Variable Message Signs for Intelligent Transportation System Market is expected to reach US$ 20.5 million by 2023, expanding at a high CAGR during the forecast period. The market is witnessing growth due to the demand from the US and Western European countries. The Western Europe’s market has the strongest hold due to the presence of various large and small-scale variable messaging signs manufacturing-based industries and a well-developed IT infrastructure.
The intelligent information system is a technology that is used to manage transportation networks by providing information and communicating through technology used in vehicles and transport infrastructure. It makes use of communication systems such as Wi-Fi, radio, fiber optics, Bluetooth, and microwave systems, in order to support state highway operations. The variable message signs are electronic signs that provide information about traffic congestion, travel times, speed limits, incidents, and road work to the travellers.
In addition to these, it also provides information about travel problems related to the weather, public service announcements, alerts, disasters, and emergency information and recommend alternative routes. For instance, there are many parks that make use of website alerts and social media platforms to communicate information related to traffic delays, alternative transportation, and parking information. The system makes use of weather sensors, traffic detectors, and computer databases to helps travelers improve traffic safety and efficiency.
This Variable Message Signs for Intelligent Transportation System market report covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage has been provided for Variable Message Signs for Intelligent Transportation System market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the Variable Message Signs for Intelligent Transportation System market and the recent strategies & products that will assist or affect the market in the near future.
The region is divided into North America, Europe, Asia Pacific, Middle East Africa and Latin America. The Western European region is having a strong hold on the variable message sign market, owing to the presence of various large and small scale message sign manufacturing companies and a developed IT infrastructure. Moreover, the North America region also has strong connectivity and thus, can provide accurate information that will accelerate the Variable Message Signs for Intelligent Transportation System Market. In addition to this, in APAC region, countries such as China, Japan, India, and others are investing in digitization, cloud-based services, and safe transportation that will increase the demand for variable message signs for intelligent transportation system market. The highway and expressway projects are increasing due to the support of governments in developing countries for increasing transport in urban areas.
By Component
By Applications
APAC is the fastest growing region in Variable Message Signs for Intelligent Transportation System Market
Asia Pacific is expected to be the fastest growing region in the Intelligent Transportation Systems market due to an increase in the deployment of ITS in countries such as India, China, and Australia. For instance, the Chinese government is focusing on the deployment of innovative transportations, with an emphasis on intelligent vehicles and intelligent transportation throughout the forecast period. The Middle East and Africa market is gaining attraction from various investors in the regions and thus can expect a healthy growth over the forecast period.
Geographies covered in Variable Message Signs for Intelligent Transportation System Market
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
The key players in the variable message sign for intelligent transportation system market are Skyline Products Inc., Variable Message Signs Ltd., SWARCO AG, Shanghai Sansi Technology Co. Ltd., Kapsch TrafficCom AG, VIX Technology, Sigtec Pty Ltd., Denso, and others. Shanghai Sansi Technology, a Chinese company provides a wide range of LED displays, commercial displays and also variable message signs for highways and urban roads. SANSI variable message has acquired the majority market share in the China market, owing to the variety of product offerings for intelligent transport. This includes emergencies, construction, and road closure information displayed on LED screens that can withstand extreme weather conditions such as heat waves, rain, storms, and others.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global Variable Message Signs for Intelligent Transportation System Market, 2016-2023, (US$ Mn)
