Variable Message Signs for Intelligent Transportation System Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Demand for Smart Traffic Management System
- Increasing Investments by Government of Nations for Enhancing Transport Infrastructure
Challenges
- Implementation of the Technology at a Nascent Stage
Variable Message Signs for Intelligent Transportation System Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.7% |
|
Base Year Market Size (2024) |
USD 195.28 million |
|
Forecast Year Market Size (2037) |
USD 453.73 million |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of variable message signs for intelligent transportation system is evaluated at USD 206.4 million.
Variable Message Signs for Intelligent Transportation System Market size was valued at USD 195.28 million in 2024 and is set to exceed USD 453.73 million by 2037, expanding at over 6.7% CAGR during the forecast period i.e., between 2025-2037.
North America industry is predicted to hold largest revenue share of 33% by 2037, North America industry is anticipated to account for largest revenue share of 33% by 2037
The major players in the market are 3M Company, Daktronics Dr., Triple Sign System AB, Valmont Industries, Inc., Onnyx Electronisys Pvt. Ltd., Efftronics Systems Pvt. Ltd., SWARCO Group, and others.
