Light Crossing Technology Corp. Overviews the Traffic Lights Competition Market

VANCOUVER, British Columbia - Oct. 8, 2022 - PRLog -- The latest report revealed that the global traffic signals market was worth $142.05 billion in 2019, and it will likely grow by USD 569.52 million between 2020-2024. The market is fragmented and has many opportunities for introducing a new product to improve traffic flow and road transport infrastructure. The Light Crossing project has a broad spectrum of competitors, including traffic light manufacturers across Canada and distributors abroad. The startup will compete with companies such as Tacel, ATS Traffic, Fortran, and others. It is important to highlight the two most significant competitors' streams based on their products and present the LightXing advantage and superior functionality. LED is a rapidly growing technology commonly used in the traffic signals lights market; the primary focus for manufacturers is on energy and cost-efficient product and durability. Another trend is using Artificial Intelligence in the traffic signals market. Traffic signals empowered by artificial intelligence are supposed to reduce traffic congestion: AI technologies can track traffic density under AI systems and help determine the time to release vehicles to clear a signal.

Light Crossing considers these major trends and presents their main advantage as cost-efficient and innovative proposals to minimize and prevent vehicle collisions on the road by installing hologram traffic walls. This will lead to better road infrastructure, higher demand for traffic signals, and boost market growth. The startup's primary focus is to ensure safety on the streets. The Light Crossing team believes that a successful marketing strategy and presenting the innovative product to the municipality in a product demo stage will gain the local government's support and approval.

About Light Crossing Technology Corp.: Light Crossing Technology Corp. is a developer of an innovative, unique solution engineered to decrease the number of accidents and make collisions at intersections a lot less frequent, providing a safe and efficient traffic signal system in an environmentally responsible and cost-effective manner. (https://lightcrossing.technology/)