Global Traffic Lights Market by Application, Product, and Geography - Forecast and Analysis 2023-2027
| Published: May 2023 | Pages: 158 | SKU: IRTNTR43272 |
The traffic lights market size is estimated to grow at a CAGR of 6.05% between 2022 and 2027, and the size of the market is forecasted to increase by USD 601.64 million. The growth of the market depends on several factors, including the improving traffic flow regulations, increasing road traffic accidents, and the growth of road transport infrastructure investment.
This report extensively covers market segmentation by application (road, railway, and construction), product (incandescent and LED), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
What will be the Size of the Traffic Lights Market During the Forecast Period?
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Technavio’s Exclusive Traffic Lights Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Traffic Lights Market Customer Landscape
Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Driver
The growth of road transport infrastructure investment is driving market growth. Risings investments in road transport infrastructure lead to the expansion and development of new roads and highways. This increases the higher demand for traffic management systems such as traffic lights to regulate and control the flow of vehicles, ensure safety, and manage traffic congestion. Rapid urbanization and population growth in many regions have increased vehicular traffic. Governments and transportation authorities invest in traffic control systems, such as traffic lights, to optimize traffic flow and enhance road safety.
Investments in road transport infrastructure lead to the adoption of advanced technologies. Intelligent traffic light systems are equipped with sensors, and data analytics capabilities can be deployed to optimize traffic management. These lights can adjust signal timings based on real-time traffic conditions. They prioritize emergency vehicles and improve overall traffic efficiency. Therefore, the growth of road transport infrastructure investments will drive the global traffic lights market during the forecast period.
Significant Trends
The accelerated adoption of LED traffic lights is a key trend in the market. Conventional traffic lights use incandescent lights, which are cost-efficient but are not energy efficient and require regular maintenance. Therefore, manufacturers are introducing LED-based lights that are energy- and cost-efficient and more durable when compared to incandescent lights. Switching to energy-efficient traffic lights minimizes government budgets and lowers energy use.
Visibility and true colors offered by LED lights are other advantages. An LED does not function using a filament that uses heat. LED traffic lights are made up of a cluster of small LED bulbs that produce high brightness and true desired colors. Moreover, the equal distribution of small LED bulbs on the entire surface gives a brighter appearance than incandescent lights. Therefore, the increasing use of LED technology and LED traffic lights will have a positive influence on the market during the forecast period.
Major Challenge
Issues with the coordination of signal timings are challenging market growth. Traffic lights at intersections may not be synchronized effectively, leading to traffic congestion and delays. As a result, vehicles may have to stop at each intersection, causing inefficient traffic flow and increased travel times. Traffic patterns can vary throughout the day, with high traffic volumes during peak hours. Coordinating signal timings to accommodate these fluctuations can be a challenging task, as failure to adapt to changing traffic patterns can lead to inefficient traffic management and high congestion.
Mostly many traffic light systems rely on outdated infrastructure and limited connectivity. Traditional systems operate on fixed timers or basic sensors, which may not respond sufficiently to real-time traffic conditions. Upgrading these systems to utilize advanced technologies and interconnected networks can improve coordination. However, this may require significant investments. Therefore, adjusting signal timings manually can be time-consuming and prone to human errors. These factors will hinder the growth of the market during the forecast period.
Who are the Major Traffic Lights Market Vendors?
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
D G Controls Ltd. - The company offers traffic lights such as MI xC B15D series, MI xC LED series, and MIH uX LED series. It also offers a wide range of visual and audible warning signals.
Econolite Control Products Inc. - The company offers a traffic signal controller that uses intelligent technology and communication components of a signalized intersection. It also offers an extensive range of traffic management systems, traffic cabinets, controllers, sensor products, and services, including planning and design of turnkey, multi-modal transportation systems, software engineering, traffic network implementation, integration, operations, and maintenance.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
- Alphatronics NV
- ARCUS USA Inc.
- Envoys Electronic Pvt. Ltd.
- Federal Signal Corp.
- GE CURRENT
- LITE ON Technology Corp.
- Mobotrex Inc.
- North America Traffic
- Oriux
- SRL Traffic Systems Ltd.
- SWARCO AG
- Traffic Technologies Ltd.
- Trastar Inc.
The report offers clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the vendors. The analysis classifies vendors into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business which in turn can help a client make the best decision.
