Top 10 Traffic Signal Controller Companies of 2023: Key Statistics and Facts

 

Overview

An intersection's vehicle and pedestrian flow is regulated by a network of electronically or mechanically controlled traffic lights called a traffic signal control system. The global traffic signal controller market size is expected to grow from USD 4.85 billion in 2023 to USD 15.15 billion by 2033, at a CAGR of 12.06% during the forecast period 2023-2033. A digitized decoder screen drive circuit, clock signal generator, timer, control circuit, vehicle detection devices, and a decoder drive circuit are the fundamental parts of a traffic signal control system. Together, these allow for the detection of traffic and the transmission of data to the main controller, which in turn controls the traffic lights.

 

Advancements in the Traffic Signal Controller Industry

The global market comprises some of the leading companies in the traffic signal controller industry, such as Siemens AG, Sumitomo Electric Mfg Co, Econolite Group Inc., and Johnson Controls. These companies provide a variety of offerings and services, ranging from basic signal controllers to sophisticated technology using artificial intelligence and other technologies. For instance, in April 2022, Traffic Technology Ltd. (TTL) has reached an agreement to supply hardware and software technology to Qatar to enhance traffic control's dependability and efficacy during the FIFA World Cup Qatar 2022.

 

Government Initiatives and Regional Market Expansion

• At Goa (India), a new traffic control system driven by AI was just introduced. The technology can assist state authorities with signal control, security, and challan issuance. When a violation is detected by the technology, an e-challan is sent to the violator's home automatically.  Chief Minister Pramod Sawant claims that this is Goa's first AI-enabled signal. He said that by keeping an eye on traffic and assisting with security, the device will also help traffic cops.

 

• The USDOT's Improving Mobility and Revolutionizing Transportation (SMART) initiative has given over $50 million to 34 technology demonstration programs nationwide, of which Bellevue's grant is a part. The program was created following President Biden's Bipartisan Infrastructure Law and is intended to assist governments in utilizing technological advancements to develop transportation networks that are safer, more inventive, and more efficient.

 

• It is projected that during the forecast period, Asia Pacific will grow at the fastest rate. The population of China and India, which together account for over 38% of the world's total, is the primary driver of this region's expansion. The market is anticipated to expand as a result of the growing movement toward linked and autonomous cars, rapid urbanization, and smart cities.

 

Insights and Projections: Global Traffic Signal Controller Market Analysis

The report provides a summary of the global top trends and future prospects for the global traffic signal controller market based on historical data sets (current trends, industry statistics, and emerging trends shaping the traffic signal controller industry’s future, preliminary estimates from 2020-2021, 2022, and 2023), as well as projections for the global traffic signal controller trends and future prospects for global regions in 2024 and 2025. This data-driven research offers users an industry-wide view of emerging technologies and innovative insights to help them make critical business decisions.  

 

Growth Factors and Emerging Trends in the Traffic Signal Controller Industry

 

1. Connected automobiles and their data are transforming traffic control systems.

Traffic management is a big concern for communities, but the introduction of linked cars is expected to change the picture. Connected automobiles have emerged as one of the most rapidly increasing Internet of Things (IoT) technologies, able to share and receive real-time data. In the United Kingdom, where over 30% of inner-city traffic is caused by drivers looking for parking places, the impact of linked vehicles is especially promising. Connected automobiles have cutting-edge technologies that allow for real-time networking and data interchange. These automobiles connect with other vehicles, infrastructure, and pedestrians by utilizing modern sensors, GPS systems, and communication modules. Connected automobiles can transmit critical information about road conditions, traffic patterns, and potential risks using a Vehicle-to-Everything (V2X) connection. This real-time data exchange gives drivers better situational awareness, allowing them to make more proactive decisions and avoid accidents.

 

1. Increasing urbanization and higher levels of traffic on roadways.

With increasing urbanization and traffic intensity on highways, traffic signals are a critical requirement for efficient traffic operation and, eventually, passenger and vehicle safety, necessitating increased controller management.  Due to the proceeding traffic, an intersection controller is in great demand in both big and small crossings for providing safe and smooth road traffic by attempting to conduct roadway traffic management based on the time of day and the level of congestion on the roads and also carrying out advanced road traffic control to eliminate congestion.  The demand for integrated traffic management for eco-friendly mobility is increasing faster than ever, with traffic lights linked to widely used clouds. Conventional traffic management relies on sensors, but modern platforms are cloud-based, and all controllers may be handled from a remote location.

 

Opportunities and Future Prospects in the Traffic Signal Controller Industry

 

1. Increasing the presence of traffic signal controllers in resolving increasing traffic safety issues.

In the upcoming years, the market for traffic signal controllers is anticipated to rise at a rapid pace due to growing concerns about traffic safety. Concerns regarding both human and vehicle safety on roadways are referred to as traffic safety concerns. These worries are related to the potential risks and hazards associated with transportation activities as well as the goal of lowering the number of collisions, injuries, and fatalities. 9,560 individuals died in traffic accidents in the first quarter of 2022, according to preliminary figures of traffic fatalities released by the National Highway Traffic Safety Administration, a US-based government department of transportation. Compared to the 8,935 fatalities expected for the same period in 2021, this indicates a 7% rise. Consequently, the market for traffic signal controllers is being driven by growing concerns about traffic safety.

