Automotive Traffic Sign Recognition System Market to Grow at 29.83% CAGR Driven by EMEA to 2020
RnRMarketResearch.com adds Global Automotive Traffic Sign Recognition System Market 2016-2020 latest research report, the analysts forecast global automotive traffic sign recognition system market to grow at a CAGR of 29.83% during the period 2016-2020.
August 3, 2016 /MarketersMedia/ —
The global automotive traffic sign recognition system market analyst says an important trend spurring growth is the use of HDR cameras and Ethernet-based ADAS. A traffic sign can have several emitter segments that operate at various frequency levels. The cameras deployed for automotive applications capturing the composite image may have accuracy deficiency because of the several linear frames captured when the vehicle is in motion. The HDR technology that is now being used offers better image sensing capabilities.
Complete report on automotive traffic sign recognition system market spread across 67 pages, analyzing 4 major companies and providing 30 data exhibits are now available at http://www.rnrmarketresearch.com/global-automotive-traffic-sign-recognition-system-market-2016-2020-market-report.html
According to the 2016 automotive traffic sign recognition system report, autonomous cars becoming a reality will drive market growth. Companies such as Delphi, Continental, Bosch, Audi, Mercedes-Benz, and Google (among others) are working to expand the autonomous driving concept. Such campaigns and promotions have widened the market acceptance of semi-autonomous features in passenger vehicles. Self-driving cars may soon become a reality toward the end of the forecast period. Automotive majors such as Mercedes-Benz and BMW are in advanced levels of achieving such a reality. We expect the move toward self-driving or unmanned vehicles to boost the uptake of traffic sign recognition systems.
The demand for automotive traffic sign recognition systems in the market stems from the rising need to curb road accidents. These systems help a great deal in curbing the most critical risks associated with speeding vehicles, resulting in its growing adoption across the globe. During 2015, EMEA dominated the global automotive traffic sign recognition system market with a market share of around 45%. The presence of global automobile manufacturers such as BMW, Audi, and Mercedes-Benz coupled with the flourishing luxury car market in the region is expected to propel growth in the automotive traffic sign recognition system market in EMEA through the forecast period. Order a copy of Global Automotive Traffic Sign Recognition System Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=620676
Global Automotive Traffic Sign Recognition System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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. This 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 following companies are the key players in the global automotive traffic sign recognition system market: Daimler, Continental, Mobileye, and ZF TRW. Other prominent vendors in the market are: Bosch, Delphi, Denso, itseez, and Toshiba.
Further, automotive traffic sign recognition system report states that factors such as mounting cost pressures on OEMs will act as a challenge for market growth. Automotive OEMs face enormous cost pressures due to dynamic regulations that govern several components within a vehicle. Stringent emission norms, the need for heavy investments in R&D programs, market competition, and evolving customer demands add to this pressure.
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