Asia Pacific Adaptive Traffic Control System Market Forecast to 2030
Asia Pacific Adaptive Traffic Control System Market Forecast to 2030 – Regional Analysis – by Type (Hardware, Software, and Services), Component (OPAC, SCOOT, RHODES, and SCATS), and Application [Highways and Urban (Cities)]
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Description
Development of Smart Cities Fuels Asia Pacific Adaptive Traffic Control System Market
Increasing demand for strong connectivity and developed infrastructure is raising investments in developing smart cities. Smart cities are technologically advanced urban areas which integrate a variety of sensors and electronic solutions which can help to gather data and utilize it for the betterment of the locality. In November 2021, the government of India announced its plan to invest ~US$ 700 billion in its smart city ramp-up plan during 2021–2031. Under this investment, the government will boost its urban infrastructure services, including urban mobility, affordable housing, and water security. Thus, the growing investments by governments in developing smart cities will provide long-term traffic management plans to optimize transportation logistics and reduce congestion, which is expected to raise the demand for adaptive traffic control systems globally.
It is also seen that along with smart cities, various countries are investing in developing smart roadways to provide a safe vehicle commute. Different types of sensors and hardware are deployed in smart roadways which helps to collect multivariate data that can be further used for traffic monitoring. This data can also be shared with vehicles traveling on the road, helping them to make informed decisions. In addition, vehicle manufacturers are also making IoT-enabled vehicles with sensors and devices that can help them gather various data. This vehicle data can be utilized to understand the congestion level at specific road sections, which can be further help to determine the average number of vehicles present at a specific point, and further estimate the traveling time for a vehicle. Based on such data, traffic on different lanes can be maintained, congestion can be predicted and avoided promptly, and the commuting time in urban areas can be lowered by 15–20%. Hence, the growing development of smart cities and increasing adoption smart roadways will provide lucrative opportunities for the growth of the Asia Pacific adaptive traffic control system market during the forecast period.
Asia Pacific Adaptive Traffic Control System Market Overview
The Asia Pacific adaptive traffic control system market is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. China and India are continuously witnessing population growth, which is creating the need for the construction of roads and highways to efficiently reduce traffic congestion. For instance, in June 2022, the government of China announced its plan to launch 120 new expressways and ordinary national and provincial highway projects, which will cover more than 3,600 km. A total investment of US$ 27.20 billion (182 billion yuan) by the government will be made on these projects. Moreover, rapid urbanization is increasing traffic congestion in the region, specifically in developing countries. According to the United Nations Organization, in 2020, New Delhi and Shanghai had 29 million and 26 million inhabitants, respectively. In addition, the cities such as Mumbai, Beijing, and Dhaka all recorded ~20 million inhabitants in 2020. This growing urban population is raising the need for the installation of superior traffic management solutions to further minimize pollution, which is expected to drive the growth of the Asia Pacific adaptive traffic control system market in the region during the forecast period.
Asia Pacific Adaptive Traffic Control System Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Adaptive Traffic Control System Market Segmentation
The Asia Pacific adaptive traffic control system market is segmented into type, component, application, and country.
Based on type, the Asia Pacific adaptive traffic control system market is segmented into hardware, software, and services. The software segment accounted the largest share of the Asia Pacific adaptive traffic control system market in 2022.
Based on component, the Asia Pacific adaptive traffic control system market is divided into OPAC, SCOOT, RHODES, and SCATS. The SCATS segment held the largest share of the Asia Pacific adaptive traffic control system market in 2022.
Based on application, the Asia Pacific adaptive traffic control system market is bifurcated into highways and urban (cities). The urban (cities) segment accounted a larger share of the Asia Pacific adaptive traffic control system market in 2022.
Based on country, the Asia Pacific adaptive traffic control system market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific adaptive traffic control system market in 2022.
Aldridge Traffic Controllers Pty Ltd, Efftronics Systems Pvt Ltd, Trafiksol ITS Technologies Pvt Ltd, Kapsch TrafficCom AG, EFKON India Pvt. Ltd., Johnson Controls International Plc, and Q-Free ASA are some of the leading companies operating in the Asia Pacific adaptive traffic control system market.
Summary Info
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According to the research team Market research, the Asia Pacific adaptive traffic control system market was valued at US$ 1,149.86 million in 2022 and is expected to reach US$ 5,470.33 million by 2030 registering a CAGR of 21.5% from 2022 to 2030. Increasing urban population and vehicle sales and growing investment in roadway infrastructure are the critical factors attributed to the Asia Pacific adaptive traffic control system market expansion.
