LED Traffic Signs And Signals Market: By Applications By Product Types and Region Forecast 2020-2031
LED Traffic Signs And Signals Market: By Applications By Product Types and Region Forecast 2020-2031
LED Traffic Signs And Signals Market size was valued at US$ 184.9 million in 2023 and is expected to grow at a CAGR of 4.3% from the forecast period 2024-2030. 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 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.
Study Period
2025-2031Base Year
2024CAGR
4.3%Largest Market
Asia-PacificFastest Growing Market
North-America
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.
North America contributed major revenue followed by Europe and Asia Pacific. In 2021, North America region accounted huge growth rate and is anticipated to grow with a forecast year by construction of transport networks as the installation of signs and signals will control the movement of traffic resulting in decreased injuries. Europe Increased traffic congestion and increasing adoption of LED traffic signs and signals. Asia Pacific led with the key market players which boost the global LED traffic signs and signals market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2023 |
US$ 184.9 million |
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Market CAGR |
4.3% |
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By Application |
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By Product Type |
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By Region |
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The led traffic signs and signals market size was valued at US$ 184.9 million in 2023 and is expected to grow at a CAGR of 4.3% from the forecast period 2024-2030.
Alphatronics N.V., Econolite, Federal Signal Corp., GE Current a Daintree Co., Peek Traffic Corp., Sinowatcher Technology Co. Ltd., SWARCO AG
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 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, 2019 - 2024 and Forecast, 2025 - 2031 |
| 4.1. Market Analysis, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2019 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.1. Electric Power |
| 5.1.1. Market Analysis, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2019 - 2024 and Forecast, 2025 - 2031 |
| 6.1. Railway |
| 6.1.1. Market Analysis, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2019 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2019 - 2024 and Forecast, 2025 - 2031 (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, 2025 - 2031 |
| 8. North America LED Traffic Signs and Signals Market Analysis, 2019 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 8.1. Product Type Analysis 2019 - 2024 and Forecast 2025 - 2031 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 2019 - 2024 and Forecast 2025 - 2031 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 2019 - 2024 and Forecast 2025 - 2031 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, 2025 - 2031 |
| 8.5. North America LED Traffic Signs and Signals Market Dynamics Trends |
| 9. Europe LED Traffic Signs and Signals Market Analysis, 2019 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2019 - 2024 and Forecast 2025 - 2031 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 2019 - 2024 and Forecast 2025 - 2031 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 2019 - 2024 and Forecast 2025 - 2031 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, 2025 - 2031 |
| 9.5. Europe LED Traffic Signs and Signals Market Dynamics Trends |
| 10. Asia-Pacific LED Traffic Signs and Signals Market Analysis, 2019 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2019 - 2024 and Forecast 2025 - 2031 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 2019 - 2024 and Forecast 2025 - 2031 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 2019 - 2024 and Forecast 2025 - 2031 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, 2025 - 2031 |
| 10.5. Asia-Pacific LED Traffic Signs and Signals Market Dynamics Trends |
| 11. Latin America LED Traffic Signs and Signals Market Analysis, 2019 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2019 - 2024 and Forecast 2025 - 2031 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 2019 - 2024 and Forecast 2025 - 2031 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 2019 - 2024 and Forecast 2025 - 2031 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, 2025 - 2031 |
| 11.5. Latin America LED Traffic Signs and Signals Market Dynamics Trends |
| 12. Middle East and Africa LED Traffic Signs and Signals Market Analysis, 2019 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2019 - 2024 and Forecast 2025 - 2031 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 2019 - 2024 and Forecast 2025 - 2031 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 2019 - 2024 and Forecast 2025 - 2031 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, 2025 - 2031 |
| 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 |
Key Market Players
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