Light-emitting diode traffic signs and signals market: Growth opportunities led by Aldridge Electrical Industries Pty Ltd, Alphatronics NV, and ARCUS USA Inc- Technavio

NEW YORK, Dec. 16, 2022 /PRNewswire/ -- The light-emitting diode (led) traffic signs and signals market size is forecast to increase by USD 521.78 million from 2022 to 2027, at a CAGR of 9.1%, according to the recent market study by Technavio. The growth of the market will be driven by increased investments toward road infrastructure development, increasing road traffic accidents, and growing adoption of LED traffic lights.

Technavio categorizes the global light-emitting diode (LED) traffic signs and signals market as a part of the global electrical components and equipment market within the global electrical equipment market. The parent market, the global electrical components and equipment market covers companies engaged in manufacturing electric cables and wires, electrical components, and electrical equipment.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report

Technavio has extensively analyzed 15 major vendors, including Aldridge Electrical Industries Pty Ltd., Alphatronics NV, ARCUS USA Inc., D G Controls Ltd., Econolite Control Products Inc., Envoys Electronics Pvt. Ltd., European Safety Systems Ltd., Federal Signal Corp., General Electric Co., Horizon Signal Technologies Inc., LITE-ON Technology Corp., North America Traffic, Pfannenberg Group Holding GmbH, Sinowatcher Technology Co. Ltd., Traffic Safety Corp., Trafitronics India Pvt. Ltd., Trastar Inc., Ver Mac, WERMA Signaltechnik GmbH Co. KG, and SWARCO AG

Key benefits for industry players & stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

Get a holistic overview of the light-emitting diode (LED) traffic signs and signals market by industry experts to evaluate and develop growth strategies. Download the Sample

The market is segmented by product (LED traffic signals and LED traffic signs), end-user (urban traffic, railway, airport, and others), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). 

Segmentation by product (LED traffic signals and LED traffic signs)

• LED traffic signals: The market share growth by the LED traffic signals segment will be significant during the forecast period. The market for LED traffic signals has grown as LED traffic signals have gradually replaced incandescent traffic lights all across the world, particularly in large developed countries. Several state and municipal jurisdictions in the United States are promoting LED traffic signals, which is effectively contributing to the segment's growth. Factors such as an increase in the frequency of traffic accidents and injuries, as well as increased investments in road infrastructure across various countries, are driving the expansion of the LED traffic signal segment.         

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What are the key data covered in this light-emitting diode (LED) traffic signs and signals market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the light-emitting diode (LED) traffic signs and signals market between 2023 and 2027
• Precise estimation of the size of the light-emitting diode (LED) traffic signs and signals market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the light-emitting diode (LED) traffic signs and signals market across North America, Europe, APAC, South America, and Middle East & Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of light-emitting diode (LED) traffic signs and signals market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global light-emitting diode (LED) traffic signs and signals market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global light-emitting diode (LED) traffic signs and signals market 2017 - 2021 ($ million)

• 4.2 By Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – By Product Segment 2017 - 2021 ($ million)

• 4.3 By End User Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – By End User Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 LED traffic signals - Market size and forecast 2022-2027
• Exhibit 34: Chart on LED traffic signals - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on LED traffic signals - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on LED traffic signals - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on LED traffic signals - Year-over-year growth 2022-2027 (%)

• 6.4 LED traffic signs - Market size and forecast 2022-2027
• Exhibit 38: Chart on LED traffic signs - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on LED traffic signs - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on LED traffic signs - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on LED traffic signs - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Urban traffic - Market size and forecast 2022-2027
• Exhibit 47: Chart on Urban traffic - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Urban traffic - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Urban traffic - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Urban traffic - Year-over-year growth 2022-2027 (%)

• 7.4 Railway - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Railway - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Railway - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Railway - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Railway - Year-over-year growth 2022-2027 (%)

• 7.5 Airport - Market size and forecast 2022-2027
• Exhibit 55: Chart on Airport - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Airport - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Airport - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Airport - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Aldridge Electrical Industries Pty Ltd.
• Exhibit 116: Aldridge Electrical Industries Pty Ltd. - Overview
• Exhibit 117: Aldridge Electrical Industries Pty Ltd. - Product / Service
• Exhibit 118: Aldridge Electrical Industries Pty Ltd. - Key offerings