The growing adoption of AI in traffic control systems is expected to reshape urban transportation across the world. The use of AI will help to reduce traffic congestion, travel time, and pollution. It will also help law enforcement agencies to penalize the offenders, leading to an improvement in road traffic discipline. Integrating AI technology will help combine smart traffic management systems and AI with cameras installed at intersections to detect and identify vehicles disobeying traffic rules. It will generate real-time alerts at the Central Command Center, thus imposing fines on offenders. The advanced traffic management systems can also effectively understand and predict congestion at a juncture at a specific time point, survey road conditions, predict congestion on a specific stretch of road, alert emergency services in case of an accident, and suggest the driver of an available parking spot. Thus, owing to the above benefits, various countries’ governments are implementing AI-based traffic management systems. In March 2023, the government of India announced the implementation of an AI-powered traffic management system in Goa at Merces junction. The system will help the authorities with signal management, security, and issuing fines. The technology will also automatically detect violations and dispatches an e-challan to the violator’s address. Thus, the growing adoption of AI-based traffic control systems is expected to propel the growth of the Asia Pacific adaptive traffic control system market during the forecast period.
On the contrary, increasing security threats hampers the Asia Pacific adaptive traffic control system market.
Based on type, the Asia Pacific adaptive traffic control system market is segmented into hardware, software, and services. The software segment held 55.7% share of Asia Pacific adaptive traffic control system market in 2022, amassing US$ 639.90 million. It is projected to garner US$ 3,365.73 million by 2030 to expand at 23.1% CAGR during 2022–2030.
Based on component, the Asia Pacific adaptive traffic control system market is divided into OPAC, SCOOT, RHODES, and SCATS. The SCATS segment held 46.1% share of Asia Pacific adaptive traffic control system market in 2022, amassing US$ 530.64 million. It is projected to garner US$ 2,492.83 million by 2030 to expand at 21.3% CAGR during 2022–2030.
Based on application, the Asia Pacific adaptive traffic control system market is bifurcated into highways and urban (cities). The urban (cities) segment held 71.0% share of Asia Pacific adaptive traffic control system market in 2022, amassing US$ 816.65 million. It is projected to garner US$ 4,016.21 million by 2030 to expand at 22.0% CAGR during 2022–2030.
Based on country, the Asia Pacific adaptive traffic control system market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 25.0% share of Asia Pacific adaptive traffic control system market in 2022. It was assessed at US$ 287.43 million in 2022 and is likely to hit US$ 1,506.53 million by 2030 exhibiting a CAGR of 23.0% during 2022–2030.
Key players operating in the Asia Pacific adaptive traffic control system market are Aldridge Traffic Controllers Pty Ltd, Efftronics Systems Pvt Ltd, Trafiksol ITS Technologies Pvt Ltd, Kapsch TrafficCom AG, EFKON India Pvt. Ltd., Johnson Controls International Plc, and Q-Free ASA, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific adaptive traffic control system market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific adaptive traffic control system market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Adaptive Traffic Control System Market Landscape
4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific Adaptive Traffic Control System Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Urban Population and Vehicle Sales
5.1.2 Growing Investments in Roadway Infrastructure
5.2 Market Restraints
5.2.1 Increasing Security Threats
5.3 Market Opportunities
5.3.1 Development of Smart Cities
5.4 Future Trends
5.4.1 Growing Adoption of AI in Traffic Management Systems
5.5 Impact Analysis of Drivers and Restraints
6. Adaptive Traffic Control System Market – Asia Pacific Market Analysis
6.1 Asia Pacific Adaptive Traffic Control System Market Overview
6.2 Asia Pacific Adaptive Traffic Control System Market- Forecast and Analysis
7. Asia Pacific Adaptive Traffic Control System Market Revenue and Forecast to 2030 – Component
7.1 Overview
7.2 Asia Pacific Adaptive Traffic Control System Market Breakdown, By Application, 2022 and 2030
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Asia Pacific Adaptive Traffic Control System Market- Forecast and Analysis
7.4 Software
7.4.1 Overview
7.4.2 Software : Asia Pacific Adaptive Traffic Control System Market- Forecast and Analysis
7.5 Services
7.5.1 Overview
7.5.2 Services : Asia Pacific Adaptive Traffic Control System Market- Forecast and Analysis
8. Asia Pacific Adaptive Traffic Control System Market Analysis– By Type
8.1 Overview
8.2 Asia Pacific Adaptive Traffic Control System Market Breakdown, by Type, 2022 and 2030
8.3 OPAC
8.3.1 Overview
8.3.2 OPAC : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
8.4 SCOOT
8.4.1 Overview
8.4.2 SCOOT : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
8.5 RHODES
8.5.1 Overview
8.5.2 RHODES : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
8.6 SCATS
8.6.1 Overview
8.6.2 SCATS : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Adaptive Traffic Control System Market Revenue and Forecast to 2030 – Application
9.1 Overview
9.2 Asia Pacific Adaptive Traffic Control System Market Breakdown, by Application, 2022 and 2030
9.3 Highways
9.3.1 Overview
9.3.2 Highways : Asia Pacific Adaptive Traffic Control System Market- Forecast and Analysis
9.4 Urban (Cities)
9.4.1 Overview
9.4.2 Urban (Cities) : Asia Pacific Adaptive Traffic Control System Market- Forecast and Analysis
10. Asia Pacific Adaptive Traffic Control System Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific Adaptive Traffic Control System Market, by Key Country
10.1.1.1 Australia: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 Australia: Asia Pacific Adaptive Traffic Control System Market, by Component
10.1.1.1.2 Australia: Asia Pacific Adaptive Traffic Control System Market, by Type
10.1.1.1.3 Australia: Asia Pacific Adaptive Traffic Control System Market, by Application
