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.

Fortune Business Insights™ Profiles Top Traffic Signal Controller Companies

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.

4. Johnson Controls

Johnson Controls is one of the well-established industrial business & technology companies. The organization majorly deals with the design, production, and installation of electronics and HVAC systems. Moreover, it also provides HVAC equipment, building automation, fire detection, batteries, security, and other products. Additionally, Johnson Controls delivers integrated facility management services, energy management solutions, control systems, and others.

2019: Johnson Controls launched an electronic maintenance reporting system to replace manual processing. The company developed a road & traffic maintenance reporting solution known as Electronic Maintenance & Records Management System (eMRMS).

5. Sumitomo Electric Industries, Ltd.

Sumitomo Electric Industries, Ltd. is a Japan-based firm that mainly deals in the production and sale of electric equipment. Some of the company’s products include traffic signal controllers, traffic control systems, optical fibers, wire harnesses, antenna for broadcasting stations, electric motoring systems, and others. The company operates in info-communications, environment & energy, electronics, and industrial materials sectors. Sumitomo generates nearly half of its profits from the automotive segment.

August 2022: Sumitomo Electric Industries, Ltd. announced that it signed a deal with Genius Traffic System Co. Ltd. in Thailand to develop a field operational test of traffic signal control using probe information in Bangkok. The field operational test was conducted for about one month from February 2022.

6. Indra Sistemas, S.A.

Indra Sistemas S.A. is a Spanish company engaged in the field of Information Technology (IT). The company is known for its robust solutions and services to the customers; the solutions segment consists of consulting and technology solutions. These include systems or components for compiling, transmitting, processing, and presenting data to control the process. On the other hand, the services segment comprises IT and business processes outsourcing.

June 2022: Indra partnered with Acciona and the Ministry of Transport, Mobility, and Urban Agenda, Spain to create a digital twin and a virtual control center on the A-2 North Eastern highway. The project aims to develop a smart asset management system to enhance road safety and maintenance.

7. ECONOLITE

ECONOLITE is one of the global leaders in one-stop-shop traffic management solutions. The company offers Intelligent Transportation System (ITS) to ease on-road traffic congestion. Additionally, ECONOLITE delivers traffic management systems, sensors, and services. It also offers multi-model transportation systems, planning & design of turnkey, software services, traffic network implementation, integration, maintenance, and operation solutions.

March 2022: Econolite and PTV (Planung Transport Verkehr) Group signed a partnership deal to develop end-to-end smart and sustainable traffic management system solutions to facilitate efficient mobility and optimize the supply.

Future of the Traffic Signal Controller Industry

The increasing volume of on-road vehicles due to rise in the average disposable incomes of consumers has also augmented the risk of accidents. This factor has fueled the adoption of smart traffic management systems and solutions to manage heavy traffic congestions efficiently. These systems will also play an important role in decreasing the risk of accidents and related deaths. These advantages are expected to create several growth opportunities for this industry.