The global export market for electric signal, safety, and traffic controls (excluding railways) in 2023 was heavily dominated by China, accounting for 97.74% of units. The past year saw India and Bahrain achieve significant growth rates of 56.69% and 150.68%, respectively. Meanwhile, countries like the Philippines and Brazil experienced declines. Over five years, the compounded annual growth rates (CAGR) reveal China's consistent dominance, although emerging markets like India and Chile show potential.
Future trends to monitor include the rapid digitalization across emerging markets, the evolution of smart city infrastructures, and geopolitical factors that may alter the current country shares significantly. China's role is expected to remain dominant, but shifts in regional trade policies could open doors for other countries.
Top countries in Export of Electric Signal, Safety and Traffic Controls Other Than for Railways Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 97.74 | 2023 | +4.04% | +5.01% | View data |
| 2 | 2 India | 1.69 | 2023 | +0.12% | +56.69% | View data |
| 3 | 3 Switzerland | 0.24 | 2023 | -5.23% | +34.87% | View data |
| 4 | 4 Chile | 0.18 | 2023 | -1.7% | +21.85% | View data |
| 5 | 5 Russia | 0.17 | 2023 | +4.1% | +5.19% | View data |
| 6 | 6 Philippines | 0.12 | 2023 | -3.62% | -5.67% | View data |
| 7 | 7 Norway | 0.064 | 2023 | +3.94% | +7.39% | View data |
| 8 | 8 Brunei | 0.017 | 2023 | +3.97% | -2.8% | View data |
| 9 | 9 Brazil | 0.005 | 2023 | -14.14% | -12.69% | View data |
| 10 | 10 Bahrain | 0.002 | 2023 | -1.49% | +150.68% | View data |
