Traffic lights are an important element of traffic safety management to maintain safety on road for pedestrians and drivers.
Proper traffic flow and following road safety management can reduce road traffic accidents and injuries. Increasing number of accidents and injuries on road have driven the market for traffic lights, especially in developing countries. The retrofitting of incandescent traffic lights with LED lights in major developed countries has contributed to the growth of the traffic lights market. The development of safer roads has a positive impact on the economic development of a country, as it allows faster transportation and rapid transit systems. Increasing infrastructure investment in various countries has driven the traffic lights market significantly.
The Americas were the major revenue contributor to the market during 2017 and are expected to continue their market dominance throughout the predicted period as well. The introduction of smart traffic lights to reduce traffic congestions in North America and major road infrastructure development projects in South America such as the introduction of the fourth generation (4G) road infrastructure program by the government of Columbia, will fuel the market’s growth prospects in this region.
In 2019, the market size of Traffic Lights is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Traffic Lights.
This report studies the global market size of Traffic Lights, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Traffic Lights production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Aldridge Traffic Systems
D.G. Controls
E2S Warning Signals
Horizon Signal Technologies
North America Traffic
Pfannenberg
WERMA Signaltechnik
Ver-Mac
Market Segment by Product Type
Incandescent Traffic Lights
LED Traffic Lights
Market Segment by Application
Road
Railway
Construction
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Traffic Lights status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Traffic Lights manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Traffic Lights are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Traffic Lights. Industry analysis & Market Report on Traffic Lights is a syndicated market report, published as Global (United States, European Union and China) Traffic Lights Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Traffic Lights market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.