Global Light-Emitting Diode (LED) Traffic Signs and Signals Market 2023-2027

Global Light-Emitting Diode (LED) Traffic Signs And Signals Market 2023-2027

Technavio has been monitoring the light-emitting diode (LED) traffic signs and signals market and it is poised to grow by $521.78 mn during 2023-2027, accelerating at a CAGR of 9.1% during the forecast period. Our report on the light-emitting diode (LED) traffic signs and signals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by Increased investments toward road infrastructure development, Increasing road traffic accidents, and Growing adoption of LED traffic lights.

Technavio's light-emitting diode (LED) traffic signs and signals market is segmented as below:

By Product

  • LED traffic signals
  • LED traffic signs
By End-user
  • Urban traffic
  • Railway
  • Airport
  • Others
By Geographical Landscape
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the technological improvement in traffic management as one of the prime reasons driving the light-emitting diode (LED) traffic signs and signals market growth during the next few years. Also, the provision of portable traffic lights and the introduction of smart traffic lights will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the light-emitting diode (LED) traffic signs and signals market covers the following areas:
  • Light-emitting diode (LED) traffic signs and signals market sizing
  • Light-emitting diode (LED) traffic signs and signals market forecast
  • Light-emitting diode (LED) traffic signs and signals market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading light-emitting diode (LED) traffic signs and signals market vendors that include Aldridge Electrical Industries Pty Ltd., Alphatronics NV, ARCUS USA Inc., D G Controls Ltd., Econolite Control Products Inc., Envoys Electronic 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. Also, the light-emitting diode (LED) traffic signs and signals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Product
      • Table Executive Summary - Chart on Market Segmentation by End-user
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global light-emitting diode (LED) traffic signs and signals market 2017 - 2021
      • Table Historic Market Size - Data table on global light-emitting diode (LED) traffic signs and
    • By Product Segment Analysis 2017 - 2021
      • Table Historic Market Size - By Product Segment 2017 - 2021 ($ million)
    • By End User Segment Analysis 2017 - 2021
      • Table Historic Market Size - By End User Segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size - Geography Segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size - Country Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Product
    • Market segments
      • Table Chart on Product - Market share 2022-2027 (%)
      • Table Data Table on Product - Market share 2022-2027 (%)
    • Comparison by Product
      • Table Chart on Comparison by Product
      • Table Data Table on Comparison by Product
    • LED traffic signals - Market size and forecast 2022-2027
      • Table Chart on LED traffic signals - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on LED traffic signals - Market size and forecast 2022-2027 ($ million)
      • Table Chart on LED traffic signals - Year-over-year growth 2022-2027 (%)
      • Table Data Table on LED traffic signals - Year-over-year growth 2022-2027 (%)
    • LED traffic signs - Market size and forecast 2022-2027
      • Table Chart on LED traffic signs - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on LED traffic signs - Market size and forecast 2022-2027 ($ million)
      • Table Chart on LED traffic signs - Year-over-year growth 2022-2027 (%)
      • Table Data Table on LED traffic signs - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product ($ million)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2022-2027 (%)
      • Table Data Table on End-user - Market share 2022-2027 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Urban traffic - Market size and forecast 2022-2027
      • Table Chart on Urban traffic - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Urban traffic - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Urban traffic - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Urban traffic - Year-over-year growth 2022-2027 (%)
    • Railway - Market size and forecast 2022-2027
      • Table Chart on Railway - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Railway - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Railway - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Railway - Year-over-year growth 2022-2027 (%)
    • Airport - Market size and forecast 2022-2027
      • Table Chart on Airport - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Airport - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Airport - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Airport - Year-over-year growth 2022-2027 (%)
    • Others - Market size and forecast 2022-2027
      • Table Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Others - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Others - Year-over-year growth 2022-2027 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • UK - Market size and forecast 2022-2027
      • Table Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Table Chart on UK - Year-over-year growth 2022-2027 (%)
      • Table Data Table on UK - Year-over-year growth 2022-2027 (%)
    • Canada - Market size and forecast 2022-2027
      • Table Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increased investments toward road infrastructure development
      • Increasing road traffic accidents
      • Growing adoption of LED traffic lights
    • Market challenges
      • Improper installation and malfunctioning of traffic signs and signals
      • Negative impact of weather on traffic lights
      • Risk of errors and security breach
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Technological improvement in traffic management
      • Provision of portable traffic lights
      • Introduction of smart traffic lights
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Aldridge Electrical Industries Pty Ltd.
      • Table Aldridge Electrical Industries Pty Ltd. - Overview
      • Table Aldridge Electrical Industries Pty Ltd. - Product / Service
      • Table Aldridge Electrical Industries Pty Ltd. - Key offerings
    • Alphatronics NV
      • Table Alphatronics NV - Overview
      • Table Alphatronics NV - Product / Service
      • Table Alphatronics NV - Key offerings
    • ARCUS USA Inc.
      • Table ARCUS USA Inc. - Overview
      • Table ARCUS USA Inc. - Product / Service
      • Table ARCUS USA Inc. - Key offerings
    • D G Controls Ltd.
      • Table D G Controls Ltd. - Overview
      • Table D G Controls Ltd. - Product / Service
      • Table D G Controls Ltd. - Key offerings
    • Econolite Control Products Inc.
      • Table Econolite Control Products Inc. - Overview
      • Table Econolite Control Products Inc. - Product / Service
      • Table Econolite Control Products Inc. - Key offerings
    • Envoys Electronic Pvt. Ltd.
      • Table Envoys Electronic Pvt. Ltd. - Overview
      • Table Envoys Electronic Pvt. Ltd. - Product / Service
      • Table Envoys Electronic Pvt. Ltd. - Key offerings
    • European Safety Systems Ltd.
      • Table European Safety Systems Ltd. - Overview
      • Table European Safety Systems Ltd. - Product / Service
      • Table European Safety Systems Ltd. - Key offerings
    • Federal Signal Corp.
      • Table Federal Signal Corp. - Overview
      • Table Federal Signal Corp. - Business segments
      • Table Federal Signal Corp. - Key offerings
      • Table Federal Signal Corp. - Segment focus
    • General Electric Co.
      • Table General Electric Co. - Overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Key news
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Segment focus
    • Horizon Signal Technologies Inc.
      • Table Horizon Signal Technologies Inc. - Overview
      • Table Horizon Signal Technologies Inc. - Product / Service
      • Table Horizon Signal Technologies Inc. - Key offerings
    • LITE ON Technology Corp.
      • Table LITE ON Technology Corp. - Overview
      • Table LITE ON Technology Corp. - Business segments
      • Table LITE ON Technology Corp. - Key offerings
      • Table LITE ON Technology Corp. - Segment focus
    • Pfannenberg Group Holding GmbH
      • Table Pfannenberg Group Holding GmbH - Overview
      • Table Pfannenberg Group Holding GmbH - Product / Service
      • Table Pfannenberg Group Holding GmbH - Key offerings
    • SWARCO AG
      • Table SWARCO AG - Overview
      • Table SWARCO AG - Product / Service
      • Table SWARCO AG - Key news
      • Table SWARCO AG - Key offerings
    • Trafitronics India Pvt. Ltd.
      • Table Trafitronics India Pvt. Ltd. - Overview
      • Table Trafitronics India Pvt. Ltd. - Product / Service
      • Table Trafitronics India Pvt. Ltd. - Key offerings
    • Ver Mac
      • Table Ver Mac - Overview
      • Table Ver Mac - Product / Service
      • Table Ver Mac - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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