Traffic Signals Market Expansion Continues, with Forecast Valuation of $34.92 Billion by 2029

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Traffic Signals Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for traffic signals has maintained a consistent growth in the past few years. The market is projected to escalate from $27.52 billion in 2024 to $28.72 billion in 2025, with a compound annual growth rate (CAGR) of 4.3%. The historical growth trends can be linked to robust economic evolution in burgeoning markets, the establishment of new traffic signals for enhanced traffic control and safety, and amplified investments in developing road infrastructure.

Traffic Signals Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for robust expansion in the traffic signals market in the forthcoming years. With a compound annual growth rate (CAGR) of 5.0%, its value is predicted to reach $34.92 billion by 2029. The anticipated growth during this period hinges on factors such as climbing urbanization rates, a surge in road traffic mishaps, and an uptick in air traffic. Emerging trends during this period encompass an emphasis on LED technologies to enhance lighting brightness, reduce power consumption, and extend lifespan, the application of artificial intelligence in monitoring traffic build-up and facilitating traffic control, and the inception of virtual traffic lights to do away with the need to halt at stoplights.

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What Are the Drivers Transforming the Traffic Signals Market?
The expansion of the traffic signals market is being fueled by the installation of new traffic signals aimed at enhancing traffic speed and reducing accident rates. Traffic signals, which are signaling systems set up at road and pedestrian intersections to control traffic flow, are a key component in this growth. For example, in May 2023, the US-based government agency, The Nevada Department of Transportation, initiated a project to add and upgrade a traffic light on U.S. 50. This initiative is expected to boost safety and mobility on the highway stretch frequented by roughly 19,000 vehicles daily. The mounting demand for new traffic signals is therefore propelling the growth of the traffic signals market.

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What Long-Term Trends Will Define the Future of the Traffic Signals Market?
The traffic signals market is witnessing the rise of artificial intelligence as a key trend. By integrating artificial intelligence into traffic signals, traffic congestion can significantly subside. Essentially, artificial intelligence or AI, mimics human intelligence in machines that have been programmed to handle tasks typically requiring human intellect, such as visual perception, speech recognition, decision-making, and language interpretation. An example of this saw light in June 2022 when the Greater Hyderabad Municipal Corporation (GHMC) rolled out new Adaptive Traffic Signal Control (ATSC) systems which adapt traffic signal colors in response to real-time traffic data. The ATSC system minimises delay by balancing local and network-level optimisation to regulate traffic on the main city routes. A novel adaptive control technique known as Composite Signal Control Strategy (CoSiCoSt) is developed by the Centre for Development of Advanced Computing (C-DAC). For area-wide, real-time traffic management, the CoSiCoSt adjusts the cycle time, green fractions, and offsets in coordination with nearby junctions.

Which Segments in the Traffic Signals Market Offer the Most Profit Potential?
The traffic signalsmarket 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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Which Firms Dominate the Traffic Signals Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest 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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