Road LED Traffic Signal Light controls vehicle traffic passing through the intersection of two or more roadways by giving a visual indication to drivers when to proceed, when to slow, and when to stop. In some cases, traffic signals also indicate to drivers when they may make a turn.
This report contains market size and forecasts of Road LED Traffic Signal Light in global, including the following market information:
Global Road LED Traffic Signal Light Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Road LED Traffic Signal Light Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Road LED Traffic Signal Light companies in 2021 (%)
The global Road LED Traffic Signal Light market was valued at 577.7 million in 2021 and is projected to reach US$ 737.9 million by 2028, at a CAGR of 3.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
High Power LED Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Road LED Traffic Signal Light include SWARCO, Dialight, Leotek, GE Current, Fama Traffic, Traffic Technologies, Anbang Electric, Sinowatcher Technology and Econolite Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Road LED Traffic Signal Light 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 Signal Light Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Road LED Traffic Signal Light Market Segment Percentages, by Type, 2021 (%)
High Power LED
Conventional LED
Global Road LED Traffic Signal Light Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Road LED Traffic Signal Light Market Segment Percentages, by Application, 2021 (%)
Urban Road
Rural Road
Others
Global Road LED Traffic Signal Light Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Road LED Traffic Signal Light Market Segment Percentages, By Region and Country, 2021 (%)
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 Signal Light revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Road LED Traffic Signal Light revenues share in global market, 2021 (%)
Key companies Road LED Traffic Signal Light sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Road LED Traffic Signal Light sales share in global market, 2021 (%)
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