How much is the transportation lighting market worth, and how is it expected to expand?
The transportation lighting market size has grown steadily in recent years. It will grow from $9.76 $ billion in 2024 to $10.24 $ billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to growing investments by governments, increasing adoption of LED lights, rising awareness about road safety, the growing popularity of color-changing LED lighting systems, and increasing focus on road safety.
The transportation lighting market size is expected to see steady growth in the next few years. It will grow to $12.26 $ billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to increasing incidents of road accidents, growing demand for energy-efficient lighting, the introduction of advanced solutions for lighting, rising awareness about road safety, and increasing number of foreigners and transportation activities. Major trends in the forecast period include the integration of smart lighting systems, adoption of energy-efficient and sustainable lighting solutions, integration with renewable energy systems, the introduction of advanced lighting technology, and rising R and D activities.
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Which industry factors have accelerated the transportation lighting market’s expansion?
The increasing incidence of road accidents is expected to propel the growth of the transportation lighting market going forward. The rise in road accidents is attributed to several factors, such as vehicle population, drunk driving, poor road conditions, and weather conditions. Transportation lighting improves visibility for drivers, allowing them to see objects and road signs more clearly, especially at night or in bad weather. For instance, in March 2024, according to Eurostat, a Europe-based statistical office of the European Union, in 2022, there were 20,653 people killed in Europe by road accidents, up from 3.7% compared to 19,917 in 2021. Therefore, the increasing incidence of road accidents is driving the transportation lighting market.
What are the primary segments of the transportation lighting market?
The transportation lightingmarket covered in this report is segmented –
1) By Technology: Light Emitting Diode (LED), High-Intensity Discharge (HID), Fluorescent, Other Technologies
2) By Installation: Replacement Installation, Retrofit Installation, New Installation
3) By Application: Subway Station, Train Station, Airport, Other Applications
4) By End-User: Area, High Bay, High Mast, Road, Other End-Users
Subsegments:
1) Light Emitting Diode (LED): Standard LED Lighting, Adaptive LED Lighting
2) High-Intensity Discharge (HID): Metal Halide, High-Pressure Sodium
3) Fluorescent: Compact Fluorescent Lights (CFL), Linear Fluorescent Lights
4) Other Technologies: Incandescent Lighting, Halogen Lighting
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Which firms are leading the transportation lighting market?
Major companies operating in the transportation lighting market are ABB Ltd., Eaton Corporation plc, STMicroelectronics N.V, WSP Global Inc., Signify N.V., Hella GmbH & Co. KGaA, Intertek Group plc, Holophane Lighting Limited, Lumileds Holding B.V., Seoul Semiconductor Co. Ltd., Cree Lighting USA LLC, Dialight plc, J.W. Speaker Corporation, AGC Lighting Co. Ltd., LEDiL, Kenall Manufacturing, Luminus Devices, Transportation Solutions and Lighting Inc., Current Lighting Solutions LLC, Urban Solar Group Inc., Detroit Trading and Sourcing LLC, Fagerhults Belysning AB
Which market trends are set to define the future of the transportation lighting market?
Major companies operating in the transportation lighting market are focused on developing advanced technology, such as street lights to improve road safety and enhance energy efficiency. A street light is an outdoor lighting fixture installed along roads, highways, and pedestrian pathways to provide illumination for vehicles and pedestrians during low-light conditions. For instance, in September 2023, Raytec, a UK-based manufacturer and developer of LED lighting solutions, launched SPARTAN Street. It is a groundbreaking range of high-performance street lighting designed specifically for hazardous environments. This new luminaire is notable for being the first of its kind certified for use in Zone 1/21 environments, with a variant also available for Zone 2/22 applications with outstanding efficacy, ultra-flexible design, and ease of installation.
Which geographic trends are shaping the transportation lighting market, and which region has the highest market share?
Asia-Pacific was the largest region in the transportation lighting market in 2024. The regions covered in the transportation lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Transportation Lighting Market Report 2025 Offer?
The transportation lighting market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Transportation lighting refers to lighting systems that illuminate public transportation infrastructure. Transportation lighting improves the visibility of road signs, lane markings, and traffic signals, allowing drivers, pilots, and pedestrians to avoid potential risks. It enhances safety and navigation by providing clear visibility for vehicles, pedestrians, and transit infrastructure.
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