According to Cognitive Market Research, the global Traffic Signal Controller market size is USD 3151.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 11.60% from 2024 to 2031.
North America holds the major market of more than 40% of the global revenue with a market size of USD 1260.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.
Europe accounts for a share of over 30% of the global market size of USD 945.36 million.
Asia Pacific holds the market of around 23% of the global revenue with a market size of USD 724.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.
Latin America holds the market of more than 5% of the global revenue with a market size of USD 157.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Middle East and Africa holds the market of around 2% of the global revenue with a market size of USD 63.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.3% from 2024 to 2031.
The standard controllers holds the highest Traffic Signal Controller market revenue share in 2024.
