Global Variable Message Signs For Intelligent Transportation System Market By Component, By Technology (Electro-Mechanical Signs, Reflective Flip-Disk Signs, and Light Emitting Signs), By Application, By Region, Competition, Forecast and Opportunities, 2017-2027

Global Variable Message Signs for Intelligent Transportation System Market is Expected to Register an Impressive Growth During the Forecast Period, 2023-2027, due to Rapidly Increasing Number of Vehicles and Thus Caused Road Accidents.

Global variable message signs for intelligent transportation system market is expected to register an impressive growth during the forecast period, 2023-2027, due to rapidly increasing number of vehicles and thus caused road accidents. Surge in the demand for variable message signs for intelligent transportation system is also due to rising concerns among the population toward maintaining the long-term safety of the vehicles on road. The system plays an important role in allowing the driver to maintain safe distance during the drives, thereby driving the growth of the global variable message signs for intelligent transportation system market in the upcoming five years.

Variable message signs are electronic and intelligent display panels for road traffic management that allow text and graphic variable messages to be combined, resulting in a more effective means of controlling traffic. The aim of using these systems is to provide the vehicle driver mandatory or advisory information regarding the road and the drive-way. The system has advantages that includes decreasing the driver’s stress during variable driving faults, along with managing the travel time and enhancing traffic safety.

Growing Concerns For Real-Time Traffic Management

Real-time traffic management is a highly concerning aspect of traffic management. The stress over real-time traffic management is increasing due to rapidly increasing road accidents and road kills that are often avoidable and may occur due to lack of concentration and due to human mistakes. To decrease such avoidable road accidents, applications of the variable message signs for intelligent transportation system is increasing and thus aiding the growth of the global variable message signs for intelligent transportation system market in the upcoming five years.

Increasing number of accidents have taken severe toll all around the world. Highly populated countries and increasing demand for personal vehicles add to the growing instances of the accidents. Every year, the lives of approximately 1.3 million people are cut short as a result of road traffic crashes all around the world. Although strict regulations toward following the traffic rules are implemented, driving through the difficult terrains and difficult roads often leads to increasing cases of accidents.

Market Segmentation

The global variable message sign for intelligent transportation system market segmentation is based on component, technology, application, regional distribution, and competitive landscape. Based on component, the market is differentiated between hardware and software. By technology, the market is fragmented into electro-mechanical signs, reflective flip-disk signs, and light emitting signs. Based on application, the market is bifurcated into active traffic management, highway advisory radios, road/weather information system, and others. The market analysis also studies the regional segmentation, divided into Asia-Pacific, North America, Europe & CIS, South American, and Middle East & Africa.

Company Profile

Skyline Products, Inc., Triple Sign System AB, 3M Company, Daktronics Dr., Valmont Industries, Inc., Yaham Optoelectronics Co., Ltd., McCain, Inc., Wanco Inc., Efftronics Systems Pvt. Ltd., Onnyx Electronisys Pvt. Ltd., are enlisted in a partial list of major market players of the global variable message signs for intelligent transportation system market.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2027

Objective of the Study:

• To analyze the historical growth in the market size of the Global Variable Sign for Intelligent Transportation System Market from 2017 to 2021.
• To estimate and forecast the market size of Global Variable Sign for Intelligent Transportation System Market from 2022 to 2027 and growth rate until 2027.
• To classify and forecast the Global Variable Sign for Intelligent Transportation System Market based on component, technology, application, region,and company.
• To identify the dominant region or segment in the Global Variable Sign for Intelligent Transportation System Market.
• To identify drivers and challenges for the Global Variable Sign for Intelligent Transportation System Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Variable Sign for Intelligent Transportation System Market.
• To identify and analyze the profiles of leading players operating in the Global Variable Sign for Intelligent Transportation System Market.
• To identify key sustainable strategies adopted by market players in the Global Variable Sign for Intelligent Transportation System Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers who could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the country.

The publisher calculated the market size of the Global Variable Sign for Intelligent Transportation System Market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global variable message sign for intelligent transportation system market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Variable Message Signs For Intelligent Transportation System Market, By Component:

• Hardware
• Software

Variable Message Signs For Intelligent Transportation System Market, By Technology:

• Electro-Mechanical Signs
• Reflective Flip-Disk Signs
• Light Emitting Signs

Variable Message Signs For Intelligent Transportation System Market, By Application:

• Active Traffic Management
• Highway Advisory Radios
• Road/Weather Information System
• Others

Variable Message Signs For Intelligent Transportation System Market, By Region:

• North America
• United States
• Mexico
• Canada
• Asia-Pacific
• China
• India
• Japan
• Malaysia
• Thailand
• Indonesia
• Vietnam
• South Korea
• Europe & CIS
• France
• Germany
• United Kingdom
• Spain
• Italy
• Russia
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Egypt
• Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global variable message signs for intelligent transportation system market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.


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