.5.5 SWOT ANALYSIS
- 9.5.6 KEY STRATEGIES
9.6 ORIUX
- 9.6.1 COMPANY OVERVIEW
- 9.6.2 FINANCIAL OVERVIEW
- 9.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 9.6.4 KEY DEVELOPMENTS
9.7 SUMITOMO ELECTRIC INDUSTRIES, LTD.
- 9.7.1 COMPANY OVERVIEW
- 9.7.2 FINANCIAL OVERVIEW
- 9.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 9.7.4 KEY DEVELOPMENTS
- 9.7.5 SWOT ANALYSIS
- 9.7.6 KEY STRATEGIES

9.8 KYOSAN ELECTRIC MFG. CO., LTD.
- 9.8.1 COMPANY OVERVIEW
- 9.8.2 FINANCIAL OVERVIEW
- 9.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 9.8.4 KEY DEVELOPMENTS
- 9.8.5 SWOT ANALYSIS
- 9.8.6 KEY STRATEGIES
9.9 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
- 9.9.1 COMPANY OVERVIEW
- 9.9.2 FINANCIAL OVERVIEW
- 9.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 9.9.4 KEY DEVELOPMENTS
- 9.9.5 SWOT ANALYSIS
- 9.9.6 KEY STRATEGIES
9.10 DAHUA TECHNOLOGY CO., LTD
- 9.10.1 COMPANY OVERVIEW
- 9.10.2 FINANCIAL OVERVIEW
- 9.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 9.10.4 KEY DEVELOPMENTS
- 9.10.5 SWOT ANALYSIS
- 9.10.6 KEY STRATEGIES

LIST OF TABLES

TABLE 1 MARKET SYNOPSIS 11
TABLE 2 US TRAFFIC SIGNAL CONTROLLER MARKET, BY TYPE, 2019-2030 (USD MILLION) 32
TABLE 3 US TRAFFIC SIGNAL CONTROLLER MARKET, BY APPLICATION, 2019-2030 (USD MILLION) 34
TABLE 4 COLLABORATION, CONTRACT AND PARTNERSHIP 37
TABLE 5 ACQUISITION 38
TABLE 6 PRODUCT LAUNCH 38
TABLE 7 SIEMENS MOBILITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 41
TABLE 8 SIEMENS MOBILITY: KEY DEVELOPMENTS 43
TABLE 9 SWARCO MCCAIN, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 45
TABLE 10 SWARCO MCCAIN, INC.: KEY DEVELOPMENTS 48
TABLE 11 ECONOLITE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 51
TABLE 12 ECONOLITE: KEY DEVELOPMENTS 51
TABLE 13 CUBIC TRANSPORTATION SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 53
TABLE 14 CUBIC TRANSPORTATION SYSTEMS, INC.: KEY DEVELOPMENTS 54
TABLE 15 JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 56
TABLE 16 ORIUX: PRODUCTS/SOLUTIONS/SERVICES OFFERED 59
TABLE 17 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 62
TABLE 18 KYOSAN ELECTRIC MFG. CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 64
TABLE 19 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 66
TABLE 20 DAHUA TECHNOLOGY CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 69

LIST OF FIGURES

FIGURE 1 US TRAFFIC SIGNAL CONTROLLER MARKET: MARKET STRUCTURE 12
FIGURE 2 BOTTOM-UP AND TOP-DOWN APPROACHES 17
FIGURE 3 DRO ANALYSIS OF US ROAD TRAFFIC SIGNAL CONTROLLER MARKET 20
FIGURE 4 DRIVERS IMPACT ANALYSIS: US ROAD TRAFFIC SIGNAL CONTROLLER MARKET 22
FIGURE 5 RESTRAINTS IMPACT ANALYSIS: US ROAD TRAFFIC SIGNAL CONTROLLER MARKET 23
FIGURE 6 SUPPLY / VALUE CHAIN: US ROAD TRAFFIC SIGNAL CONTROLLER MARKET 27
FIGURE 8 US TRAFFIC SIGNAL CONTROLLER MARKET, BY TYPE, 2021 (% SHARE) 31
FIGURE 9 US TRAFFIC SIGNAL CONTROLLER MARKET, BY TYPE, 2021 VS 2030 (USD MILLION) 31
FIGURE 10 US TRAFFIC SIGNAL CONTROLLER MARKET, BY APPLICATION, 2021 (% SHARE) 33
FIGURE 11 US TRAFFIC SIGNAL CONTROLLER MARKET, BY APPLICATION, 2021 VS 2030 (USD MILLION) 33
FIGURE 12 TRAFFIC SIGNAL CONTROLLER MARKET: COMPETITIVE BENCHMARKING 36
FIGURE 13 VENDOR SHARE ANALYSIS, 2021 (%) 37
FIGURE 14 SIEMENS MOBILITY (SIEMENS AG): FINANCIAL OVERVIEW SNAPSHOT 40
FIGURE 15 SIEMENS MOBILITY: SWOT ANALYSIS 44
FIGURE 16 SWARCO MCCAIN, INC.: SWOT ANALYSIS 48
FIGURE 17 ECONOLITE: SWOT ANALYSIS 52
FIGURE 18 CUBIC TRANSPORTATION SYSTEMS, INC.: SWOT ANALYSIS 54
FIGURE 19 JOHNSON CONTROLS: FINANCIAL OVERVIEW SNAPSHOT 55
FIGURE 20 JOHNSON CONTROLS: SWOT ANALYSIS 56
FIGURE 21 SUMITOMO ELECTRIC INDUSTRIES, LTD. (SUMITOMO CORPORATION): FINANCIAL OVERVIEW SNAPSHOT 61
FIGURE 22 SUMITOMO ELECTRIC INDUSTRIES, LTD.: SWOT ANALYSIS 62
FIGURE 23 KYOSAN ELECTRIC MFG. CO., LTD.: FINANCIAL OVERVIEW SNAPSHOT 63
FIGURE 24 KYOSAN ELECTRIC MFG. CO., LTD.: SWOT ANALYSIS 64
FIGURE 25 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: FINANCIAL OVERVIEW SNAPSHOT 66
FIGURE 26 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: SWOT ANALYSIS 67
FIGURE 27 DAHUA TECHNOLOGY CO., LTD: FINANCIAL OVERVIEW SNAPSHOT 68
FIGURE 28 DAHUA TECHNOLOGY CO., LTD: SWOT ANALYSIS 70