Traffic signal controller market expected to reach $14.7Bn by 2032 due to growing demand for advanced controllers to improve road safety

From GlobeNewswire: 2024-07-04 06:00:00

The traffic signal controller market is set to reach over USD 14.7 billion by 2032, driven by a rising need for advanced controllers to improve road safety amidst increasing traffic fatalities. Suburban areas will see substantial growth, while Asia Pacific anticipates significant market expansion to meet urbanization demands. Services segment growth is driven by urbanization and traffic management needs, highlighting the importance of efficient traffic flow solutions. Top players like Yunex Traffic are collaborating to enhance urban mobility and traffic safety.



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