2.1 Market Snapshot: Global Variable Message Signs for Intelligent Transportation System Market
2.2 Market Dynamics
2.3 Global Variable Message Signs for Intelligent Transportation System Market, by Segment, 2018
2.3.1 Global Variable Message Signs for Intelligent Transportation System Market, by Component, 2018, (US$ Mn)
2.3.2 Global Variable Message Signs for Intelligent Transportation System Market, by Application, 2018,(US$ Mn)
2.3.3 Global Variable Message Signs for Intelligent Transportation System Market, by Region, 2018 (US$ Mn)
2.4 Premium Insights
2.4.1 Variable Message Signs for Intelligent Transportation System Market In Developed Vs. Developing Economies, 2018 vs 2023
2.4.2 Global Variable Message Signs for Intelligent Transportation System Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Increasing adoption of wireless solution
3.2.2 Rise in demand for real-time communication systems
3.2.3 Driver 3
3.3 Market Restraints
3.3.1 Complexity in the development of variable message signs technologies
3.3.2 Restraint 2
3.4 Market Opportunities
3.4.1 Growth of digital technologies
3.4.2 Opportunity 2
3.5 Industry Value Chain Analysis
3.5.1 Analyst’s Views
3.6 Industry SWOT Analysis
Chapter 4 Global Variable Message Signs for Intelligent Transportation System Market, by Component
4.1 Market Overview, by Component
4.1.1 Global Variable Message Signs for Intelligent Transportation System Market, by Component, 2016-2023 (US$ Mn)
4.1.2 Incremental Opportunity, by Component, From 2018-2023
4.2 Hardware
4.2.1 Global Variable Message Signs for Intelligent Transportation System Market, by Hardware , 2016-2023, (US$ Mn)
4.3 Software
4.3.1 Global Variable Message Signs for Intelligent Transportation System Market, by Software, 2016-2023, (US$ Mn)
Chapter 5 Global Variable Message Signs for Intelligent Transportation System Market, by Application
5.1 Market Overview, by Application
5.1.1 Global Variable Message Signs for Intelligent Transportation System Market, by Application , 2016-2023 (US$ Mn)
5.1.2 Incremental Opportunity, by Application , From 2018-2023
5.2 Active Urban Traffic Management
5.2.1 Global Variable Message Signs for Intelligent Transportation System Market, by Active Urban Traffic Management , 2016-2023, (US$ Mn)
5.3 Freeways, Tunnels, Toll Facilities, Emergency (Hard Shoulder) Management
5.3.1 Global Variable Message Signs for Intelligent Transportation System Market, by Freeways, Tunnels, Toll Facilities, Emergency (Hard Shoulder) Management , 2016-2023, (US$ Mn)
5.4 Freeways, Tunnels, Toll Facilities, Emergency (Hard Shoulder) Management
5.4.1 Global Variable Message Signs for Intelligent Transportation System Market, by Freeways, Tunnels, Toll Facilities, Emergency (Hard Shoulder) Management , 2016-2023, (US$ Mn)
5.5 Airport, Rail and Bus Passenger’s Guidance and Lane Management
5.5.1 Global Variable Message Signs for Intelligent Transportation System Market, by Airport, Rail and Bus Passenger’s Guidance and Lane Management, 2016-2023, (US$ Mn)
5.6 Parking Guidance and Management
5.6.1 Global Variable Message Signs for Intelligent Transportation System Market, by Parking Guidance and Management, 2016-2023, (US$ Mn)
Chapter 6 Global Variable Message Signs for Intelligent Transportation System Market, by Region
6.1 Market Overview, by Region
6.1.1 Global Variable Message Signs for Intelligent Transportation System Market, by Region, 2016-2023, (US$ Mn)
6.2 Attractive Investment Opportunity, by Region, 2018
6.3 North America Variable Message Signs for Intelligent Transportation System Market
6.3.1 North America Variable Message Signs for Intelligent Transportation System Market, by Component, 2016-2023 (US$ Mn)
6.3.2 North America Variable Message Signs for Intelligent Transportation System Market, by Application , 2016-2023 (US$ Mn)
6.3.3 North America Variable Message Signs for Intelligent Transportation System Market, by Technology, 2016-2023 (US$ Mn)
6.3.1 North America Variable Message Signs for Intelligent Transportation System Market, by End-use Industry, 2016-2023 (US$ Mn)
6.3.2 United States Country Profile
6.3.2.1 United States Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.3.3 Canada Country Profile
