Market Overview:
The global LED road flares and safety lights market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for LED road flares and safety lights in various applications such as expressways, ordinary highways, and others. Additionally, the growing awareness about the benefits of using LED road flares and safety lights is also contributing to the growth of this market. The global LED road flares and safety lights market by type is segmented into Road Flares and Safety Lights. The Road Flares segment is further sub-segmented into handhelds, stick type, vehicle mounted type, marine type, railway signal type), whereas Safety Lights are further sub-segmented into warning light bars (light bars for trucks & trailers), strobe lighting systems (for industrial & commercial applications)and beacon lighting systems (portable or fixed). Among these segments, Handhelds held a dominant share in 2017 owing to its low cost as well as easy portability across different locations.
Product Definition:
LED road flares and safety lights are devices that are used to improve the safety of people who are on the road. They can be used to indicate hazards on the road, or to indicate that a vehicle has stopped.
Road Flares:
LED road flares and safety lights are used to indicate an emergency or warning. They are available in different forms such as steady burning, pulsating, and modulated light sources. LED road flares & safety lights have a longer life span than conventional counterparts owing to the absence of harmful chemicals present in them.
Safety Lights:
Safety lights are used in various applications such as traffic signals, road work signs, and lane change signs. They are also used in aircraft to indicate the position of landing gear and engines. The global safety light market is expected to witness significant growth over the forecast period owing to increasing demand for high-visibility warning signal devices along with a rise in construction activities across the globe.
Application Insights:
The others application segment accounted for the largest share of over 50.0% in 2017 and is anticipated to witness significant growth over the forecast period. The growing importance of road safety lights on account of increasing number of road accidents due to lack of proper lighting has been a major factor driving the demand for LED Road Flares and Safety Lights. Expressways are expected to be one among the fastest-growing segments, owing to high visibility offered by these products coupled with durability and reliability, which is likely drive adoption across various expressways around the world.
Global LED Road Flares.
Regional Analysis:
The Asia Pacific led the global market in 2017 and is anticipated to continue its dominance over the forecast period. This can be attributed to increasing road infrastructure development, rising number of construction activities, and growing adoption of LED safety products across countries such as China, India, Japan and Australia. Moreover, emerging economies such as China are adopting western culture resulting in an increase in demand for variousLED safety products including road flares & lights.
In addition to this reason; government initiatives encouraging public-private partnerships (PPP) for developing infrastructure projects are expected to boost investments from foreign players which will subsequently drive product demand over the forecast period.
Growth Factors:
- Increasing demand for LED road flares and safety lights from the automotive industry as a result of stringent government regulations for vehicle lighting.
- Rising demand for LED road flares and safety lights in the construction industry as a result of increasing awareness about their benefits over traditional lighting solutions.
- Growing popularity of LED road flares and safety lights among consumers due to their energy-efficiency, durability, and low maintenance requirements.
- Increasing adoption of LED road flares and safety lights by emergency services agencies worldwide due to their superior performance characteristics in challenging environments.
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Road Flares and Safety Lights Market Research Report
By Type
Road Flares, Safety Lights
By Application
Expressway, Ordinary Highway, Others
By Companies
Aervoe Industries, ECCO, Emergency Medical International, FlareAlert, PowerFlare Corporation, Winfys Industry Co
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global LED Road Flares and Safety Lights Market Report Segments:
The global LED Road Flares and Safety Lights market is segmented on the basis of:
Types
Road Flares, Safety Lights
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Expressway, Ordinary Highway, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aervoe Industries
- ECCO
- Emergency Medical International
- FlareAlert
- PowerFlare Corporation
- Winfys Industry Co
Highlights of The LED Road Flares and Safety Lights Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Road Flares
- Safety Lights
- By Application:
- Expressway
- Ordinary Highway
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED Road Flares and Safety Lights Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LED Road Flares and Safety Lights are a type of lighting that emits a bright light in the direction you point it. They are often used as temporary safety devices on roads, and can be attached to vehicles, poles, or other objects.
Some of the major companies in the led road flares and safety lights market are Aervoe Industries, ECCO, Emergency Medical International, FlareAlert, PowerFlare Corporation, Winfys Industry Co.
The led road flares and safety lights market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Road Flares and Safety Lights Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LED Road Flares and Safety Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Road Flares and Safety Lights Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LED Road Flares and Safety Lights Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LED Road Flares and Safety Lights Market Size & Forecast, 2018-2028
4.5.1 LED Road Flares and Safety Lights Market Size and Y-o-Y Growth
4.5.2 LED Road Flares and Safety Lights Market Absolute $ Opportunity
Chapter 5 Global LED Road Flares and Safety Lights Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LED Road Flares and Safety Lights Market Size Forecast by Type
5.2.1 Road Flares
5.2.2 Safety Lights
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Road Flares and Safety Lights Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LED Road Flares and Safety Lights Market Size Forecast by Applications
6.2.1 Expressway
6.2.2 Ordinary Highway
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Road Flares and Safety Lights Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Road Flares and Safety Lights Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LED Road Flares and Safety Lights Analysis and Forecast
9.1 Introduction
9.2 North America LED Road Flares and Safety Lights Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LED Road Flares and Safety Lights Market Size Forecast by Type
9.6.1 Road Flares
9.6.2 Safety Lights
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LED Road Flares and Safety Lights Market Size Forecast by Applications
9.10.1 Expressway
9.10.2 Ordinary Highway
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LED Road Flares and Safety Lights Analysis and Forecast
10.1 Introduction
10.2 Europe LED Road Flares and Safety Lights Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LED Road Flares and Safety Lights Market Size Forecast by Type
10.6.1 Road Flares
10.6.2 Safety Lights
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LED Road Flares and Safety Lights Market Size Forecast by Applications
10.10.1 Expressway
10.10.2 Ordinary Highway
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LED Road Flares and Safety Lights Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Road Flares and Safety Lights Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LED Road Flares and Safety Lights Market Size Forecast by Type
11.6.1 Road Flares
11.6.2 Safety Lights
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LED Road Flares and Safety Lights Market Size Forecast by Applications
11.10.1 Expressway
11.10.2 Ordinary Highway
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LED Road Flares and Safety Lights Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Road Flares and Safety Lights Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LED Road Flares and Safety Lights Market Size Forecast by Type
12.6.1 Road Flares
12.6.2 Safety Lights
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LED Road Flares and Safety Lights Market Size Forecast by Applications
12.10.1 Expressway
12.10.2 Ordinary Highway
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LED Road Flares and Safety Lights Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Road Flares and Safety Lights Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LED Road Flares and Safety Lights Market Size Forecast by Type
13.6.1 Road Flares
13.6.2 Safety Lights
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LED Road Flares and Safety Lights Market Size Forecast by Applications
13.10.1 Expressway
13.10.2 Ordinary Highway
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Road Flares and Safety Lights Market: Competitive Dashboard
14.2 Global LED Road Flares and Safety Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aervoe Industries
14.3.2 ECCO
14.3.3 Emergency Medical International
14.3.4 FlareAlert
14.3.5 PowerFlare Corporation
14.3.6 Winfys Industry Co
