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Traffic Signals Market Report 2025

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    Report

  • 175 Pages
  • March 2025
  • Region: Global
  • The Business Research Company
  • ID: 5939120
The traffic signals market size has grown strongly in recent years. It will grow from $27.35 billion in 2024 to $29.05 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to strong economic growth in emerging markets, installation of new traffic signals for increased traffic and safety and increased investments in road infrastructure development.

The traffic signals market size is expected to see strong growth in the next few years. It will grow to $36.54 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to rising urbanization, increasing road traffic accidents and increased flight traffic. Major trends in the forecast period include focusing on led technologies for brighter lighting, lower power consumption, and longer lifespan, leveraging artificial intelligence to monitor traffic congestion and assist in traffic management and developing virtual traffic lights to eliminate the need for waiting at stop lights.

The installation of new traffic signals to enhance traffic speed and reduce accidents is a significant driver of growth in the traffic signals market. These signaling systems are strategically placed at road crossings and pedestrian walkways to regulate and monitor traffic flows. For instance, in May 2023, the Nevada Department of Transportation, a government agency based in the United States, initiated a project to install a traffic light and upgrade U.S. 50, aimed at improving safety and mobility on a corridor used by approximately 19,000 vehicles daily. The implementation of new traffic signals has led to an increased demand, thereby contributing to the growth of the traffic signals market.

The rising trend of road accidents is anticipated to drive the growth of the traffic signal market in the future. A road accident, commonly referred to as a traffic accident or car crash, occurs when a vehicle collides with another vehicle, a pedestrian, an animal, an object, or veers off the road. Well-designed and strategically placed traffic signals play a crucial role in preventing accidents by managing the flow of vehicles and pedestrians, thereby reducing the chances of collisions at intersections. For instance, in April 2024, The National Highway Traffic Safety Administration, a U.S.-based government agency, reported that distracted driving led to 3,308 fatalities and around 289,310 injuries in the U.S. in 2022. Furthermore, 621 vulnerable road users, including pedestrians and cyclists, lost their lives in crashes involving distracted drivers. Consequently, the increasing demand for road safety is expected to fuel the growth of the traffic signal market.

Artificial intelligence (AI) is emerging as a significant trend in the traffic signals market, with the potential to alleviate traffic congestion. AI involves the simulation of human intelligence in machines, enabling them to perform tasks that typically require human capabilities, such as visual perception, speech recognition, decision-making, and language translation. An example of this is the deployment of Adaptive Traffic Signal Control (ATSC) systems by the Greater Hyderabad Municipal Corporation (GHMC) in June 2022. These systems dynamically adjust the color of traffic signals based on real-time traffic information, optimizing traffic flow along the city's main corridors. The Composite Signal Control Strategy (CoSiCoSt), developed by the Centre for Development of Advanced Computing (C-DAC), is an adaptive control technique that modifies cycle time, green splits, and offsets in real-time to handle area-wide traffic efficiently.

Leading companies in the traffic signal market are introducing innovative technologies such as AI-powered traffic management systems. These systems leverage AI to enhance the control and monitoring of traffic flow in urban and transportation environments. Utilizing AI algorithms and technologies, they collect, process, and analyze data from diverse sources, including traffic cameras, sensors, and connected vehicles, in real-time. For instance, a new AI-powered traffic management system deployed in Goa uses AI to recognize emergency vehicles such as ambulances and fire trucks, clearing the road for them. This system contributes to traffic monitoring, enhances security, and assists traffic police in their duties.

In June 2022, Rekor Systems Inc., a U.S.-based technology company specializing in artificial intelligence (AI) for roadway intelligence systems, acquired Southern Traffic Services (STS) in a deal valued at $14.5 million. This acquisition enhances STS's 30 years of expertise in traffic engineering by integrating Rekor's AI and machine learning technologies, thereby accelerating Rekor's growth. The newly formed entity aims to become a leader in AI-driven solutions for traffic management, urban mobility, and public safety. Southern Traffic Services (STS) is a U.S.-based company that offers services related to traffic signals, including installation, maintenance, and repair.

