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new York, July 5, 2021 /PRNewswire/ –
Technavio has been monitoring the LED traffic sign and signal market and is expected to grow 164.98 million US dollars During the period 2021-2025, it will develop at a compound annual growth rate of more than 4% during the forecast period. The report provides the latest analysis on current market conditions, the latest trends and driving factors, and the overall market environment.
Although the COVID-19 pandemic continues to alter the growth of various industries, the direct impact of the epidemic is diverse. While demand in some industries will decline, many other industries will continue unscathed and show promising growth opportunities. Technavio’s in-depth research covers all your needs because our research report includes all foreseeable market scenarios, including analysis before and after COVID-19.
Frequently asked questions:
- According to product segmentation, which is the leading market segment?
LED traffic lights lead the market in 2020 and will continue Maintain its dominant position during the forecast period. - What are the key drivers of the market?
Increased investment in road infrastructure development has significantly boosted the market. - At what rate is the market expected to grow?
The market is expected to grow at a compound annual growth rate of nearly 4%. - What are the key challenges?
Improper installation and malfunction of traffic signs and signals may hinder market growth - How big is the Asia-Pacific market?
31% of the growth will come from the Asia-Pacific region.
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Biometric POS Terminal Market by Technology and Geography-Forecast and Analysis 2021-2025
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