Digital Radar Speed Signs Market Size 2023 | New Business Opportunities with Covid-19 Effect, Growth Drivers, Latest Trends, Future Demand, Analysis by Top Leading Player till Forecast 2031

vijay25 May 31, 2023May 31, 2023

Digital Radar Speed Signs Market

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.Due to the COVID-19 pandemic, the global Digital Radar Speed Signs market size is estimated to be worth USD million in 2021 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during the forecast period 2022-2028. 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.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.Global Digital Radar Speed Signs Market: Segment AnalysisThe research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Digital Radar Speed Signs Market

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