LED traffic signs and signals market is anticipated to grow at a CAGR of 4.2% during the forecast period (2024-2031) owing to increasing government investments in the development of road infrastructure, adoption of artificial intelligence (AI) in traffic signs enables centralized management, and energy efficient compared to incandescent bulbs. Energy efficiency is one of the major factors driving the adoption of LED technology in the traffic signs and signals industry. LED lighting has several advantages over traditional lighting systems in terms of efficiency and energy use. LED lights are far more energy-efficient than traditional incandescent bulbs. Significant energy savings can be achieved by using LED traffic signs and signals in comparison to incandescent traffic lights. LED traffic signals need 80–90% less energy and have a longer lifespan of five to ten times. Additionally, LED traffic signs are bright in color and require low maintenance, which further boosts the market growth.
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The global LED traffic signs and signals market is segmented by the product, and application. Based on the product, the market is sub-segmented into electric powered and solar powered. Based on the application, the market is sub-segmented into railway, airport and urban traffic. Among the product, the electric powered sub-segment is anticipated to hold a considerable share of the market owing to the increasing demand for electric-powered LED traffic signs and signals is attributed to their superiority in urban areas with reliable grid access, and ensuring consistent power. In September 2021, Traffic Group Signals introduced the Metro Haul Route Crossing System, a wireless, temporary traffic signal range for hire in the UK. At 11 feet, 2 inches high, it complies with haul route permit conditions, addressing safety concerns on high-speed roads. The system, featuring a high visibility base unit and reflective signal pole, offers a secure crossing solution for construction haul routes, considering the diverse traffic on these challenging sites.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global LED Traffic Signs and Signals Market by Product
- Electric Powered
- Solar Powered
Global LED Traffic Signs and Signals Market by Application
- Railway
- Airport
- Urban Traffic
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Alphatronics
- Availed Technologies Inc.
- Carmanah Technologies Corp.
- Data Signs Pty Ltd
- Digi International Inc.
- Econolite Group, Inc.
- Electrotechnics Corporation
- Federal Signal Corporation
- Signal Technologies
- Simmonsigns Ltd.
- Sinowatcher Technology Co., Ltd
- So Bright Electronics Co., Ltd.
- Solar Lighting International
- Transportation Solutions and Lighting, Inc.
- Ver-Mac
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global LED traffic signs and signals market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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