Road LED Traffic Signals Market, Global Outlook and Forecast 2023-2029

LED traffic signals use high-brightness LEDs connected together to build a cluster consisting of hundreds of LEDs.
This report aims to provide a comprehensive presentation of the global market for Road LED Traffic Signals, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Road LED Traffic Signals. This report contains market size and forecasts of Road LED Traffic Signals in global, including the following market information:
Global Road LED Traffic Signals Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Road LED Traffic Signals Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Road LED Traffic Signals companies in 2022 (%)
The global Road LED Traffic Signals market was valued at US$ 577.7 million in 2022 and is projected to reach US$ 741.8 million by 2029, at a CAGR of 3.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The APAC held the largest share in the global market,and its revenue of global market exceeds 40% in 2018.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Road LED Traffic Signals manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Road LED Traffic Signals Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Road LED Traffic Signals Market Segment Percentages, by Type, 2022 (%)
    High Power LED
    Conventional LED
Global Road LED Traffic Signals Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Road LED Traffic Signals Market Segment Percentages, by Application, 2022 (%)
    Urban Road
    Rural Road
    Other
Global Road LED Traffic Signals Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Road LED Traffic Signals Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Road LED Traffic Signals revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Road LED Traffic Signals revenues share in global market, 2022 (%)
Key companies Road LED Traffic Signals sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Road LED Traffic Signals sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    SWARCO
    Dialight
    Leotek
    GE Current
    Fama Traffic
    Traffic Technologies
    Anbang Electric
    Sinowatcher Technology
    Econolite Group
    WERMA
    Jingan
    Trafitronics India
Outline of Major Chapters:
Chapter 1: Introduces the definition of Road LED Traffic Signals, market overview.
Chapter 2: Global Road LED Traffic Signals market size in revenue and volume.
Chapter 3: Detailed analysis of Road LED Traffic Signals manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Road LED Traffic Signals in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Road LED Traffic Signals capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.