Global Light Emitting Diode Traffic Signs and Signals Market Report, History and Forecast 2020-2024, Breakdown Data by Manufacturers, Key Regions and Products | Technavio

LONDON–(COMMERCIAL THREAD) – The Light Emitting Diode Traffic Signs and Signals market is expected to grow by USD 356.63 million, with a CAGR of over 8% during the forecast period.

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Increasing investment in road infrastructure is one of the major factors propelling the growth of the market. However, factors such as improper installation and malfunction of road signs and signals will hamper the growth of the market.

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Light Emitting Diode Traffic Signs and Traffic Signs Market: Product Landscape

Traffic lights are a prerequisite at road intersections as well as highways, parking lots and toll booths. The gradual replacement of incandescent traffic lights with LED lights across the world, especially in major developed countries, has contributed to the growth of the traffic lights market. However, the growth of road signs and light emitting diode signals market share by the LED sign signals segment will be slower than the market growth by the LED sign signs segment.

Light Emitting Diode Traffic Signs and Traffic Signs Market: Geographic Landscape

North America was the largest LED traffic signs and signals market in 2019, and the region will provide several growth opportunities for market vendors during the forecast period. The potential opportunities for innovation in traffic lights and the development of infrastructure, such as roads, will significantly boost LED traffic signs and signal market growth in this region during the forecast period. 33% of the market growth will come from North America during the forecast period. The United States is one of the key markets for road signs and light-emitting diode traffic signals in North America. Market growth in this region will be slower than market growth in Europe and APAC.

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Covered companies:

  • Alphatronics SA

  • Econolite

  • Federal Signal Corp.

  • GE Current a Daintree Co.

  • Peek Traffic Corp.

  • Sinowatcher Technology Co. Ltd.

  • Swarco AG

  • Trafitronics India Pvt. Ltd.

  • Worm-Mac

  • WERMA Signaltechnik GmbH

What our reports offer:

  • Market share assessments for regional and national segments

  • Strategic recommendations for new entrants

  • Covers market data for 2019, 2020, through 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities and recommendations)

  • Strategic recommendations in key business segments based on market estimates

  • Competitive landscaping mapping the main common trends

  • Company profiling with detailed strategies, financial data and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio offers three forecast scenarios (optimistic, probable and pessimistic) given the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on COVID-19 market research reports.

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Main topics covered:

Abstract

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market Outlook: Forecast for 2019 – 2024

Five forces analysis

  • Summary of the five forces

  • The bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new participants

  • The threat of substitutes

  • Threat of rivalry

  • State of the market

Market segmentation by product

  • Market segments

  • Comparison by product

  • LED Traffic Lights Market Size and Forecast 2019-2024

  • LED Traffic Signs Market Size and Forecast 2019-2024

  • Market opportunity by product

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America Market Size and Forecast 2019-2024

  • Europe – Market Size and Forecast 2019-2024

  • APAC Market Size and Forecast 2019-2024

  • South America Market Size and Forecast 2019-2024

  • MEA – Market Size and Forecast 2019-2024

  • Main leading countries

  • Market opportunity by geography

  • Market factors

  • Market challenges

  • Market trends

Supplier landscape

  • Overview

  • Supplier landscape

  • Landscape disturbance

Supplier analysis

  • Covered suppliers

  • Positioning of sellers in the market

  • Alphatronics SA

  • Econolite

  • Federal Signal Corp.

  • GE Current a Daintree Co.

  • Peek Traffic Corp.

  • Sinowatcher Technology Co. Ltd.

  • Swarco AG

  • Trafitronics India Pvt. Ltd.

  • Worm-Mac

  • WERMA Signaltechnik GmbH

Annex

  • Scope of the report

  • Currency conversion rates for US $

  • Research methodology

  • Abreviations list

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