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Europe Adaptive Traffic Control System Market Forecast to 2030 - Regional Analysis - by Type (Hardware, Software, and Services), Component (OPAC, SCOOT, RHODES, and SCATS), and Application [Highways and Urban (Cities)]
Market Report I 2023-10-27 I 123 Pages I The Insight Partners
The Europe adaptive traffic control system market is expected to grow from US$ 1,650.44 million in 2022 to US$ 7,135.08 million by 2030. It is estimated to grow at a CAGR of 20.1% from 2022 to 2030.
Growing Investments in Roadway Infrastructure Fuels Europe Adaptive Traffic Control System Market
The demand for better transportation facilities, such as better road conditions, smooth traffic flow, and connectivity between different areas, is rising worldwide due to the increasing population. As a result, the government authorities of different countries are focusing on developing their road infrastructure. Similarly, in March 2022, VINCI Highways announced that the expansion of the B247 road between Muhlhausen and Bad Langensalza in Germany had started. For the construction of this road, the government has approved an investment of ~US$ 545.61 million (EUR 500 million). Growing investments in roadway infrastructure raises the need to implement adaptive traffic control systems to improve traffic flow and enhance vehicular safety. Thus, the rising expenditure on infrastructure is increasing the need for passenger and driver safety bolster the growth of the Europe adaptive traffic control system market.
Europe Adaptive Traffic Control System Market Overview
In Europe, several industries are focusing on the adoption of advanced technologies. The European Commission (EC), with the support of various financial institutes, is developing innovative projects related to Intelligent Transportation Systems (ITS) and ensuring that it is rolled out consistently. In Europe, ITS plays an important role in promoting the driver safety and efficiently handling the rising congestion and emission problems. The installation of ITS offers a safer transportation system, which provides more sustainable and efficient services to its customers with the help of various technologies across all modes of freight and passenger transport. Additionally, the upgradation of the existing system by integrating them with advanced technologies to offer new services is boosting the market growth. For instance, the "Digital Single Market Strategy" adopted by the EC supports the usage of ITS solutions for achieving an efficient transport network for passengers and business management. This system is also used to enhance operations related to the modes of transport. Also, the EC is focusing on establishing the next generation of ITS solutions with the integration of Cooperative Intelligent Transport Systems (C-ITS), which, in turn, is supporting automation in the transport sector.
Europe Adaptive Traffic Control System Market Revenue and Forecast to 2030 (US$ Million)
Europe Adaptive Traffic Control System Market Segmentation
The Europe adaptive traffic control system market is segmented into type, component, application, and country.
Based on type, the Europe adaptive traffic control system market is segmented into hardware, software, and services. The software segment accounted the largest share of the Europe adaptive traffic control system market in 2022.
Based on component, the Europe adaptive traffic control system market is divided into OPAC, SCOOT, RHODES, and SCATS. The SCATS segment held the largest share of the Europe adaptive traffic control system market in 2022.
Based on application, the Europe adaptive traffic control system market is bifurcated into highways and urban (cities). The urban (cities) segment accounted a larger share of the Europe adaptive traffic control system market in 2022.
Based on country, the Europe adaptive traffic control system market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe adaptive traffic control system market in 2022.
Aldridge Traffic Controllers Pty Ltd, EFKON India Pvt. Ltd., Swarco AG, Johnson Controls International Plc, Kapsch TrafficCom AG, Vivacity Labs Ltd, Miovision Technologies Inc. and Q-Free ASA are the leading companies operating in the Europe adaptive traffic control system market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Adaptive Traffic Control System Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Adaptive Traffic Control System Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Urban Population and Vehicle Sales
5.1.2 Growing Investments in Roadway Infrastructure
5.2 Market Restraints
5.2.1 Increasing Security Threats
5.3 Market Opportunities
5.3.1 Development of Smart Cities
5.4 Future Trends
5.4.1 Growing Adoption of AI in Traffic Management Systems
5.5 Impact Analysis of Drivers and Restraints
6. Adaptive Traffic Control System Market - Europe Market Analysis
6.1 Europe Adaptive Traffic Control System Market Overview
6.2 Europe Adaptive Traffic Control System : Europe Adaptive Traffic Control System Market- Forecast and Analysis
7. Europe Adaptive Traffic Control System Market Revenue and Forecast to 2030 - Component
7.1 Overview
7.2 Europe Adaptive Traffic Control System Market Breakdown, By Component, 2022 and 2030
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware : Europe Adaptive Traffic Control System Market- Forecast and Analysis
7.4 Software
7.4.1 Overview
7.4.2 Software : Europe Adaptive Traffic Control System Market- Forecast and Analysis
7.5 Services
7.5.1 Overview
7.5.2 Services : Europe Adaptive Traffic Control System Market- Forecast and Analysis
8. Europe Adaptive Traffic Control System Market Analysis - By Type
8.1 Overview
8.2 Europe Adaptive Traffic Control System Market Breakdown, by Type, 2022 and 2030
8.3 OPAC
8.3.1 Overview
8.3.2 OPAC : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
8.4 SCOOT
8.4.1 Overview
8.4.2 SCOOT : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
8.5 RHODES
8.5.1 Overview
8.5.2 RHODES : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
8.6 SCATS
8.6.1 Overview
8.6.2 SCATS : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
9. Europe Adaptive Traffic Control System Market Revenue and Forecast to 2030 - Application
9.1 Overview
9.2 Europe Adaptive Traffic Control System Market Breakdown, by Application, 2022 and 2030
9.3 Highways
9.3.1 Overview
9.3.2 Highways : Europe Adaptive Traffic Control System Market- Forecast and Analysis
9.4 Urban (Cities)
9.4.1 Overview
9.4.2 Urban (Cities): Europe Adaptive Traffic Control System Market- Forecast and Analysis
10. Europe Adaptive Traffic Control System Market - Country Analysis
10.1 Overview
10.1.1 Europe Adaptive Traffic Control System Market, by Key Country
