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Variable Message Signs for Intelligent Transportation System Market Trends

  • Report ID: 3424
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Variable Message Signs for Intelligent Transportation System Market Trends

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

2023

Forecast Year

2024-2036

CAGR

6.7%

Base Year Market Size (2023)

USD 183.02 million

Forecast Year Market Size (2036)

USD 425.24 million

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 

 

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Author Credits:  Saima Khursheed


  • Report ID: 3424
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of variable message signs for intelligent transportation system is estimated at USD 192.83 million.

Variable Message Signs for Intelligent Transportation System Market size was valued at USD 183.02 million in 2023 and is likely to cross USD 425.24 million by 2036, expanding at more than 6.7% CAGR during the forecast period i.e., between 2024-2036.

North America industry is anticipated to account for largest revenue share of 33% by 2036

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.
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