South & Central America Adaptive Traffic Control System Market Forecast to 2030
South & Central America 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)]
$2,100 – $3,500
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Growing Investments in Roadway Infrastructure Fuels South & Central America 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. 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 South & Central America adaptive traffic control system market.
South & Central America Adaptive Traffic Control System Market Overview
The adaptive traffic control system in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. The rising integration of advanced technology with traffic control systems for efficient traffic management is the major factor propelling the growth of the adaptive traffic control system market in the region. Also, the increase in environmental pollution, traffic congestion, and the number of road accidents are a few other factors bolstering the demand for adaptive traffic control systems in South & Central America. Further, growing urbanization and increasing vehicle sales, owing to the rising middle-class population, are the significant factors contributing to traffic congestion in the region. According to OICA, in Brazil, 1,576,666 vehicles were sold in 2022; it increased by 1.2% from 1,558,467 vehicles in 2021. Similarly, in Argentina, the number of vehicles sold grew from 240,688 vehicles in 2021 to 260,876 vehicles in 2022, registering growth of 8.4%. Such growing vehicle sales in the region are expected to increase road traffic in the coming years. Hence, governments of various countries in the region are investing in solutions to efficiently deal with issues related to traffic congestion. For instance, in August 2020, the government of Peru announced its plan to integrate traffic lights into its intelligent traffic control initiative— Protránsito. Furthermore, the government has claimed to invest ~US$ 12.1 million in this project. Thus, such initiatives by the government are expected to boost the growth of the adaptive traffic control system market in South & Central America.
South & Central America Adaptive Traffic Control System Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Adaptive Traffic Control System Market Segmentation
The South & Central America adaptive traffic control system market is segmented into type, component, application, and country.
Based on type, the South & Central America adaptive traffic control system market is segmented into hardware, software, and services. The software segment accounted the largest share of the South & Central America adaptive traffic control system market in 2022.
Based on component, the South & Central America adaptive traffic control system market is divided into OPAC, SCOOT, RHODES, and SCATS. The SCATS segment held the largest share of the South & Central America adaptive traffic control system market in 2022.
Based on application, the South & Central America adaptive traffic control system market is bifurcated into highways and urban (cities). The urban (cities) segment accounted a larger share of the South & Central America adaptive traffic control system market in 2022.
Based on country, the South & Central America adaptive traffic control system market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America adaptive traffic control system market in 2022.
Aldridge Traffic Controllers Pty Ltd, Digicon SA, Johnson Controls International Plc, Kapsch TrafficCom AG, and Q-Free ASA are some of the leading companies operating in the South & Central America adaptive traffic control system market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Publishing status: | |
| Geographical coverage: | |
| Year of Publication: |
According to the research team Market research, the South & Central America adaptive traffic control system market was valued at US$ 164.50 million in 2022 and is expected to reach US$ 501.48 million by 2030 registering a CAGR of 15.0% from 2022 to 2030. Increasing urban population and vehicle sales and growing investment in roadway infrastructure are the critical factors attributed to the South & Central America 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 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 South & Central America adaptive traffic control system market during the forecast period.
On the contrary, increasing security threats hampers the South & Central America adaptive traffic control system market.
Based on type, the South & Central America adaptive traffic control system market is segmented into hardware, software, and services. The software segment held 59.2% share of South & Central America adaptive traffic control system market in 2022, amassing US$ 97.38 million. It is projected to garner US$ 319.32 million by 2030 to expand at 16.0% CAGR during 2022–2030.
Based on component, the South & Central America adaptive traffic control system market is divided into OPAC, SCOOT, RHODES, and SCATS. The SCATS segment held 43.7% share of South & Central America adaptive traffic control system market in 2022, amassing US$ 71.92 million. It is projected to garner US$ 213.99 million by 2030 to expand at 14.6% CAGR during 2022–2030.
Based on application, the South & Central America adaptive traffic control system market is bifurcated into highways and urban (cities). The urban (cities) segment held 71.0% share of South & Central America adaptive traffic control system market in 2022, amassing US$ 116.88 million. It is projected to garner US$ 371.09 million by 2030 to expand at 15.5% CAGR during 2022–2030.
Based on country, the South & Central America adaptive traffic control system market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 52.3% share of South & Central America adaptive traffic control system market in 2022. It was assessed at US$ 85.99 million in 2022 and is likely to hit US$ 302.19 million by 2030 exhibiting a CAGR of 17.0% during 2022–2030.
