Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Solar Traffic Signs Market by Type (Above 2 Sqm, Between 1-2 Sqm, Below 1 Sqm), By Application (Guide & Direction Signs, Warning Signs, Regulatory Signs, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Solar Traffic Signs Market by Type (Above 2 Sqm, Between 1-2 Sqm, Below 1 Sqm), By Application (Guide & Direction Signs, Warning Signs, Regulatory Signs, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 340746 4200 Automobile & Transportation 377 125 Pages 4.8 (38)
                                          

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.


Global Solar Traffic Signs Industry Outlook


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:

  1. Solar Traffic Systems, Inc
  2. TAPCO
  3. Solar Traffic Controls, L.L.C.
  4. Benedrive
  5. JSF Technologies
  6. Xiangxu Traffic
  7. Taizhou Stars Plastic Safety Device Co.,Ltd
  8. Messagemaker
  9. Shenzhen CadSolar Technology Co.,Ltd
  10. Solar Traffic Systems, Inc

Global Solar Traffic Signs Market Overview


Highlights of The Solar Traffic Signs Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Above 2 Sqm
    2. Between 1-2 Sqm
    3. Below 1 Sqm
  1. By Application:

    1. Guide & Direction Signs
    2. Warning Signs
    3. Regulatory Signs
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

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Global Solar Traffic Signs Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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