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Traffic Signal Recognition-Global Market Insights and Sales Trends 2025
Synopsis
Intelligent transport systems (ITS), an umbrella term to describe systems that ease the processes of traffic and driving through automation, have evolved to include traffic recognition systems (TSR), which enable automatic traffic signs detection and recognition.
The global Traffic Signal Recognition market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Traffic Signal Recognition in various end use industries. The expanding demands from the Bridges, Road, Tunnel and Mountain Pass, are propelling Traffic Signal Recognition market. Colour-Based Detection, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Shape-Based Detection segment is estimated at % CAGR for the next seven-year period.
The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.
According to our Communications Research Centre, in 2022, the global communication equipment was valued at US$ 100 billion. The U.S. and China are powerhouses in the manufacture of communications equipment. According to data from the Ministry of Industry and Information Technology of China, the cumulative revenue of telecommunications services in 2022 was ¥1.58 trillion, an increase of 8% over the previous year. The total amount of telecommunications business calculated at the price of the previous year reached ¥1.75 trillion, a year-on-year increase of 21.3%. In the same year, the fixed Internet broadband access business revenue was ¥240.2 billion, an increase of 7.1% over the previous year, and its proportion in the telecommunications business revenue decreased from 15.3% in the previous year to 15.2%, driving the telecommunications business revenue to increase by 1.1 percentage points.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Traffic Signal Recognition, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Traffic Signal Recognition market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Traffic Signal Recognition market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Traffic Signal Recognition sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Traffic Signal Recognition covered in this report include Robert Bosch, Daimler, Denso Corporation, Ford, Toshiba, ZF TRW, Continental AG, Hella Aglaia Mobile Vision GmbH and Mobileye Corporation, etc.
The global Traffic Signal Recognition market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Robert Bosch
Daimler
Denso Corporation
Ford
Toshiba
ZF TRW
Continental AG
Hella Aglaia Mobile Vision GmbH
Mobileye Corporation
Delphi
Gentex
Global Traffic Signal Recognition market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Traffic Signal Recognition market, Segment by Type:
Colour-Based Detection
Shape-Based Detection
Feature-Based Detection
Other
Global Traffic Signal Recognition market, by Application
Bridges
Road
Tunnel
Mountain Pass
Highways
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Traffic Signal Recognition companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Intelligent transport systems (ITS), an umbrella term to describe systems that ease the processes of traffic and driving through automation, have evolved to include traffic recognition systems (TSR), which enable automatic traffic signs detection and recognition.
The global Traffic Signal Recognition market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Traffic Signal Recognition in various end use industries. The expanding demands from the Bridges, Road, Tunnel and Mountain Pass, are propelling Traffic Signal Recognition market. Colour-Based Detection, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Shape-Based Detection segment is estimated at % CAGR for the next seven-year period.
The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.
According to our Communications Research Centre, in 2022, the global communication equipment was valued at US$ 100 billion. The U.S. and China are powerhouses in the manufacture of communications equipment. According to data from the Ministry of Industry and Information Technology of China, the cumulative revenue of telecommunications services in 2022 was ¥1.58 trillion, an increase of 8% over the previous year. The total amount of telecommunications business calculated at the price of the previous year reached ¥1.75 trillion, a year-on-year increase of 21.3%. In the same year, the fixed Internet broadband access business revenue was ¥240.2 billion, an increase of 7.1% over the previous year, and its proportion in the telecommunications business revenue decreased from 15.3% in the previous year to 15.2%, driving the telecommunications business revenue to increase by 1.1 percentage points.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Traffic Signal Recognition, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Traffic Signal Recognition market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Traffic Signal Recognition market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Traffic Signal Recognition sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Traffic Signal Recognition covered in this report include Robert Bosch, Daimler, Denso Corporation, Ford, Toshiba, ZF TRW, Continental AG, Hella Aglaia Mobile Vision GmbH and Mobileye Corporation, etc.
The global Traffic Signal Recognition market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Robert Bosch
Daimler
Denso Corporation
Ford
Toshiba
ZF TRW
Continental AG
Hella Aglaia Mobile Vision GmbH
Mobileye Corporation
Delphi
Gentex
Global Traffic Signal Recognition market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Traffic Signal Recognition market, Segment by Type:
Colour-Based Detection
Shape-Based Detection
Feature-Based Detection
Other
Global Traffic Signal Recognition market, by Application
Bridges
Road
Tunnel
Mountain Pass
Highways
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Traffic Signal Recognition companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Traffic Signal Recognition
1.1 Traffic Signal Recognition Market Overview
1.1.1 Traffic Signal Recognition Product Scope
1.1.2 Traffic Signal Recognition Market Status and Outlook
1.2 Global Traffic Signal Recognition Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Traffic Signal Recognition Market Size by Region (2018-2029)
1.4 Global Traffic Signal Recognition Historic Market Size by Region (2018-2023)
