Global light-emitting diode (LED) traffic signs and signals market 2024-2028

Description

List of Tables

The light-emitting diode (LED) traffic signs and signals market is forecasted to grow by USD 487 mn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The 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 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:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.32%
CAGR	8.09%
Incremental Value	$487mn

By Product

LED traffic signals
LED traffic signs

By End-user

Urban traffic
Railway
Airport
Others

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

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, provision of portable traffic lights and introduction of smart traffic lights will lead to sizable demand in the market.

The report on the light-emitting diode (LED) traffic signs and signals market covers the following areas:

Light-emitting diode (LED) traffic signs and signals market sizing
Light-emitting diode (LED) traffic signs and signals market forecast
Light-emitting diode (LED) traffic signs and signals market industry analysis

The 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., SWARCO AG, Traffic Safety Corp., Trafitronics India Pvt. Ltd., Trastar Inc., Ver Mac, and WERMA Signaltechnik GmbH Co. KG. 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.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR44599

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Light-Emitting Diode (LED) Traffic Signs And Signals Market 2018 - 2022
- Historic Market Size - Data Table on Global Light-Emitting Diode (LED) Traffic Signs And Signals Market 2018 - 2022 ($ million)
4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
6.3 LED traffic signals - Market size and forecast 2023-2028
- Chart on LED traffic signals - Market size and forecast 2023-2028 ($ million)
- Data Table on LED traffic signals - Market size and forecast 2023-2028 ($ million)
- Chart on LED traffic signals - Year-over-year growth 2023-2028 (%)
- Data Table on LED traffic signals - Year-over-year growth 2023-2028 (%)
6.4 LED traffic signs - Market size and forecast 2023-2028
- Chart on LED traffic signs - Market size and forecast 2023-2028 ($ million)
- Data Table on LED traffic signs - Market size and forecast 2023-2028 ($ million)
- Chart on LED traffic signs - Year-over-year growth 2023-2028 (%)
- Data Table on LED traffic signs - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
7.3 Urban traffic - Market size and forecast 2023-2028
- Chart on Urban traffic - Market size and forecast 2023-2028 ($ million)
- Data Table on Urban traffic - Market size and forecast 2023-2028 ($ million)
- Chart on Urban traffic - Year-over-year growth 2023-2028 (%)
- Data Table on Urban traffic - Year-over-year growth 2023-2028 (%)
7.4 Railway - Market size and forecast 2023-2028
- Chart on Railway - Market size and forecast 2023-2028 ($ million)
- Data Table on Railway - Market size and forecast 2023-2028 ($ million)
- Chart on Railway - Year-over-year growth 2023-2028 (%)
- Data Table on Railway - Year-over-year growth 2023-2028 (%)
7.5 Airport - Market size and forecast 2023-2028
- Chart on Airport - Market size and forecast 2023-2028 ($ million)
- Data Table on Airport - Market size and forecast 2023-2028 ($ million)
- Chart on Airport - Year-over-year growth 2023-2028 (%)
- Data Table on Airport - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Aldridge Electrical Industries Pty Ltd.
- Aldridge Electrical Industries Pty Ltd. - Overview
- Aldridge Electrical Industries Pty Ltd. - Product / Service
- Aldridge Electrical Industries Pty Ltd. - Key offerings
12.4 Alphatronics NV
- Alphatronics NV - Overview
- Alphatronics NV - Product / Service
- Alphatronics NV - Key offerings
12.5 ARCUS USA Inc.
- ARCUS USA Inc. - Overview
- ARCUS USA Inc. - Product / Service
- ARCUS USA Inc. - Key offerings
12.6 D G Controls Ltd.
- D G Controls Ltd. - Overview
- D G Controls Ltd. - Product / Service
- D G Controls Ltd. - Key offerings
12.7 Econolite Control Products Inc.
- Econolite Control Products Inc. - Overview
- Econolite Control Products Inc. - Product / Service
- Econolite Control Products Inc. - Key offerings
12.8 Envoys Electronic Pvt. Ltd.
- Envoys Electronic Pvt. Ltd. - Overview
- Envoys Electronic Pvt. Ltd. - Product / Service
- Envoys Electronic Pvt. Ltd. - Key offerings
12.9 European Safety Systems Ltd.
- European Safety Systems Ltd. - Overview
- European Safety Systems Ltd. - Product / Service
- European Safety Systems Ltd. - Key offerings
12.10 Federal Signal Corp.
- Federal Signal Corp. - Overview
- Federal Signal Corp. - Business segments
- Federal Signal Corp. - Key offerings
- Federal Signal Corp. - Segment focus
12.11 General Electric Co.
- General Electric Co. - Overview
- General Electric Co. - Business segments
- General Electric Co. - Key news
- General Electric Co. - Key offerings
- General Electric Co. - Segment focus
12.12 Horizon Signal Technologies Inc.
- Horizon Signal Technologies Inc. - Overview
- Horizon Signal Technologies Inc. - Product / Service
- Horizon Signal Technologies Inc. - Key offerings
12.13 LITE ON Technology Corp.
- LITE ON Technology Corp. - Overview
- LITE ON Technology Corp. - Business segments
- LITE ON Technology Corp. - Key offerings
- LITE ON Technology Corp. - Segment focus
12.14 Pfannenberg Group Holding GmbH
- Pfannenberg Group Holding GmbH - Overview
- Pfannenberg Group Holding GmbH - Product / Service
- Pfannenberg Group Holding GmbH - Key offerings
12.15 SWARCO AG
- SWARCO AG - Overview
- SWARCO AG - Product / Service
- SWARCO AG - Key offerings
12.16 Trafitronics India Pvt. Ltd.
- Trafitronics India Pvt. Ltd. - Overview
- Trafitronics India Pvt. Ltd. - Product / Service
- Trafitronics India Pvt. Ltd. - Key offerings
12.17 Ver Mac
- Ver Mac - Overview
- Ver Mac - Product / Service
- Ver Mac - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations