IMARC Group, a leading market research company, has recently releases report titled “Traffic Lights Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” the study provides a detailed analysis of the industry, including the global traffic lights market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the traffic lights market?
The global traffic lights market size reached US$ 12.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
What are Traffic Lights ?
Traffic lights, also known as traffic signals or stoplights, are crucial components of modern transportation systems. Installed at intersections and road junctions, traffic lights serve as regulatory devices that control the flow of vehicular and pedestrian traffic. These devices are designed to improve road safety, maintain order, and enhance the efficiency of transportation networks. The typical traffic light consists of three colored lights: red, yellow/amber, and green. Each light color represents a specific instruction for drivers and pedestrians. When the red light is illuminated, it indicates that all traffic facing the signal must come to a complete stop. Drivers must wait for the light to turn green before proceeding. The yellow light typically follows the red light and serves as a warning that the signal is about to change to red. It alerts drivers to prepare to stop or clear the intersection if they can do so safely. The green light indicates that traffic can proceed through the intersection, following traffic rules and yielding to pedestrians when necessary. Traffic lights are often controlled by advanced systems that use sensors, timers, and computer algorithms to optimize traffic flow based on real-time conditions. These systems help reduce congestion, improve overall road safety, and promote smoother traffic movement. By enforcing orders and providing clear instructions to road users, traffic lights play a vital role in ensuring efficient and safe transportation, particularly in urban areas where traffic is usually high.
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What are the growth prospects and trends in the traffic lights industry?
The rising number of vehicles on the road represents one of the significant factors driving the growth of the market across the globe. This is primarily attributed to the improving living standards, economic growth, and affordable transportation options, which is creating a need for effective traffic management solutions, thereby driving the growth of the market. In line with this, the rapid increase in urban population and the expansion of cities are increasing the demand for traffic management systems, including traffic lights due to increased traffic congestion, thereby necessitating efficient traffic control systems to manage the flow of vehicles, which, in turn, is contributing to the growth of the market. The market is also driven by the increasing awareness regarding road safety, along with the rising focus on implementing measures to reduce accidents and ensure smoother traffic flow. In addition to this, governments in several countries across the globe are focusing on enhancing road safety, improving transportation infrastructure, and implementing regulations that mandate the installation and maintenance of traffic lights at key intersections, which, in turn, is facilitating the growth of the market. Other factors, including the increasing investment in smart city initiatives by governments, involving the deployment of intelligent transportation systems, the development of advanced traffic light systems, such as intelligent traffic lights, and ongoing infrastructural development projects, such as the construction of new roads, highways, and transportation networks, are creating a positive outlook for the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
- Alphatronics Belgium
- ARCUS USA Inc.
- Bartco Traffic Equipment Pty. Ltd.
- D.G. Controls Limited
- Envoys Electronics Pvt. Ltd.
- Federal Signal Corporation
- LITE-ON Technology Corporation
- Pfannenberg Europe GmbH
- Pyrotech Electronics Pvt. Ltd.
- SWARCO Holding AG
- WERMA Signaltechnik GmbH + Co. KG
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
- Incandescent Lights
- LED Lights
Application Insights:
- Street Lights
- Junction Signals
- Cyclists
- Pedestrians
- Equestrians
- Zebra Crossing
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
Non-Small Cell Lung Cancer Market is Expected to Increase With a CAGR of 10.7% for the Study Period of 2017-2030: DelveInsight (Albany, US) DelveInsight has introduced a new Market Insights, Epidemiology, and Market Forecast Report on "Non-Small Cell Lung Cancer Market Insights, Epidemiology, and Market Forecast-2030" to its portfolio.Key Highlights from report are:As per the DelveInsight analysis, the total incident cases of NSCLC in the 7MM were observed to be 484,726 cases in the year 2017.
These cases are expected to grow with a significant CAGR in the study period 2017–2030.There are different types of treatment available for NSCLC; however, mainly 10 types of standard treatment are used, which include Surgery, Radiation therapy, Chemotherapy, Targeted therapy, Immunotherapy, Laser therapy, Photodynamic therapy (PDT), Cryosurgery, Electrocautery, and Watchful waiting.The market size of NSCLC in the 7MM is expected to increase during study period.
According to the estimates, the highest contribution in the market size of NSCLC is from the United States followed by Japan, Germany, and the UK.One of the most exciting developments in lung cancer medicine is the introduction of targeted treatments.Request for free sample pages to know more on Non-Small Cell Lung Cancer Market Forecast NSCLC is the most common type of lung cancer accounted for approximately 85% of all lung cancers.
The disease epidemiology included in the report provides historical as well as forecasted Non-Small Cell Lung Cancer epidemiology, which is segmented as Total Incident cases of NSCLC patients, Total Incident cases of NSCLC patients by Histology, Total Diagnosed cases of NSCLC patients by Stages, Total NSCLC cases of patients by Genetic mutation/Biomarkers, and Total Treated Cases of NSCLC patients by Line of Therapies scenario of NSCLC in the 7MM.The total NSCLC incident cases in the 7MM were observed to be 484,726 cases in 2017.Click here to know more on Non-Small Cell Lung Cancer pipelineNSCLC report encloses the detailed analysis of Non-Small Cell Lung Cancer marketed drugs and late stage (Phase-III and Phase-II) pipeline drugs.
