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Global Automotive Traffic Sign Recognition System Market 2016-2020

About Automotive Traffic Sign Recognition Systems

As the name suggests, the automotive traffic sign recognition system enables automobiles to recognize the traffic signal and update the driver on information related to speed limits, among other parameters. The system uses the same cameras that form a part of the ADAS. In addition to this, it includes high-performance software that enhances the capabilities of ADAS for recognition of speed limit signs. The camera used is a front-mounted multifunction monocular camera. The system recognizes traffic signs using image data from the camera and broadcasts the recognized traffic signs on a display panel. Also, it can have an extended use of comparing the recognized speed limit with the vehicle's speed readings with the help of a controller area network (CAN) and then notify the driver.

Technavio’s analysts forecast the global automotive traffic sign recognition system market to grow at a CAGR of 29.83% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive traffic sign recognition system market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of automotive traffic sign recognition systems to the passenger car OEMs and after-market sales.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Traffic Sign Recognition System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Daimler
  • Continental
  • Mobileye
  • ZF TRW
Other prominent vendors
  • Bosch
  • Delphi
  • Denso
  • Itseez
  • Toshiba
Market driver
  • Need to curb road accidents
  • For a full, detailed list, view our report
Market challenge
  • Improved visibility and recognition of signs
  • For a full, detailed list, view our report
Market trend
  • Price fall in ADAS subsystems to help OEMs and consumers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Traffic Sign Recognition System Market 2016-2020

Technavio recognizes the following companies as the key players in the global automotive traffic sign recognition system market: Daimler, Continental, Mobileye, and ZF TRW.

Other Prominent Vendors in the market are: Bosch, Delphi, Denso, itseez, and Toshiba.

Commenting on the report, an analyst from Technavio’s team said: “An important trend spurring growth is the use of HDR cameras and Ethernet-based ADAS. A traffic sign can have several emitter segments that operate at various frequency levels. The cameras deployed for automotive applications capturing the composite image may have accuracy deficiency because of the several linear frames captured when the vehicle is in motion. The HDR technology that is now being used offers better image sensing capabilities.”

According to the report, autonomous cars becoming a reality will drive market growth. Companies such as Delphi, Continental, Bosch, Audi, Mercedes-Benz, and Google (among others) are working to expand the autonomous driving concept. Such campaigns and promotions have widened the market acceptance of semi-autonomous features in passenger vehicles. Self-driving cars may soon become a reality toward the end of the forecast period. Automotive majors such as Mercedes-Benz and BMW are in advanced levels of achieving such a reality. We expect the move toward self-driving or unmanned vehicles to boost the uptake of traffic sign recognition systems

Further, the report states that factors such as mounting cost pressures on OEMs will act as a challenge for market growth. Automotive OEMs face enormous cost pressures due to dynamic regulations that govern several components within a vehicle. Stringent emission norms, the need for heavy investments in R&D programs, market competition, and evolving customer demands add to this pressure.

Companies Mentioned

Daimler, Continental, Mobileye, ZF TRW, Bosch, Delphi, Denso, itseez, and Toshiba.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Automotive traffic sign recognition system: Overview
    • Value chain analysis
      • Table Value chain analysis
    • Product life cycle
      • Table Evolution of safety systems in auto industry
      • Table Product life cycle of some safety systems in passenger vehicles 2015
    • Regulatory framework
      • Table Regulatory framework
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global automotive traffic sign recognition system market 2015-2020 ($ billions)
      • Table Price decline of automotive traffic sign recognition system 2015-2020 (%)
      • Table Active safety packages
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Table Global automotive traffic sign recognition market segmentation by geography 2015
    • Automotive traffic sign recognition system market in EMEA
      • Table Global automotive traffic sign recognition system market in EMEA 2015-2020 ($ millions)
    • Automotive traffic sign recognition system market in Americas
      • Table Global automotive traffic sign recognition system market in Americas 2015-2020 ($ millions)
    • Automotive traffic sign recognition system market in APAC
      • Table Global automotive traffic sign recognition system market in APAC 2015-2020 ($ billions)\
    • Aftermarket opportunity
  • Market drivers
    • Table Percentage change in road accidents 2000-2020
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Cost to consumer of rear view cameras 2016 and 2020 ($)
  • Vendor landscape
    • Other prominent vendors
  • Key vendor analysis
    • Daimler
      • Table Daimler: Traffic recognition systems
      • Table Daimler: Business segmentation by revenue 2015
      • Table Daimler: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Daimler: Geographical segmentation by revenue 2015
    • Continental
      • Table Continental: Automotive traffic sign recognition systems
      • Table Continental: Business segmentation by revenue 2015
      • Table Continental: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Continental: Geographical segmentation by revenue 2015
    • Mobileye
      • Table Mobileye: Traffic recognition systems
      • Table Mobileye: Business segmentation by revenue 2015
      • Table Mobileye: Business Segmentation by revenue 2013 and 2014 ($ billions)
      • Table Mobileye: Geographical segmentation by revenue 2014
    • ZF TRW
      • Table ZF TRW: Business offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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