The global Road LED Traffic Signals Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.9% during the review period (2022 to 2027)
Road LED Traffic Signals, also known as traffic buggy lights, are energy efficient and ideal for use in residential and commercial settings.The traffic lights market is about to get enormous opportunities as various countries are working on the growth of the infrastructure sector that includes roadways within the cities and across the borders. Governments across the world have taken the initiative to work on the roadways’ construction as they are one of the primary means of transportation in order to provide highways and expressways to connect the prominent cities.In order to create an impact across the market, LED technology is being used in the traffic signals lights market. LED lights are not only cost and energy-sufficient but also durable when they are compared with incandescent lights and hence manufacturers across the world are focusing on producing more LED lights.There is a vast increase of LED technology in the traffic signals light industry. For an instance, a traffic light named Luxofor which is designed by a Russian art studio, Art Lebedev is clearer and more visible as it is created with LED technology. Color change LED technology is energy-efficient, cost-effective, and is sustainable as well.Combining advanced LED technology, energy saving features and attractive styling, the Road LED Traffic Signals are the ideal choice for modern road marking.
Industry News and Updates
Traffic Group Signals launches advanced temporary signaling for haul routes
Walker Brothers, P. Trading & Consultant, Traffic & Parking Control Co., Inc., Qifayath Enterprises, MoboTrex, Bartco Traffic Equipment Pty Ltd., Pyrotech Electronics Pvt. Ltd., North America Traffic, MIMIC (Brand Of Steam Airetric Controls), Aldridge Traffic Systems Pty Ltd., Alphatronics NV, ARCUS USA Inc., D G Controls Ltd., European Safety Systems Ltd.,
The increasing traffic volume on the road leading towards the risks of road accidents due to rash driving and drunk-and-drive are directly proportional. Installation of traffic lights at the accident-prone areas such as intersections, hairpin bends, multiple lane roadways and etc. can aid to avoid unnecessary fatal situations in the long run.Nowadays with the increasing number of smartphone users, for whom normal traffic lights are not the line of sight while texting, the traffic lights strips on the sidewalks are expected to emerge as a new trend. For instance, the Bodegraven town in the Netherlands has installed green and red strips along the sidewalk that is synchronized with the traffic signals located on the intersections.
Road LED Traffic Signals Market is segmented based on the type, applications, companies, and regions.
The segment of high power LED holds a comparatively larger share in the global market, which accounts for about 86%.
By end user’s industry application:
The urban road holds an important share in terms of applications and accounts for 70% of the market share.
The report offers an in-depth assessment of the growth and other aspects of the Road LED Traffic Signals Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
The US is one of the key markets for light-emitting diode traffic signals in North America. Road LED Traffic Signals Market 33% of the growth will originate from the North America region. Road LED Traffic Signals Market growth will originate 31% from APAC during the forecast period. China is the key market for LED traffic signs and signals.APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increasing road traffic accidents will facilitate the LED traffic signs and signals market growth in APAC over the forecast period.
Forecast Period 2022 to 2028 CAGR
CAGR of 3.9% during the review period (2022 to 2027).
Walker Brothers, P. Trading & Consultant, Traffic & Parking Control Co., Inc., Qifayath Enterprises, MoboTrex, Bartco Traffic Equipment Pty Ltd., Pyrotech Electronics Pvt. Ltd., North America Traffic, MIMIC (Brand Of Steam Airetric Controls), Aldridge Traffic Systems Pty Ltd., Alphatronics NV, ARCUS USA Inc., D G Controls Ltd., European Safety Systems Ltd., Envoys Electronics Pvt. Ltd., Federal Signal Corp., General Electric Co. SWARCO, Dialight, Leotek, GE Current, Fama Traffic, Traffic Technologies, Anbang Electric, Sinowatcher Technology, Econolite Group, WERMA, Jingan, Trafitronics India, and others.
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
What is the study period of this market?
The Road LED Traffic Signals Market is studied from 2017 - 2027.
What is the growth rate of Road LED Traffic Signals Market?
The Road LED Traffic Signals Market is growing at a CAGR of 3.9% over the next 5 years.
What regions does this Road LED Traffic Signals Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.