Market Overview:
The global road traffic signals market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for LED signals, owing to their energy-efficiency and longer life span as compared to ordinary signals. Additionally, the growing urbanization and development of smart cities are also contributing significantly towards the growth of this market. On the basis of type, LED traffic signals are expected to witness highest growth during the forecast period from 2018 to 2030. This can be attributed primarily due their energy-efficiency and longer life span as compared with other types of traffic signals such as ordinary signal lights or fluorescent signal lights.
Product Definition:
Road Traffic Signals are traffic control devices placed along or at intersections, to indicate the right of way that should be given to road users.
Ordinary Signals:
Ordinary signals are used to regulate, control and manage traffic at roadways. They are also known as conventional signs or traditional signs. These signals are installed at the entry and exit of every city, town and village in different shapes and sizes to indicate the number of minutes left till the next signal is due.
LED Signals:
LED signals are the latest innovation in traffic signal technology. They are more energy-efficient, durable and reliable than conventional traffic lights. The increasing need for sustainable urban planning and growing concerns over greenhouse gas emissions have led to a shift towards green alternatives such as LED signals that consume less power while offering enhanced safety features.
Application Insights:
The others application segment includes hiking and biking trail signs, deer crossing signs, and other road safety signage. The rural road segment held the largest share of over 70% in 2017. This is attributed to the rising number of rural roads across the globe as compared to urban roads. Furthermore, governments are taking initiatives for improving the condition of these roads by installing traffic signals at regular intervals along with providing ample warning time before each turn so that drivers can adjust their speed according to the situation on road and avoid any accidents.
Regional Analysis:
Asia Pacific dominated the global road traffic signals market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in vehicle production, especially after 2008, which has resulted in an increase in vehicular accidents. This factor is anticipated to drive the demand for RTKs across various countries of Asia Pacific. Moreover, increasing investments from governments as well as private companies are anticipated to boost product adoption across this region over the forecast period.
The European market was valued at USD X million in 2017 owing to growing awareness regarding road safety coupled with stringent regulations laid down by governing bodies such as ETSI.
Growth Factors:
- Increasing demand for road traffic signals from developing countries owing to the rise in urbanization and industrialization.
- Growing awareness about the benefits of using road traffic signals among government authorities, transportation planners, and engineers for improving safety and efficiency on roads.
- Technological advancements in LED-based signal systems that offer enhanced features such as energy savings, longer life spans, and better visibility under different weather conditions.
- Rising concerns over environmental pollution caused by vehicular emissions and the need for effective measures to reduce them is expected to boost demand for green or low-emitting road traffic signals in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Road Traffic Signals Market Research Report
By Type
Ordinary Signals, LED Signals
By Application
Urban Road, Rural Road, Others
By Companies
SWARCO, Dialight, Leotek, GE Current, Fama Traffic, Traffic Technologies, Anbang Electric, Sinowatcher Technology, Econolite Group, WERMA, Jingan, Trafitronics India
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Road Traffic Signals Market Report Segments:
The global Road Traffic Signals market is segmented on the basis of:
Types
Ordinary Signals, LED Signals
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
Urban Road, Rural Road, Others
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:
- SWARCO
- Dialight
- Leotek
- GE Current
- Fama Traffic
- Traffic Technologies
- Anbang Electric
- Sinowatcher Technology
- Econolite Group
- WERMA
- Jingan
- Trafitronics India
Highlights of The Road Traffic Signals 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:
- Ordinary Signals
- LED Signals
- By Application:
- Urban Road
- Rural Road
- Others
- 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 Road Traffic Signals 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?
Road traffic signals are a type of traffic control device used to regulate the flow of vehicular traffic on a road. They consist of three main elements: the light, the arm, and the stop line. The light indicates when it is safe for drivers to proceed; when the arm is extended, this means that drivers should stop; and finally, if they cross over or touch the stop line while stopped, they will be penalized.
Some of the major companies in the road traffic signals market are SWARCO, Dialight, Leotek, GE Current, Fama Traffic, Traffic Technologies, Anbang Electric, Sinowatcher Technology, Econolite Group, WERMA, Jingan, Trafitronics India.
The road traffic signals market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Road Traffic Signals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Road Traffic Signals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Road Traffic Signals Market - Supply Chain
4.5. Global Road Traffic Signals Market Forecast
4.5.1. Road Traffic Signals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Road Traffic Signals Market Size (000 Units) and Y-o-Y Growth
4.5.3. Road Traffic Signals Market Absolute $ Opportunity
5. Global Road Traffic Signals Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Road Traffic Signals Market Size and Volume Forecast by Type
5.3.1. Ordinary Signals
5.3.2. LED Signals
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Road Traffic Signals Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Road Traffic Signals Market Size and Volume Forecast by Application
6.3.1. Urban Road
6.3.2. Rural Road
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Road Traffic Signals Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Road Traffic Signals Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Road Traffic Signals Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Road Traffic Signals Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Road Traffic Signals Demand Share Forecast, 2019-2026
9. North America Road Traffic Signals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Road Traffic Signals Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Road Traffic Signals Market Size and Volume Forecast by Application
9.4.1. Urban Road
9.4.2. Rural Road
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Road Traffic Signals Market Size and Volume Forecast by Type
9.7.1. Ordinary Signals
9.7.2. LED Signals
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Road Traffic Signals Demand Share Forecast, 2019-2026
10. Latin America Road Traffic Signals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Road Traffic Signals Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Road Traffic Signals Market Size and Volume Forecast by Application
10.4.1. Urban Road
10.4.2. Rural Road
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Road Traffic Signals Market Size and Volume Forecast by Type
10.7.1. Ordinary Signals
10.7.2. LED Signals
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Road Traffic Signals Demand Share Forecast, 2019-2026
11. Europe Road Traffic Signals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Road Traffic Signals Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Road Traffic Signals Market Size and Volume Forecast by Application
11.4.1. Urban Road
11.4.2. Rural Road
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Road Traffic Signals Market Size and Volume Forecast by Type
11.7.1. Ordinary Signals
11.7.2. LED Signals
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attrativeness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Road Traffic Signals Demand Share, 2019-2026
12. Asia Pacific Road Traffic Signals Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Road Traffic Signals Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Road Traffic Signals Market Size and Volume Forecast by Application
12.4.1. Urban Road
12.4.2. Rural Road
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Road Traffic Signals Market Size and Volume Forecast by Type
12.7.1. Ordinary Signals
12.7.2. LED Signals
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Road Traffic Signals Demand Share, 2019-2026
13. Middle East & Africa Road Traffic Signals Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Road Traffic Signals Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Road Traffic Signals Market Size and Volume Forecast by Application
13.4.1. Urban Road
13.4.2. Rural Road
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Road Traffic Signals Market Size and Volume Forecast by Type
13.7.1. Ordinary Signals
13.7.2. LED Signals
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Road Traffic Signals Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Road Traffic Signals Market: Market Share Analysis
14.2. Road Traffic Signals Distributors and Customers
14.3. Road Traffic Signals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SWARCO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dialight
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Leotek
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GE Current
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fama Traffic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Traffic Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Anbang Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sinowatcher Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Econolite Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. WERMA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jingan
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Trafitronics India
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