Major companies operating in the traffic signals market include LITE-ON Technology Corp, Econolite Group, Oriux, Swarco AG, Traffic Technologies Ltd, North America Traffic, Ver-Mac, ARCUS USA Inc, D G Controls Ltd, Alphatronics NV, Kyosan Electric Mfg. Co. Ltd., Envoys Electronic Pvt. Ltd, Sumitomo Electric Industries, Ltd., Trafitek Solutions Pvt Ltd, Efkon India Pvt., ITS Planners and Engineers, Microtrans Infratech Pvt. Ltd, Onnyx Electronisys Pvt. Ltd, Pfannenberg Group Holding, BELFOX Torautomatik GmbH, Dialight, SRL, E2S Warning Signals, Johnson Controls, ELINTEL, La Semaforica srl, CROSS Zlín, a.s, SEA Company, Federal Signal, McCain Traffic Systems, K2 Traffic Engineering, Inc, Horizon Signal Technologies, General Electric, Leotek Electronics USA LLC, Peek Traffic, WERMA, Traffic Safety Corp, Pat-Traffic / IRD Argentina, BBE Led, SMB Safety Equipment Manufacturing LLC, Mtp Traffic Sign LLC, Automotor Traffic Signal Co, Zama Traffic Signals, TSA International, Syntell (Pty) Ltd.

Asia-Pacific was the largest region in the traffic signals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global traffic signals market report during the forecast period. The regions covered in the traffic signals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the traffic signals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

Traffic signals refer to devices positioned alongside, beside, or above roadways to guide, caution, and control the movement of traffic, encompassing motor vehicles, motorcycles, bicycles, pedestrians, and other road users.

The primary product categories for traffic signals include portable and stationary types. Portable Traffic Signals (PTS) serve as temporary traffic management solutions on single carriageways, offering an alternative to human flaggers while establishing a safer work zone. The various power sources for these signals include electric power and solar energy. Traffic signals find applications in diverse settings such as railways, airports, urban traffic, and other contexts.

The traffic signals market research report is one of a series of new reports that provides traffic signals market statistics, including traffic signals market industry global market size, regional shares, competitors with a traffic signals market share, detailed traffic signals market segments, market trends and opportunities, and any further data you may need to thrive in the traffic signals market industry. This traffic signals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The traffic signals market consists of sales of equipment that are used to safeguard pedestrians and automobiles at busy intersections and prevent excessive traffic delays. Traffic signals, also known as traffic lights, are signaling devices located at intersections between roads, pedestrian crossings and other locations to ensure safety in the orderly flow of traffic. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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Table of Contents

