Authored By: Sarah
11 Jun 2021

LED Traffic Signs And Signals Market Size to Grow by $ 164.98 Million through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the led traffic signs and signals market and it is expected to grow by $ 164.98 mn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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LED Traffic Signs And Signals Market: Emerging Trends to Impact Market Growth

The increased investments toward road infrastructure development is driving the LED traffic signs and signals market growth. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors. Increasing road traffic accidents will facilitate the LED traffic signs and signals market growth in APAC over the forecast period.  This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

LED Traffic Signs And Signals Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aldridge Traffic Systems Pty Ltd., Alphatronics NV, ARCUS USA Inc., D G Controls Ltd., European Safety Systems Ltd., Econolite, Envoys Electronic Pvt. Ltd., Federal Signal Corp., General Electric Co., and SWARCO AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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