New York, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Light-Emitting Diode (LED) Traffic Signs and Signals Market 2023-2027" - https://www.reportlinker.com/p05949833/?utm_source=GNW
78 mn during 2023-2027, accelerating at a CAGR of 9.1% during the forecast period. Our 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 global 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.
The light-emitting diode (LED) traffic signs and signals market is segmented as below:
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, the provision of portable traffic lights and the introduction of smart traffic lights will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our 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
This 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., Traffic Safety Corp., Trafitronics India Pvt. Ltd., Trastar Inc., Ver Mac, WERMA Signaltechnik GmbH Co. KG, and SWARCO AG. 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 analyst presents a detailed picture of the market by 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 primary and secondary research. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report: https://www.reportlinker.com/p05949833/?utm_source=GNW
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