LED Traffic Signs And Signals Market: By Applications (Railway, Airport, Urban Traffic, Others) By Product Types (Electric Power, Solar Energy) and Geography  

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LED Traffic Signs And Signals Market size was valued at USD 184.9 million in 2022 and expected to grow at a CAGR of 4.3% from the forecast period 2023-29. It is noticed that the market has a significant market growth rate from the perspective of increasing road traffic accidents. Approximately 1.35 million people die each year as a result of road traffic crashes. The 2030 Agenda for Sustainable Development has set an ambitious target of halving the global number of deaths and injuries from road traffic crashes. Road traffic crashes cost more than what people expect all these help in the significant growth of the global LED traffic signs and signals market. The report studies dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. 

Led Traffic Signs And Signals Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.3%

Largest Market

Asia-Pacific

Fastest Growing Market

North America
LED Traffic Signs And Signals Market Dynamics

Increased investment in the construction of road infrastructure and expedited LED traffic adoption are the drivers boosting the global market. There are few restrains which hung the global LED traffic signs and signals market such as high cost of initial setup and rise in adoption of alternative traffic signals. In traffic management, the introduction of artificial intelligence (AI) would allow the system to adjust traffic conditions for vehicles to escape traffic providing intense of opportunity towards the global market.

Led Traffic Signs And Signals Market Segmentation

By Application
  • Railway
  • Airport
  • Urban Traffic
  • Others
By Product Type
  • Electric Power
  • Solar Energy
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

The led traffic signs and signals market size was valued at USD 184.9 million in 2022

Alphatronics N.V., Econolite, Federal Signal Corp., GE Current a Daintree Co., Peek Traffic Corp., Sinowatcher Technology Co. Ltd., SWARCO AG

The led traffic signs and signals market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Key Features of the Reports

  • The led traffic signs and signals market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The led traffic signs and signals market report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The led traffic signs and signals market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The led traffic signs and signals market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The led traffic signs and signals market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1. Executive Summary
2. Global LED Traffic Signs and Signals Market Introduction
2.1. Global LED Traffic Signs and Signals Market Taxonomy
2.2. Global LED Traffic Signs and Signals Market Definitions
2.2.1. By Product Type
2.2.2. By Application
3. Global LED Traffic Signs and Signals Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global LED Traffic Signs and Signals Market Dynamic Factors - Impact Analysis
3.6. Global LED Traffic Signs and Signals Market Competition Landscape
4. Global LED Traffic Signs and Signals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global LED Traffic Signs and Signals Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Electric Power
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Solar Power
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global LED Traffic Signs and Signals Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029
6.1. Railway
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Airport
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Urban Traffic
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global LED Traffic Signs and Signals Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global LED Traffic Signs and Signals Market - Opportunity Analysis Index, By Product Type, By Application, and Region, 2023 - 2029
8. North America LED Traffic Signs and Signals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Railway
8.1.2. Airport
8.1.3. Urban Traffic
8.1.4. Others
8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Electric Power
8.2.2. Solar Energy
8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America LED Traffic Signs and Signals Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
8.5. North America LED Traffic Signs and Signals Market Dynamics Trends
9. Europe LED Traffic Signs and Signals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Railway
9.1.2. Airport
9.1.3. Urban Traffic
9.1.4. Others
9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Electric Power
9.2.2. Solar Energy
9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Poland
9.3.8. Rest of Europe
9.4. Europe LED Traffic Signs and Signals Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
9.5. Europe LED Traffic Signs and Signals Market Dynamics Trends
10. Asia-Pacific LED Traffic Signs and Signals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Railway
10.1.2. Airport
10.1.3. Urban Traffic
10.1.4. Others
10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Electric Power
10.2.2. Solar Energy
10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific LED Traffic Signs and Signals Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
10.5. Asia-Pacific LED Traffic Signs and Signals Market Dynamics Trends
11. Latin America LED Traffic Signs and Signals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Railway
11.1.2. Airport
11.1.3. Urban Traffic
11.1.4. Others
11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Electric Power
11.2.2. Solar Energy
11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America LED Traffic Signs and Signals Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
11.5. Latin America LED Traffic Signs and Signals Market Dynamics Trends
12. Middle East and Africa LED Traffic Signs and Signals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Railway
12.1.2. Airport
12.1.3. Urban Traffic
12.1.4. Others
12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Electric Power
12.2.2. Solar Energy
12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA LED Traffic Signs and Signals Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
12.5. MEA LED Traffic Signs and Signals Market Dynamics Trends
13. Competition Landscape
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Alphatronics N.V.
13.2.2. Econolite
13.2.3. Federal Signal Corp.
13.2.4. GE Current a Daintree Co.
13.2.5. Peek Traffic Corp.
13.2.6. Sinowatcher Technology Co. Ltd.
13.2.7. SWARCO AG
13.2.8. Trafitronics India Pvt. Ltd.
13.2.9. Ver-Mac
13.2.10. WERMA Signaltechnik GmbH
14. Research Methodology
15. Key Assumptions and Acronyms
  • Alphatronics N.V.
  • Econolite
  • Federal Signal Corp.
  • GE Current a Daintree Co.
  • Peek Traffic Corp.
  • Sinowatcher Technology Co. Ltd.
  • SWARCO AG
  • Trafitronics India Pvt. Ltd.
  • Ver-Mac
  • WERMA Signaltechnik GmbH

Adjacent Markets