Key players operating in the South & Central America adaptive traffic control system market are Aldridge Traffic Controllers Pty Ltd, Digicon SA, Johnson Controls International Plc, Kapsch TrafficCom AG, and Q-Free ASA, and among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America 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 South America 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 South America 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. South America Adaptive Traffic Control System Market Landscape
4.1 Market Overview
4.2 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South America 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 – South America Market Analysis
6.1 South America Adaptive Traffic Control System Market Overview
6.2 South America Adaptive Traffic Control System Market Forecast and Analysis
7. South America Adaptive Traffic Control System Market Revenue and Forecast to 2030 – Component
7.1 Overview
7.2 South America Adaptive Traffic Control System Market Breakdown, By Application, 2022 and 2030
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware : South America Adaptive Traffic Control System Market- Forecast and Analysis
7.4 Software
7.4.1 Overview
7.4.2 Software : South America Adaptive Traffic Control System Market- Forecast and Analysis
7.5 Services
7.5.1 Overview
7.5.2 Services : South America Adaptive Traffic Control System Market- Forecast and Analysis
8. South America Adaptive Traffic Control System Market Analysis – By Type
8.1 Overview
8.2 South America Adaptive Traffic Control System Market Breakdown, by Type, 2022 and 2030
8.3 OPAC
8.3.1 Overview
8.3.2 OPAC : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
8.4 SCOOT
8.4.1 Overview
8.4.2 SCOOT : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
8.5 RHODES
8.5.1 Overview
8.5.2 RHODES : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
8.6 SCATS
8.6.1 Overview
8.6.2 SCATS : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
9. South America Adaptive Traffic Control System Market Revenue and Forecast to 2030 – By Application
9.1 Overview
9.2 South America Adaptive Traffic Control System Market Breakdown, by Application, 2022 and 2030
9.4 Highways
9.4.1 Overview
9.4.2 Highways : South America Adaptive Traffic Control System Market- Forecast and Analysis
9.5 Urban (Cities)
9.5.1 Overview
9.5.2 Urban (Cities) : South America Adaptive Traffic Control System Market- Forecast and Analysis
10. South America Adaptive Traffic Control System Market – Country Analysis
10.1 Overview
10.1.1 South America Adaptive Traffic Control System Market, by Key Country
10.1.1.1 Brazil: South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 Brazil: South America Adaptive Traffic Control System Market, by Component
10.1.1.1.2 Brazil: South America Adaptive Traffic Control System Market, by Type
10.1.1.1.3 Brazil: South America Adaptive Traffic Control System Market, by Application
10.1.1.2 Argentina: South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Argentina: South America Adaptive Traffic Control System Market, by Component
10.1.1.2.2 Argentina: South America Adaptive Traffic Control System Market, by Type
10.1.1.2.3 Argentina: South America Adaptive Traffic Control System Market, by Application
10.1.1.3 Rest of SAM: South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Rest of SAM: South America Adaptive Traffic Control System Market, by Component
10.1.1.3.2 Rest of SAM: South America Adaptive Traffic Control System Market, by Type
10.1.1.3.3 Rest of SAM: South America 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 Digicon SA
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 Johnson Controls International Plc
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 Q-Free ASA
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
13. Appendix
13.1 About Research Team
13.2 Word Index
LIST OF TABLES
Table 1. South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. Brazil: South America Adaptive Traffic Control System Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 3. Brazil: South America Adaptive Traffic Control System Market, by Type –Revenue and Forecast to 2030 (US$ Million)
Table 4. Brazil: South America Adaptive Traffic Control System Market, by Application –Revenue and Forecast to 2030 (US$ Million)
Table 5. Argentina: South America Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 6. Argentina: South America Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 7. Argentina: South America Adaptive Traffic Control System Market, by Application –Revenue and Forecast to 2030 (US$ Million)
Table 8. Rest of SAM: South America Adaptive Traffic Control System Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 9. Rest of SAM: South America Adaptive Traffic Control System Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 10. Rest of SAM: South America Adaptive Traffic Control System Market, by Application –Revenue and Forecast to 2030 (Rest of SAM$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Adaptive Traffic Control System Market Segmentation
Figure 2. South America Adaptive Traffic Control System Market Segmentation – By Country
Figure 3. South America Adaptive Traffic Control System Market Overview
Figure 4. South America Adaptive Traffic Control System Market, by Component
Figure 5. South America Adaptive Traffic Control System Market, by Country
Figure 6. South America- PEST Analysis
Figure 7. South America Adaptive Traffic Control System Market, Ecosystem
Figure 8. South America Adaptive Traffic Control System Market: Impact Analysis of Drivers and Restraints
Figure 9. South America Adaptive Traffic Control System Market Forecast and Analysis (US$ Million)
Figure 10. South America Adaptive Traffic Control System Market Breakdown, By Application, 2022 and 2030 (%)
Figure 11. Hardware : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Software : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Services : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. South America Adaptive Traffic Control System Market Breakdown, By Type (2022 and 2030)
Figure 15. OPAC : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. SCOOT : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. RHODES : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. SCATS : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. South America Adaptive Traffic Control System Market Breakdown, by Application, 2022 and 2030 (%)
Figure 20. Highways : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Urban (Cities) : South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. South America Adaptive Traffic Control System Market, by Key Country– Revenue (2022) (US$ Million)
Figure 23. South America Adaptive Traffic Control System Market Revenue Share, by Key Country (2022 and 2030)
Figure 24. Brazil: South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Argentina: South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Rest of SAM: South America Adaptive Traffic Control System Market – Revenue and Forecast to 2030 (US$ Million)
The List of Companies – South & Central America Adaptive Traffic Control System Market
o Aldridge Traffic Controllers Pty Ltd
o Digicon SA
o Johnson Controls International Plc
o Kapsch TrafficCom AG
o Q-Free ASA
You must be logged in to post a review.
Reviews
There are no reviews yet.