Traffic Lights Market Segmentation by Application, Product, and Geography
Application Segment Analysis
The road segment will account for a significant share of market growth during the forecast period. This segment involves the installation and use of traffic signal systems to manage vehicular and pedestrian movement at intersections and road junctions. Traffic lights play a key role in maintaining order, improving safety, and optimizing traffic flow on roads.
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The road segment was valued at USD 1,194.69 million in 2017 and continued to grow until 2021. Traffic signal systems are generally used in various road settings, such as urban roads. The use of traffic lights on roads is important for promoting efficient traffic management, reducing accidents, and enhancing overall transportation safety and convenience. These factors will drive the growth of the road segment during the forecast period.
Product Segment Analysis
The incandescent segment will account for a significant share of market growth during the forecast period. Incandescent traffic lights generally have bulbs that produce light through the heating of a filament inside the bulb. Some of the benefits of incandescent traffic lights include cost-effectiveness, simplicity, and immediate visibility. They are generally less expensive than LED lights, making them a more affordable option. They are simple to design, which makes them easier to manufacture and maintain. They also provide instant illumination when powered on, which ensures immediate visibility to motorists. Therefore, the advantages of incandescent traffic lights will drive the growth of this segment during the forecast period.
Regional Analysis
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North America is estimated to contribute 45% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
Factors such as the potential opportunities for innovations in traffic lights, including the introduction of smart traffic lights to reduce traffic congestion and increase safety on roads for vehicle owners, pedestrians, and cyclists, are driving market growth in North America. The development of infrastructure such as roadways is also expected to fuel market growth. Governments of countries in the region are focusing on road construction to enhance connectivity. In the US, highway and road construction is expected to grow by around USD 103 billion in the coming years. Traffic lights help avoid road accidents and traffic congestion, thereby ensuring the safety of drivers and pedestrians. These factors are expected to drive the growth of the market in the region during the forecast period.
Covid Recovery Analysis
The spread of COVID-19 in 2020 led to a slowdown in the growth of the global traffic lights market. However, in 2021, the market started to recover, as several countries started vaccination programs to contain the spread of the disease. In addition, various industries restarted their operations and activities with appropriate social distancing norms. Such factors are anticipated to propel the growth of the global traffic lights market during the forecast period.
Segment Overview
The traffic lights market report forecasts market growth by revenue at global, regional, & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Application Outlook (USD Million, 2017 - 2027)
- Road
- Railway
- Construction
- Product Outlook (USD Million, 2017 - 2027)
- Incandescent
- LED
- Region Outlook (USD Million, 2017 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Argentina
- Brazil
- Chile
- North America
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Traffic Lights Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
158 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.05% |
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Market growth 2023-2027 |
USD 601.64 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.23 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 45% |
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Key countries |
US, China, Australia, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alphatronics NV, ARCUS USA Inc., D G Controls Ltd., Econolite Control Products Inc., Envoys Electronic Pvt. Ltd., Federal Signal Corp., GE CURRENT, LITE ON Technology Corp., Mobotrex Inc., North America Traffic, Oriux, SRL Traffic Systems Ltd., SWARCO AG, Traffic Technologies Ltd., and Trastar Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Traffic Lights Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the traffic lights market between 2023 and 2027
- Precise estimation of the size of the traffic lights market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of traffic lights market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global traffic lights market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global traffic lights market 2017 - 2021 ($ million)
- 4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.3 Product Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Road - Market size and forecast 2022-2027
- Exhibit 34: Chart on Road - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Road - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Road - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Road - Year-over-year growth 2022-2027 (%)
- 6.4 Railway - Market size and forecast 2022-2027
- Exhibit 38: Chart on Railway - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Railway - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Railway - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Railway - Year-over-year growth 2022-2027 (%)
- 6.5 Construction - Market size and forecast 2022-2027
- Exhibit 42: Chart on Construction - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Construction - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Construction - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Construction - Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by Application
- Exhibit 46: Market opportunity by Application ($ million)
- Exhibit 47: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 48: Chart on Product - Market share 2022-2027 (%)
- Exhibit 49: Data Table on Product - Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 50: Chart on Comparison by Product
- Exhibit 51: Data Table on Comparison by Product
- 7.3 Incandescent - Market size and forecast 2022-2027
- Exhibit 52: Chart on Incandescent - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Incandescent - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Incandescent - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Incandescent - Year-over-year growth 2022-2027 (%)
- 7.4 LED - Market size and forecast 2022-2027
- Exhibit 56: Chart on LED - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on LED - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on LED - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on LED - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Product
- Exhibit 60: Market opportunity by Product ($ million)
- Exhibit 61: Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2022-2027 (%)
- Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 Germany - Market size and forecast 2022-2027
- Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.10 China - Market size and forecast 2022-2027
- Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.11 UK - Market size and forecast 2022-2027
- Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.12 Australia - Market size and forecast 2022-2027
- Exhibit 103: Chart on Australia - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Australia - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Australia - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 112: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 113: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 12.3 Alphatronics NV
- Exhibit 115: Alphatronics NV - Overview
- Exhibit 116: Alphatronics NV - Product / Service
- Exhibit 117: Alphatronics NV - Key offerings
- 12.4 ARCUS USA Inc.