1. Executive Summary2. Traffic Signals Market Characteristics3. Traffic Signals Market Trends and Strategies4. Traffic Signals Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market
5. Global Traffic Signals Growth Analysis and Strategic Analysis Framework
5.1. Global Traffic Signals PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis of End Use Industries
5.3. Global Traffic Signals Market Growth Rate Analysis
5.4. Global Traffic Signals Historic Market Size and Growth, 2019-2024, Value ($ Billion)
5.5. Global Traffic Signals Forecast Market Size and Growth, 2024-2029, 2034F, Value ($ Billion)
5.6. Global Traffic Signals Total Addressable Market (TAM)
6. Traffic Signals Market Segmentation
6.1. Global Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Electric Power
  • Solar Energy
6.2. Global Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Portable
  • Stationary
6.3. Global Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Railway
  • Airport
  • UrbanTraffic
  • Other End-Uses
6.4. Global Traffic Signals Market, Sub-Segmentation of Electric Power, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Conventional Electric Traffic Signals
  • LED Traffic Signals Powered by Electricity
  • Smart Traffic Signals Connected To the Power Grid
6.5. Global Traffic Signals Market, Sub-Segmentation of Solar Energy, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Solar-powered Traffic Signals
  • Hybrid Systems (Solar and Electric)
  • Standalone Solar Traffic Lights For Remote Locations
7. Traffic Signals Market Regional and Country Analysis
7.1. Global Traffic Signals Market, Split by Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Traffic Signals Market, Split by Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Traffic Signals Market
8.1. Asia-Pacific Traffic Signals Market Overview
  • Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Traffic Signals Market
9.1. China Traffic Signals Market Overview
9.2. China Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Traffic Signals Market
10.1. India Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Traffic Signals Market
11.1. Japan Traffic Signals Market Overview
11.2. Japan Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Traffic Signals Market
12.1. Australia Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Traffic Signals Market
13.1. Indonesia Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Traffic Signals Market
14.1. South Korea Traffic Signals Market Overview
14.2. South Korea Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Traffic Signals Market
15.1. Western Europe Traffic Signals Market Overview
15.2. Western Europe Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Traffic Signals Market
16.1. UK Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Traffic Signals Market
17.1. Germany Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Traffic Signals Market
18.1. France Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Traffic Signals Market
19.1. Italy Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Traffic Signals Market
20.1. Spain Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Traffic Signals Market
21.1. Eastern Europe Traffic Signals Market Overview
21.2. Eastern Europe Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Traffic Signals Market
22.1. Russia Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Traffic Signals Market
23.1. North America Traffic Signals Market Overview
23.2. North America Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Traffic Signals Market
24.1. USA Traffic Signals Market Overview
24.2. USA Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Traffic Signals Market
25.1. Canada Traffic Signals Market Overview
25.2. Canada Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Traffic Signals Market
26.1. South America Traffic Signals Market Overview
26.2. South America Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Traffic Signals Market
27.1. Brazil Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Traffic Signals Market
28.1. Middle East Traffic Signals Market Overview
28.2. Middle East Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Traffic Signals Market
29.1. Africa Traffic Signals Market Overview
29.2. Africa Traffic Signals Market, Segmentation by Type of Power, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Traffic Signals Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Traffic Signals Market, Segmentation by End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Traffic Signals Market Competitive Landscape and Company Profiles
30.1. Traffic Signals Market Competitive Landscape
30.2. Traffic Signals Market Company Profiles
30.2.1. LITE-oN Technology Corp Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Econolite Group Overview, Products and Services, Strategy and Financial Analysis
30.2.3. Oriux Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Swarco AG Overview, Products and Services, Strategy and Financial Analysis
30.2.5. Traffic Technologies Ltd Overview, Products and Services, Strategy and Financial Analysis
31. Traffic Signals Market Other Major and Innovative Companies
31.1. North America Traffic
31.2. Ver-Mac
31.3. ARCUS USA Inc
31.4. D G Controls Ltd
31.5. Alphatronics NV
31.6. Kyosan Electric Mfg. Co. Ltd.
31.7. Envoys Electronic Pvt. Ltd
31.8. Sumitomo Electric Industries, Ltd.
31.9. Trafitek Solutions Pvt Ltd
31.10. Efkon India Pvt.
31.11. ITS Planners and Engineers
31.12. Microtrans Infratech Pvt. Ltd
31.13. Onnyx Electronisys Pvt. Ltd
31.14. Pfannenberg Group Holding
31.15. BELFOX Torautomatik GmbH
32. Global Traffic Signals Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Traffic Signals Market34. Recent Developments in the Traffic Signals Market
35. Traffic Signals Market High Potential Countries, Segments and Strategies
35.1 Traffic Signals Market in 2029 - Countries Offering Most New Opportunities
35.2 Traffic Signals Market in 2029 - Segments Offering Most New Opportunities
35.3 Traffic Signals Market in 2029 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Traffic Signals Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on traffic signals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for traffic signals? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The traffic signals market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type of Power: Electric Power, Solar Energy
2) By Product Type: Portable, Stationary
3) By End-User: Railway, Airport, Urban Traffic, Other End Users

Subsegments:

1) By Electric Power: Conventional Electric Traffic Signals; LED Traffic Signals Powered by Electricity; Smart Traffic Signals Connected To the Power Grid
2) By Solar Energy: Solar-powered Traffic Signals; Hybrid Systems (Solar and Electric); Standalone Solar Traffic Lights For Remote Locations

Key Companies Mentioned: LITE-oN Technology Corp; Econolite Group; Oriux; Swarco AG; Traffic Technologies Ltd

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • LITE-ON Technology Corp
  • Econolite Group
  • Oriux
  • Swarco AG
  • Traffic Technologies Ltd
  • North America Traffic
  • Ver-Mac
  • ARCUS USA Inc
  • D G Controls Ltd
  • Alphatronics NV
  • Kyosan Electric Mfg. Co. Ltd.
  • Envoys Electronic Pvt. Ltd
  • Sumitomo Electric Industries, Ltd.
  • Trafitek Solutions Pvt Ltd
  • Efkon India Pvt.
  • ITS Planners and Engineers
  • Microtrans Infratech Pvt. Ltd
  • Onnyx Electronisys Pvt. Ltd
  • Pfannenberg Group Holding
  • BELFOX Torautomatik GmbH
  • Dialight
  • SRL
  • E2S Warning Signals
  • Johnson Controls
  • ELINTEL
  • La Semaforica srl
  • CROSS Zlín, a.s
  • SEA Company
  • Federal Signal
  • McCain Traffic Systems
  • K2 Traffic Engineering, Inc
  • Horizon Signal Technologies
  • General Electric
  • Leotek Electronics USA LLC
  • Peek Traffic
  • WERMA
  • Traffic Safety Corp
  • Pat-Traffic / IRD Argentina
  • BBE Led
  • SMB Safety Equipment Manufacturing LLC
  • Mtp Traffic Sign LLC
  • Automotor Traffic Signal Co
  • Zama Traffic Signals
  • TSA International
  • Syntell (Pty) Ltd

Table Information