Press release
Transportation Lighting Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Transportation Lighting
What Is the Expected Transportation Lighting Market Size During the Forecast Period?
The transportation lighting market size will grow from $9.76 billion in 2024 to $10.24 billion in 2025 at a CAGR of 5.0%. The growth in the historic period can be attributed to increasing government investments, adoption of LED lights, greater awareness about road safety, rising popularity of color-changing LED lighting systems, and a focus on road safety.
The transportation lighting market size is projected to reach $12.26 billion by 2029, with a CAGR of 4.6%. Growth factors include rising road accidents, the demand for energy-efficient lighting, the introduction of advanced lighting solutions, awareness about road safety, and increasing transportation activities. Trends include smart lighting integration, energy-efficient and sustainable solutions, renewable energy system integration, advanced lighting technology, and growing R&D efforts.
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What Are the High-Growth Segments in the Transportation Lighting Market?
The transportation lightingmarket covered in this report is segmented -
1) By Technology: Light Emitting Diode (LED), High-Intensity Discharge (HID), Fluorescent, Other Technologies
2) By Installation: Replacement Installation, Retrofit Installation, New Installation
3) By Application: Subway Station, Train Station, Airport, Other Applications
4) By End-User: Area, High Bay, High Mast, Road, Other End-Users
Subsegments:
1) Light Emitting Diode (LED): Standard LED Lighting, Adaptive LED Lighting
2) High-Intensity Discharge (HID): Metal Halide, High-Pressure Sodium
3) Fluorescent: Compact Fluorescent Lights (CFL), Linear Fluorescent Lights
4) Other Technologies: Incandescent Lighting, Halogen Lighting
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What Key Drivers Are Expected to Influence Future Transportation Lighting Market Growth?
The rise in road accidents is expected to propel the growth of the transportation lighting market. Factors such as vehicle population, impaired driving, poor road conditions, and weather contribute to more accidents, which increase the demand for better visibility through transportation lighting. In March 2024, Eurostat reported a 3.7% rise in road accident fatalities in Europe from 2021 to 2022, leading to a higher need for advanced lighting systems to improve safety.
Which Companies Hold the Largest Share Across Different Transportation Lighting Market Segments?
Major companies operating in the transportation lighting market are ABB Ltd., Eaton Corporation plc, STMicroelectronics N.V, WSP Global Inc., Signify N.V., Hella GmbH & Co. KGaA, Intertek Group plc, Holophane Lighting Limited, Lumileds Holding B.V., Seoul Semiconductor Co. Ltd., Cree Lighting USA LLC, Dialight plc, J.W. Speaker Corporation, AGC Lighting Co. Ltd., LEDiL, Kenall Manufacturing, Luminus Devices, Transportation Solutions and Lighting Inc., Current Lighting Solutions LLC, Urban Solar Group Inc., Detroit Trading and Sourcing LLC, Fagerhults Belysning AB
What Trends Are Driving Growth in The Transportation Lighting Market?
In the transportation lighting market, leading companies are developing advanced street lighting technologies to improve road safety and energy efficiency. Street lights illuminate roads and pedestrian pathways, particularly in low-light conditions. For example, in September 2023, Raytec, a UK-based LED lighting solutions provider, launched SPARTAN Street, an advanced range of street lighting designed for hazardous environments. These luminaires are certified for use in Zones 1/21 and 2/22, offering outstanding efficacy, flexible design, and ease of installation.
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What Are the Emerging Geographies for The Transportation Lighting Market Growth?
Asia-Pacific was the largest region in the transportation lighting market in 2024. The regions covered in the transportation lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Transportation Lighting Market?
2. What is the CAGR expected in the Transportation Lighting Market?
3. What Are the Key Innovations Transforming the Transportation Lighting Industry?
4. Which Region Is Leading the Transportation Lighting Market?
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