Research and Markets has announced the addition of the "Global Traffic Lights Market 2017-2021" report to their offering.

The global traffic lights market to grow at a CAGR of 6.04% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global traffic lights market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of traffic lights (portable traffic lights and traffic lamps) at the manufacturer level. The report also includes a discussion of the key vendors operating in this market.

Traffic lights are an important element of traffic safety management to maintain safety on road for pedestrians and drivers. Increasing accidents and fatalities have driven the growth of the traffic lights market, as traffic lights provide drivers control on road and improve the flow of traffic. Another factor that has driven the growth of the market is the improvement in traffic flow regulations by traffic safety organizations by constantly upgrading and maintaining them and creating various pedestrian facilities, extra street lighting, traffic signal modifications, and signage marking improvements.

The latest trend gaining momentum in the market is accelerated adoption of LED traffic lights. Globally, conventional traffic lights use the incandescent source of light which, are cost efficient. However, these lights consume are not energy efficient and require regular maintenance. Therefore, manufacturers are focusing on the introduction of LED-based lights that are not only energy and cost efficient, but are also extremely durable compared with incandescent lights. LED is a rapidly growing technology in the light industry.

Key vendors

  • Federal Signal
  • Econolite
  • SWARCO

Other prominent vendors

  • Aldridge Traffic Systems
  • Alphatronics
  • Arcus Light
  • D.G. Controls
  • E2S Warning Signals
  • Envoys
  • Horizon Signal Technologies
  • North America Traffic
  • Peek Traffic Corporation
  • Pfannenberg
  • Trastar
  • WERMA Signaltechnik
  • Ver-Mac

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by product type

Part 07: Geographical segmentation

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

Part 14: Key vendor analysis

Part 15: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/zldgpf/global_traffic