Market Overview:
The global LED traffic signals 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, rising concerns over vehicular emissions, and growing investments in transportation infrastructure. The LED traffic signals market is segmented on the basis of type into electric power and solar energy. The electric power segment is expected to account for a larger share of the global LED traffic signals market than the solar energy segment during the forecast period.
Product Definition:
An LED traffic signal is a traffic light that uses light emitting diodes (LEDs) as its source of illumination. LED traffic signals offer several benefits over traditional incandescent signals, including longer life, lower power consumption, and reduced maintenance costs.
Electric Power:
Electric power is the alternate source of energy for lighting and traffic signal devices. It helps in providing longer life to LED signals as compared to conventional sources. The growth factor in the electric power market is increasing demand for energy efficient products, growing urbanization, and government initiatives towards creating a green environment by reducing carbon emission.
Solar Energy:
Solar energy is the radiant light from the sun that helps in providing all necessary energy for living organisms. The solar wind is a stream of charged particles that flows from the Sun to outer space. It carries an electrical current of approximately two million amperes and it's known as solar rays or sunlight.
Application Insights:
Based on the application, the market is segmented into railway, airport, urban traffic and others. Railway was estimated as the largest segment in 2017 owing to its extensive usage for road signs and signals at both domestic and international levels. Moreover, increasing number of inter-state highways with rail tracks will further boost industry growth over the forecast period.
The railway application led to a significant increase in demand for LED traffic signals from 2014 due to an increase in passenger travel by train across various regions of North America and Europe. In addition, growing emphasis on improving punctuality by railways authorities will fuel industry expansion over the forecast period.
Regional Analysis:
The North American region dominated the global market in 2017. The growth of the regional market can be attributed to increasing investments in infrastructure development, growing adoption of electric power traffic signals, and rising awareness about energy conservation. Moreover, stringent government regulations regarding installation of LED lights are also expected to drive demand for these products over the forecast period.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rapid urbanization.
In terms of revenue, Europe accounted for a major share in 2017 due to early adoption of solar-powered led traffic signal systems by several countries such as Austria Belgium Denmark Finland France Germany Greece Italy Norway Poland Portugal Spain Sweden Switzerland UK Among them U.K.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising concerns over environmental pollution and global warming
- Proliferation of smart cities and the associated need for advanced infrastructure
- Growing adoption of LED lighting in automotive applications
- Technological advancements that are resulting in more efficient and brighter LEDs
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Traffic Signals Market Research Report
By Type
Electric Power, Solar Energy
By Application
Railway, Airport, UrbanTraffic, Others
By Companies
Swarco, Federal Signal, Econolite Group, Aldridge Traffic Systems, Alphatronics, Arcus Light, DG Controls, Envoys, General Electric, Horizon Signal Technologies, Leotek, Peek Traffic, Pfannenberg, Sinowatcher Technology, 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global LED Traffic Signals Market Report Segments:
The global LED Traffic Signals market is segmented on the basis of:
Types
Electric Power, Solar Energy
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
Railway, Airport, UrbanTraffic, 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
- Federal Signal
- Econolite Group
- Aldridge Traffic Systems
- Alphatronics
- Arcus Light
- DG Controls
- Envoys
- General Electric
- Horizon Signal Technologies
- Leotek
- Peek Traffic
- Pfannenberg
- Sinowatcher Technology
- Trafitronics India
Highlights of The LED Traffic Signals 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:
- Electric Power
- Solar Energy
- By Application:
- Railway
- Airport
- UrbanTraffic
- 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 Traffic Signals 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 traffic signals are a newer type of traffic signal that uses LED lights. They are more energy-efficient than traditional traffic signals, and they last longer.
Some of the major companies in the led traffic signals market are Swarco, Federal Signal, Econolite Group, Aldridge Traffic Systems, Alphatronics, Arcus Light, DG Controls, Envoys, General Electric, Horizon Signal Technologies, Leotek, Peek Traffic, Pfannenberg, Sinowatcher Technology, Trafitronics India.
The led traffic signals market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Traffic Signals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED Traffic Signals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Traffic Signals Market - Supply Chain
4.5. Global LED Traffic Signals Market Forecast
4.5.1. LED Traffic Signals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Traffic Signals Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Traffic Signals Market Absolute $ Opportunity
5. Global LED Traffic Signals Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LED Traffic Signals Market Size and Volume Forecast by Type
5.3.1. Electric Power
5.3.2. Solar Energy
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED Traffic Signals Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LED Traffic Signals Market Size and Volume Forecast by Application
6.3.1. Railway
6.3.2. Airport
6.3.3. UrbanTraffic
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED Traffic Signals Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LED Traffic Signals Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LED Traffic Signals Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LED Traffic Signals Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LED Traffic Signals Demand Share Forecast, 2019-2026
9. North America LED Traffic Signals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LED Traffic Signals Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LED Traffic Signals Market Size and Volume Forecast by Application
9.4.1. Railway
9.4.2. Airport
9.4.3. UrbanTraffic
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Traffic Signals Market Size and Volume Forecast by Type
9.7.1. Electric Power
9.7.2. Solar Energy
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LED Traffic Signals Demand Share Forecast, 2019-2026
10. Latin America LED Traffic Signals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LED Traffic Signals Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LED Traffic Signals Market Size and Volume Forecast by Application
10.4.1. Railway
10.4.2. Airport
10.4.3. UrbanTraffic
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Traffic Signals Market Size and Volume Forecast by Type
10.7.1. Electric Power
10.7.2. Solar Energy
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LED Traffic Signals Demand Share Forecast, 2019-2026
11. Europe LED Traffic Signals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LED Traffic Signals Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LED Traffic Signals Market Size and Volume Forecast by Application
11.4.1. Railway
11.4.2. Airport
11.4.3. UrbanTraffic
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Traffic Signals Market Size and Volume Forecast by Type
11.7.1. Electric Power
11.7.2. Solar Energy
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivenes/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LED Traffic Signals Demand Share, 2019-2026
12. Asia Pacific LED Traffic Signals Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LED Traffic Signals Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LED Traffic Signals Market Size and Volume Forecast by Application
12.4.1. Railway
12.4.2. Airport
12.4.3. UrbanTraffic
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Traffic Signals Market Size and Volume Forecast by Type
12.7.1. Electric Power
12.7.2. Solar Energy
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LED Traffic Signals Demand Share, 2019-2026
13. Middle East & Africa LED Traffic Signals Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LED Traffic Signals Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LED Traffic Signals Market Size and Volume Forecast by Application
13.4.1. Railway
13.4.2. Airport
13.4.3. UrbanTraffic
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Traffic Signals Market Size and Volume Forecast by Type
13.7.1. Electric Power
13.7.2. Solar Energy
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LED Traffic Signals Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Traffic Signals Market: Market Share Analysis
14.2. LED Traffic Signals Distributors and Customers
14.3. LED Traffic Signals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Swarco
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Federal Signal
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Econolite Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aldridge Traffic Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Alphatronics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arcus Light
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DG Controls
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Envoys
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. General Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Horizon Signal Technologies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Leotek
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Peek Traffic
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pfannenberg
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sinowatcher Technology
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Trafitronics India
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
