Emeging Evolution : Automotive Traffic Sign Recognition System Market Globally Grow at a CAGR of 29.83% by 2020

Albany, New York, July 4, 2017 : Recent research and the current scenario as well as future market potential of "Global Automotive Traffic Sign Recognition System Market 2016-2020" globally.

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.

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Technavios 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

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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?

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This release was published on openPR.