6.3.3.1 Canada Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.3.4 Mexico Country Profile
6.3.4.1 Mexico Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.4 Europe Variable Message Signs for Intelligent Transportation System Market
6.4.1 Europe Variable Message Signs for Intelligent Transportation System Market, by Component, 2016-2023 (US$ Mn)
6.4.2 Europe Variable Message Signs for Intelligent Transportation System Market, by Application , 2016-2023 (US$ Mn)
6.4.3 Europe Variable Message Signs for Intelligent Transportation System Market, by Technology, 2016-2023 (US$ Mn)
6.4.4 Europe Variable Message Signs for Intelligent Transportation System Market, by End-use Industry, 2016-2023 (US$ Mn)
6.4.5 United Kingdom Country Profile
6.4.5.1 United Kingdom Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.4.6 Germany Country Profile
6.4.6.1 Germany Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.4.7 France Country Profile
6.4.7.1 France Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.4.8 Italy Country Profile
6.4.8.1 Italy Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.4.9 Spain Country Profile
6.4.9.1 Spain Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.4.10 Rest of Europe
6.4.10.1 Rest of Europe Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.5 Asia Pacific Variable Message Signs for Intelligent Transportation System Market
6.5.1 Asia Pacific Variable Message Signs for Intelligent Transportation System Market, by Component, 2016-2023 (US$ Mn)
6.5.2 Asia Pacific Variable Message Signs for Intelligent Transportation System Market, by Application, 2016-2023 (US$ Mn)
6.5.3 Asia Pacific Variable Message Signs for Intelligent Transportation System Market, by Technology, 2016-2023 (US$ Mn)
6.5.4 Asia Pacific Variable Message Signs for Intelligent Transportation System Market, by End-use Industry, 2016-2023 (US$ Mn)
6.5.5 China Country Profile
6.5.5.1 China Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.5.6 Japan Country Profile
6.5.6.1 Japan Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.5.7 India Country Profile
6.5.7.1 India Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.5.8 South Korea Country Profile
6.5.8.1 South Korea Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.5.9 Southeast Asia Country Profile
6.5.9.1 Southeast Asia Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.5.10 Rest of Asia Pacific
6.5.10.1 Rest of Asia Pacific Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.6 Latin America Variable Message Signs for Intelligent Transportation System Market
6.6.1 Latin America Variable Message Signs for Intelligent Transportation System Market, by Component, 2016-2023 (US$ Mn)
6.6.2 Latin America Variable Message Signs for Intelligent Transportation System Market, by Application, 2016-2023 (US$ Mn)
6.6.3 Latin America Variable Message Signs for Intelligent Transportation System Market, by Technology, 2016-2023 (US$ Mn)
6.6.4 Latin America Variable Message Signs for Intelligent Transportation System Market, by End-use Industry, 2016-2023 (US$ Mn)
6.6.5 Brazil Country Profile
6.6.5.1 Brazil Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.6.6 Argentina Country Profile
6.6.6.1 Argentina Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.6.7 Rest of Latin America
6.6.7.1 Rest of Latin America Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.7 Middle East & Africa Variable Message Signs for Intelligent Transportation System Market
6.7.1 Middle East & Africa Variable Message Signs for Intelligent Transportation System Market, by Component, 2016-2023 (US$ Mn)
6.7.2 Middle East & Africa Variable Message Signs for Intelligent Transportation System Market, by Application , 2016-2023 (US$ Mn)
6.7.3 Middle East & Africa Variable Message Signs for Intelligent Transportation System Market, by Technology, 2016-2023 (US$ Mn)
6.7.4 Middle East & Africa Variable Message Signs for Intelligent Transportation System Market, by End-use Industry, 2016-2023 (US$ Mn)
6.7.5 Southern Africa
6.7.5.1 Southern Africa Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.7.6 Northern Africa
6.7.6.1 Northern Africa Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.7.7 GCC
6.7.7.1 GCC Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
6.7.8 Rest of Middle East & Africa
6.7.8.1 Rest of Middle East & Africa Variable Message Signs for Intelligent Transportation System Market, 2016-2023 (US$ Mn)
