Traffic Signal Recognition Market 2022 | Trade Analysis, Trends, Drivers, Challenges, Growth Forecast

The MarketWatch News Department was not involved in the creation of this content.

Dec 31, 2020 (AmericaNewsHour) — To reduce the human error, increased integration of driving automation has replaced human intervention in several functions. Companies like General Motors and Google are coming up fully autonomous cars in the near future. Installation of sensor enabled road signs detection systems is being done by many of the major manufacturers. The rate of casualties due to human error is so high that adopting the technology of Traffic Recognition Systems will drastically reduce the accident rates.

Download Sample of This Strategic Report:

Market Dynamics
Some of the drivers of this market are:
Strict regulations regarding the reduction of pollution
Usage of enhanced technology to reduce accidents and promote safety by Government
Advancements in research into cameras, sensor and other automobile technology
Rise in Disposable Income
Demand for cars with luxury features
But the Market will take some time to achieve high success due to various reasons like:
High costs of systems and components associated
Inadequate and Ongoing Research
Weather conditions – Fog and Misty Weather act as a restraining factor affecting the value of the system
Efficiency and Speed of the detection

The market is segmented based on end-user segments and types. The types of detection in the market can be segmented into:
Colour-Based Detection
Shape-Based Detection
Feature-Based Detection
The end users/ applications of this market based on which the market share and growth rate can be segmented are:
Mountain Pass

Geographic Analysis
As already stated, Europe has the largest market share and Asia-Pacific region is the highest growth share market. Countries like China, Japan and South Korea have the capacity to grow more in the coming years. India has also shown some interest in this market segment due to high casualty rate on the roads. But it would need some good recognition systems due to the bad conditioning of roads and diverse cities.

Key Players
Some of the key players in this segment include Daimler, Delphi, Bosch, ZF-TRW, Denso, Toshiba. Others include Continental Automotive, Gentex, Ford etc.

Report ContentsRegional AnalysisReport Highlights
Global Market segments

Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Request For Full Report:

Eastern Europe
Rest of Eastern Europe

Asia Pacific
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

About Us

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.

Contact Us

Kenneth Research
Phone:+1 313 462 0609

The post Traffic Signal Recognition Market 2022 | Trade Analysis, Trends, Drivers, Challenges, Growth Forecast appeared first on America News Hour.


Is there a problem with this press release? Contact the source provider Comtex at You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.