Europe Traffic Sign Recognition Market- By Mode of Display, Solution Type, Applications, Geography and Vendors - Forecasts, Trends and Shares

  • ID: 4385086
  • Report
  • Region: Europe
  • 122 pages
  • Mordor Intelligence
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The Europe Traffic Sign Recognition market is expected to grow at a CAGR of 10.45% by 2020. These systems are integrated form of detection techniques in which, the traffic signs are detected in an image format through an on-board road-facing camera. The traffic sign images are stored in the repository, which are later processed by the augmented computerised system in the vehicle to acknowledge the sign, based on the colour or shape using advanced algorithm.

The growth of the market in the country is driven by increase in automation and the growing demand for integrated connected system in the vehicle. In addition, the regulation norms of Euro NCAP provides consumers with an assessment of the safety level of the popular cars sold in Europe. Thereby, with the European Commission’s effort on increasing the safety of drivers and passengers in vehicles, the demand for cost effective sensor enabled road signs/pedestrian detection systems has increased significantly. The rate of deaths and casualties resulting from driver’s negligence on the roads, has driven the employment of this technology. The combination of sensor enabled technology along with effective human-machine interfaces, will be effective for reducing accident rates significantly.

The development of sensor based technologies across the world, coupled with the economic recovery of Europe leading to demand for the advanced luxury features in the vehicle are some opportunity to scale up traffic sign recognition systems enabled vehicles. However, some functional defects associated with the systems in harsh weather conditions pose a threat in terms of acceptability of these systems and thereby, the growth of the market. Among the traffic sign detection types, the demand for colour-based detection would attract greater market over the forecasted period. Denso, TRW and Bosch are some of the leading vendors in the market.
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1. Introduction
1.1 Key Findings
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Market Overview
3.2 Factors Driving the Market
3.2.1 Increasing Stringent Norms Related to Driving
3.3 Factors Restraining the Market
3.3.1 Technology is Error Prone
3.3.2 No Set Standards Regarding Traffic Signs
3.3.3 Costs are High
3.4 Industry Value Chain Analysis
3.5 Industry Attractiveness – Porter’s Five Forces
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Consumers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitute Products or Services
3.5.5 Competitive Rivalry among Existing Competitors
3.6 Current Opportunities in Market
3.7 Industry Policies
4. Technology Overview
4.1 Technology Snapshot
4.2 Types of Traffic Sign Detection
4.2.1 Colour-based detection
4.2.2 Shape-based detection
4.2.3 Feature-based detection
4.3 Upcoming Technologies
5. Traffic Sign Recognition Market by Regions – Forecasts (2017 - 2022)
5.1 Europe
5.1.1 Overview
5.1.2 Market Forecast and Analysis
5.1.3 Analyst View
6. Competitive Intelligence – Key Vendor Analysis
6.1 Ford
6.1.1 Overview
6.1.2 Products and Services
6.1.3 Financials
6.1.4 Recent Developments
6.2 DENSO
6.2.1 Overview
6.2.2 Products and Services
6.2.3 Financials
6.2.4 Recent Developments
6.3 TRW
6.3.1 Overview
6.3.2 Products and Services
6.3.3 Financials
6.3.4 Recent Developments
6.4 Bosch
6.4.1 Overview
6.4.2 Products and Services
6.4.3 Financials
6.4.4 Recent Developments
6.5 Toshiba
6.5.1 Overview
6.5.2 Products and Services
6.5.3 Financials
6.5.4 Recent Developments
6.6 Daimler
6.6.1 Overview
6.6.2 Products and Services
6.6.3 Financials
6.6.4 Recent Developments
6.7 Hella Aglaia Mobile Vision
6.7.1 Overview
6.7.2 Products and Services
6.7.3 Financials
6.7.4 Recent Developments
6.8 Continental Automotive
6.8.1 Overview
6.8.2 Products and Services
6.8.3 Financials
6.8.4 Recent Developments
6.9 Skoda Auto
6.9.1 Overview
6.9.2 Products and Services
6.9.3 Financials
6.9.4 Recent Developments
6.10 Continental Automotive
6.10.1 Overview
6.10.2 Products and Services
6.10.3 Financials
6.10.4 Recent Developments
6.11 Itseez
6.11.1 Overview
6.11.2 Products and Services
6.11.3 Financials
6.11.4 Recent Developments
6.12 dSPACE
6.12.1 Overview
6.12.2 Products and Services
6.12.3 Financials
6.12.4 Recent Developments
7. Future of Traffic Recognition System Market
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