Learn about the global traffic signals market through The Business Research Company, which provides information on traffic signals market size, traffic signals market drivers and restraints, traffic signals market players, the COVID-19 impact on the traffic signals market, and more.

The global traffic signals market size is expected to grow from $23.60 billion in 2021 to $25.89 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The traffic signal market is expected to reach $37.40 billion in 2026 at a CAGR of 9.6%.

Installing new traffic signals for increasing traffic speed and reducing accidents is contributing to the growth of the traffic signals market.

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The traffic signals market consists of sales of traffic signals and related services. They are used in safeguarding pedestrians and automobiles at busy intersections and prevents excessive traffic delays. Traffic signals, also known as traffic lights are signalling devices located at intersections between roads, pedestrian crossings and other locations to ensure safety in the orderly flow of traffic.

Global Traffic Signals Market Segments Include:

By Type of Power: Electric Power, Solar Energy

By Product Type: Portable, Stationary

By End-Use: Railway, Airport, Urban Traffic, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Artificial intelligence is seen as an emerging trend in the traffic signals market. Traffic signals with artificial intelligence can reduce traffic congestion. Artificial intelligence refers to human intelligence simulation in machines which are programmed and capable of performing tasks that normally requires human intelligence such as visual perception, speech recognition, decision making and language translation.

TBRC’s traffic signals market report covers:

Major Market Players: SWARCO AG, Envoys, Aldridge Traffic Systems, Federal Signal, DG Controls, Econolite Group, Horizon Signal Technologies, Arcus Light, General Electric, Alphatronics, Trafitronics, Leotek, Sinowatcher Technology, Peek Traffic, Pfannenberg, WERMA, Dialight, Fama Traffic, Traffic Technologies, Anbang Electric, Jingan, Vltronics, North America Traffic, Voxson, Traffic Safety Corp., Yaham, Messagemaker, Hunan Xiangxu Traffic & Lighting Co. Ltd., D.G. Controls and E2S.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Traffic Signals Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides traffic signals market overviews, analyzes and forecasts market size, share, traffic signals market players, traffic signals market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s traffic signals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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