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The traffic lights market is forecasted to grow by USD 605.6 million during 2023-2028, accelerating at a CAGR of 5.82% during the forecast period. The report on the traffic lights market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by improving traffic flow regulations, increasing road traffic accidents, and growth of road transport infrastructure investment.
The traffic lights market is segmented as below:
By Application
- Road
- Railway
- Construction
By Product
- Incandescent
- LED
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the traffic lights market covers the following areas:
- Traffic lights market sizing
- Traffic lights market forecast
- Traffic lights market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global traffic lights market: Alphatronics NV, ARCUS USA Inc., Current Lighting Solutions LLC, D G Controls Ltd., Econolite Control Products Inc., Envoys Electronic Pvt. Ltd., Federal Signal Corp., LITE ON Technology Corp., Mobotrex Inc., North America Traffic, Oriux, SRL Traffic Systems Ltd., SWARCO AG, Traffic Technologies Ltd., and Trastar Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is accelerated adoption of led traffic lights."
According to the report, one of the major drivers for this market is the improving traffic flow regulations.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alphatronics NV
- ARCUS USA Inc.
- Current Lighting Solutions LLC
- D G Controls Ltd.
- Econolite Control Products Inc.
- Envoys Electronic Pvt. Ltd.
- Federal Signal Corp.
- LITE ON Technology Corp.
- Mobotrex Inc.
- North America Traffic
- Oriux
- SRL Traffic Systems Ltd.
- SWARCO AG
- Traffic Technologies Ltd.
- Trastar Inc.
