New ARC Advisory Group research on the Smart Traffic Control Systems market reveals that traffic congestion is a major challenge in urban areas and the government has to take decisive action by deploying smart traffic control systems to sense vehicle presence in real time and use that information to optimize traffic signal patterns. Smart city concepts will continue to gain traction as municipalities leverage Internet of Things (IoT) solutions to meet their challenges, with the transportation sector being one of the earlier ones to evolve.
“Smart traffic control systems replace much of the costly, manual signal retiming process. As cities continue to face budgetary pressure, they will seek solutions to reduce their infrastructure maintenance costs,” according to Eddie Fidler, Industry Analyst at ARC Advisory Group and key author of ARC’s Smart Traffic Control Systems Global Market Research report.
“If done correctly, installing a smart traffic control system tends to make clear economic sense. Agencies spend far too much on signal retiming and sub-optimal signal control imposes other costs through higher congestion (time, stress, emissions, productivity),” added Eddie.
About the Smart Traffic Control Systems Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the smart traffic control systems market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, revenue category, sensor type, and urban density.
This new research is available as a concise Market Analysis Report (PDF) that provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.