Europe Adaptive Traffic Control System Market Forecast to 2030
Europe 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
Growing Investments in Roadway Infrastructure Fuels Europe Adaptive Traffic Control System Market
The demand for better transportation facilities, such as better road conditions, smooth traffic flow, and connectivity between different areas, is rising worldwide due to the increasing population. As a result, the government authorities of different countries are focusing on developing their road infrastructure. Similarly, in March 2022, VINCI Highways announced that the expansion of the B247 road between Mühlhausen and Bad Langensalza in Germany had started. For the construction of this road, the government has approved an investment of ~US$ 545.61 million (EUR 500 million). Growing investments in roadway infrastructure raises the need to implement adaptive traffic control systems to improve traffic flow and enhance vehicular safety. Thus, the rising expenditure on infrastructure is increasing the need for passenger and driver safety bolster the growth of the Europe adaptive traffic control system market.
Europe Adaptive Traffic Control System Market Overview
In Europe, several industries are focusing on the adoption of advanced technologies. The European Commission (EC), with the support of various financial institutes, is developing innovative projects related to Intelligent Transportation Systems (ITS) and ensuring that it is rolled out consistently. In Europe, ITS plays an important role in promoting the driver safety and efficiently handling the rising congestion and emission problems. The installation of ITS offers a safer transportation system, which provides more sustainable and efficient services to its customers with the help of various technologies across all modes of freight and passenger transport. Additionally, the upgradation of the existing system by integrating them with advanced technologies to offer new services is boosting the market growth. For instance, the “Digital Single Market Strategy” adopted by the EC supports the usage of ITS solutions for achieving an efficient transport network for passengers and business management. This system is also used to enhance operations related to the modes of transport. Also, the EC is focusing on establishing the next generation of ITS solutions with the integration of Cooperative Intelligent Transport Systems (C-ITS), which, in turn, is supporting automation in the transport sector.
Europe Adaptive Traffic Control System Market Revenue and Forecast to 2030 (US$ Million)
Europe Adaptive Traffic Control System Market Segmentation
The Europe adaptive traffic control system market is segmented into type, component, application, and country.
Based on type, the Europe adaptive traffic control system market is segmented into hardware, software, and services. The software segment accounted the largest share of the Europe adaptive traffic control system market in 2022.
Based on component, the Europe adaptive traffic control system market is divided into OPAC, SCOOT, RHODES, and SCATS. The SCATS segment held the largest share of the Europe adaptive traffic control system market in 2022.
Based on application, the Europe adaptive traffic control system market is bifurcated into highways and urban (cities). The urban (cities) segment accounted a larger share of the Europe adaptive traffic control system market in 2022.
Based on country, the Europe adaptive traffic control system market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe adaptive traffic control system market in 2022.
Aldridge Traffic Controllers Pty Ltd, EFKON India Pvt. Ltd., Swarco AG, Johnson Controls International Plc, Kapsch TrafficCom AG, Vivacity Labs Ltd, Miovision Technologies Inc. and Q-Free ASA are the leading companies operating in the Europe adaptive traffic control system market.
Summary Info
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According to the research team Market research, the Europe adaptive traffic control system market was valued at US$ 1,650.44 million in 2022 and is expected to reach US$ 7,135.08 million by 2030 registering a CAGR of 20.1% from 2022 to 2030. Increasing urban population and vehicle sales and growing investment in roadway infrastructure are the critical factors attributed to the Europe adaptive traffic control system market expansion.
Increasing demand for strong connectivity and developed infrastructure is raising investments in developing smart cities. Smart cities are technologically advanced in 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. 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 Europe adaptive traffic control system market during the forecast period.
On the contrary, increasing security threats hampers the Europe adaptive traffic control system market.
