Global Traffic Signal Recognition Market 2024-2028

Description

List of Tables

The traffic signal recognition market is forecasted to grow by USD 1375.8 mn during 2023-2028, accelerating at a CAGR of 4.75% during the forecast period. The report on the traffic signal recognition market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid urbanization and increasing emphasis on road safety norms, growing need for real-time information system, and government initiatives to modify transport infrastructure.

Technavio's traffic signal recognition market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.07%
CAGR	4.75%
Incremental Value	$1375.8 mn

By Vehicle Type

Passenger vehicle
Commercial vehicle

By Type

Color-based detection
Shape-based detection
Feature-based detection

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the improving traffic flow regulations as one of the prime reasons driving the traffic signal recognition market growth during the next few years. Also, new product launches and growth of road transport infrastructure investment will lead to sizable demand in the market.

The report on the traffic signal recognition market covers the following areas:

Traffic signal recognition market sizing
Traffic signal recognition market forecast
Traffic signal recognition market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading traffic signal recognition market vendors that include Aldridge Traffic Controllers Pty Ltd., Continental AG, D G Controls Ltd., Delphi Technologies Plc, DENSO Corp., dSPACE GmbH, Elektrobit Automotive GmbH, Envoys Electronic Pvt. Ltd., European Safety Systems Ltd., Ford Motor Co., Gentex Corp., HELLA Aglaia Mobile Vision GmbH, Magna International Inc., Mercedes Benz Group AG, Mobileye Technologies Ltd., Robert Bosch GmbH, SKODA AUTO AS, SWARCO AG, Volkswagen AG, and ZF Friedrichshafen AG. Also, the traffic signal recognition market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR74789

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Traffic Signal Recognition Market 2018 - 2022
- Historic Market Size - Data Table on Global Traffic Signal Recognition Market 2018 - 2022 ($ million)
4.2 Vehicle Type segment analysis 2018 - 2022
- Historic Market Size - Vehicle Type Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Vehicle Type

6.1 Market segments
- Chart on Vehicle Type - Market share 2023-2028 (%)
- Data Table on Vehicle Type - Market share 2023-2028 (%)
6.2 Comparison by Vehicle Type
- Chart on Comparison by Vehicle Type
- Data Table on Comparison by Vehicle Type
6.3 Passenger vehicle - Market size and forecast 2023-2028
- Chart on Passenger vehicle - Market size and forecast 2023-2028 ($ million)
- Data Table on Passenger vehicle - Market size and forecast 2023-2028 ($ million)
- Chart on Passenger vehicle - Year-over-year growth 2023-2028 (%)
- Data Table on Passenger vehicle - Year-over-year growth 2023-2028 (%)
6.4 Commercial vehicle - Market size and forecast 2023-2028
- Chart on Commercial vehicle - Market size and forecast 2023-2028 ($ million)
- Data Table on Commercial vehicle - Market size and forecast 2023-2028 ($ million)
- Chart on Commercial vehicle - Year-over-year growth 2023-2028 (%)
- Data Table on Commercial vehicle - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ million)
- Data Table on Market opportunity by Vehicle Type ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 Color-based detection - Market size and forecast 2023-2028
- Chart on Color-based detection - Market size and forecast 2023-2028 ($ million)
- Data Table on Color-based detection - Market size and forecast 2023-2028 ($ million)
- Chart on Color-based detection - Year-over-year growth 2023-2028 (%)
- Data Table on Color-based detection - Year-over-year growth 2023-2028 (%)
7.4 Shape-based detection - Market size and forecast 2023-2028
- Chart on Shape-based detection - Market size and forecast 2023-2028 ($ million)
- Data Table on Shape-based detection - Market size and forecast 2023-2028 ($ million)
- Chart on Shape-based detection - Year-over-year growth 2023-2028 (%)
- Data Table on Shape-based detection - Year-over-year growth 2023-2028 (%)
7.5 Feature-based detection - Market size and forecast 2023-2028
- Chart on Feature-based detection - Market size and forecast 2023-2028 ($ million)
- Data Table on Feature-based detection - Market size and forecast 2023-2028 ($ million)
- Chart on Feature-based detection - Year-over-year growth 2023-2028 (%)
- Data Table on Feature-based detection - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Continental AG
- Continental AG - Overview
- Continental AG - Business segments
- Continental AG - Key news
- Continental AG - Key offerings
- Continental AG - Segment focus
12.4 D G Controls Ltd.
- D G Controls Ltd. - Overview
- D G Controls Ltd. - Product / Service
- D G Controls Ltd. - Key offerings
12.5 DENSO Corp.
- DENSO Corp. - Overview
- DENSO Corp. - Business segments
- DENSO Corp. - Key news
- DENSO Corp. - Key offerings
- DENSO Corp. - Segment focus
12.6 dSPACE GmbH
- dSPACE GmbH - Overview
- dSPACE GmbH - Product / Service
- dSPACE GmbH - Key offerings
12.7 Elektrobit Automotive GmbH
- Elektrobit Automotive GmbH - Overview
- Elektrobit Automotive GmbH - Product / Service
- Elektrobit Automotive GmbH - Key offerings
12.8 European Safety Systems Ltd.
- European Safety Systems Ltd. - Overview
- European Safety Systems Ltd. - Product / Service
- European Safety Systems Ltd. - Key offerings
12.9 Ford Motor Co.
- Ford Motor Co. - Overview
- Ford Motor Co. - Business segments
- Ford Motor Co. - Key news
- Ford Motor Co. - Key offerings
- Ford Motor Co. - Segment focus
12.10 HELLA Aglaia Mobile Vision GmbH
- HELLA Aglaia Mobile Vision GmbH - Overview
- HELLA Aglaia Mobile Vision GmbH - Product / Service
- HELLA Aglaia Mobile Vision GmbH - Key offerings
12.11 Magna International Inc.
- Magna International Inc. - Overview
- Magna International Inc. - Business segments
- Magna International Inc. - Key news
- Magna International Inc. - Key offerings
- Magna International Inc. - Segment focus
12.12 Mercedes Benz Group AG
- Mercedes Benz Group AG - Overview
- Mercedes Benz Group AG - Business segments
- Mercedes Benz Group AG - Key news
- Mercedes Benz Group AG - Key offerings
- Mercedes Benz Group AG - Segment focus
12.13 Mobileye Technologies Ltd.
- Mobileye Technologies Ltd. - Overview
- Mobileye Technologies Ltd. - Product / Service
- Mobileye Technologies Ltd. - Key offerings
12.14 Robert Bosch GmbH
- Robert Bosch GmbH - Overview
- Robert Bosch GmbH - Product / Service
- Robert Bosch GmbH - Key news
- Robert Bosch GmbH - Key offerings
12.15 SKODA AUTO AS
- SKODA AUTO AS - Overview
- SKODA AUTO AS - Product / Service
- SKODA AUTO AS - Key offerings
12.16 Volkswagen AG
- Volkswagen AG - Overview
- Volkswagen AG - Business segments
- Volkswagen AG - Key news
- Volkswagen AG - Key offerings
- Volkswagen AG - Segment focus
12.17 ZF Friedrichshafen AG
- ZF Friedrichshafen AG - Overview
- ZF Friedrichshafen AG - Business segments
- ZF Friedrichshafen AG - Key news
- ZF Friedrichshafen AG - Key offerings
- ZF Friedrichshafen AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations