The global automotive traffic sign recognition market is forecasted to grow at a CAGR of 32.03% during the period 2017-2021

LONDON, Nov. 28, 2017 /PRNewswire/ --

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.

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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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

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