Traffic Signal Recognition Market by Trends, Key Players, Driver, Segmentation and Forecast to 2028

According to our latest market study on "Traffic Signal Recognition Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Detection Technology (Color-based Detection, Shape-based Detection, Feature-based Detection); Vehicle Type (Passenger Cars, Commercial Vehicles) and Geography"

The automotive industry has emerged as one of the key procurer of advanced electronics. The electronic manufacturers are focusing heavily on the developing robust technologies for automotive sector. The traffic signal recognition technology is among the latest technologies developed by various electronics manufacturers. Increasing emphasize towards the development of robust advanced driver assistance systems (ADAS) is resulting in growth of traffic signal recognition market.

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Companies Profiled in this report includes: CONTINENTAL AG,DAIMLER AG,DENSO CORPORATION,FORD MOTOR COMPANY,HELLA AGLAIA MOBILE VISION GMBH,MOBILEYE CORPORATION,ROBERT BOSCH GMBH,TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION,VOLKSWAGEN,ZF FRIEDRICHSHAFEN

MARKET DYNAMICS

The traffic signal recognition market is poised to grow over the years, owing to the fact that, the automotive manufacturers are increasingly partnering with electronic manufacturers to develop advanced technologies. With an objective to reduce road accidents occurring from human errors, the automotive manufactures are increasingly stressing on the integration of the technology onto mid segment vehicles. This factor is also acting as a key propellant for traffic signal recognition market.

MARKET SEGMENTATION

The global traffic signal recognition market is segmented on the basis of detection technology, vehicle type. Based on detection technology, the market is segmented as color-based detection, shape-based detection, and feature-based detection. Based on vehicle type, the market is segmented into passenger cars and commercial vehicle.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global traffic signal recognition market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The traffic signal recognition market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting traffic signal recognition market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the traffic signal recognition market in these regions.

The purposes of this analysis are:

To characterize, portray, and check the Traffic Signal Recognition market based on product type, application, and region.

To estimate and inspect the size of the Traffic Signal Recognition market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.

To estimate and inspect the Traffic Signal Recognition markets at country-level in every region.

To strategically investigate every sub-market about personal development trends and its contribution to the Traffic Signal Recognition market.

To look at possibilities in the Traffic Signal Recognition market for shareholder by recognizing excessive-growth segments of the market.

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.