Traffic signs and signals are a vital component for road safety management. They are used to maintain safety on road for pedestrians as well as drivers. They are usually erected on the sides of road with information for commuters. With the traffic volume increasing globally, countries have simplified and standardized their signs and signals to overcome language barriers and enhance safety. However, the placement of traffic signs and signals can vary to a considerable extent from country to country.
Technavio’s analysts forecast the global LED traffic signs and signals market to grow at a CAGR of 5.05% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global LED traffic signs and signals market for 2017-2021. To calculate the market size, the report considers new installations, volume and retrofit/replacement market.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global LED Traffic Signs and Signals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • SWARCO • Federal Signal • Econolite Group
Other prominent vendors • Aldridge Traffic Systems • Alphatronics • Arcus Light • D.G. Controls • E2S • Envoys • General Electric • Horizon Signal Technologies • Leotek • North America Traffic • Peek Traffic • Pfannenberg • Sinowatcher Technology • Trafitronics India • Trastar • Ver-Mac • WERMA Signaltechnik
Market driver • Increased investments toward road infrastructure development • For a full, detailed list, view our report
Market challenge • Increased traffic congestion • For a full, detailed list, view our report
Market trend • Increasing adoption of LED traffic signs and signals • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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