- Exhibit 118: ARCUS USA Inc. - Overview
- Exhibit 119: ARCUS USA Inc. - Product / Service
- Exhibit 120: ARCUS USA Inc. - Key offerings
- 12.5 D G Controls Ltd.
- Exhibit 121: D G Controls Ltd. - Overview
- Exhibit 122: D G Controls Ltd. - Product / Service
- Exhibit 123: D G Controls Ltd. - Key offerings
- 12.6 Econolite Control Products Inc.
- Exhibit 124: Econolite Control Products Inc. - Overview
- Exhibit 125: Econolite Control Products Inc. - Product / Service
- Exhibit 126: Econolite Control Products Inc. - Key offerings
- 12.7 Envoys Electronic Pvt. Ltd.
- Exhibit 127: Envoys Electronic Pvt. Ltd. - Overview
- Exhibit 128: Envoys Electronic Pvt. Ltd. - Product / Service
- Exhibit 129: Envoys Electronic Pvt. Ltd. - Key offerings
- 12.8 Federal Signal Corp.
- Exhibit 130: Federal Signal Corp. - Overview
- Exhibit 131: Federal Signal Corp. - Business segments
- Exhibit 132: Federal Signal Corp. - Key offerings
- Exhibit 133: Federal Signal Corp. - Segment focus
- 12.9 GE CURRENT
- Exhibit 134: GE CURRENT - Overview
- Exhibit 135: GE CURRENT - Product / Service
- Exhibit 136: GE CURRENT - Key offerings
- 12.10 LITE ON Technology Corp.
- Exhibit 137: LITE ON Technology Corp. - Overview
- Exhibit 138: LITE ON Technology Corp. - Business segments
- Exhibit 139: LITE ON Technology Corp. - Key offerings
- Exhibit 140: LITE ON Technology Corp. - Segment focus
- 12.11 Mobotrex Inc.
- Exhibit 141: Mobotrex Inc. - Overview
- Exhibit 142: Mobotrex Inc. - Product / Service
- Exhibit 143: Mobotrex Inc. - Key offerings
- 12.12 North America Traffic
- Exhibit 144: North America Traffic - Overview
- Exhibit 145: North America Traffic - Product / Service
- Exhibit 146: North America Traffic - Key offerings
- 12.13 Oriux
- Exhibit 147: Oriux - Overview
- Exhibit 148: Oriux - Product / Service
- Exhibit 149: Oriux - Key offerings
- 12.14 SRL Traffic Systems Ltd.
- Exhibit 150: SRL Traffic Systems Ltd. - Overview
- Exhibit 151: SRL Traffic Systems Ltd. - Product / Service
- Exhibit 152: SRL Traffic Systems Ltd. - Key offerings
- 12.15 SWARCO AG
- Exhibit 153: SWARCO AG - Overview
- Exhibit 154: SWARCO AG - Product / Service
- Exhibit 155: SWARCO AG - Key news
- Exhibit 156: SWARCO AG - Key offerings
- 12.16 Traffic Technologies Ltd.
- Exhibit 157: Traffic Technologies Ltd. - Overview
- Exhibit 158: Traffic Technologies Ltd. - Product / Service
- Exhibit 159: Traffic Technologies Ltd. - Key offerings
- 12.17 Trastar Inc.
- Exhibit 160: Trastar Inc. - Overview
- Exhibit 161: Trastar Inc. - Product / Service
- Exhibit 162: Trastar Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 163: Inclusions checklist
- Exhibit 164: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 165: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 166: Research methodology
- Exhibit 167: Validation techniques employed for market sizing
- Exhibit 168: Information sources
- 13.5 List of abbreviations
- Exhibit 169: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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traffic lights market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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