Transportation Lighting Market Report 2024

This Transportation Lighting market 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 transportation lighting market size has grown steadily in recent years. It will grow from $9.33 billion in 2023 to $9.76 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth during the historic period can be attributed to several factors, including increased government investments, the rising adoption of LED lights, heightened awareness of road safety, the growing popularity of color-changing LED lighting systems, and a stronger focus on improving road safety.

The transportation lighting market size is expected to see steady growth in the next few years. It will grow to $11.73 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The anticipated growth during the forecast period can be attributed to several factors, including a rise in road accidents, increasing demand for energy-efficient lighting, the introduction of advanced lighting solutions, greater awareness of road safety, and a growing number of transportation activities and foreign visitors. Key trends expected to influence the market include the integration of smart lighting systems, the adoption of energy-efficient and sustainable lighting solutions, incorporation with renewable energy systems, advancements in lighting technology, and increased research and development activities.

The rising incidence of road accidents is anticipated to drive growth in the transportation lighting market. Factors contributing to the increase in road accidents include higher vehicle populations, drunk driving, poor road conditions, and adverse weather conditions. Transportation lighting enhances driver visibility, helping them to see objects and road signs more clearly, particularly at night or in poor weather conditions. For example, Eurostat reported in March 2024 that in 2022, road accidents in Europe resulted in 20,653 fatalities, a 3.7% increase from 19,917 deaths in 2021. This rising incidence of road accidents is expected to propel the transportation lighting market.

Leading companies in the transportation lighting market are focusing on developing advanced technologies, such as street lights, to improve road safety and enhance energy efficiency. Street lights are outdoor lighting fixtures installed along roads, highways, and pedestrian pathways to provide illumination for both vehicles and pedestrians in low-light conditions. For example, in September 2023, Raytec, a UK-based manufacturer of LED lighting solutions, launched the SPARTAN Street range. This innovative line of high-performance street lighting is specifically designed for hazardous environments. Notably, it is the first luminaire certified for use in Zone 1/21 environments, with a variant also available for Zone 2/22 applications. It offers exceptional efficacy, a flexible design, and ease of installation, making it a standout in the market.

In April 2024, Arcosa, Inc., a U.S.-based provider of infrastructure-related products, acquired Ameron Pole Products from NOV, Inc. for $180 million. This acquisition aims to strengthen Arcosa's position in the infrastructure sector by expanding its portfolio to include traffic and telecommunication structures, while also entering the concrete and steel pole lighting market. NOV, Inc., a U.S.-based technology company, offers a variety of products that support energy transition initiatives.

Major companies operating in the transportation lighting market are ABB Ltd., Eaton Corporation plc, STMicroelectronics N.V, WSP Global Inc., Signify N.V., Hella GmbH & Co. KGaA, Intertek Group plc, Holophane Lighting Limited, Lumileds Holding B.V., Seoul Semiconductor Co. Ltd., Cree Lighting USA LLC, Dialight plc, J.W. Speaker Corporation, AGC Lighting Co. Ltd., LEDiL, Kenall Manufacturing, Luminus Devices, Transportation Solutions and Lighting Inc., Current Lighting Solutions LLC, Urban Solar Group Inc., Detroit Trading and Sourcing LLC, Fagerhults Belysning AB.

Asia-Pacific was the largest region in the transportation lighting market in 2023. The regions covered in the transportation lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the transportation lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Transportation lighting involves lighting systems designed to illuminate public transportation infrastructure. These lighting systems improve visibility for road signs, lane markings, and traffic signals, helping drivers, pilots, and pedestrians avoid potential hazards. They enhance safety and navigation by providing clear visibility for vehicles, pedestrians, and transportation infrastructure.

The main types of transportation lighting technologies include light-emitting diodes (LEDs), high-intensity discharge (HID) lamps, fluorescent lights, and other options. LED technology is particularly notable for its high efficiency, long lifespan, low energy consumption, and minimal heat production, making it well-suited for transportation lighting applications. Installation types include replacement, retrofit, and new installations, serving various applications such as subway stations, train stations, and airports. These lighting systems are utilized by different end-users, including those for area lighting, high bay lighting, high mast lighting, and road lighting.

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

The transportation lighting market consists of revenues earned by entities by providing services such as roadway illumination, airport lighting, parking lot lighting, tunnel lighting, and underpass lighting. The market value includes the value of related goods sold by the service provider or included within the service offering. The transportation lighting market also includes sales of controllers, poles, fixtures, and bulbs. 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.

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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