PUBLISHER: TechNavio | PRODUCT CODE: 1161481
PUBLISHER: TechNavio | PRODUCT CODE: 1161481
Technavio has been monitoring the light-emitting diode (LED) traffic signs and signals market and it is poised to grow by $521.78 mn during 2023-2027, accelerating at a CAGR of 9.1% during the forecast period. Our report on the light-emitting diode (LED) traffic signs and signals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by Increased investments toward road infrastructure development, Increasing road traffic accidents, and Growing adoption of LED traffic lights.
Technavio's light-emitting diode (LED) traffic signs and signals market is segmented as below:
By Product
By End-user
By Geographical Landscape
This study identifies the technological improvement in traffic management as one of the prime reasons driving the light-emitting diode (LED) traffic signs and signals market growth during the next few years. Also, the provision of portable traffic lights and the introduction of smart traffic lights will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading light-emitting diode (LED) traffic signs and signals market vendors that include Aldridge Electrical Industries Pty Ltd., Alphatronics NV, ARCUS USA Inc., D G Controls Ltd., Econolite Control Products Inc., Envoys Electronic Pvt. Ltd., European Safety Systems Ltd., Federal Signal Corp., General Electric Co., Horizon Signal Technologies Inc., LITE ON Technology Corp., North America Traffic, Pfannenberg Group Holding GmbH, Sinowatcher Technology Co. Ltd., Traffic Safety Corp., Trafitronics India Pvt. Ltd., Trastar Inc., Ver Mac, WERMA Signaltechnik GmbH Co. KG, and SWARCO AG. Also, the light-emitting diode (LED) traffic signs and signals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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