Market Overview:
The global signal lights market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LED signal lights and flash signal lights, owing to their low power consumption and longer life span as compared to traditional light sources. In addition, the increasing adoption of these lights in automotive applications is also contributing significantly to the growth of this market. The global signal lights market is segmented on the basis of type, application, and region. On the basis of type, it is divided into LED signal lights and flash signal Lights.
Product Definition:
A signal light is a device used to indicate the presence of a train or other railway vehicle, and to give instructions to road users.
LED Signal Lights:
LED signal lights is a new-age technological advancement in the field of traffic signals and road safety. It's an innovative approach to replace traditional street lighting systems that are based on incandescent bulbs. The modern LED signal light system has several advantages over its traditional counterpart, which include longer life span, lower power consumption, and better visual clarity owing to better quality lenses used in the former as compared to the latter.
Flash Signal Lights:
The flash signal lights are used to communicate with other road users such as pedestrians, cyclists and drivers. It is a series of short, quick light flashes that are used to indicate an urgent warning or call for action. The duration of the flash varies according to the urgency and importance of the message. These signals can be seen by people with normal eyesight but they need a special device known as a photometer for measuring its brightness so that they can understand it properly.
Application Insights:
The traffic lights segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. This can be attributed to growing urbanization, which has resulted in an increase in road infrastructure requirements, thereby necessitating an increase in the number of signal lights. Furthermore, governments around the world are focusing on improving road safety by installing advanced signaling systems at intersections and other critical locations such as pedestrian crossings. As a result, demand for global signal light systems is expected to grow over the forecast period.
Automotive applications include daytime running lights (DRL), turn indicators and headlamps that flash when it rains or snows so that drivers know not to drive or walk on roads during inclement weather conditions.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to well-established infrastructure and growing adoption of advanced technologies. The U.S., in particular, is one of the most developed countries with respect to technology adoption and has a strong focus on innovation. This factor will have a positive impact on global signal lights market growth in North America.
Europe held significant share as of 2017 due to increasing road accidents in European countries such as Russia, Germany, Italy, France and others which led authorities concerned for improving safety measures at traffic intersections using light signals or glow signs thus leading them adopt these globally available products for better visibility at night time reducing human errors associated with it thereby boosting product demand across this region.
Growth Factors:
- Increasing demand for signal lights in the automotive industry as a result of increasing safety concerns.
- Growing demand for LED signal lights, which are more energy-efficient and durable than traditional incandescent bulbs.
- Rising popularity of autonomous vehicles, which require sophisticated signaling systems to communicate with other vehicles and pedestrians.
- Proliferation of smart cities, which are increasingly using signal lights to manage traffic flow and optimize transportation networks.
- Advances in lighting technology that allow for more efficient and cost-effective deployment of signal lights
Scope Of The Report
Report Attributes
Report Details
Report Title
Signal Lights Market Research Report
By Type
LED Signal Lights, Flash Signal Lights
By Application
Automotive, Traffic Lights, Warning Signal, Other
By Companies
Emerson, Grote Industries, WISKA Lighting, J.W. Speaker, Federal Signal, Arcus Light, Philips Lighting, Emerson
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Signal Lights Market Report Segments:
The global Signal Lights market is segmented on the basis of:
Types
LED Signal Lights, Flash Signal Lights
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Traffic Lights, Warning Signal, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emerson
- Grote Industries
- WISKA Lighting
- J.W. Speaker
- Federal Signal
- Arcus Light
- Philips Lighting
- Emerson
Highlights of The Signal Lights Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED Signal Lights
- Flash Signal Lights
- By Application:
- Automotive
- Traffic Lights
- Warning Signal
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Signal Lights Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Signal lights are a type of traffic signal that indicate when the green light is available to proceed through the intersection.
Some of the major companies in the signal lights market are Emerson, Grote Industries, WISKA Lighting, J.W. Speaker, Federal Signal, Arcus Light, Philips Lighting, Emerson.
The signal lights market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Signal Lights Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Signal Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Signal Lights Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Signal Lights Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Signal Lights Market Size & Forecast, 2018-2028
4.5.1 Signal Lights Market Size and Y-o-Y Growth
4.5.2 Signal Lights Market Absolute $ Opportunity
Chapter 5 Global Signal Lights Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Signal Lights Market Size Forecast by Type
5.2.1 LED Signal Lights
5.2.2 Flash Signal Lights
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Signal Lights Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Signal Lights Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Traffic Lights
6.2.3 Warning Signal
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Signal Lights Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Signal Lights Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Signal Lights Analysis and Forecast
9.1 Introduction
9.2 North America Signal Lights Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Signal Lights Market Size Forecast by Type
9.6.1 LED Signal Lights
9.6.2 Flash Signal Lights
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Signal Lights Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Traffic Lights
9.10.3 Warning Signal
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Signal Lights Analysis and Forecast
10.1 Introduction
10.2 Europe Signal Lights Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Signal Lights Market Size Forecast by Type
10.6.1 LED Signal Lights
10.6.2 Flash Signal Lights
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Signal Lights Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Traffic Lights
10.10.3 Warning Signal
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Signal Lights Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Signal Lights Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Signal Lights Market Size Forecast by Type
11.6.1 LED Signal Lights
11.6.2 Flash Signal Lights
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Signal Lights Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Traffic Lights
11.10.3 Warning Signal
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Signal Lights Analysis and Forecast
12.1 Introduction
12.2 Latin America Signal Lights Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Signal Lights Market Size Forecast by Type
12.6.1 LED Signal Lights
12.6.2 Flash Signal Lights
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Signal Lights Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Traffic Lights
12.10.3 Warning Signal
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Signal Lights Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Signal Lights Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Signal Lights Market Size Forecast by Type
13.6.1 LED Signal Lights
13.6.2 Flash Signal Lights
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Signal Lights Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Traffic Lights
13.10.3 Warning Signal
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Signal Lights Market: Competitive Dashboard
14.2 Global Signal Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson
14.3.2 Grote Industries
14.3.3 WISKA Lighting
14.3.4 J.W. Speaker
14.3.5 Federal Signal
14.3.6 Arcus Light
14.3.7 Philips Lighting
14.3.8 Emerson
