How the Traffic Signals Market Size and Growth Are Evolving: Key Insights for 2025

 The Business Research Company's report on the Traffic Signals Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.

Which emerging drivers are set to accelerate the growth of the traffic signals market further?

Installing new traffic signals for increasing traffic speed and reducing accidents is contributing to the growth of the traffic signals market. Traffic signals are signalling systems mounted at road crossings and pedestrian crossings to monitor traffic flows. For instance, in May 2023, The Nevada Department of Transportation, a US-based government agency, started a project to add a traffic light and upgrade U.S. 50. The project would enhance safety and mobility on the highway corridor travelled by approximately 19,000 vehicles daily. The installation of new traffic signals increased the demand for traffic signals, driving the traffic signals market growth.

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What are the key factors influencing the forecasted market size of the traffic signals industry?

The traffic signals market size has grown strongly in recent years. It will grow from $27.35 billion in 2024 to $29.05 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to strong economic growth in emerging markets, installation of new traffic signals for increased traffic and safety and increased investments in road infrastructure development.

The traffic signals market size is expected to see strong growth in the next few years. It will grow to $36.54 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to rising urbanization, increasing road traffic accidents and increased flight traffic. Major trends in the forecast period include focusing on led technologies for brighter lighting, lower power consumption, and longer lifespan, leveraging artificial intelligence to monitor traffic congestion and assist in traffic management and developing virtual traffic lights to eliminate the need for waiting at stop lights.

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Who are the leading competitors in the traffic signals market?

Major companies operating in the traffic signals market include LITE-ON Technology Corp, Econolite Group, Oriux, Swarco AG, Traffic Technologies Ltd, North America Traffic, Ver-Mac, ARCUS USA Inc, D G Controls Ltd, Alphatronics NV, Kyosan Electric Mfg. Co. Ltd., Envoys Electronic Pvt. Ltd, Sumitomo Electric Industries, Ltd., Trafitek Solutions Pvt Ltd, Efkon India Pvt., ITS Planners and Engineers, Microtrans Infratech Pvt. Ltd, Onnyx Electronisys Pvt. Ltd, Pfannenberg Group Holding, BELFOX Torautomatik GmbH, Dialight, SRL, E2S Warning Signals, Johnson Controls, ELINTEL, La Semaforica srl, CROSS Zlín, a.s, SEA Company, Federal Signal, McCain Traffic Systems, K2 Traffic Engineering, Inc, Horizon Signal Technologies, General Electric, Leotek Electronics USA LLC, Peek Traffic, WERMA, Traffic Safety Corp, Pat-Traffic / IRD Argentina, BBE Led, SMB Safety Equipment Manufacturing LLC, Mtp Traffic Sign LLC, Automotor Traffic Signal Co, Zama Traffic Signals, TSA International, Syntell (Pty) Ltd

Which emerging trends are set to transform the traffic signals market landscape?

Artificial intelligence is seen as an emerging trend in the traffic signals market. Traffic signals with artificial intelligence can reduce traffic congestion. Artificial intelligence (AI) refers to human intelligence simulation in machines that are programmed and capable of performing tasks that normally requires human intelligence such as visual perception, speech recognition, decision making, and language translation. For instance, in June 2022, Greater Hyderabad Muncipal Corporation (GHMC), has deployed new Adaptive Traffic Signal Control (ATSC) systems that alter the color of traffic signals based on real-time traffic information. The ATSC system reduces delays by combining local and network-level optimization to optimize traffic flow along the city's principal corridors. Composite Signal Control Strategy (CoSiCoSt), a new adaptive control technique, is created by the Centre for Development of Advanced Computing (C-DAC). To handle area-wide, real-time traffic, the CoSiCoSt modifies the cycle time, green splits, and offsets in conjunction with surrounding intersections.

How do different geographies compare in terms of market share and growth potential in the traffic signals market?

Asia-Pacific was the largest region in the traffic signals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global traffic signals market report during the forecast period. The regions covered in the traffic signals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Which major segments of the traffic signals market are experiencing the fastest growth?

The traffic signals market covered in this report is segmented –

1) By Type Of Power: Electric Power, Solar Energy

2) By Product Type: Portable, Stationary

3) By End-User: Railway, Airport, Urban Traffic, Other End Users

Subsegments:

1) By Electric Power: Conventional Electric Traffic Signals, LED Traffic Signals Powered By Electricity, Smart Traffic Signals Connected To The Power Grid

2) By Solar Energy: Solar-powered Traffic Signals, Hybrid Systems (Solar And Electric), Standalone Solar Traffic Lights For Remote Locations

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What defines the structure and scope of the traffic signals market?

Traffic signals are devices installed alongside, beside, or above a roadway to direct, warn, and regulate the flow of traffic, including motor vehicles, motorcycles, bicycles, pedestrians, and other road users.

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