Adaptive Traffic Control System Market Trends, and Forecast, 2020-2030

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Adaptive Tra몭c Control System Market to Receive Overwhelming Hike in Revenues By 2030 Date: December 23, 2021 Author: Health and Pharma News

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Rise in Traf c Congestion and Number of Accidents in Cities to Fuel Demand The infrastructure development has emerged as one of the primary agendas for governments in several developing and underdeveloped regions. While developed regions continue to leverage new technologies to shape the growth of the futuristic urban towns and cities, the emphasis on the development of smart cities and urban planning systems has witnessed considerable growth in recent years. Moreover, governments around the world are expected to focus on the development of infrastructure that compliments vehicular network– a key parameter that has a strong in uence on the success of a smart city.

Municipalities around the world are increasingly seeking novel ways to

minimize traf c and on-road congestion by implementing intelligent transportation systems, including adaptive traf c control systems– a factor that is expected to fuel the growth of the global adaptive traf c controlFollow system market during the forecast period. A number of players operating in the current adaptive traf c control system market is focusing on designing adaptive traf c control systems that support a range of smart city transportation applications, such as public transport signal priority (TSP), ecodriving supporting, message broadcasting, smart traf c signal control (STSC), and emergency vehicle signal preemption (EVSP). This is another factor that is expected to bolster the global adaptive traf c control system market in the upcoming years.

Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? ag=B&rep_id=73696 At the back of these factors, along with consistent progress made by sensor technology, arti cial intelligence (AI), and machine learning, the global adaptive traf c control system market is on the course to surpass the market value of US$ 21.9 Bn by the end of 2030.

Market Players Focus on Tackling Clogged Roads; Uptake of Adaptive Traf c Control Systems Rising With exponential rise in the global population coupled with the swelling number of automobiles worldwide, clogged roads, humongous trails of vehicles, and congested roads continue to pose as a major problem for the stakeholders involved in the urban planning space. Governments and municipality corporations in various regions of the world are seeking new ways to respond to the rising number of road accidents and tackling road congestion due to which, adaptive traf c control systems have attracted considerable interest in recent years as a viable alternative to address the existing set of challenges.

Players involved in the current adaptive traf c control system market landscape are increasingly focusing on integrating the recently developed communication technologies with the cutting-edge arti cial intelligence (AI) technology to increase the adoption of adaptive traf c control systems.

Although a large share of the global population have pinned their hopes on self-driving cars to solve existing problems related to traf c and road congestion, the technology is likely to make a noteworthy impact after a couple of decades, which leaves enough room for immediate improvement.

The recent progress in traf c control techniques have led to the formation of exible control strategies that offer immense promise in an adaptive traf c control system– a factor that is anticipated to drive the adaptive traf c control system market during the assessment period.

COVID-19 Pandemic to Hinder Market Growth The outbreak of the COVID-19 pandemic is expected to hinder the growth of the global adaptive traf c control system market in 2020. While governments around the world continue to focus on addressing the challenges linked with the COVID-19 pandemic, investments toward infrastructure development projects are anticipated to remain low worldwide. Moreover, due to stringent lockdown measures and temporary shutdown of industries in the rst two quarters of 2020, the supply chain of raw materials has been largely affected due to which, the delivery of various components and completion of adaptive traf c control system projects have been delayed.

Analysts’ Viewpoint The global adaptive traf c control system market is expected to expand at an impressive CAGR of ~18% during the forecast period. The market growth can be primarily attributed to factors, including surge in the number of vehicles in urban cities, increase in problems related to traf c congestion, rise in the number of road accidents worldwide, and growth in usage of novel technologies, including arti cial intelligence and machine learning. Market players should focus on addressing

intelligence and machine learning. Market players should focus on addressing supply chain issues put forth by the COVID-19 pandemic and tap into opportunities in developing regions of the world to strengthen their position in the market.

Adaptive Traf c Control System Market: Overview According to a latest research report on the global adaptive traf c control system market published by Transparency Market Research, for the historical period 2018–2019 and the forecast period 2020–2030, growing government initiatives for deployment of smart traf c technologies, and integration of arti cial intelligence and machine learning in the transportation sector are expected to boost the global adaptive traf c control system market during the forecast period Technologies continue to emerge, and advanced traf c management systems offering high productivity and enhanced performance are expected to keep developing, which is expected to fuel the growth of the adaptive traf c control system market In terms of revenue, the global adaptive traf c control system market is estimated to exceed value of US$ 21.9 Bn by 2030, expanding at a CAGR of ~18% during the forecast period Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php? rep_id=73696&ltype=S Advancements in Technology in Transportation Sector Rising adoption of advanced technology by players has resulted in the development of advanced traf c control system equipment as well as software to provide better capabilities and highly improved performances Technologies integrated in the adaptive traf c control system include arti cial intelligence, machine learning, wireless charging sensors, weather monitoring solutions, ITS for connected vehicles, IoT-based ITS, and IoT for

monitoring solutions, ITS for connected vehicles, IoT-based ITS, and IoT for autonomous vehicles, among others Adaptive Traf c Control System Market: Competition Landscape Detailed pro les of providers of adaptive traf c control systems have been provided in the report to evaluate their nancials, key product offerings, recent developments, and strategies Key players operating in the global adaptive traf c control system market are IBM Corporation Siemens AG Atkins Group (SNC-Lavalin Group Inc.) Johnson Controls TransCore Atlantic LLC Swarco Holding Kapsch Traf cCom AG Cubic Corporation Aldridge Traf c Controllers Pty Limited Analog & Digital Labs, CMS Computers Limited IntelliVision (Nortek Security & Control LLC.) EFKON India Private Limited Digicon S/A Efftronics Systems Pvt. Ltd. Onnyx Electronisys Pvt. Ltd. SOCIEDAD IBÉRICA DE CONSTRUCCIONES ELÉCTRICAS, S.A.

TMR Latest News Publication: https://www.prnewswire.com/newsreleases/vendors-in-iot-operating-systems-market-bene t-frompenetrating-of-iot-in-healthcare-sector-market-to-clock-cagr-of-38-from2020-to-2030-tmr-301198896.html About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail exible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the uni ed market intelligence engine. Sign Up for a 7 day free trial!

Contact Rohit Bhisey Transparency Market Research USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Blog: https://tmrblog.com/ Follow Us: Twitter | LinkedIn

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