• 12.4 Alphatronics NV 
• Exhibit 119: Alphatronics NV - Overview
• Exhibit 120: Alphatronics NV - Product / Service
• Exhibit 121: Alphatronics NV - Key offerings

• 12.5 ARCUS USA Inc. 
• Exhibit 122: ARCUS USA Inc. - Overview
• Exhibit 123: ARCUS USA Inc. - Product / Service
• Exhibit 124: ARCUS USA Inc. - Key offerings

• 12.6 D G Controls Ltd. 
• Exhibit 125: D G Controls Ltd. - Overview
• Exhibit 126: D G Controls Ltd. - Product / Service
• Exhibit 127: D G Controls Ltd. - Key offerings

• 12.7 Econolite Control Products Inc. 
• Exhibit 128: Econolite Control Products Inc. - Overview
• Exhibit 129: Econolite Control Products Inc. - Product / Service
• Exhibit 130: Econolite Control Products Inc. - Key offerings

• 12.8 Envoys Electronic Pvt. Ltd. 
• Exhibit 131: Envoys Electronic Pvt. Ltd. - Overview
• Exhibit 132: Envoys Electronic Pvt. Ltd. - Product / Service
• Exhibit 133: Envoys Electronic Pvt. Ltd. - Key offerings

• 12.9 European Safety Systems Ltd. 
• Exhibit 134: European Safety Systems Ltd. - Overview
• Exhibit 135: European Safety Systems Ltd. - Product / Service
• Exhibit 136: European Safety Systems Ltd. - Key offerings

• 12.10 Federal Signal Corp. 
• Exhibit 137: Federal Signal Corp. - Overview
• Exhibit 138: Federal Signal Corp. - Business segments
• Exhibit 139: Federal Signal Corp. - Key offerings
• Exhibit 140: Federal Signal Corp. - Segment focus

• 12.11 General Electric Co. 
• Exhibit 141: General Electric Co. - Overview
• Exhibit 142: General Electric Co. - Business segments
• Exhibit 143: General Electric Co. - Key news
• Exhibit 144: General Electric Co. - Key offerings
• Exhibit 145: General Electric Co. - Segment focus

• 12.12 Horizon Signal Technologies Inc. 
• Exhibit 146: Horizon Signal Technologies Inc. - Overview
• Exhibit 147: Horizon Signal Technologies Inc. - Product / Service
• Exhibit 148: Horizon Signal Technologies Inc. - Key offerings

• 12.13 LITE ON Technology Corp. 
• Exhibit 149: LITE ON Technology Corp. - Overview
• Exhibit 150: LITE ON Technology Corp. - Business segments
• Exhibit 151: LITE ON Technology Corp. - Key offerings
• Exhibit 152: LITE ON Technology Corp. - Segment focus

• 12.14 Pfannenberg Group Holding GmbH 
• Exhibit 153: Pfannenberg Group Holding GmbH - Overview
• Exhibit 154: Pfannenberg Group Holding GmbH - Product / Service
• Exhibit 155: Pfannenberg Group Holding GmbH - Key offerings

• 12.15 SWARCO AG 
• Exhibit 156: SWARCO AG - Overview
• Exhibit 157: SWARCO AG - Product / Service
• Exhibit 158: SWARCO AG - Key news
• Exhibit 159: SWARCO AG - Key offerings

• 12.16 Trafitronics India Pvt. Ltd. 
• Exhibit 160: Trafitronics India Pvt. Ltd. - Overview
• Exhibit 161: Trafitronics India Pvt. Ltd. - Product / Service
• Exhibit 162: Trafitronics India Pvt. Ltd. - Key offerings

• 12.17 Ver Mac 
• Exhibit 163: Ver Mac - Overview
• Exhibit 164: Ver Mac - Product / Service
• Exhibit 165: Ver Mac - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations 
• Exhibit 172: List of abbreviations

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