Global Adaptive Traffic Control System Market Insights, Potential Business Strat

Posted by Fred Williams on March 12th, 2021

The infrastructure development has emerged as one of the primary agendas for governments in several developing and underdeveloped regions. While developed regions continue to leverage new technologies to shape the growth of the futuristic urban towns and cities, the emphasis on the development of smart cities and urban planning systems has witnessed considerable growth in recent years. Moreover, governments around the world are expected to focus on the development of infrastructure that compliments vehicular network– a key parameter that has a strong influence on the success of a smart city.

Municipalities around the world are increasingly seeking novel ways to minimize traffic and on-road congestion by implementing intelligent transportation systems, including adaptive traffic control systems– a factor that is expected to fuel the growth of the global adaptive traffic control system market during the forecast period. A number of players operating in the current adaptive traffic control system market is focusing on designing adaptive traffic control systems that support a range of smart city transportation applications, such as public transport signal priority (TSP), eco-driving supporting, message broadcasting, smart traffic signal control (STSC), and emergency vehicle signal preemption (EVSP). This is another factor that is expected to bolster the global adaptive traffic control system market in the upcoming years.

At the back of these factors, along with consistent progress made by sensor technology, artificial intelligence (AI), and machine learning, the global adaptive traffic control system market is on the course to surpass the market value of US$ 21.9 Bn by the end of 2030.

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