Product Code: IRTNTR43272
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.
Market Scope |
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 6.1% |
CAGR | 6.8% |
Incremental Value | $763.7 mn |
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
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.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Traffic Lights Market 2019 - 2023
- Historic Market Size - Data Table on Global Traffic Lights Market 2019 - 2023 ($ million)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.3 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ million)
- 5.4 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ million)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI in the Global Traffic Lights Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 Road - Market size and forecast 2024-2029
- Chart on Road - Market size and forecast 2024-2029 ($ million)
- Data Table on Road - Market size and forecast 2024-2029 ($ million)
- Chart on Road - Year-over-year growth 2024-2029 (%)
- Data Table on Road - Year-over-year growth 2024-2029 (%)
- 8.4 Railway - Market size and forecast 2024-2029
- Chart on Railway - Market size and forecast 2024-2029 ($ million)
- Data Table on Railway - Market size and forecast 2024-2029 ($ million)
- Chart on Railway - Year-over-year growth 2024-2029 (%)
- Data Table on Railway - Year-over-year growth 2024-2029 (%)
- 8.5 Construction - Market size and forecast 2024-2029
- Chart on Construction - Market size and forecast 2024-2029 ($ million)
- Data Table on Construction - Market size and forecast 2024-2029 ($ million)
- Chart on Construction - Year-over-year growth 2024-2029 (%)
- Data Table on Construction - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by Product
- 9.1 Market segments
- Chart on Product - Market share 2024-2029 (%)
- Data Table on Product - Market share 2024-2029 (%)
- 9.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 9.3 Incandescent - Market size and forecast 2024-2029
- Chart on Incandescent - Market size and forecast 2024-2029 ($ million)
- Data Table on Incandescent - Market size and forecast 2024-2029 ($ million)
- Chart on Incandescent - Year-over-year growth 2024-2029 (%)
- Data Table on Incandescent - Year-over-year growth 2024-2029 (%)
- 9.4 LED - Market size and forecast 2024-2029
- Chart on LED - Market size and forecast 2024-2029 ($ million)
- Data Table on LED - Market size and forecast 2024-2029 ($ million)
- Chart on LED - Year-over-year growth 2024-2029 (%)
- Data Table on LED - Year-over-year growth 2024-2029 (%)
- 9.5 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)
10 Market Segmentation by Technology
- 10.1 Market segments
- Chart on Technology - Market share 2024-2029 (%)
- Data Table on Technology - Market share 2024-2029 (%)
- 10.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
- 10.3 Fixed-time signals - Market size and forecast 2024-2029
- Chart on Fixed-time signals - Market size and forecast 2024-2029 ($ million)
- Data Table on Fixed-time signals - Market size and forecast 2024-2029 ($ million)
- Chart on Fixed-time signals - Year-over-year growth 2024-2029 (%)
- Data Table on Fixed-time signals - Year-over-year growth 2024-2029 (%)
- 10.4 Actuated signals - Market size and forecast 2024-2029
- Chart on Actuated signals - Market size and forecast 2024-2029 ($ million)
- Data Table on Actuated signals - Market size and forecast 2024-2029 ($ million)
- Chart on Actuated signals - Year-over-year growth 2024-2029 (%)
- Data Table on Actuated signals - Year-over-year growth 2024-2029 (%)
- 10.5 Adaptive signals - Market size and forecast 2024-2029
- Chart on Adaptive signals - Market size and forecast 2024-2029 ($ million)
- Data Table on Adaptive signals - Market size and forecast 2024-2029 ($ million)
- Chart on Adaptive signals - Year-over-year growth 2024-2029 (%)
- Data Table on Adaptive signals - Year-over-year growth 2024-2029 (%)
- 10.6 Connected signals - Market size and forecast 2024-2029
- Chart on Connected signals - Market size and forecast 2024-2029 ($ million)
- Data Table on Connected signals - Market size and forecast 2024-2029 ($ million)
- Chart on Connected signals - Year-over-year growth 2024-2029 (%)
- Data Table on Connected signals - Year-over-year growth 2024-2029 (%)
- 10.7 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 12.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.9 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.10 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.11 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.12 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.13 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.14 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.15 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.16 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.17 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
13 Drivers, Challenges, and Opportunity/Restraints
- 13.1 Market drivers
- 13.2 Market challenges
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities/restraints
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Alphatronics NV
- Alphatronics NV - Overview
- Alphatronics NV - Product / Service
- Alphatronics NV - Key offerings
- SWOT
- 15.5 ARCUS USA Inc.
- ARCUS USA Inc. - Overview
- ARCUS USA Inc. - Product / Service
- ARCUS USA Inc. - Key offerings
- SWOT
- 15.6 Current Lighting Solutions LLC
- Current Lighting Solutions LLC - Overview
- Current Lighting Solutions LLC - Product / Service
- Current Lighting Solutions LLC - Key offerings
- SWOT
- 15.7 D G Controls Ltd.
- D G Controls Ltd. - Overview
- D G Controls Ltd. - Product / Service
- D G Controls Ltd. - Key offerings
- SWOT
- 15.8 Econolite Control Products Inc.
- Econolite Control Products Inc. - Overview
- Econolite Control Products Inc. - Product / Service
- Econolite Control Products Inc. - Key offerings
- SWOT
- 15.9 Envoys Electronic Pvt. Ltd.
- Envoys Electronic Pvt. Ltd. - Overview
- Envoys Electronic Pvt. Ltd. - Product / Service
- Envoys Electronic Pvt. Ltd. - Key offerings
- SWOT
- 15.10 Federal Signal Corp.
- Federal Signal Corp. - Overview
- Federal Signal Corp. - Business segments
- Federal Signal Corp. - Key offerings
- Federal Signal Corp. - Segment focus
- SWOT
- 15.11 LITE ON Technology Corp.
- LITE ON Technology Corp. - Overview
- LITE ON Technology Corp. - Business segments
- LITE ON Technology Corp. - Key news
- LITE ON Technology Corp. - Key offerings
- LITE ON Technology Corp. - Segment focus
- SWOT
- 15.12 Mobotrex Inc.
- Mobotrex Inc. - Overview
- Mobotrex Inc. - Product / Service
- Mobotrex Inc. - Key offerings
- SWOT
- 15.13 North America Traffic
- North America Traffic - Overview
- North America Traffic - Product / Service
- North America Traffic - Key offerings
- SWOT
- 15.14 Oriux
- Oriux - Overview
- Oriux - Product / Service
- Oriux - Key offerings
- SWOT
- 15.15 SRL Traffic Systems Ltd.
- SRL Traffic Systems Ltd. - Overview
- SRL Traffic Systems Ltd. - Product / Service
- SRL Traffic Systems Ltd. - Key offerings
- SWOT
- 15.16 SWARCO AG
- SWARCO AG - Overview
- SWARCO AG - Product / Service
- SWARCO AG - Key offerings
- SWOT
- 15.17 Traffic Technologies Ltd.
- Traffic Technologies Ltd. - Overview
- Traffic Technologies Ltd. - Product / Service
- Traffic Technologies Ltd. - Key offerings
- SWOT
- 15.18 Trastar Inc.
- Trastar Inc. - Overview
- Trastar Inc. - Product / Service
- Trastar Inc. - Key offerings
- SWOT
16 Appendix
- 16.1 Scope of the report
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations