Intelligent transport systems (ITS), an umbrella term to describe systems that ease the processes of traffic and driving through automation, have evolved to include traffic recognition systems (TSR), which enable automatic traffic signs detection and recognition.
This report contains market size and forecasts of Traffic Signal Recognition in Global, including the following market information:
Global Traffic Signal Recognition Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Traffic Signal Recognition market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Colour-Based Detection Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Traffic Signal Recognition include Robert Bosch, Daimler, Denso Corporation, Ford, Toshiba, ZF TRW, Continental AG, Hella Aglaia Mobile Vision GmbH and Mobileye Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Traffic Signal Recognition companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Traffic Signal Recognition Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Traffic Signal Recognition Market Segment Percentages, by Type, 2021 (%)
Colour-Based Detection
Shape-Based Detection
Feature-Based Detection
Other
Global Traffic Signal Recognition Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Traffic Signal Recognition Market Segment Percentages, by Application, 2021 (%)
Bridges
Road
Tunnel
Mountain Pass
Highways
Other
Global Traffic Signal Recognition Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Traffic Signal Recognition Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Traffic Signal Recognition revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Traffic Signal Recognition revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Robert Bosch
Daimler
Denso Corporation
Ford
Toshiba
ZF TRW
Continental AG
Hella Aglaia Mobile Vision GmbH
Mobileye Corporation
Delphi
Gentex