Press release
Steady Expansion Forecast for Transportation Lighting Market, Projected to Reach $12.26 Billion by 2029
Transportation Lighting
Transportation Lighting Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been consistent growth in the size of the transportation lighting market in past years. The market is projected to expand from $9.76 billion in 2024 to $10.24 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.0%. Factors contributing to previous growth include increased government investment, widespread acceptance of LED lights, heightened consciousness about road safety, the emergence of color-shifting LED lighting systems, and an amplified emphasis on road safety.
Transportation Lighting Market Size Forecast: What's the Projected Valuation by 2029?
Expectations show a consistent rise in the transportation lighting market size in the forthcoming years. The market is estimated to reach $12.26 billion in 2029, with a compound annual growth rate (CAGR) of 4.6%. The upward trend during the forecast years can be linked to factors like an increase in road mishaps, surge in the requirement for energy-efficient lighting, deployment of cutting-edge lighting solutions, heightened consciousness about road safety, and the influx of tourists augmenting transportation activities. Key drivers during this prediction period comprise the incorporation of intelligent lighting systems, utilization of energy-effective and eco-friendly lighting solutions, assimilation with green energy systems, the integration of sophisticated lighting technology, and an increase in research and development initiatives.
View the full report here:
https://www.thebusinessresearchcompany.com/report/transportation-lighting-global-market-report
What Are the Drivers Transforming the Transportation Lighting Market?
The growing number of road incidents is predicted to drive the development of the transportation lighting market. Factors such as the number of vehicles on the road, intoxicated driving, bad road surfaces, and adverse weather conditions contribute to the frequency of road accidents. Transportation lighting enhances visibility for motorists, making it easier to spot objects and road signs, particularly during the night and during adverse weather conditions. As an illustration, data from Eurostat, the Europe-based statistical branch of the European Union, revealed that in 2022, road accidents caused 20,653 deaths in Europe. This marked a 3.7% increase from the 19,917 recorded in 2021. Hence, the escalating rate of road mishaps is fuelling the growth of the transportation lighting market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19732&type=smp
What Long-Term Trends Will Define the Future of the Transportation Lighting Market?
Leading corporations within the transportation lighting sector are concentrating their efforts on creating cutting-edge technology like street lights to tighten road safety and amplify energy efficiency. A street light is an exterior light fixture set up on avenues, highways, and footpaths to ensure visibility for both vehicles and pedestrians during poor light situations. For example, in September 2023, Raytec, an established manufacturer and creator of LED lighting solutions from the UK, debuted their SPARTAN Street series. This brand-new range of exceptional high-performance street lighting is specifically constructed for hazardous conditions. It is remarkable for being the first product of its kind approved for deployment in Zone 1/21 environments. It also offers a version geared toward Zone 2/22 scenarios, notable for their excellent efficacy, extremely versatile design, and straightforward installation process.
Which Segments in the Transportation Lighting Market Offer the Most Profit Potential?
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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=19732&type=smp
Which Firms Dominate the Transportation Lighting Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Transportation Lighting Market?
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19732
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Steady Expansion Forecast for Transportation Lighting Market, Projected to Reach $12.26 Billion by 2029 here
News-ID: 4147268 • Views: …
More Releases from The Business Research Company
Global Semantic Knowledge Graphing Market Projected to Grow at 12.5% CAGR, Reach …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Semantic Knowledge Graphing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been significant growth in the market size of semantic knowledge graphing. It is anticipated that the market will expand from $1.49 billion in 2024 to $1.7 billion in 2025,…
Global Security Analytics Industry Outlook 2025-2029: Market Set to Cross $35.7 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Security Analytics Market Through 2025?
The market size for security analytics has rapidly expanded in the recent past. From $17 billion in 2024, it is projected to swell up to $19.74 billion in 2025, representing a compound annual growth rate (CAGR) of…
Remote Work Revolution Fueling The Surge In Robotic Process Automation (RPA) Tec …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Robotic Process Automation (RPA) In Information Technology Industry Market Size Be by 2025?
The market size of Robotic Process Automation (RPA) in Information Technology has seen an explosive growth recently. The market is projected to expand from $1.42 billion in 2024 to $1.78 billion in 2025,…
Soaring Demand Set to Propel Remote Firmware Market to $13.58 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Remote Firmware Market Size By 2025?
The market size of remote firmware has experienced substantial growth in the past few years. It is projected to increase from $7.35 billion in 2024 to $8.37 billion in 2025, with a compound annual growth rate (CAGR) of 13.8%.…
More Releases for Light
Shining a Light: Global Light Towers Market Trends 2024
"The Business Research Company recently released a comprehensive report on the Global Light Towers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Light Bulb Camera 2022: Best Light Bulb Security Camera
From anywhere in the world, you can check on your family members with this clever Light bulb camera has a concealed security camera!
In the world's population, those over the age of 50 make up an increasingly large proportion of the total. These individuals are more likely to suffer from health challenges or lives alone, which increases the hazards they face. When our elderly relatives live alone, we have a natural…
Light Sanitizer Review: Does UV Light Sanitizer Really Work?
Visit Official Website Here >> https://bit.ly/3u3lF00
【PROFESSIONAL UV LIGHT SANITIZER LAMP】 FCC, CE, RoHS Certified, EPA Est. No.96932-CHN-1. Advanced ultraviolet disinfection technology, the UV disinfectant lamp has 7 high-intensity UVC and 158 UVA double effect, 99.99% sterilization rate, Ultra Violet through radiation damage to microorganisms (bacteria, viruses, fungus, pathogen, molds, micro pests) and destroy DNA RNA, to achieving the purpose of disinfection
【240-280NM COMPREHENSIVE THOROUGH STERILIZATION】 The light transmittance of microorganisms…
What is Li-Fi (Light Fidelity Visible Light Communication)?
Light fidelity (Li-Fi)/visible light communication is wireless communication technology that uses light to transmit data and position between devices. This technology facilitates internet facilities in a closed, controlled environment such as airplanes, shopping complexes, hospitals, offices, and vehicles, among others. It is widely utilized to offer communication between electronic devices with the support of visible light, particularly the LED bulbs. This evolving technology has various advantages over currently prevalent Wi-Fi…
Global LED Lighting Market Technology Insights, Forecast to 2025 | Spot Light, S …
This report presents the worldwide LED Lighting market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The LED Lighting market was valued at Million US$ in 2017 and is…
Light Control Sensor Light Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-electronics-goods/light-control-sensor-light-market/79664
Light Control Sensor Light Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Light Control Sensor Light basics: definitions, classifications, applications and…
