Market Overview:
The global road LED traffic signal light 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 energy-efficient and eco-friendly lighting solutions, coupled with the rising concerns over vehicular emissions and safety. In terms of type, the high power LED segment is expected to witness higher growth as compared to other segments during the forecast period. This can be attributed to its superior performance in terms of brightness, efficiency, and durability as compared to conventional LEDs. In terms of application, urban roads are expected to account for a larger share of the global market in 2018 owing to factors such as growing population density and rapid urbanization across regions.
Product Definition:
A Road LED Traffic Signal Light is a traffic light that is used to control the flow of traffic on a road. It is important because it helps to ensure the safety of drivers and pedestrians.
High Power LED:
High Power LED (HP LED) is a type of light-emitting diode that offers high brightness and efficiency compared to traditional LEDs. The first high power LED was launched in 2010, which had an efficacy of 100 lm/Watt, whereas the current commercial products offer an efficacies between 200lm/Watt to 1000lm/Watt.
Conventional LED:
Conventional LED is a type of light-emitting diode (LED) that was manufactured before the introduction of modern LED. Conventional LEDs are available in different colors and have low power efficiency as compared to modern LEDs. However, conventional LEDs are being used for several applications due to their low cost and better performance than organic or cold cathode fluorescent lamps (CCFLs). The major application areas include traffic signals, decorative lighting, general illumination, advertising billboards etc.
Application Insights:
The others application segment accounted for the largest share of more than 50% in 2017. The segment includes expressways, national highways, and other roads such as city streets and rural roads. The increasing number of projects for the development of road infrastructure across various countries is expected to drive the demand for LED traffic signal lights over the forecast period.
For instance, according to a blog by World Bank about ¢â‚¬Å“Road-based Development Strategies¢â‚¬ published in 2016, around USD 4 trillion needs to be invested annually between 2015 and 2030 in order to meet global transportation goals set by governments at international level.
Regional Analysis:
Asia Pacific dominated the global road LED traffic signal light market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing government initiatives, rising disposable income of consumers and rapid urbanization in developing countries such as China, India, Malaysia and Indonesia. Moreover, growing investments by local governments for improving public infrastructure are anticipated to drive demand for traffic lights with LEDs over the next eight years.
The European region accounted for a significant share of revenue in 2017 owing to early adoption of technologies such as energy-efficient lighting solutions that consume less power while providing better illumination at night. The Middle East & Africa region is projected to grow significantly from 2018 to 2030 due mainlyto increased government spending on infrastructure development projects along with rising oil revenues after major economies like Saudi Arabia reduced their dependence on oil prices by adopting economic diversification programs which include building new roads & bridges across cities along with expanding airport facilities among others).
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising concerns over vehicular emissions and environmental pollution
- Growing number of road construction projects worldwide
- Proliferation of LED technology across a wide range of applications
- Stringent government regulations mandating the use of energy-efficient lighting solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Road LED Traffic Signal Light Market Research Report
By Type
High Power LED, Conventional LED
By Application
Urban Road, Rural Road, Others
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Road LED Traffic Signal Light Market Report Segments:
The global Road LED Traffic Signal Light 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
Urban Road, Rural Road, 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:
- SWARCO
- Dialight
- Leotek
- GE Current
- Fama Traffic
- Traffic Technologies
- Anbang Electric
- Sinowatcher Technology
- Econolite Group
- WERMA
- Jingan
- Trafitronics India
Highlights of The Road LED Traffic Signal Light 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:
- Urban Road
- Rural Road
- 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 Road LED Traffic Signal Light 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 Road LED Traffic Signal Light is a type of traffic signal light that uses LEDs to provide illumination.
Some of the major companies in the road led traffic signal light market are SWARCO, Dialight, Leotek, GE Current, Fama Traffic, Traffic Technologies, Anbang Electric, Sinowatcher Technology, Econolite Group, WERMA, Jingan, Trafitronics India.
The road led traffic signal light market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Road LED Traffic Signal Light 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 Road LED Traffic Signal Light Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Road LED Traffic Signal Light 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 Road LED Traffic Signal Light 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 Road LED Traffic Signal Light Market Size & Forecast, 2020-2028
4.5.1 Road LED Traffic Signal Light Market Size and Y-o-Y Growth
4.5.2 Road LED Traffic Signal Light Market Absolute $ Opportunity
Chapter 5 Global 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 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 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 Market Size Forecast by Applications
6.2.1 Urban Road
6.2.2 Rural Road
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Road LED Traffic Signal Light 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 Road LED Traffic Signal Light 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 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 Market Size Forecast by Applications
9.10.1 Urban Road
9.10.2 Rural Road
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 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 Market Size Forecast by Applications
10.10.1 Urban Road
10.10.2 Rural Road
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 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 Market Size Forecast by Applications
11.10.1 Urban Road
11.10.2 Rural Road
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 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 Market Size Forecast by Applications
12.10.1 Urban Road
12.10.2 Rural Road
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) 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) Market Size Forecast by Applications
13.10.1 Urban Road
13.10.2 Rural Road
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 Road LED Traffic Signal Light Market: Competitive Dashboard
14.2 Global Road LED Traffic Signal Light 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
