How the Need for Better Traffic Management Solutions Is Boosting the Competition Amongst Top Traffic Signal Controller Companies?
The rapidly growing global population has boosted the demand for passenger and commercial vehicles. However, this has also increased the volume of on-road traffic, thereby raising the risk of road accidents. According to statistics published by the World Health Organization (WHO), around 1.3 million people across the world die from road traffic accidents each year. This factor has augmented the need for better traffic management solutions, such as using advanced traffic signal controllers to manage on-road traffic effectively.
Many companies have started introducing a vast range of innovative traffic control solutions to fulfill the growing product demand and increase their customer reach. These developments are expected to accelerate the growth of this industry.
Fortune Business Insights reveals that the market for traffic signal controller is anticipated to be valued at USD 13.83 billion by 2030, recording a CAGR of 15.1% during the forecast period of 2023-2030.
Below is a list of top traffic signal controller companies that are offering robust traffic signal controller systems to customers across the world:
1. Aldridge Traffic Controllers
Aldridge Traffic Controllers or ATC is one of the most reputed Australian developers and manufacturers of Sydney Coordinated Adaptive Traffic System (SCATS), DSRC, VC6, and V2X ready traffic signal controllers. The company also provides a comprehensive range of traffic management solutions. ATC is also a global distributor of SCAT Urban Traffic Control Systems. In addition, it also supplies several traffic signaling products and offers expert training and consultancy services.
March 2022: Aldridge Traffic Controllers Pty Ltd. (ATC) exhibited its products at the Intertraffic event for 2022. Intertraffic is a global trade event for stakeholders involved in the mobility ecosystem. It also delivers the latest traffic technology news, views & analysis on smart mobility, road safety, sustainability, traffic management, parking, smart infrastructure, and software & hardware solutions.
2. Traffic Technologies Pty Ltd.
Traffic Technologies Pty Ltd. is one of the prominent traffic companies based in Australia that specializes in providing cost-effective solutions to the traffic industry. The company is famous for its signage division, technical products, and traffic controller operations.
April 2022: Traffic Technologies Ltd. (TTL) announced that it inked an agreement to supply software and hardware systems in Qatar to improve the reliability and efficiency of traffic management at the FIFA World Cup 2022 in Qatar. As per the deal, Traffic Technologies Ltd. was expected to deliver Smart City software and traffic controllers to improve Qatar's road network for the World Cup 2022.
3. SENA TRAFFIC SYSTEMS
Sena Traffic Systems Sdn. Bhd. is a company based in Malaysia that specializes in the development of advanced and intelligent traffic management systems for the Malaysian and overseas markets. The company mainly focuses on developing and manufacturing traffic controllers and traffic control center systems.
August 2021: AeroVironment Inc., a leading manufacturer of multi-domain, intelligent robotics systems, unveiled its standardized modular drone payload kits for RQ-20B Puma tactical unmanned aircraft systems.