Based on type, the Europe adaptive traffic control system market is segmented into hardware, software, and services. The software segment held 57.0% share of Europe adaptive traffic control system market in 2022, amassing US$ 940.56 million. It is projected to garner US$ 4,410.05 million by 2030 to expand at 21.3% CAGR during 2022–2030.
Based on component, the Europe adaptive traffic control system market is divided into OPAC, SCOOT, RHODES, and SCATS. The SCATS segment held 43.9% share of Europe adaptive traffic control system market in 2022, amassing US$ 758.79 million. It is projected to garner US$ 3,251.82 million by 2030 to expand at 20.0% CAGR during 2022–2030.
Based on application, the Europe adaptive traffic control system market is bifurcated into highways and urban (cities). The urban (cities) segment held 71.9% share of Europe adaptive traffic control system market in 2022, amassing US$ 1,187.15 million. It is projected to garner US$ 5,287.88 million by 2030 to expand at 20.5% CAGR during 2022–2030.
Based on country, the Europe adaptive traffic control system market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 29.3% share of Europe adaptive traffic control system market in 2022. It was assessed at US$ 483.72 million in 2022 and is likely to hit US$ 2,478.01 million by 2030 exhibiting a CAGR of 22.7% during 2022–2030.
Key players operating in the Europe adaptive traffic control system market are Aldridge Traffic Controllers Pty Ltd, EFKON India Pvt. Ltd., Swarco AG, Johnson Controls International Plc, Kapsch TrafficCom AG, Vivacity Labs Ltd, Miovision Technologies Inc. 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 Europe 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 Europe 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 Europe 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. Europe Adaptive Traffic Control System Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe 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 – Europe Market Analysis
6.1 Europe Adaptive Traffic Control System Market Overview
6.2 Europe Adaptive Traffic Control System : Europe Adaptive Traffic Control System Market- Forecast and Analysis
7. Europe Adaptive Traffic Control System Market Revenue and Forecast to 2030 – Component
7.1 Overview
7.2 Europe Adaptive Traffic Control System Market Breakdown, By Component, 2022 and 2030
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware : Europe Adaptive Traffic Control System Market- Forecast and Analysis
7.4 Software
7.4.1 Overview
7.4.2 Software : Europe Adaptive Traffic Control System Market- Forecast and Analysis
7.5 Services
7.5.1 Overview
7.5.2 Services : Europe Adaptive Traffic Control System Market- Forecast and Analysis
8. Europe Adaptive Traffic Control System Market Analysis – By Type
8.1 Overview
8.2 Europe Adaptive Traffic Control System Market Breakdown, by Type, 2022 and 2030
8.3 OPAC
8.3.1 Overview
8.3.2 OPAC : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
8.4 SCOOT
8.4.1 Overview
8.4.2 SCOOT : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
8.5 RHODES
8.5.1 Overview
8.5.2 RHODES : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
8.6 SCATS
8.6.1 Overview
8.6.2 SCATS : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
9. Europe Adaptive Traffic Control System Market Revenue and Forecast to 2030 – Application
9.1 Overview
9.2 Europe Adaptive Traffic Control System Market Breakdown, by Application, 2022 and 2030
9.3 Highways
9.3.1 Overview
9.3.2 Highways : Europe Adaptive Traffic Control System Market- Forecast and Analysis
9.4 Urban (Cities)
9.4.1 Overview
9.4.2 Urban (Cities): Europe Adaptive Traffic Control System Market- Forecast and Analysis
10. Europe Adaptive Traffic Control System Market – Country Analysis
10.1 Overview
10.1.1 Europe Adaptive Traffic Control System Market, by Key Country
10.1.1.1 Germany: Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 Germany: Europe Adaptive Traffic Control System Market, by Component
10.1.1.1.2 Germany: Europe Adaptive Traffic Control System Market, by Type
10.1.1.1.3 Germany: Europe Adaptive Traffic Control System Market, by Application
10.1.1.2 France: Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 France: Europe Adaptive Traffic Control System Market, by Component
10.1.1.2.2 France: Europe Adaptive Traffic Control System Market, by Type
10.1.1.2.3 France: Europe Adaptive Traffic Control System Market, by Application
10.1.1.3 Italy: Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Italy: Europe Adaptive Traffic Control System Market, by Component
10.1.1.3.2 Italy: Europe Adaptive Traffic Control System Market, by Type
10.1.1.3.3 Italy: Europe Adaptive Traffic Control System Market, by Application
10.1.1.4 UK: Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 UK: Europe Adaptive Traffic Control System Market, by Component
10.1.1.4.2 UK: Europe Adaptive Traffic Control System Market, by Type
