Global Traffic Lights Market 2025-2029

Traffic Lights Market 2025-2029

The traffic lights market is forecasted to grow by USD 763.7 mn during 2024-2029, accelerating at a CAGR of 6.8% 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.

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 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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's traffic lights market is segmented as below:

By Application

• Road
• Railway
• Construction

By Product

• Incandescent
• LED

By Technology

• Fixed-time signals
• Actuated signals
• Adaptive signals
• Connected signals

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the accelerated adoption of led traffic lights as one of the prime reasons driving the traffic lights market growth during the next few years. Also, introduction of smart traffic lights and provision of portable traffic lights will lead to sizable demand in the market.

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 robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading traffic lights market vendors that include Alphatronics NV, ARCUS USA Inc., Current Lighting Solutions LLC, D G Controls Ltd., Econolite Control Products Inc., Envoys Electronic Pvt. Ltd., Federal Signal Corp., Horizon Signal Technologies Inc., LITE ON Technology Corp., Mobotrex Inc., North America Traffic, Oriux, Pfannenberg Group Holding GmbH, Shenzhen Fama Intelligent Equipment Co. Ltd, SRL Traffic Systems Ltd., SWARCO AG, Traffic Technologies Ltd., Trastar Inc., and Ver Mac. Also, the traffic lights market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher 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 primary and secondary research. 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 accurate market growth.