The development trend of smart traffic lights

Analysis of market trends, technological progress, application cases, growth drivers and future prospects of smart pedestrian signal lights:

Market trends

Market size growth: According to industry data statistics, the market size of China's traffic lights will be about 5 billion yuan in 2023, and it is expected to exceed 10 billion yuan by 2030, with a compound annual growth rate of about 8%. As an important part of traffic lights, smart pedestrian signal lights are also developing rapidly under this trend.

Obvious trend of intelligence: In the future, intelligence will become the key development direction of smart pedestrian signal lights. Smart traffic signal light systems with technologies such as the Internet of Things, big data, and artificial intelligence as the core will be more widely used to achieve goals such as easing road network congestion, improving travel efficiency, and ensuring road safety.

Technological progress

Full compatibility and real-time detection: Smart pedestrian signal lights are fully compatible and can be installed both internally and externally, with high adaptability, which greatly reduces maintenance costs and installation risks. At the same time, it can monitor the faults of each signal light unit and all categories of lamps in real time, and realize the instant discovery and reporting of faults.

AI intelligent diagnosis: Combined with AI intelligent algorithm diagnosis, it can accurately identify multiple fault types and realize refined operation management, from problem discovery, problem analysis, problem solving to digital statistics, and conduct closed-loop visual operation and maintenance management.

Green environmental protection technology: Smart pedestrian signal lights will adopt more energy-saving and environmental protection technologies such as solar energy and LED to reduce energy consumption and carbon emissions.

Application cases

Smart traffic lights in Xuhui District, Shanghai: The smart pedestrian signal lights in Xuhui District fully consider the travel needs of different groups, especially the safety of the elderly, children and people with limited mobility. For example, a sound prompt system is equipped at busy intersections to help visually impaired citizens cross the road safely; the traffic light change time is intelligently judged according to the flow of people to ensure the safe passage of pedestrians.

Transportation hubs and school surroundings: Smart pedestrian signal lights have been widely used in key areas such as urban roads, transportation hubs, and school surroundings. In the future, the scope of application will be further expanded to township roads, logistics parks and other fields.

Growth drivers

Smart city construction: The country's continuous investment in smart city construction has promoted the widespread application of smart pedestrian signal lights.

Technology maturity and innovation: The integration of artificial intelligence, big data, Internet of Things and other technologies enables smart pedestrian traffic lights to have significant advantages such as real-time perception of road conditions, optimization of traffic flow, and improvement of road safety.

Policy support: The government has issued relevant policies to support the research and development and application of smart traffic signal technology and promote the improvement of the industry standard system.

Future Outlook

Comprehensive data collection: In the future, smart pedestrian traffic lights will introduce more diversified data sources, such as weather conditions, event information, public transportation operation data, etc., to improve the prediction accuracy of the model.

System platform integration: The smart pedestrian traffic light system will be integrated with other related platforms such as urban traffic management platforms, road monitoring systems, public transportation dispatching systems, etc. to form an integrated smart transportation ecosystem.

Diversified application scenarios: Smart pedestrian traffic lights will be applied to more scenarios, such as highways, rural roads, tourist attractions, large-scale event venues, etc., to give full play to their optimization and control capabilities in different sections of the road.

Vehicle-road collaboration: With the continuous advancement of 5G technology, artificial intelligence and big data analysis technology, smart pedestrian traffic lights will be linked with vehicle and pedestrian smart devices, realizing multi-party collaboration between "vehicle and vehicle", "vehicle and road" and "people and road", and achieving more efficient traffic management.