Global Traffic Signals Market Value Expected To Reach $165.76 Billion By 2023

The Business Research Company offers " Traffic Signals Global Market Report 2020" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global traffic signals market was worth $142.05 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 3.93% and reach $165.76 billion by 2023.

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The traffic signals market consists of sales of traffic signals and related services. They are used in safeguarding pedestrians and automobiles at busy intersections and prevents excessive traffic delays. Traffic signals, also known as traffic lights are signaling devices located at intersections between roads, pedestrian crossings and other locations to ensure safety in the orderly flow of traffic.

Installing new traffic signals for increasing traffic speed and reducing accidents is contributing to the growth of the traffic signals market. Traffic signals are signaling systems mounted at road crossings and pedestrian crossings to monitor traffic flows. For instance, in 2020, according to The Korea Bizwire, The Korea Road Traffic Authority selected 80 intersections in the major urban areas of the country where gridlock is serious or traffic accidents occur regularly, and installed new traffic signals at the intersections that will help in reducing accidents and increases traffic Speed. This will lead to a better road infrastructure, with greater demand for traffic signals, which will boost the market growth. The installation of new traffic signals increased the demand for traffic signals, driving the market.

Traffic Signals Market Segmentation: -
By Type Of Power
Electric Power
Solar Energy

By Product Type
Portable
Stationary

By End Use
Railway
Airport
UrbanTraffic
Others

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Few Points From Table Of Content
1. Executive Summary
2. Traffic Signals Market Characteristics
3. Traffic Signals Market Size And Growth
4. Traffic Signals Market Segmentation
5. Traffic Signals Market Regional And Country Analysis
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25. Traffic Signals Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Traffic Signals Market
27. Traffic Signals Market Trends And Strategies
28. Traffic Signals Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the Traffic Signals Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Traffic Signals Market are SWARCO AG, Envoys, Aldridge Traffic Systems, Federal Signal, DG Controls, Econolite Group, Horizon Signal Technologies, Arcus Light, and General Electric.

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