1.5 Global Traffic Signal Recognition Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Traffic Signal Recognition Market Size (2018-2029)
1.6.1 North America Traffic Signal Recognition Market Size (2018-2029)
1.6.2 Europe Traffic Signal Recognition Market Size (2018-2029)
1.6.3 Asia-Pacific Traffic Signal Recognition Market Size (2018-2029)
1.6.4 Latin America Traffic Signal Recognition Market Size (2018-2029)
1.6.5 Middle East & Africa Traffic Signal Recognition Market Size (2018-2029)
2 Traffic Signal Recognition Market by Type
2.1 Introduction
2.1.1 Colour-Based Detection
2.1.2 Shape-Based Detection
2.1.3 Feature-Based Detection
2.1.4 Other
2.2 Global Traffic Signal Recognition Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Traffic Signal Recognition Historic Market Size by Type (2018-2023)
2.2.2 Global Traffic Signal Recognition Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Traffic Signal Recognition Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Traffic Signal Recognition Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Traffic Signal Recognition Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Traffic Signal Recognition Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Traffic Signal Recognition Revenue Breakdown by Type (2018-2029)
3 Traffic Signal Recognition Market Overview by Application
3.1 Introduction
3.1.1 Bridges
3.1.2 Road
3.1.3 Tunnel
3.1.4 Mountain Pass
3.1.5 Highways
3.1.6 Other
3.2 Global Traffic Signal Recognition Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Traffic Signal Recognition Historic Market Size by Application (2018-2023)
3.2.2 Global Traffic Signal Recognition Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Traffic Signal Recognition Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Traffic Signal Recognition Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Traffic Signal Recognition Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Traffic Signal Recognition Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Traffic Signal Recognition Revenue Breakdown by Application (2018-2029)
4 Traffic Signal Recognition Competition Analysis by Players
4.1 Global Traffic Signal Recognition Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Traffic Signal Recognition as of 2022)
4.3 Date of Key Players Enter into Traffic Signal Recognition Market
4.4 Global Top Players Traffic Signal Recognition Headquarters and Area Served
4.5 Key Players Traffic Signal Recognition Product Solution and Service
4.6 Competitive Status
4.6.1 Traffic Signal Recognition Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Robert Bosch
5.1.1 Robert Bosch Profile
5.1.2 Robert Bosch Main Business
5.1.3 Robert Bosch Traffic Signal Recognition Products, Services and Solutions
5.1.4 Robert Bosch Traffic Signal Recognition Revenue (US$ Million) & (2018-2023)
5.1.5 Robert Bosch Recent Developments
5.2 Daimler
5.2.1 Daimler Profile
5.2.2 Daimler Main Business
5.2.3 Daimler Traffic Signal Recognition Products, Services and Solutions
5.2.4 Daimler Traffic Signal Recognition Revenue (US$ Million) & (2018-2023)
5.2.5 Daimler Recent Developments
5.3 Denso Corporation
5.3.1 Denso Corporation Profile
5.3.2 Denso Corporation Main Business
5.3.3 Denso Corporation Traffic Signal Recognition Products, Services and Solutions
5.3.4 Denso Corporation Traffic Signal Recognition Revenue (US$ Million) & (2018-2023)
5.3.5 Ford Recent Developments
5.4 Ford
5.4.1 Ford Profile
5.4.2 Ford Main Business
5.4.3 Ford Traffic Signal Recognition Products, Services and Solutions
5.4.4 Ford Traffic Signal Recognition Revenue (US$ Million) & (2018-2023)
5.4.5 Ford Recent Developments
5.5 Toshiba
5.5.1 Toshiba Profile
5.5.2 Toshiba Main Business
5.5.3 Toshiba Traffic Signal Recognition Products, Services and Solutions
5.5.4 Toshiba Traffic Signal Recognition Revenue (US$ Million) & (2018-2023)
5.5.5 Toshiba Recent Developments
5.6 ZF TRW
5.6.1 ZF TRW Profile
5.6.2 ZF TRW Main Business
5.6.3 ZF TRW Traffic Signal Recognition Products, Services and Solutions
5.6.4 ZF TRW Traffic Signal Recognition Revenue (US$ Million) & (2018-2023)
5.6.5 ZF TRW Recent Developments
5.7 Continental AG
5.7.1 Continental AG Profile
5.7.2 Continental AG Main Business
5.7.3 Continental AG Traffic Signal Recognition Products, Services and Solutions
5.7.4 Continental AG Traffic Signal Recognition Revenue (US$ Million) & (2018-2023)
5.7.5 Continental AG Recent Developments
5.8 Hella Aglaia Mobile Vision GmbH
5.8.1 Hella Aglaia Mobile Vision GmbH Profile
5.8.2 Hella Aglaia Mobile Vision GmbH Main Business
5.8.3 Hella Aglaia Mobile Vision GmbH Traffic Signal Recognition Products, Services and Solutions
5.8.4 Hella Aglaia Mobile Vision GmbH Traffic Signal Recognition Revenue (US$ Million) & (2018-2023)
5.8.5 Hella Aglaia Mobile Vision GmbH Recent Developments
5.9 Mobileye Corporation
5.9.1 Mobileye Corporation Profile
5.9.2 Mobileye Corporation Main Business
5.9.3 Mobileye Corporation Traffic Signal Recognition Products, Services and Solutions
5.9.4 Mobileye Corporation Traffic Signal Recognition Revenue (US$ Million) & (2018-2023)
5.9.5 Mobileye Corporation Recent Developments
5.10 Delphi
5.10.1 Delphi Profile
5.10.2 Delphi Main Business
5.10.3 Delphi Traffic Signal Recognition Products, Services and Solutions
5.10.4 Delphi Traffic Signal Recognition Revenue (US$ Million) & (2018-2023)
5.10.5 Delphi Recent Developments
5.11 Gentex
5.11.1 Gentex Profile
5.11.2 Gentex Main Business
5.11.3 Gentex Traffic Signal Recognition Products, Services and Solutions
5.11.4 Gentex Traffic Signal Recognition Revenue (US$ Million) & (2018-2023)
5.11.5 Gentex Recent Developments
6 North America
6.1 North America Traffic Signal Recognition Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Traffic Signal Recognition Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Traffic Signal Recognition Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Traffic Signal Recognition Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Traffic Signal Recognition Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Traffic Signal Recognition Market Dynamics
11.1 Traffic Signal Recognition Industry Trends
11.2 Traffic Signal Recognition Market Drivers
11.3 Traffic Signal Recognition Market Challenges
11.4 Traffic Signal Recognition Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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