Los Angeles, CA -- (SBWIRE) -- 03/28/2019 -- Traffic lights are an important element of traffic safety management to maintain safety on road for pedestrians and drivers.

Proper traffic flow and following road safety management can reduce road traffic accidents and injuries. Increasing number of accidents and injuries on road have driven the market for traffic lights, especially in developing countries. The retrofitting of incandescent traffic lights with LED lights in major developed countries has contributed to the growth of the traffic lights market. The development of safer roads has a positive impact on the economic development of a country, as it allows faster transportation and rapid transit systems. Increasing infrastructure investment in various countries has driven the traffic lights market significantly.

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The Americas were the major revenue contributor to the market during 2017 and are expected to continue their market dominance throughout the predicted period as well. The introduction of smart traffic lights to reduce traffic congestions in North America and major road infrastructure development projects in South America such as the introduction of the fourth generation (4G) road infrastructure program by the government of Columbia, will fuel the market's growth prospects in this region.

The global Traffic Lights market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.

This report focuses on Traffic Lights volume and value at global level, regional level and company level. From a global perspective, this report represents overall Traffic Lights market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:

Aldridge Traffic Systems
D.G. Controls
E2S Warning Signals
Horizon Signal Technologies
North America Traffic
Pfannenberg
WERMA Signaltechnik
Ver-Mac

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Traffic Lights Market Segment by Regions

North America
Europe
China
Japan

Traffic Lights Market Segment by Type

Incandescent Traffic Lights
LED Traffic Lights

Traffic Lights Market Segment by Application

Road
Railway
Construction

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