 

List of Key Companies in the Traffic Signal Controller Industry

1. Siemens AG
2. Aldridge Traffic Controllers (ATC)
3. Econolite
4. Johnson Controls
5. Sumitomo Electric Industries
6. SWARCO
7. Hikvision
8. Sena Traffic Systems Sdn Bhd
9. Trafficware Group Inc
10. QTC Traffic Technology Ltd

 

Top 5 Players in the Traffic Signal Controller Industry

 

1. Siemens AG's

 

Headquarters: Munich, Germany

Siemens AG's U.S. affiliate, Siemens Corporation, is a multinational powerhouse that specializes in electricity production and shipping, distributed power plants and intelligent building infrastructure, as well as automation and digitalization in the engineering and manufacturing industries. The corporation has been innovating and inventing technology to serve the manufacturing, energy, healthcare, and infrastructure sectors of American industry for over 160 years. Siemens USA reported $23.7 billion in sales for the 2018 fiscal year, which included $5 billion in exports. The company employs over 50,000 people in all 50 states as well as Puerto Rico. Additionally, the business offers a broad range of specially designed solutions to meet specific needs. Siemens specializes in decentralized energy systems, digital building infrastructure, and power generation and distribution. In addition to digital healthcare offerings, it offers health care technology and smart mobility solutions for road and rail transportation.

 

2. Aldridge Traffic Controllers

 

Headquarters: Rydalmere, New South Wales.

Aldridge Traffic Controllers (ATC) is a global reseller of the metropolitan traffic control systems SCATS (Sydney Coordinated Adaptive Traffic System). ATC manufactures SCATS-compatible roadway signal control devices for worldwide markets. The organization also offers a wide range of traffic management services, such as traffic signal design, traffic engineering, traffic management consulting services for specification development, and traffic control center management provides SCATS-related services such as design and installation, training, optimization, and site setup.

 

3. Johnson Controls International Plc

 

Headquarters:   Cork, Ireland

Johnson Controls International Plc is a multi-industry and technology corporation. It designs, develops, creates, and installs systems and products for buildings. Johnson Controls also offers data-driven solutions, technical assistance, and advice on energy management. It provides services to clients in the markets for both residential and non-residential buildings. The organization uses a global network of facilities to supply equipment and offer services. Ireland's Cork serves as the home base for Johnson Controls. Johnson Controls is a company that produces, installs and maintains industrial refrigeration units, building management systems, HVAC systems, and fire and security systems. About 45% of revenues are accounted for by commercial HVAC; approximately 40% are accounted for by fire and security; the remaining 15% are made up of residential HVAC, industrial refrigeration, and other solutions. Johnson Controls brought in almost USD27 billion in revenue during the 2023 fiscal year.

 

4. Sumitomo Electric Industries Ltd

 

Headquarters: Osaka, Japan

Sumitomo Electric Industries Ltd produces and markets electrical wires, cables, and other items. Sumitomo Denki Kogyo manufactures electric wires and optical fiber cables. The corporate offices are located in Chuo-ku, Osaka, Japan. The stock of the business is listed in the initial quarter of the Tokyo, Nagoya, and Fukuoka Stock Exchanges. In the period ending March 2021, the firm recorded combined sales of $26.5 billion. The company Sumitomo Electric Industries Ltd. (Sumitomo) develops, produces, markets, and distributes goods in the automotive, industrial materials, electronics, info-communications, environment, and energy sectors. Wiring harnesses, automobile hoses, vehicle electrical equipment, telecommunication cables and equipment, optical and wireless devices, electronic wire goods, flexible printed circuits, and other products are among the company's main product offerings.

 

5. SWARCO

 

Headquarters: Wattens, Austria

SWARCO Holding AG offers solutions related to traffic control. The organization provides parking spaces, transportation services, urban traffic management, and monitoring and prosecution of traffic infractions. The main goal of SWARCO is to enhance quality of life by making travel safer, quicker, more convenient, and less harmful to the environment. The group's future-focused portfolio is enhanced by cooperative systems, e-mobility, infrastructure-to-vehicle communication, and integrated software solutions for the Liveable City.  5,300 traffic professionals are eager to help shape the shift from traditional traffic management to value-added services appropriate for modern travelers, working with all industry stakeholders.

 

Recent Development

 

• In August 2024, Bengaluru has implemented a new adaptive traffic signaling system based on Japanese "MODERATO" technology to lessen traffic congestion by automatically adjusting traffic lights based on real-time data.

 

• In July 2024, the first installation of Indra's SAI system at Texas' Dallas Love Field Airport was accomplished with success. This technology is defined by its quick adoption and execution capabilities, and it will improve automatic surface surveillance with the use of cloud connection and the ADS-B monitoring system.

 

• In March 2024, the US Department of Transportation has granted the City of Bellevue, Washington, a $1.43 million funding to test technologies designed to increase pedestrian safety at crossings.

 

• In February 2024, eco-friendly product lines based on environmentally sound raw materials are introduced by SWARCO in the road marking systems business. Hydroelectricity is being used more and more to power energy-intensive industry operations.

 

• In March 2023, Digital Goa, authorities have been told that a state-of-the-art traffic control system driven by artificial intelligence (AI) has been successfully implemented at the busy Merces junction (Goa) on a trial basis. Beltech AI's intelligent, self-learning system smoothly and flawlessly handled traffic at Goa's busiest intersections.

 

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