Summary:
A radar speed sign is an interactive sign, generally constructed of a series of LEDs, that displays vehicle speed as motorists approach. The purpose of radar speed signs is to slow cars down by making drivers aware when they are driving at speeds above the posted limits. They are used as a traffic calming device in addition to or instead of physical devices such as speed bumps and rumble strips.
Industry Insights
Due to the COVID-19 pandemic, the global Digital Radar Speed Signs market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Digital Radar Speed Signs market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Digital Radar Speed Signs landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Solar Power Type accounting for % of the Digital Radar Speed Signs global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Highway segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major manufacturers of Digital Radar Speed Signs include Carmanah, Sunrise SESA Technologies, Elan City, Photonplay Systems Inc., Fortel Traffic, All Traffic Solutions, Kustom Signals, Traffic Logix and Monitor Systems, etc. In terms of revenue, the global 3 largest players have a % market share of Digital Radar Speed Signs in 2021.
This report focuses on Digital Radar Speed Signs volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Digital Radar Speed Signs market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China, Japan and South Korea, etc.
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Post-covid-19 Outlook
The readers in the section will understand how the Digital Radar Speed Signs market scenario changed across the globe during the pandemic and post-pandemic. The study is done keeping in view the changes in aspects such as sales, demand and supply chain. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Segmental Outlook
Key segments including type and application have been elaborated in this report. The consultants at QY Research have studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows sales and revenue data by type, and application during the historical period (2017-2022) and forecast period (2023-2028).
Segment by Type
Solar Power Type
Rechargeable Batteries Type
Segment by Application
Highway
City Road
Others
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2028. This information derived through comprehensive research will help the reader to get familiar with the potential value of the investment in a particular region.
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE
Competitive Scenario
In this section, the readers will gain an understanding of the key players competing. The experts at QY Research have studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
Carmanah
Sunrise SESA Technologies
Elan City
Photonplay Systems Inc.
Fortel Traffic
All Traffic Solutions
Kustom Signals
Traffic Logix
Monitor Systems
Icoms Detections
MPH Radar Technology
Pandora Technologies
Radarsign
RTC Manufacturing
RU2 Systems
Sierzega Elektronik
Stalker Radar
TraffiCalm
Unipart Dorman
Frequently Asked Questions
Which product segment grabbed the largest share in the Digital Radar Speed Signs market?
How is the competitive scenario of the Digital Radar Speed Signs market?
Which are the key factors aiding the Digital Radar Speed Signs market growth?
Which are the prominent players in the Digital Radar Speed Signs market?
Which region holds the maximum share in the Digital Radar Speed Signs market?
What will be the CAGR of the Digital Radar Speed Signs market during the forecast period?
Which application segment emerged as the leading segment in the Digital Radar Speed Signs market?
What key trends are likely to emerge in the Digital Radar Speed Signs market in the coming years?
What will be the Digital Radar Speed Signs market size by 2028?
Which company held the largest share in the Digital Radar Speed Signs market?
Summary:
Get latest Market Research Reports on Digital Radar Speed Signs. Industry analysis & Market Report on Digital Radar Speed Signs is a syndicated market report, published as Global Digital Radar Speed Signs Market Research Report 2022. It is complete Research Study and Industry Analysis of Digital Radar Speed Signs market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.