Traffic lights are an important element of traffic safety management to maintain safety on road for pedestrians and drivers. Increasing accidents and fatalities have driven the growth of the traffic lights market, as traffic lights provide drivers control on road and improve the flow of traffic.
Another factor that has driven the growth of the market is the improvement in traffic flow regulations by traffic safety organizations by constantly upgrading and maintaining them and creating various pedestrian facilities, extra street lighting, traffic signal modifications, and signage marking improvements.
The report analysts forecast the global traffic lights market to grow at a CAGR of 6.04% during the period 2017-2021.
Covered in this report:
The report covers the present scenario and the growth prospects of the global traffic lights market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of traffic lights (portable traffic lights and traffic lamps) at the manufacturer level.
The market is divided into the following segments based on geography:
Another factor that has driven the growth of the market is the improvement in traffic flow regulations by traffic safety organizations by constantly upgrading and maintaining them and creating various pedestrian facilities, extra street lighting, traffic signal modifications, and signage marking improvements.
The report analysts forecast the global traffic lights market to grow at a CAGR of 6.04% during the period 2017-2021.
Covered in this report:
The report covers the present scenario and the growth prospects of the global traffic lights market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of traffic lights (portable traffic lights and traffic lamps) at the manufacturer level.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Traffic Lights Market has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors ?operating in this market.
Key vendors
Key vendors
- Federal Signal
- Econolite
- SWARCO
Other prominent vendors
- Aldridge Traffic Systems
- Alphatronics
- Arcus Light
- D.G. Controls
- E2S Warning Signals
- Envoys
- Horizon Signal Technologies
- North America Traffic
- Peek Traffic Corporation
- Pfannenberg
- Trastar
- WERMA Signaltechnik
- Ver-Mac
Market driver
- Improving traffic flow regulations
- For a full, detailed list, view our report
Market challenge
- Issues with co-ordination of signal timings
- For a full, detailed list, view our report
Market trend
- Accelerated adoption of LED traffic lights
- For a full, detailed list, view our report
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Key questions answered in this report
http://www.radiantinsights.com/research/global-traffic-lights-market-2017-2021/request-sample
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors ?
- What are the strengths and weaknesses of the key vendors ?
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