The therapies that are approved for the NSCLC treatment are Rozlytrek (Entrectinib), Imfinzi (Durvalumab), Opdivo (Nivolumab), Tecentriq (Atezolizumab), Keytruda (Pembrolizumab), Tafinlar (Dabrafenib) in combination with Mekinist (Trametinib), Tagrisso (osimertinib), Lorbrena/Lorviqua (Lorlatinib), Vizimpro (Dacomitinib), Alunbrig (Brigatinib), Alecensa (Alectinib), Vitrakvi (Larotrectinib), Portrazza (Necitumumab) along with many more.Drugs covered in the report are:-There are several key players robustly involved in developing potential products such asNazartinib (EGF816)Capmatinib (INC280)Tepmetko (tepotinib)MerestinibJNJ-61186372 (JNJ-6372)Vemurafenib Plus CobimetinibX-396 (Ensartinib)Tedopi (OSE2101)Selpercatinib (LY3527723/ LOXO-292)SAR408701Braftovi (encorafinib) + Mektovi (binimetinib)PADCEV (enfortumab vedotin/ASG-22ME)Pralsetinib (BLU-667)TAK-788: Canakinumab (ACZ885)Avelumab (Bavencio)Veliparib (ABT-888): Sitravatinib (MGCD516)TesevatinibRomiplostim: CabozantinibSym015AMG 510INCMGA00012 (MGA012)Libtayo (Cemiplimab)BavituximabM7824 (Bintrafusp alfa)And many others Key Players covered in the report are:-Novartis PharmaceuticalsMerck KGaAEli Lilly and CompanyJanssen Research & DevelopmentHoffmann-La RocheXcoveryBeyondSpring PharmaceuticalsOSE ImmunotherapeuticsSanofiPfizerAstellas PharmaSeattle GeneticsBlueprint Medicines CorporationTakedaAbbVieKadmon CorporationAmgenSymphogenRegeneron PharmaceuticalsPeregrine PharmaceuticalsAvid BioservicesGlaxoSmithKlineAnd many othersThe report includes provides in depth analysis historical and forecasted Market Share (%) Distribution of NSCLC, Market Share (%) Distribution of NSCLC by Mutations/Biomarkers, Total Market Size of PD-L1 NSCLC, Total Market Size of BRAF NSCLC, Total Market Size of c-Met, Total Market Size of EGFR, Total Market Size of ALK as well.The reasons for buying this report:The report proffers an overview of pathophysiology, various diagnostic approaches and NSCLC treatment algorithm, including detailed chapters for marketed products and emerging therapies.Historical and forecasted Non-Small Cell Lung Cancer epidemiology in 7MM covering the United States, EU5 (Germany, France, Italy, Spain, and the United Kingdom), and Japan from 2017-2030.Detailed historical and forecasted NSCLC market covering the United States, EU5 and Japan from 2017-2030.
Pipeline analysis across different stages of development (Phase III and Phase II), different emerging trends and comparative analysis of pipeline products with comprehensive clinical profiles, key cross-competition, launch date along with product development activities.
This report studies the global market size of Robotic Surgery Systems in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Robotic Surgery Systems in these regions.
This report also studies the global Robotic Surgery Systems market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Market size by End User
Rest of Central & South America
The study objectives of this report are:
To study and analyze the global Robotic Surgery Systems market size (value & volume) by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.
Latest Research Report on “Sports Medicine Products Market” Added by Analytical Research Cognizance which covers Market Overview, Future Economic Impact, Competition by Manufacturers, Supply (Production), & Consumption Analysis
This report studies the global market size of Sports Medicine Products Market in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Sports Medicine Products in these regions.
This report also studies the global Sports Medicine Products market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Market size by End User
According to Market Research Future (MRFR), the global caps & closures market is estimated to reach USD 65.12 billion with a CAGR of 5.2% from 2017 to 2023 (forecast period).
The study explores and investigates the influence of the outbreak of COVID-19 on the global caps & closures market, including opportunities and challenges, drivers, and risks.Request a Free Sample @https://www.marketresearchfuture.com/sample_request/1265Caps & closures play a significant role in packaging that includes containers such as caps, cans, and others.
It helps prolong the shelf life of the products and provide a barrier to dirt, moisture, and oxygen.
Many plastics are heat-sealable, easy to print, and can be incorporated into production processes where the package is formed, filled, and sealed in the same production line.Market DynamicsGrowing demand for bottled water and smaller package sizes from end-user industries such as food, beverage, and healthcare, and increasing concerns about product quality and safety are factors improving caps and closures market growth.
Increased use of packaging to drive the development of the caps and closures industry.Current trends show that people are shifting towards packed goods in emerging countries such as India and China.
The urbanized population is turning to healthier and nutritious packaged food, and emerging economies such as India, China, and Brazil have changed their purchasing habits by purchasing more packaged food due to rising disposable incomes.In addition, the increasing preference for synthetic corks and screw caps over natural corks is a crucial trend.
