Market Overview:
The global automotive traffic sign recognition market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced safety features in vehicles and rising awareness about road safety among consumers. The global automotive traffic sign recognition market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into above 2 sqm, between 1-2 sqm, and below 1 sqm segments. The above 2 sqm segment is expected to hold a major share of the global automotive traffic sign recognition market during the forecast period owing to increasing demand for advanced safety features in luxury vehicles. On the basis of application, commercial vehicles and passenger vehicles are two key segments considered in this study.
Product Definition:
The definition of Automotive Traffic Sign Recognition is a technology that allows vehicles to interpret and recognize traffic signs. The importance of Automotive Traffic Sign Recognition is that it helps drivers obey the rules of the road, which can help keep them safe.
Above 2 Sqm:
The Above 2 Sqm (ABS) is a global standard for the measurement of size and density of objects. The ABS units were derived to measure the size and volume of vehicles in automotive traffic sign recognition market. It is an important variable used by most manufacturers while designing an automotive camera-based traffic sign recognition system or any other image processing/processing systems that involve large volumes of data.
Between 1-2 Sqm:
The size of a square meter is not important, but the area that it covers must be large enough to contain all the components. The volume of between 1-2 sqm depends on various factors such as surface material, construction method and application. For instance; if an object is placed on a table top with its edge length being 2 meters and width 1 meter then there would be 0.03 m3 of space in total (volume wise).
Application Insights:
The commercial vehicles segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing number of commercial vehicles on account of heavy traffic, long-distance travels and business meetings. Commercial vehicle drivers are expected to prefer real-time road conditions and provide better directions by using ADAS systems in their cars. This will lead to increased adoption of traffic sign recognition solutions in commercial vehicles across the globe.
Passenger vehicle drivers generally pay more attention while driving as compared to professional drivers or truckers driving huge trucks on daily basis through narrow roads with blind turns at high speeds under harsh weather conditions which increases safety risks significantly.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period owing to increasing investments and technological advancements. Europe accounted for a significant share of traffic sign recognition systems on account of stringent regulations regarding road safety coupled with rising demand for advanced driver assistance systems (ADAS) and autonomous vehicles. Asia Pacific is anticipated to witness considerable growth over the forecast period owing to increasing emphasis on road safety by governments across various countries, which, in turn, drives demand for these solutions across this region. Moreover, growing adoption of ADAS technologies such as adaptive cruise control and blind-spot detection will propel regional growth further.
Growth Factors:
- Increasing demand for safety and security in automotive sector
- Rising awareness about the benefits of traffic sign recognition systems
- Technological advancements in image processing and machine learning algorithms
- Growing number of autonomous vehicles on the road
- Government initiatives to promote the use of such systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Traffic Sign Recognition Market Research Report
By Type
Above 2 Sqm, Between 1-2 Sqm, Below 1 Sqm
By Application
Commercial Vehicles, Passenger Vehicles
By Companies
Bosch, Daimler, Continental, Delphi Automotive, Mobileye, Itzel, DENSO, Elektrobit, Toshiba, Autoliv, Magna International, ZF Friedrichshafen, Ford Motor Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Traffic Sign Recognition Market Report Segments:
The global Automotive Traffic Sign Recognition market is segmented on the basis of:
Types
Above 2 Sqm, Between 1-2 Sqm, Below 1 Sqm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicles, Passenger Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Daimler
- Continental
- Delphi Automotive
- Mobileye
- Itzel
- DENSO
- Elektrobit
- Toshiba
- Autoliv
- Magna International
- ZF Friedrichshafen
- Ford Motor Company
Highlights of The Automotive Traffic Sign Recognition Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Above 2 Sqm
- Between 1-2 Sqm
- Below 1 Sqm
- By Application:
- Commercial Vehicles
- Passenger Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Traffic Sign Recognition Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive traffic sign recognition is the ability of a computer system to identify and interpret signs in real-time while driving.
Some of the key players operating in the automotive traffic sign recognition market are Bosch, Daimler, Continental, Delphi Automotive, Mobileye, Itzel, DENSO, Elektrobit, Toshiba, Autoliv, Magna International, ZF Friedrichshafen, Ford Motor Company.
The automotive traffic sign recognition market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Traffic Sign Recognition Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Traffic Sign Recognition Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Traffic Sign Recognition Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Traffic Sign Recognition Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Traffic Sign Recognition Market Size & Forecast, 2020-2028 4.5.1 Automotive Traffic Sign Recognition Market Size and Y-o-Y Growth 4.5.2 Automotive Traffic Sign Recognition Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Above 2 Sqm
5.2.2 Between 1-2 Sqm
5.2.3 Below 1 Sqm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Vehicles
6.2.2 Passenger Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Traffic Sign Recognition Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Traffic Sign Recognition Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Above 2 Sqm
9.6.2 Between 1-2 Sqm
9.6.3 Below 1 Sqm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Vehicles
9.10.2 Passenger Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Above 2 Sqm
10.6.2 Between 1-2 Sqm
10.6.3 Below 1 Sqm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Vehicles
10.10.2 Passenger Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Above 2 Sqm
11.6.2 Between 1-2 Sqm
11.6.3 Below 1 Sqm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Vehicles
11.10.2 Passenger Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Above 2 Sqm
12.6.2 Between 1-2 Sqm
12.6.3 Below 1 Sqm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Vehicles
12.10.2 Passenger Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Above 2 Sqm
13.6.2 Between 1-2 Sqm
13.6.3 Below 1 Sqm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Vehicles
13.10.2 Passenger Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Traffic Sign Recognition Market: Competitive Dashboard
14.2 Global Automotive Traffic Sign Recognition Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Daimler
14.3.3 Continental
14.3.4 Delphi Automotive
14.3.5 Mobileye
14.3.6 Itzel
14.3.7 DENSO
14.3.8 Elektrobit
14.3.9 Toshiba
14.3.10 Autoliv
14.3.11 Magna International
14.3.12 ZF Friedrichshafen
14.3.13 Ford Motor Company