10.1.1.1 Germany: Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 Germany: Europe Adaptive Traffic Control System Market, by Component
10.1.1.1.2 Germany: Europe Adaptive Traffic Control System Market, by Type
10.1.1.1.3 Germany: Europe Adaptive Traffic Control System Market, by Application
10.1.1.2 France: Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 France: Europe Adaptive Traffic Control System Market, by Component
10.1.1.2.2 France: Europe Adaptive Traffic Control System Market, by Type
10.1.1.2.3 France: Europe Adaptive Traffic Control System Market, by Application
10.1.1.3 Italy: Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Italy: Europe Adaptive Traffic Control System Market, by Component
10.1.1.3.2 Italy: Europe Adaptive Traffic Control System Market, by Type
10.1.1.3.3 Italy: Europe Adaptive Traffic Control System Market, by Application
10.1.1.4 UK: Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 UK: Europe Adaptive Traffic Control System Market, by Component
10.1.1.4.2 UK: Europe Adaptive Traffic Control System Market, by Type
10.1.1.4.3 UK: Europe Adaptive Traffic Control System Market, by Application
10.1.1.5 Russia: Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 Russia: Europe Adaptive Traffic Control System Market, by Component
10.1.1.5.2 Russia: Europe Adaptive Traffic Control System Market, by Type
10.1.1.5.3 Russia: Europe Adaptive Traffic Control System Market, by Application
10.1.1.6 Rest of Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 Rest of Europe Adaptive Traffic Control System Market, by Component
10.1.1.6.2 Rest of Europe Adaptive Traffic Control System Market, by Type
10.1.1.6.3 Rest of Europe Adaptive Traffic Control System Market, by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Aldridge Traffic Controllers Pty Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 EFKON India Pvt. Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kapsch TrafficCom AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Swarco AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Johnson Controls International Plc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Vivacity Labs Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Miovision Technologies Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Q-Free ASA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Table 2. Germany: Europe Adaptive Traffic Control System Market, by Component - Revenue and Forecast to 2030 (US$ Million)
Table 3. Germany: Europe Adaptive Traffic Control System Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 4. Germany: Europe Adaptive Traffic Control System Market, by Application - Revenue and Forecast to 2030 (US$ Million)
Table 5. France: Europe Adaptive Traffic Control System Market, by Component - Revenue and Forecast to 2030 (US$ Million)
Table 6. France: Europe Adaptive Traffic Control System Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 7. France: Europe Adaptive Traffic Control System Market, by Application - Revenue and Forecast to 2030 (US$ Million)
Table 8. Italy: Europe Adaptive Traffic Control System Market, by Component - Revenue and Forecast to 2030 (US$ Million)
Table 9. Italy: Europe Adaptive Traffic Control System Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 10. Italy: Europe Adaptive Traffic Control System Market, by Application - Revenue and Forecast to 2030 (US$ Million)
Table 11. UK: Europe Adaptive Traffic Control System Market, by Component - Revenue and Forecast to 2030 (US$ Million)
Table 12. UK: Europe Adaptive Traffic Control System Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 13. UK: Europe Adaptive Traffic Control System Market, by Application - Revenue and Forecast to 2030 (US$ Million)
Table 14. Russia: Europe Adaptive Traffic Control System Market, by Component - Revenue and Forecast to 2030 (US$ Million)
Table 15. Russia: Europe Adaptive Traffic Control System Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 16. Russia: Europe Adaptive Traffic Control System Market, by Application - Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of Europe Adaptive Traffic Control System Market, by Component - Revenue and Forecast to 2030 (US$ Million)
Table 18. Rest of Europe Adaptive Traffic Control System Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 19. Rest of Europe Adaptive Traffic Control System Market, by Application - Revenue and Forecast to 2030 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Adaptive Traffic Control System Market Segmentation
Figure 2. Europe Adaptive Traffic Control System Market Segmentation - By Country
Figure 3. Europe Adaptive Traffic Control System Market Overview
Figure 4. Europe Adaptive Traffic Control System Market, by Component
Figure 5. Europe Adaptive Traffic Control System Market, by Country
Figure 6. Europe- PEST Analysis
Figure 7. Europe Adaptive Traffic Control System Market, Ecosystem
Figure 8. Europe Adaptive Traffic Control System Market: Impact Analysis of Drivers and Restraints
Figure 9. Europe Adaptive Traffic Control System : Europe Adaptive Traffic Control System Market- Forecast and Analysis (US$ Million)
Figure 10. Europe Adaptive Traffic Control System Market Breakdown, By Component, 2022 and 2030 (%)
Figure 11. Hardware : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Software : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Services : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. Europe Adaptive Traffic Control System Market Breakdown, By Type (2022 and 2030)
Figure 15. OPAC : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. SCOOT : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. RHODES : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. SCATS : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. Europe Adaptive Traffic Control System Market Breakdown, by Application, 2022 and 2030 (%)
Figure 20. Highways : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 21. Urban (Cities) : Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 22. Europe Adaptive Traffic Control System Market, by Key Country- Revenue (2022) (US$ Million)
Figure 23. Europe Adaptive Traffic Control System Market Revenue Share, by Key Country (2022 and 2030)
Figure 24. Germany: Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 25. France: Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 26. Italy: Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 27. UK: Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 28. Russia: Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
Figure 29. Rest of Europe Adaptive Traffic Control System Market - Revenue and Forecast to 2030 (US$ Million)
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