Press release
Future Perspective: Key Trends Shaping the Transportation Lighting Market Up to 2030
Transportation Lighting Market
Forecasted Growth Trajectory of the Transportation Lighting Market Size to 2030
The transportation lighting market is projected to reach a value of $12.79 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.5%. This upward trend is fueled by investments in smart city projects, stringent energy efficiency regulations, and growing demand for connected and adaptive lighting systems. Sustainability initiatives and retrofitting older infrastructure with modern lighting solutions also play a crucial role in propelling market growth. Key trends expected to influence this sector include a shift towards LED lighting technology, adoption of intelligent and adaptive lighting solutions, increased retrofit activities, emphasis on energy-efficient systems, and integration with broader smart city frameworks.
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Prominent Players Leading the Transportation Lighting Market
Several major corporations dominate the transportation lighting industry, including 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, and Fagerhults Belysning AB.
Significant Acquisition Enhancing Market Presence
In April 2024, Arcosa, Inc., a provider of infrastructure-related products based in the United States, acquired Ameron Pole Products from NOV, Inc. for $180 million. This strategic acquisition aims to strengthen Arcosa's position within the infrastructure sector by expanding its offerings related to traffic and telecommunication structures. Additionally, it allows Arcosa to establish a footprint in the concrete and steel pole lighting market. NOV, Inc., the seller, is a US-based technology firm engaged in products supporting the energy transition.
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Technological Advancements Supporting Market Expansion
Leaders in the transportation lighting market are heavily investing in technological innovations designed to enhance road safety and improve energy efficiency. Street lights, which illuminate roads, highways, and pedestrian areas in low-light conditions, are a key focus. For example, in September 2023, Raytec, a UK-based LED lighting manufacturer, introduced the SPARTAN Street series. This innovative product line is designed specifically for hazardous environments and is the first certified for Zone 1/21 usage, with an additional variant suitable for Zone 2/22. The luminaire is distinguished by its high efficacy, flexible design, and ease of installation.
Breakdown of the Transportation Lighting Market Segments
The transportation lighting market is categorized as follows:
1) By Technology:
- Light Emitting Diode (LED)
- High-Intensity Discharge (HID)
- Fluorescent
- Other Technologies
2) By Installation Type:
- Replacement Installation
- Retrofit Installation
- New Installation
3) By Application Area:
- Subway Station
- Train Station
- Airport
- Other Applications
4) By End-User Category:
- Area Lighting
- High Bay Lighting
- High Mast Lighting
- Road Lighting
- Other End-User Segments
Further subcategories include:
- LED lighting segmented into Standard LED Lighting and Adaptive LED Lighting
- HID segmented into Metal Halide and High-Pressure Sodium
- Fluorescent divided into Compact Fluorescent Lights (CFL) and Linear Fluorescent Lights
- Other Technologies encompassing Incandescent and Halogen Lighting
This detailed segmentation reflects the diverse technology and application landscape within the transportation lighting market.
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