10.1.1.2 China: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 China: Asia Pacific Adaptive Traffic Control System Market, by Component
10.1.1.2.2 China: Asia Pacific Adaptive Traffic Control System Market, by Type
10.1.1.2.3 China: Asia Pacific Adaptive Traffic Control System Market, by Application
10.1.1.3 India: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 India: Asia Pacific Adaptive Traffic Control System Market, by Component
10.1.1.3.2 India: Asia Pacific Adaptive Traffic Control System Market, by Type
10.1.1.3.3 India: Asia Pacific Adaptive Traffic Control System Market, by Application
10.1.1.4 Japan: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Japan: Asia Pacific Adaptive Traffic Control System Market, by Component
10.1.1.4.2 Japan: Asia Pacific Adaptive Traffic Control System Market, by Type
10.1.1.4.3 Japan: Asia Pacific Adaptive Traffic Control System Market, by Application
10.1.1.5 South Korea: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 South Korea: Asia Pacific Adaptive Traffic Control System Market, by Component
10.1.1.5.2 South Korea: Asia Pacific Adaptive Traffic Control System Market, by Type
10.1.1.5.3 South Korea: Asia Pacific Adaptive Traffic Control System Market, by Application
10.1.1.6 Rest of Asia Pacific: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific: Asia Pacific Adaptive Traffic Control System Market , by Component
10.1.1.6.2 Rest of Asia Pacific: Asia Pacific Adaptive Traffic Control System Market , by Type
10.1.1.6.3 Rest of Asia Pacific: Asia Pacific Adaptive Traffic Control System Market , by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Aldridge Traffic Controllers Pty Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 EFKON India Pvt. Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Efftronics Systems Pvt Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Kapsch TrafficCom AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Trafiksol ITS Technologies Pvt Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Johnson Controls International Plc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Q-Free ASA
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About Research Team
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. Australia: Asia Pacific Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 3. Australia: Asia Pacific Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 4. Australia: Asia Pacific Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 5. China: Asia Pacific Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 6. China: Asia Pacific Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 7. China: Asia Pacific Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 8. India: Asia Pacific Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 9. India: Asia Pacific Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 10. India: Asia Pacific Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 11. Japan: Asia Pacific Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 12. Japan: Asia Pacific Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 13. Japan: Asia Pacific Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 14. South Korea: Asia Pacific Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 15. South Korea: Asia Pacific Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 16. South Korea: Asia Pacific Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of Asia Pacific: Asia Pacific Adaptive Traffic Control System Market , by Component – Revenue and Forecast to 2030 (US$ Million)
Table 18. Rest of Asia Pacific: Asia Pacific Adaptive Traffic Control System Market , by Type – Revenue and Forecast to 2030 (US$ Million)
Table 19. Rest of Asia Pacific: Asia Pacific Adaptive Traffic Control System Market , by Application – Revenue and Forecast to 2030 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Adaptive Traffic Control System Market Segmentation
Figure 2. Asia Pacific Adaptive Traffic Control System Market Segmentation – By Country
Figure 3. Asia Pacific Adaptive Traffic Control System Market Overview
Figure 4. Asia Pacific Adaptive Traffic Control System Market, by Component
Figure 5. Asia Pacific Adaptive Traffic Control System Market, by Country
Figure 6. Asia Pacific – PEST Analysis
Figure 7. Asia Pacific Adaptive Traffic Control System Market, Ecosystem
Figure 8. Asia Pacific Adaptive Traffic Control System Market: Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Adaptive Traffic Control System Market- Forecast and Analysis (US$ Million)
Figure 10. Asia Pacific Adaptive Traffic Control System Market Breakdown, By Application, 2022 and 2030 (%)
Figure 11. Hardware: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Software : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Services : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Asia Pacific Adaptive Traffic Control System Market Breakdown, By Type (2022 and 2030)
Figure 15. OPAC : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. SCOOT : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. RHODES : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. SCATS : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Asia Pacific Adaptive Traffic Control System Market Breakdown, by Application, 2022 and 2030 (%)
Figure 20. Highways : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Urban (Cities) : Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Asia Pacific Adaptive Traffic Control System Market, by Key Country– Revenue (2022) (US$ Million)
Figure 23. Asia Pacific Adaptive Traffic Control System Market Revenue Share, by Key Country (2022 and 2030)
Figure 24. Australia: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. China: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. India: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Japan: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. South Korea: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Rest of Asia Pacific: Asia Pacific Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
The List of Companies – Asia Pacific Adaptive Traffic Control System Market
o Aldridge Traffic Controllers Pty Ltd
o Efftronics Systems Pvt Ltd
o Trafiksol ITS Technologies Pvt Ltd
o Kapsch TrafficCom AG
o EFKON India Pvt. Ltd.
o Johnson Controls International Plc
o Q-Free ASA
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