Global Variable Message Signs for Intelligent Transportation System Markets to 2024 - Rise in Demand for Real-Time Communication Systems & Rise in Use of Wireless Solutions
DUBLIN, April 29, 2019 /PRNewswire/ -- The "Global Variable Message Signs for Intelligent Transportation System Market Forecasts to 2024" report has been added to ResearchAndMarkets.com's offering.
Global Variable Message Signs for Intelligent Transportation System Market revenue is estimated to increase from $16.7 million in 2018 to $21.7 million by 2024, growing at a CAGR of 4.4% during the forecast period.
The market will be driven by the increasing demand from the US and Western European countries. The Western Europe market has the strongest hold due to the presence of various large and small-scale variable messaging signs manufacturing-based industries and well-developed IT infrastructure. The US is witnessing growth due to the spending from federal and state government entities. The market in APAC is in its initial stages due to the lack of specialized variable messaging signs technology solutions and digital infrastructure in emerging economies that hamper the market growth.
Market Segmentation Analysis:
The study covers and analyzes the Global Variable Message Signs for Intelligent Transportation System Market by components, applications, and regions. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenarios, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and make informed decisions. The regions covered include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The revenue is generated mainly from North America, Europe, and Asia Pacific. North America is leading in the market, followed by Europe, and Asia Pacific is emerging in the variable message signs market.
Regions and Vendors Analysis:
The report contains an in-depth analysis of the vendors, which includes financial health, business units, key business priorities, SWOT, strategies, and views. The key and prominent vendors covered in the report include Daktronics Inc., EBSCO Industries Inc., Skyline Products Inc., Swarco AG, Wanco Inc., and Aesys among many others. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.
Key Topics Covered:
1 Executive Summary
1.1 High Dominance and High Growth Markets in Variable Message Signs
2 Industry Outlook
2.1 Industry Snapshot
2.1.1 Industry Trends
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segment Addressable Market
3.2.1 PEST Analysis
3.2.2 Porter's Five Force Analysis
3.3 Related Markets
4 Market Characteristics
4.1 Market Overview
4.2 Market Development and Technological Impact
4.3 Market Segmentation
4.4 Market Dynamics
4.4.1 Drivers
4.4.1.1 Rise in demand for real-time communication systems
4.4.1.2 Fusion of technologies
4.4.1.3 Rise in use of wireless solutions
4.4.2 Restraints
4.4.2.1 Complexity in development of variable message signs technologies
4.4.2.2 Lack of skilled workforce
4.4.2.3 Managing traditional networks
4.4.3 Opportunities
4.4.3.1 Growth of digital technologies
4.4.3.2 Software as a core strategy
4.4.3.3 Emerging Economies
4.4.4 DRO - Impact Analysis
4.4.5 Key Stakeholders
5 Variable Message Signs Market, By Component
5.1 Overview
5.2 Hardware
5.3 Software
5.4 LED-based displays
6 Variable Message Signs Market, By Applications
6.1 Overview
6.2 Active Urban Traffic Management
6.3 Freeways, Tunnels, Toll Facilities, Emergency (Hard Shoulder) Management
6.4 Airport, Rail and Bus Passenger's Guidance and Lane Management
6.5 Parking Guidance and Management
7 Variable Message Signs Market, By Geography
7.1 Overview
7.2 North America
7.2.1 DRO for North America
7.2.2 The U.S.
7.2.3 Canada
7.3 Europe
7.3.1 DRO for Europe
7.3.2 Germany
7.3.3 France
7.3.4 The U.K.
7.3.5 Italy
7.3.6 Rest of Europe
7.4 Asia-Pacific
7.4.1 DRO for Asia-Pacific
7.4.2 China
7.4.3 Japan
7.4.4 Australia
7.4.5 India
7.4.6 Rest of Asia-Pacific
7.5 LAMEA
7.5.1 DRO for LAMEA
7.5.2 Brazil
7.5.3 Rest of Latin America
7.5.4 GCC Countries
7.5.5 South Africa
7.5.6 Rest of Middle East & Africa
8 Vendor Profiles
- Aesys
- Daktronics
- EBSCO Industries Inc.
- Efftronics Systems Pvt. Ltd.
- Photonplay Systems Inc.
- SES America
- SWARCO AG
- Skyline Products, Inc.
- Variable Message Signs Limited
- Wanco, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/iberrm
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