Market Overview:
The global LED traffic stoplight market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and eco-friendly lighting solutions, coupled with the growing awareness about the benefits of LED traffic stoplights over conventional stoplights. The global LED traffic stoplight market is segmented on the basis of type, application, and region. On the basis of type, it is divided into high power LED and conventional LED. High power LEDs are expected to witness higher growth rates as compared to conventional LEDs during the forecast period owing to their superior performance characteristics such as high brightness levels and low power consumption. By application, it is segmented into roadways, highways, and other applications such as parking lots or campuses etcetera . Roadways are expected to account for a larger share in terms of revenue in this market due to increasing investments by governments across different countries for upgrading their road infrastructure .
Product Definition:
An LED traffic stoplight is a type of traffic light that uses light-emitting diodes (LEDs) as the source of illumination. LED traffic stoplights are considered safer and more efficient than traditional incandescent stoplights, and are becoming increasingly common in municipalities around the world.
High Power LED:
High Power LED (HP LED) is a type of light-emitting diode that offers high brightness and efficiency compared to traditional low power LEDs. The growth factor in the market is its ability to be used for general lighting as well as for specific applications such as traffic signals, street lights, and parking lot lights. Traditional LEDs are used majorly in indicators or display panels whereas HP LEDs are used majorly in light sources.
Conventional LED:
Conventional LED is a type of light-emitting diode (LED) that emits light by the virtue of chemical reactions. Conventional LEDs are available in two forms including forward and backward compatible types. The conventional LED used in traffic stoplight is a backward compatible type, which has low power consumption compared to its counterpart forward compatible counterparts. Thus, it can be used as an alternative for traditional incandescent lamps without any upgrades to infrastructure or changes in vehicle design.
Application Insights:
The road application segment led the global LED traffic stoplight market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growing emphasis on improving road infrastructure across various regions, such as Asia Pacific and Middle East & Africa, is expected to drive demand for traffic signals over the coming years.
Traffic signals equipped with high power LEDs are used at major junctions and highways where visibility is important owing to heavy vehicle or pedestrian traffic. These devices help in indicating green phase for vehicles when it is safe to proceed forward, while simultaneously flashing yellow warning lights for drivers that caution them not to proceed until the red light turns green.
The other applications segment comprises of railway crossings, marine vessels along with coastal shipping channels, airports/airport runways etc.
Regional Analysis:
The North American region dominated the global market in 2017. The growth of the regional market can be attributed to various factors such as increasing road accidents, growing awareness about traffic rules and regulations, and rising deployment of LED lights at traffic signals. Moreover, presence of prominent players in this region is also expected to drive the demand for LED traffic lights over the forecast period.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rapid urbanization and industrialization in countries such as China and India. In addition, governments’ focus on improving public safety by reducing road fatalities is expected to propel demand for LEDs during upcoming years. Furthermore, growing investments by prominent players are also likely contribute toward increased adoption of LEDs across this region during 2018-2030 periods. For instance; In January 2016; Samsung Electronics Co., Ltd.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising concerns over traffic congestion and safety
- Proliferation of LED technology across a wide range of applications
- Growing popularity of smart city initiatives worldwide
- Increasing investments in transportation infrastructure
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Traffic Stoplight Market Research Report
By Type
High Power LED, Conventional LED
By Application
Road, Highway, Other
By Companies
SWARCO, Dialight, Leotek, GE Current, Fama Traffic, Traffic Technologies, Anbang Electric, Sinowatcher Technology, Econolite Group, WERMA, Jingan, Trafitronics India
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global LED Traffic Stoplight Market Report Segments:
The global LED Traffic Stoplight market is segmented on the basis of:
Types
High Power LED, Conventional LED
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
Road, Highway, Other
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:
- SWARCO
- Dialight
- Leotek
- GE Current
- Fama Traffic
- Traffic Technologies
- Anbang Electric
- Sinowatcher Technology
- Econolite Group
- WERMA
- Jingan
- Trafitronics India
Highlights of The LED Traffic Stoplight 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:
- High Power LED
- Conventional LED
- By Application:
- Road
- Highway
- Other
- 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 Traffic Stoplight 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?
A LED Traffic Stoplight is a type of traffic signal that uses LEDs to indicate when it is safe to cross the street.
Some of the key players operating in the led traffic stoplight market are SWARCO, Dialight, Leotek, GE Current, Fama Traffic, Traffic Technologies, Anbang Electric, Sinowatcher Technology, Econolite Group, WERMA, Jingan, Trafitronics India.
The led traffic stoplight market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Traffic Stoplight 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 Traffic Stoplight Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Traffic Stoplight 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 Traffic Stoplight 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 Traffic Stoplight Market Size & Forecast, 2018-2028
4.5.1 LED Traffic Stoplight Market Size and Y-o-Y Growth
4.5.2 LED Traffic Stoplight Market Absolute $ Opportunity
Chapter 5 Global LED Traffic Stoplight 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 Traffic Stoplight Market Size Forecast by Type
5.2.1 High Power LED
5.2.2 Conventional LED
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Traffic Stoplight 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 Traffic Stoplight Market Size Forecast by Applications
6.2.1 Road
6.2.2 Highway
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Traffic Stoplight 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 Traffic Stoplight 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 Traffic Stoplight Analysis and Forecast
9.1 Introduction
9.2 North America LED Traffic Stoplight 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 Traffic Stoplight Market Size Forecast by Type
9.6.1 High Power LED
9.6.2 Conventional LED
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 Traffic Stoplight Market Size Forecast by Applications
9.10.1 Road
9.10.2 Highway
9.10.3 Other
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 Traffic Stoplight Analysis and Forecast
10.1 Introduction
10.2 Europe LED Traffic Stoplight 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 Traffic Stoplight Market Size Forecast by Type
10.6.1 High Power LED
10.6.2 Conventional LED
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 Traffic Stoplight Market Size Forecast by Applications
10.10.1 Road
10.10.2 Highway
10.10.3 Other
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 Traffic Stoplight Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Traffic Stoplight 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 Traffic Stoplight Market Size Forecast by Type
11.6.1 High Power LED
11.6.2 Conventional LED
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 Traffic Stoplight Market Size Forecast by Applications
11.10.1 Road
11.10.2 Highway
11.10.3 Other
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 Traffic Stoplight Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Traffic Stoplight 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 Traffic Stoplight Market Size Forecast by Type
12.6.1 High Power LED
12.6.2 Conventional LED
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 Traffic Stoplight Market Size Forecast by Applications
12.10.1 Road
12.10.2 Highway
12.10.3 Other
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 Traffic Stoplight Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Traffic Stoplight 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 Traffic Stoplight Market Size Forecast by Type
13.6.1 High Power LED
13.6.2 Conventional LED
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 Traffic Stoplight Market Size Forecast by Applications
13.10.1 Road
13.10.2 Highway
13.10.3 Other
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 Traffic Stoplight Market: Competitive Dashboard
14.2 Global LED Traffic Stoplight Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SWARCO
14.3.2 Dialight
14.3.3 Leotek
14.3.4 GE Current
14.3.5 Fama Traffic
14.3.6 Traffic Technologies
14.3.7 Anbang Electric
14.3.8 Sinowatcher Technology
14.3.9 Econolite Group
14.3.10 WERMA
14.3.11 Jingan
14.3.12 Trafitronics India
