North America Transportation Lighting Market: Industry Analysis and Forecast (2022-2027) Trends, Statistics, Dynamics, Segmentation by Technology, Application, Installation, End-User, and Region

North America Transportation Lighting Market Definition:

In North America, the rising complexities of transportation infrastructure have raised the demand for greater lighting on streets and highways to enable smooth traffic flow and safeguard people's safety while preserving cost-efficiency. A transportation lighting system's objective is to provide illumination for humans. The lighting helps to provide a safe and comfortable atmosphere for the public.

 

Further, the North America Transportation Lighting market is segmented by Technology, Installation,  Application, End-Users, and geography. Based on the Installation, the North America Transportation Lightings market is segmented into Replacement Installation, Retrofit Installation, and New Installation. Based on the Technology, the North America Transportation Lightings market is segmented into LED, HID, Fluorescent, and Others. Based on the End-Users, the North America Transportation Lighting market is segmented into Area, High Bay, High Mast, Road, and Others. Based on the Application, the North America Transportation Lightings market is segmented into Railway, Airport, Commercial, and Industrial. By geography, the market covers the following regions: India, China, Japan, Australia, and Rest of the North America Region. For each segment, the market sizing and forecasts have been done based on value (in USD Billion).

 

North America Transportation Lighting COVID 19 Insights:

Initially, during the first two quarters of 2020, the transportation lighting market face problems in North America Market because of strict regulations and impose of lockdown in most of the countries. The loosening of COVID-19 restrictions and the opening up of several industries, commercial spaces, and institutions in North America have benefited companies in the transportation lighting business. Revenue streams from new construction and infrastructure projects are being established by market actors. To stay afloat financially, market players are taking advantage of government stimulus measures.

 

New installations and retrofitting projects in the North America region are providing value-adding opportunities for enterprises in the transportation lighting industry during the forecast period. Participants in the market are ramping up their efforts to close the demand-supply gap. To reduce their dependency on other countries for raw materials, components, and finished goods, manufacturers are increasing their home production capability.

 

North America Transportation Lighting Market Dynamics:

Market Drivers:

Growing Number of Travelers: The number of travelers among millennials is on the rise, which is likely to boost the North America Transportation Lighting Market's growth. Investment in metro trains, high-speed trains, and restored trains is likely to rise as demand for comfort and luxury amenities inside rolling stock grows. The growth of the Train lighting market is influenced by government rules and standards for train lighting applications, an increase in the number of travelers choosing trains, and demand for increased illumination for greater comfort can increase the growth of the market. Growing economies and technological improvements are also expected to boost the North America Transportation Lighting Market.

 

Advancement in Technology:  The advancement in lighting technology is expected to drive the North America Transportation Lighting Market. LED lighting sales are increasing in North America, thanks to advancements in LED technology and continuous innovation. LED lighting has been more popular in North America over the years. The significant energy-saving potential of LED lighting as compared to traditional lights is principally responsible for the increase. For instance, the US Department of Energy estimated a 468 trillion Btu increase in energy savings among LED lighting users in 2016, up from 143 trillion Btu in 2014. LED lighting adoption will result in not just energy savings, but also lower replacement and maintenance costs. Furthermore, the introduction of smart light filling technology in the transportation system is expected to open up new opportunities for North America Transportation Lighting Market during the forecast period.

 

North America Transportation Lighting Market Segment Analysis:

By Application, the North America Transportation lighting market is divided into four categories based on application: train, airport, commercial, and industrial. Train transportation lighting has a 37 % market share and is expected to increase at a CAGR of 2.9% during the forecast period. Train lighting is an important passenger amenity that helps drivers maintain track visibility while also providing comfort to passengers. Train lighting is used for both internal and external purposes, such as cabin interior illumination and track pathfinding.

 

Fluorescent, halogen, LED, and xenon train lighting is just a few of the options. LED illumination is rapidly becoming more popular in high-speed trains, metro trains, and special trains, thanks to its reduced power consumption, which acts as a market driver. A train is designed, manufactured, and equipped with a variety of batteries that power both internal and external lighting. As a result, train illumination has become more significant as railroads have grown in popularity as a mode of transportation. As a consequence, the growth of the rail transportation segment is expected to drive the North America Transportation Lighting Market.

 

By Technology, The Transportation Market is divided into LED, HID, Fluorescent, and Others based on technology. LED lights accounts for 38 % of the North America Transportation Lighting Market in 2021. LED lighting sales are increasing in North America, because of advancements in LED technology and continuous innovation. LED lighting has been more popular in North America over the years Traditional light bulbs, such as fluorescent and incandescent bulbs, are 80% less efficient in producing light than LED lights. Customers are prompted to pick a more cost-effective lighting choice since LEDs convert 95 % of their energy into light, with only 5% wasted as heat.

 

 

LED lights provide a consistent light source while also increasing visibility and security in street and highway areas. They may also be combined with motion sensors, photocells, and timers to form an energy-efficient lighting control system. Furthermore, government initiatives are boosting market growth, with various nations across North America enacting legislation to promote LED adoption. LED lighting applications also give a wide range of hues, boosting the aesthetic of outdoor areas, bridges, highways, and buildings. For example, New York City's Empire State Building. As a result of all of these benefits, the LED light sector will drive the North America Transportation Lighting Market forward during the forecast period.

 

 

North America Transportation Lighting Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the market, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The report provides trends that are most dominant in the market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the market report is to help understand which market segments, and regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the market. The report also analyses if the market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the market. Economic variables aid in the analysis of economic performance drivers that have an impact on the market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the market is aided by legal factors.

 

North America Transportation Lighting Market Scope:

 

North America Transportation Lighting Market		Market Segmentation
Market Indicators:	Details	by  Technology	LED HID Fluorescent Others
Historical Data:	2017-2020	by Installation	Replacement Installation Retrofit Installation New Installation
Forecast Period:	2022-2027	by End-Users	Area High Bay High Mast Road Others
		by Application	Railway Airport Commercial Industrial
Base Year:	2021
CAGR:	%
Market Size in 2021:	USD Million
Market size in 2027:	USD Million

 

 

North America Transportation Lighting MARKET KEY PLAYERS: 

• Cree Lighting (USA)
• Kenall Manufacturing (USA)
• Transportation Solutions and Lighting, Inc. (USA)
• WSP (USA)s
• General Electric (USA)
• Federal-Mogul (USA)