Traffic Warning Lights Development Tendency

◆Urban traffic management traffic signal is an important item. Although it may seem inconspicuous, its importance is undeniable. A reasonable traffic signal setup will not only help increase traffic flow capacity, reduce traffic safety hazards, and reduce traffic travel time. It can also effectively reduce transportation energy consumption and reduce urban air pollution. The urban traffic network construction has been continuously improved. Each area has begun to unify traffic lights and set reasonable time for traffic lights, and intelligently control traffic lights according to different traffic volumes. The upgrade of the signal lights and the huge scale of the traffic signal market warrant attention.

◆According to the 2019 China Road Traffic Signal Market Research Report released by Tranbbs on May 25th, 2019, the report shows that the market size of traffic signal control systems and equipment in 2018 was 4.64 billion. From the perspective of market size, Zhejiang, Shandong, Jiangsu, Anhui, and Guangdong are the regions with concentrated investment in traffic signal control systems and equipment industries in 2018. The total market size of the top five provinces accounts for 40% of the country's total, which is basically the same as in 2017.

◆In recent years, with the continuous development of local economies, the growth rate of urban intelligent transportation construction investment has been maintained at more than 20% for many years; the demand for urban traffic safety is very urgent; road traffic signal control machine and traffic signal control machine and upper computer The introduction of two standards for the Data Communication Protocol has played a positive role in regulating the market of the industry; social capital has entered the intelligent transportation industry of the city and will have a certain impact on the industry structure; the traffic signal control system is a core component of the urban intelligent transportation system. With the increase in the strength and scale of intelligent transportation companies, more and more companies have invested more resources in traffic signals for R&D to meet the requirements of rapid market development; the road traffic signal market has been increasingly affected by users and suppliers.