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Global Automotive Traffic Sign Recognition Market 2017-2021

Global Automotive Traffic Sign Recognition Market 2017-2021

About Automotive Traffic Sign Recognition

Traffic sign recognition allows vehicles to recognize traffic signs and signals and updates the driver about information such as speed limits. It uses the same camera as the advanced driver assistance system (ADAS) and has a high-performance software that recognizes traffic signs. The system senses the traffic signs through the image data captured by the camera and displays them on the dashboard or display panel. It can also compare the speed indicated on the recognized traffic sign with that of the vehicle through a controller area network (CAN) and alert the driver.

Technavio’s analysts forecast the global automotive traffic sign recognition market to grow at a CAGR of 32.03% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive traffic sign recognition market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Traffic Sign Recognition Market 2017-2021, 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
  • Bosch
  • Continental
  • Daimler
  • Delphi Automotive
  • Mobileye
  • ZF Friedrichshafen
Other prominent vendors
  • Autoliv
  • DENSO
  • Elektrobit
  • Ford Motor Company
  • Itzel
  • Magna International
  • Toshiba
Market driver
  • Adoption of autonomous vehicle
  • For a full, detailed list, view our report
Market challenge
  • Reading the signboards in harsh weather and obstruction before traffic signs
  • For a full, detailed list, view our report
Market trend
  • Use of HDR cameras and Ethernet-based ADAS
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Traffic Sign Recognition Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive traffic sign recognition market: Bosch, Continental, Daimler, Delphi Automotive, Mobileye, and ZF Friedrichshafen.

Other Prominent Vendors in the market are: Autoliv, DENSO, Elektrobit, Ford Motor Company, Itzel, Magna International, and Toshiba.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of HDR cameras and Ethernet-based ADAS. A traffic sign has various emitter segments that operate at various frequency levels. Sometimes capturing the composite images by cameras that are installed in automotive vehicles may be difficult. This may arise due to capturing successive frames when the vehicle is in motion.”

According to the report, one driver in the market is adoption of autonomous vehicle. Companies such as Continental, Bosch, Audi, Google, Delphi, and Mercedes-Benz are working toward enhancing the autonomous driving concept. Self-driving cars can be a reality toward the end of the forecast period. Technavio believes that the move toward self-driving or autonomous vehicles will fuel the automotive traffic sign recognition market. The adoption of autonomous vehicles can save users' travel time, which can be put into other activities. The global average commute time one way has increased from 40 minutes in 2005 to 50 minutes in 2015.

Further, the report states that one challenge in the market is reading the signboards in harsh weather and obstruction before traffic signs. The visibility of traffic signs may be affected during harsh weather, such as fog and snow. This can also bring down the efficiency of traffic sign recognition. The lighting conditions may also vary in different regions and throughout the day as per the time of the year and weather conditions. This poses a challenge to traffic sign recognition and hinders precise detection. Also, factors such as faded signs, motion blur, lousy lighting geometry, and the presence of obstacles in front of traffic signs can fail the purpose of traffic sign recognition. Sometimes, trees or buildings near traffic signs may hide them fully or partially and act as obstacles to recognition.

Companies Mentioned

Bosch, Continental, Daimler, Delphi Automotive, Mobileye, ZF Friedrichshafen, Autoliv, DENSO, Elektrobit, Ford Motor Company, Itzel, Magna International, and Toshiba.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Automotive traffic sign recognition
    • Regulatory framework
  • Market landscape
    • Market overview
      • Table Global automotive traffic sign recognition market: Overview
    • Market size and forecast
      • Table Global automotive traffic sign recognition market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Global automotive traffic sign recognition market segmentation by application 2016
      • Table Global automotive traffic sign recognition market segmentation by application 2021
      • Table Global automotive traffic sign recognition market segmentation by application ($billions)
    • Global automotive traffic sign recognition market by passenger cars
      • Table Global automotive traffic sign recognition market for passenger cars 2016-2021 ($billions)
    • Global automotive traffic sign recognition market by commercial vehicles
      • Table Global automotive traffic sign recognition market for commercial vehicles 2016-2021($ billions)
  • Geographical segmentation
    • Table Global automotive traffic sign recognition market segmentation by geography 2016(%)
    • Table Global automotive traffic sign recognition market segmentation by geography 2021(%)
    • Table Global automotive traffic sign recognition market segmentation by geography 2016-2021 (%)
    • Automotive traffic sign recognition market in EMEA
      • Table Automotive traffic sign recognition market in EMEA 2016-2021 ($ billions)
    • Automotive traffic sign recognition market in Americas
      • Table Global automotive traffic sign recognition market in Americas 2016-2021 ($ billions)
    • Automotive traffic sign recognition market in APAC
      • Table Global automotive traffic sign recognition market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Use of HDR cameras and Ethernet-based ADAS
    • Price fall in ADAS subsystems to help OEMs and consumers
    • Integration of traffic sign recognition with autonomous vehicles
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Bosch
      • Table Bosch: Business segmentation by revenue 2016 (%)
      • Table Bosch: Geographic segmentation by revenue 2016 (%)
      • Table Bosch: Recent developments
    • Continental
      • Table Continental: Business segmentation by revenue in 2016 (%)
      • Table Continental: Geographic segmentation by revenue 2016 (%)
      • Table Continental: Recent developments
    • Daimler
      • Table Daimler: Business segmentation by revenue 2016 (%)
      • Table Daimler: Geographical segmentation by revenue 2016
      • Table Daimler: Recent developments
    • Delphi Automotive
      • Table Delphi Automotive: Geographical segmentation by revenue 2016 (%)
      • Table Delphi Automotive: Recent developments
    • Mobileye
      • Table Mobileye: Business segmentation by revenue 2016 (%)
      • Table Mobileye: Geographical segmentation by revenue 2016
      • Table Mobileye: Product portfolio
      • Table Mobileye: Recent developments
    • ZF Friedrichshafen
      • Table ZF Friedrichshafen: Geographical segmentation by revenue 2016
      • Table ZF Friedrichshafen: Recent development
  • Appendix
    • List of abbreviations
  • Explore Technavio

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