10.1.1.4.3 UK: Europe Adaptive Traffic Control System Market, by Application
10.1.1.5 Russia: Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 Russia: Europe Adaptive Traffic Control System Market, by Component
10.1.1.5.2 Russia: Europe Adaptive Traffic Control System Market, by Type
10.1.1.5.3 Russia: Europe Adaptive Traffic Control System Market, by Application
10.1.1.6 Rest of Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 Rest of Europe Adaptive Traffic Control System Market, by Component
10.1.1.6.2 Rest of Europe Adaptive Traffic Control System Market, by Type
10.1.1.6.3 Rest of Europe 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 Kapsch TrafficCom AG
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 Swarco 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 Johnson Controls International Plc
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 Vivacity Labs Ltd
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 Miovision Technologies Inc
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
12.8 Q-Free ASA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About Research Team
13.2 Word Index
LIST OF TABLES
Table 1. Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. Germany: Europe Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 3. Germany: Europe Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 4. Germany: Europe Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 5. France: Europe Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 6. France: Europe Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 7. France: Europe Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 8. Italy: Europe Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 9. Italy: Europe Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 10. Italy: Europe Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 11. UK: Europe Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 12. UK: Europe Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 13. UK: Europe Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 14. Russia: Europe Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 15. Russia: Europe Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 16. Russia: Europe Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of Europe Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 18. Rest of Europe Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 19. Rest of Europe Adaptive Traffic Control System Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Adaptive Traffic Control System Market Segmentation
Figure 2. Europe Adaptive Traffic Control System Market Segmentation – By Country
Figure 3. Europe Adaptive Traffic Control System Market Overview
Figure 4. Europe Adaptive Traffic Control System Market, by Component
Figure 5. Europe Adaptive Traffic Control System Market, by Country
Figure 6. Europe– PEST Analysis
Figure 7. Europe Adaptive Traffic Control System Market, Ecosystem
Figure 8. Europe Adaptive Traffic Control System Market: Impact Analysis of Drivers and Restraints
Figure 9. Europe Adaptive Traffic Control System : Europe Adaptive Traffic Control System Market- Forecast and Analysis (US$ Million)
Figure 10. Europe Adaptive Traffic Control System Market Breakdown, By Component, 2022 and 2030 (%)
Figure 11. Hardware : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Software : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Services : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Europe Adaptive Traffic Control System Market Breakdown, By Type (2022 and 2030)
Figure 15. OPAC : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. SCOOT : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. RHODES : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. SCATS : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Europe Adaptive Traffic Control System Market Breakdown, by Application, 2022 and 2030 (%)
Figure 20. Highways : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Urban (Cities) : Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Europe Adaptive Traffic Control System Market, by Key Country– Revenue (2022) (US$ Million)
Figure 23. Europe Adaptive Traffic Control System Market Revenue Share, by Key Country (2022 and 2030)
Figure 24. Germany: Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. France: Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Italy: Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. UK: Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Russia: Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Rest of Europe Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
The List of Companies – Europe Adaptive Traffic Control System Market
o Aldridge Traffic Controllers Pty Ltd
o EFKON India Pvt. Ltd.
o Swarco AG
o Johnson Controls International Plc
o Kapsch TrafficCom AG
o Vivacity Labs Ltd
o Miovision Technologies Inc
o Q-Free ASA
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