Market Share of Traffic Signal Controller Industry
Key players operating in the global market include Siemens, Aldridge Traffic Controllers (ATC), Econolite, Johnson Controls, Sumitomo Electric Industries, SWARCO, Hikvision, JARI Electronics, Hisense TransTech, KYOSAN, and FAMA Traffic, among others.
The traffic signal controller market is highly competitive, with the presence of various international and domestic manufacturers all across the world. Companies operating in the market are heavily focused on differentiating their product offerings by constantly integrating innovative technology such as artificial intelligence and IoT sensors, among others.
In June 2023, Yunex Traffic announced the launch of the Plus+ Advantage solution that allows complex signalized traffic intersection schemes to be delivered without the need for a separate temporary traffic management solution. The company claims that the new solution launched would assist in significantly reducing cost, carbon emissions, time, and disruption to users.
In March 2023, VivaCity announced the launch of its flagship signaling solution, Smart Signal Control: AI for Detection, to integrate VivaCity's highly accurate multimodal road user data into existing urban traffic control (UTC) systems.
Traffic Signal Controller Market Leaders
Siemens
Aldridge Traffic Controllers (ATC)
Econolite
Johnson Controls
Sumitomo Electric Industries
*Disclaimer: Major Players sorted in no particular order