Chapter 7 Competitive Intelligence
7.1 Market Players Present in Market Life Cycle
7.2 Top 5 Players Comparison
7.3 Market Positioning of Key Players, 2018
7.4 Market Players Mapping
7.4.1 By Component
7.4.2 By Application
7.4.3 By Region
7.5 Strategies Adopted by Key Market Players
7.6 Recent Developments in the Market
7.6.1 Mergers & Acquisitions, Partnership, New Product Developments
7.7 Operational Efficiency Comparison by Key Players
Chapter 8 Company Profiles
8.1 Daktronics
8.1.1 Daktronics Overview
8.1.2 Key Stakeholders/Person in Daktronics
8.1.3 Daktronics Co. Products Portfolio
8.1.4 Daktronics Financial Overview
8.1.5 Daktronics Co. News/Recent Developments
8.2 EBSCO Industries Inc.
8.2.1 EBSCO Industries Inc. Overview
8.2.2 Key Stakeholders/Person in EBSCO Industries Inc.
8.2.3 EBSCO Industries Inc. Products Portfolio
8.2.4 EBSCO Industries Inc. Financial Overview
8.2.5 EBSCO Industries Inc. News/Recent Developments
8.3 Skyline Products, Inc.
8.3.1 Skyline Products, Inc. Overview
8.3.2 Key Stakeholders/Person in Skyline Products, Inc.
8.3.3 Skyline Products, Inc. Products Portfolio
8.3.4 Skyline Products, Inc. Financial Overview
8.3.5 Skyline Products, Inc. News/Recent Developments
8.4 WANCO, INC
8.4.1 WANCO, INC Overview
8.4.2 Key Stakeholders/Person in WANCO, INC
8.4.3 WANCO, INC Products Portfolio
8.4.4 WANCO, INC Financial Overview
8.4.5 WANCO, INC News/Recent Developments
8.5 Aesys
8.5.1 Aesys Overview
8.5.2 Key Stakeholders/Person in Aesys
8.5.3 Aesys Products Portfolio
8.5.4 Aesys Financial Overview
8.5.5 Aesys News/Recent Developments
8.6 Efftronics Systems Pvt. Ltd.
8.6.1 Efftronics Systems Pvt. Ltd. Overview
8.6.2 Key Stakeholders/Person in Efftronics Systems Pvt. Ltd.
8.6.3 Efftronics Systems Pvt. Ltd. Products Portfolio
8.6.4 Efftronics Systems Pvt. Ltd. Financial Overview
8.6.5 Efftronics Systems Pvt. Ltd. News/Recent Developments
8.7 Photonplay Systems Inc.
8.7.1 Photonplay Systems Inc. Overview
8.7.2 Key Stakeholders/Person in Photonplay Systems Inc.
8.7.3 Photonplay Systems Inc. Products Portfolio
8.7.4 Photonplay Systems Inc. Financial Overview
8.7.5 Photonplay Systems Inc. News/Recent Developments
8.8 SES America
8.8.1 SES America Overview
8.8.2 Key Stakeholders/Person in SES America
8.8.3 SES America Products Portfolio
8.8.4 SES America Financial Overview
8.8.5 SES America News/Recent Developments
8.9 SWARCO AG
8.9.1 SWARCO AG Overview
8.9.2 Key Stakeholders/Person in SWARCO AG
8.9.3 SWARCO AG Products Portfolio
8.9.4 SWARCO AG Financial Overview
8.9.5 SWARCO AG News/Recent Developments
8.10 Variable Message Signs Limited
8.10.1 Variable Message Signs Limited Overview
8.10.2 Key Stakeholders/Person in Variable Message Signs Limited
8.10.3 Variable Message Signs Limited Products Portfolio
8.10.4 Variable Message Signs Limited Financial Overview
8.10.5 Variable Message Signs Limited News/Recent Developments
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