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Global Traffic Lights Market 2017-2021

Global Traffic Lights Market 2017-2021

About Traffic Lights

Traffic lights are an important element of traffic safety management to maintain safety on road for pedestrians and drivers. Increasing accidents and fatalities have driven the growth of the traffic lights market, as traffic lights provide drivers control on road and improve the flow of traffic. Another factor that has driven the growth of the market is the improvement in traffic flow regulations by traffic safety organizations by constantly upgrading and maintaining them and creating various pedestrian facilities, extra street lighting, traffic signal modifications, and signage marking improvements.

Technavio’s analysts forecast the global traffic lights market to grow at a CAGR of 6.04% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global traffic lights market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of traffic lights (portable traffic lights and traffic lamps) at the manufacturer level.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Traffic Lights Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Federal Signal
  • Econolite
  • SWARCO
Other prominent vendors
  • Aldridge Traffic Systems
  • Alphatronics
  • Arcus Light
  • D.G. Controls
  • E2S Warning Signals
  • Envoys
  • Horizon Signal Technologies
  • North America Traffic
  • Peek Traffic Corporation
  • Pfannenberg
  • Trastar
  • WERMA Signaltechnik
  • Ver-Mac
Market driver
  • Improving traffic flow regulations
  • For a full, detailed list, view our report
Market challenge
  • Issues with co-ordination of signal timings
  • For a full, detailed list, view our report
Market trend
  • Accelerated adoption of LED traffic lights
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Traffic Lights Market 2017-2021

Technavio recognizes the following companies as the key players in the global traffic lights market: Federal Signal, Econolite, and SWARCO.

Other Prominent Vendors in the market are: Aldridge Traffic Systems, Alphatronics, Arcus Light, D.G. Controls, E2S Warning Signals, Envoys, Horizon Signal Technologies, North America Traffic, Peek Traffic Corporation, Pfannenberg, Trastar, WERMA Signaltechnik, and Ver-Mac.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is accelerated adoption of LED traffic lights. Globally, conventional traffic lights use the incandescent source of light which, are cost efficient. However, these lights consume are not energy efficient and require regular maintenance. Therefore, manufacturers are focusing on the introduction of LED-based lights that are not only energy and cost efficient, but are also extremely durable compared with incandescent lights. LED is a rapidly growing technology in the light industry.”

According to the report, one of the major drivers for this market is improving traffic flow regulations. As roads remain the world's primary mode of transportation, improved traffic flow regulations are being considered for the economic development of countries. The safety of pedestrians and vehicle owners and efficient transportation are major factors impacting the growth of countries. Various road safety measures and solutions for improved traffic flow are studied and the incorporation of traffic lights is one such solution to avoid traffic congestion.

Further, the report states that one of the major factors hindering the growth of this market is issues with co-ordination of signal timings. Signal timing is a crucial factor for the safe and efficient functioning of traffic. Assessing and implementing appropriate signal timing helps improve traffic flow, reduces the waiting time, and saves fuel. To obtain optimum efficiency, traffic signals should be monitored regularly and signal timings should be reset based on traffic patterns, volume, and speed. Regularly optimized traffic light signaling systems benefit the population several ways.



Companies Mentioned

Federal Signal, Econolite, SWARCO, Aldridge Traffic Systems, Alphatronics, Arcus Light, D.G. Controls, E2S Warning Signals, Envoys, Horizon Signal Technologies, North America Traffic, Peek Traffic Corporation, Pfannenberg, Trastar, WERMA Signaltechnik, Ver-Mac.

  • Executive summary
  • Scope of the report
    • Market overview
    • Vendor segmentation
    • Common currency conversion rates
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Overview
      • Table Importance of traffic lights
      • Table Traffic lights: Modes of operation (fixed time vs vehicle actuation)
    • Market size and forecast by revenue
      • Table Global traffic lights market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Overview
      • Table Global traffic lights market by product type
      • Table Global traffic lights market by product type 2016
      • Table Global traffic lights market by product type: CAGR 2016-2021
      • Table Global traffic lights market by product type 2021
    • Global incandescent traffic lights market
      • Table Global traffic lights market for incandescent light 2016-2021 ($ millions)
    • Global LED traffic lights market
      • Table Advantages of LED-based lights
      • Table Advantages of LED technology
      • Table Power consumption of LED vs incandescent traffic lights (Watts)
      • Table Global traffic lights market for LED light 2016-2021 ($ millions)
    • Segmentation summary
      • Table Global traffic lights market by product type 2016-2021 ($ millions)
  • Geographical segmentation
    • Overview
      • Table Global traffic light market 2016
      • Table Global traffic lights market by geography: CAGR 2016-2021
      • Table Global traffic lights market 2021
    • Traffic lights market in Americas
      • Table Some major projects that are upcoming and ongoing in South America
      • Table Traffic lights market in Americas 2016-2021 ($ millions)
    • Traffic lights market in EMEA
      • Table Key examples of road development activities in Africa
      • Table Traffic lights market in EMEA 2016-2021 ($ millions)
    • Traffic lights market in APAC
      • Table Road fatalities, injuries, and accidents in India 2014-2015
      • Table Traffic lights market in APAC 2016-2021 ($ millions)
    • Segmentation summary
      • Table Global traffic lights market by geography 2016-2021 ($ millions)
  • Market drivers
    • Table Increase in traffic deaths in four states of US 2014-2015
    • Table Number of fatalities in US roads by type of vehicle 2014-2015
    • Table Investments in transport infrastructure for top five countries 2015 ($ billions)
  • Impact of drivers
    • Table Impact on key customers
  • Market challenges
    • Table Benefits of optimized traffic light signaling
    • Table Examples of locations of traffic delays due to signal non-coordination
    • Table Drawbacks of non-coordinated traffic light signaling
    • Table Drawback of traffic lights during bad weather
    • Table Examples of rear-end collisions due to unnecessary installation at various locations
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Advantages of LED-based traffic lights
    • Table Smart traffic lights and conventional traffic lights: CAGR 2016-2021
    • Table Vendors of portable traffic lights: Key examples
    • Table Advantages of portable traffic lights
  • Vendor landscape
    • Competitive scenario
    • Key vendor ranking
      • Table Global traffic lights market: Key vendor ranking 2016
    • Emerging vendors
      • Table General Electric: Business segmentation 2016
    • Other prominent vendors
  • Key vendor analysis
    • Federal Signal
      • Table Federal Signal: Business segmentation 2016
    • Econolite
      • Table Econolite: Business segmentation 2016
    • SWARCO
      • Table SWARCO: Business segmentation 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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