Market Overview:
The global solar traffic signs market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and rising concerns over environmental pollution. The global solar traffic signs market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into above 2 sqm, between 1-2 sqm, and below 1 sqm. The above 2 sqm segment is expected to hold a major share in the global solar traffic signs market during the forecast period owing to its high efficiency and large size as compared to other types of solar traffic signs. On the basis of application, guide & direction signs are expected to hold a major share in terms of revenue in 2018 owing to their widespread use across various regions for providing directional information regarding routes or destinations.
Product Definition:
Solar traffic signs are used to provide instructions or warnings to drivers. They are powered by solar panels, which charge batteries that power the sign's lights. This means that they can continue to operate even during a power outage. Solar traffic signs are important because they help keep drivers safe by providing them with information about road conditions and restrictions.
Above 2 Sqm:
Above 2 sqm, it's usage and growth factor in the solar traffic signs market is driven by factors such as growing demand for sustainable energy, increasing government initiatives towards renewable energy and rising awareness among consumers.
Between 1-2 Sqm:
The global solar traffic signs market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing popularity of solar-powered road signs across various countries including China, India, Germany, Spain and the U.S.
Application Insights:
The others segment held the largest share of more than 50.0% in 2017. The segment includes information regarding hours of operation, opening and closing times for traffic control, and other related information pertaining to road conditions or hazards on the roads. These signs are used at various locations such as interchange connecting two highways, grade separators on highways that separate opposing directions of traffic traveling along different levels, interchanges between expressways and motorways etcetera.
Guide & direction signs were the second-largest application segment in 2017 with a share of over 19%. These types of solar road signages provide directional information to drivers about their next destination or indicate upcoming turns etcetera while driving a vehicle on a highway or major roadway junction area using arrows pointing in the respective direction based on an angle measurement from one signpost to another along with additional text providing further details about distances covered etcetera.
Regional Analysis:
Asia Pacific regional solar traffic signs market is anticipated to grow at the highest CAGR of XX% over the forecast period. This growth can be attributed to increasing road infrastructure, growing population and rising disposable income in emerging economies such as China and India. Furthermore, government initiatives encouraging people to use public transport are expected to play a key role in reducing carbon footprint by decreasing vehicular emissions across this region which will further drive demand for these products over the next eight years.
North America accounted for more than 20% of global revenue share in 2017 owing to well-established infrastructure network coupled with high adoption rate of advanced technologies across this region which results into higher demand for solar traffic signs globally. Moreover, stringent regulations regarding energy consumption by federal agencies such as U.
Growth Factors:
- Increasing demand for solar traffic signs from the transportation sector as a result of growing awareness about the benefits of using these signs
- Rising concerns over environmental pollution and global warming, which is driving governments and municipalities to adopt solar-powered traffic signage systems
- Growing investments in smart city initiatives that promote the use of renewable energy sources such as solar power
- Proliferation of digital signage solutions that offer enhanced functionality and flexibility compared to traditional static signs
- Increasing demand for LED lighting systems, which are often used in conjunction with solar-powered traffic signs to improve their performance
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Traffic Signs Market Research Report
By Type
Above 2 Sqm, Between 1-2 Sqm, Below 1 Sqm
By Application
Guide & Direction Signs, Warning Signs, Regulatory Signs, Others
By Companies
Solar Traffic Systems, Inc, TAPCO, Solar Traffic Controls, L.L.C., Benedrive, JSF Technologies, Xiangxu Traffic, Taizhou Stars Plastic Safety Device Co.,Ltd, Messagemaker, Shenzhen CadSolar Technology Co.,Ltd, Solar Traffic Systems, Inc
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Solar Traffic Signs Market Report Segments:
The global Solar Traffic Signs market is segmented on the basis of:
Types
Above 2 Sqm, Between 1-2 Sqm, Below 1 Sqm
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
Guide & Direction Signs, Warning Signs, Regulatory Signs, 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:
- Solar Traffic Systems, Inc
- TAPCO
- Solar Traffic Controls, L.L.C.
- Benedrive
- JSF Technologies
- Xiangxu Traffic
- Taizhou Stars Plastic Safety Device Co.,Ltd
- Messagemaker
- Shenzhen CadSolar Technology Co.,Ltd
- Solar Traffic Systems, Inc
Highlights of The Solar Traffic Signs 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:
- Above 2 Sqm
- Between 1-2 Sqm
- Below 1 Sqm
- By Application:
- Guide & Direction Signs
- Warning Signs
- Regulatory Signs
- 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 Solar Traffic Signs 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
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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?
Solar Traffic Signs are a type of sign that use solar energy to display information. They are typically mounted on the roof of a building, and can be used to warn drivers about traffic conditions or provide information about nearby attractions.
Some of the key players operating in the solar traffic signs market are Solar Traffic Systems, Inc, TAPCO, Solar Traffic Controls, L.L.C., Benedrive, JSF Technologies, Xiangxu Traffic, Taizhou Stars Plastic Safety Device Co.,Ltd, Messagemaker, Shenzhen CadSolar Technology Co.,Ltd, Solar Traffic Systems, Inc.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Traffic Signs 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 Solar Traffic Signs Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Solar Traffic Signs 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 Solar Traffic Signs 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 Solar Traffic Signs Market Size & Forecast, 2020-2028 4.5.1 Solar Traffic Signs Market Size and Y-o-Y Growth 4.5.2 Solar Traffic Signs 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 Above 2 Sqm
5.2.2 Between 1-2 Sqm
5.2.3 Below 1 Sqm
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 Guide & Direction Signs
6.2.2 Warning Signs
6.2.3 Regulatory Signs
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Traffic Signs 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 Solar Traffic Signs 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 Above 2 Sqm
9.6.2 Between 1-2 Sqm
9.6.3 Below 1 Sqm
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 Guide & Direction Signs
9.10.2 Warning Signs
9.10.3 Regulatory Signs
9.10.4 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 Above 2 Sqm
10.6.2 Between 1-2 Sqm
10.6.3 Below 1 Sqm
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 Guide & Direction Signs
10.10.2 Warning Signs
10.10.3 Regulatory Signs
10.10.4 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 Above 2 Sqm
11.6.2 Between 1-2 Sqm
11.6.3 Below 1 Sqm
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 Guide & Direction Signs
11.10.2 Warning Signs
11.10.3 Regulatory Signs
11.10.4 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 Above 2 Sqm
12.6.2 Between 1-2 Sqm
12.6.3 Below 1 Sqm
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 Guide & Direction Signs
12.10.2 Warning Signs
12.10.3 Regulatory Signs
12.10.4 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 Above 2 Sqm
13.6.2 Between 1-2 Sqm
13.6.3 Below 1 Sqm
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 Guide & Direction Signs
13.10.2 Warning Signs
13.10.3 Regulatory Signs
13.10.4 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 Solar Traffic Signs Market: Competitive Dashboard
14.2 Global Solar Traffic Signs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Solar Traffic Systems, Inc
14.3.2 TAPCO
14.3.3 Solar Traffic Controls, L.L.C.
14.3.4 Benedrive
14.3.5 JSF Technologies
14.3.6 Xiangxu Traffic
14.3.7 Taizhou Stars Plastic Safety Device Co.,Ltd
14.3.8 Messagemaker
14.3.9 Shenzhen CadSolar Technology Co.,Ltd
14.3.10 Solar Traffic Systems, Inc