Global Traffic Sign Recognition System Market Research Report 2023

Traffic sign recognition system as its name indicates, vehicles identify traffic signs, information conveyed to the driver speed limit and other equipment.

The global Traffic Sign Recognition System market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Traffic sign recognition systems can use detection techniques as simple as the ones in which the traffic signs are detected in an image format through an onboard road-facing camera and subsequently template-matched with all the traffic sign images stored in the repository.

This report aims to provide a comprehensive presentation of the global market for Traffic Sign Recognition System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Traffic Sign Recognition System.

The Traffic Sign Recognition System market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Traffic Sign Recognition System market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Traffic Sign Recognition System companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Traffic Sign Recognition System Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Machinery And Equipment

1.2.3 Software System

1.3 Market by Application

1.3.1 Global Traffic Sign Recognition System Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Urban Road

1.3.3 Highway

1.3.4 Other

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Traffic Sign Recognition System Market Perspective (2018-2029)

2.2 Traffic Sign Recognition System Growth Trends by Region

2.2.1 Global Traffic Sign Recognition System Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Traffic Sign Recognition System Historic Market Size by Region (2018-2023)

2.2.3 Traffic Sign Recognition System Forecasted Market Size by Region (2024-2029)

2.3 Traffic Sign Recognition System Market Dynamics

2.3.1 Traffic Sign Recognition System Industry Trends

2.3.2 Traffic Sign Recognition System Market Drivers

2.3.3 Traffic Sign Recognition System Market Challenges

2.3.4 Traffic Sign Recognition System Market Restraints

3.1 Global Top Traffic Sign Recognition System Players by Revenue

3.1.1 Global Top Traffic Sign Recognition System Players by Revenue (2018-2023)

3.1.2 Global Traffic Sign Recognition System Revenue Market Share by Players (2018-2023)

3.2 Global Traffic Sign Recognition System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Traffic Sign Recognition System Revenue

3.4 Global Traffic Sign Recognition System Market Concentration Ratio

3.4.1 Global Traffic Sign Recognition System Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Traffic Sign Recognition System Revenue in 2022

3.5 Traffic Sign Recognition System Key Players Head office and Area Served

3.6 Key Players Traffic Sign Recognition System Product Solution and Service

3.7 Date of Enter into Traffic Sign Recognition System Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Traffic Sign Recognition System Historic Market Size by Type (2018-2023)

4.2 Global Traffic Sign Recognition System Forecasted Market Size by Type (2024-2029)

5.1 Global Traffic Sign Recognition System Historic Market Size by Application (2018-2023)

5.2 Global Traffic Sign Recognition System Forecasted Market Size by Application (2024-2029)

6.1 North America Traffic Sign Recognition System Market Size (2018-2029)

6.2 North America Traffic Sign Recognition System Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Traffic Sign Recognition System Market Size by Country (2018-2023)

6.4 North America Traffic Sign Recognition System Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Traffic Sign Recognition System Market Size (2018-2029)

7.2 Europe Traffic Sign Recognition System Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Traffic Sign Recognition System Market Size by Country (2018-2023)

7.4 Europe Traffic Sign Recognition System Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Traffic Sign Recognition System Market Size (2018-2029)

8.2 Asia-Pacific Traffic Sign Recognition System Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Traffic Sign Recognition System Market Size by Region (2018-2023)

8.4 Asia-Pacific Traffic Sign Recognition System Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Traffic Sign Recognition System Market Size (2018-2029)

9.2 Latin America Traffic Sign Recognition System Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Traffic Sign Recognition System Market Size by Country (2018-2023)

9.4 Latin America Traffic Sign Recognition System Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Traffic Sign Recognition System Market Size (2018-2029)

10.2 Middle East & Africa Traffic Sign Recognition System Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Traffic Sign Recognition System Market Size by Country (2018-2023)

10.4 Middle East & Africa Traffic Sign Recognition System Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Daimler

11.1.1 Daimler Company Detail

11.1.2 Daimler Business Overview

11.1.3 Daimler Traffic Sign Recognition System Introduction

11.1.4 Daimler Revenue in Traffic Sign Recognition System Business (2018-2023)

11.1.5 Daimler Recent Development

11.2 Continental

11.2.1 Continental Company Detail

11.2.2 Continental Business Overview

11.2.3 Continental Traffic Sign Recognition System Introduction

11.2.4 Continental Revenue in Traffic Sign Recognition System Business (2018-2023)

11.2.5 Continental Recent Development

11.3 Mobileye

11.3.1 Mobileye Company Detail

11.3.2 Mobileye Business Overview

11.3.3 Mobileye Traffic Sign Recognition System Introduction

11.3.4 Mobileye Revenue in Traffic Sign Recognition System Business (2018-2023)

11.3.5 Mobileye Recent Development

11.4 ZF TRW

11.4.1 ZF TRW Company Detail

11.4.2 ZF TRW Business Overview

11.4.3 ZF TRW Traffic Sign Recognition System Introduction

11.4.4 ZF TRW Revenue in Traffic Sign Recognition System Business (2018-2023)

11.4.5 ZF TRW Recent Development

11.5 Bosch

11.5.1 Bosch Company Detail

11.5.2 Bosch Business Overview

11.5.3 Bosch Traffic Sign Recognition System Introduction

11.5.4 Bosch Revenue in Traffic Sign Recognition System Business (2018-2023)

11.5.5 Bosch Recent Development

11.6 Delphi

11.6.1 Delphi Company Detail

11.6.2 Delphi Business Overview

11.6.3 Delphi Traffic Sign Recognition System Introduction

11.6.4 Delphi Revenue in Traffic Sign Recognition System Business (2018-2023)

11.6.5 Delphi Recent Development

11.7 Denso

11.7.1 Denso Company Detail

11.7.2 Denso Business Overview

11.7.3 Denso Traffic Sign Recognition System Introduction

11.7.4 Denso Revenue in Traffic Sign Recognition System Business (2018-2023)

11.7.5 Denso Recent Development

11.8 Itseez

11.8.1 Itseez Company Detail

11.8.2 Itseez Business Overview

11.8.3 Itseez Traffic Sign Recognition System Introduction

11.8.4 Itseez Revenue in Traffic Sign Recognition System Business (2018-2023)

11.8.5 Itseez Recent Development

11.9 Toshiba

11.9.1 Toshiba Company Detail

11.9.2 Toshiba Business Overview

11.9.3 Toshiba Traffic Sign Recognition System Introduction

11.9.4 Toshiba Revenue in Traffic Sign Recognition System Business (2018-2023)

11.9.5 Toshiba Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Traffic Sign Recognition System Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Machinery And Equipment

    Table 3. Key Players of Software System

    Table 4. Global Traffic Sign Recognition System Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 5. Global Traffic Sign Recognition System Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Traffic Sign Recognition System Market Size by Region (2018-2023) & (US$ Million)

    Table 7. Global Traffic Sign Recognition System Market Share by Region (2018-2023)

    Table 8. Global Traffic Sign Recognition System Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 9. Global Traffic Sign Recognition System Market Share by Region (2024-2029)

    Table 10. Traffic Sign Recognition System Market Trends

    Table 11. Traffic Sign Recognition System Market Drivers

    Table 12. Traffic Sign Recognition System Market Challenges

    Table 13. Traffic Sign Recognition System Market Restraints

    Table 14. Global Traffic Sign Recognition System Revenue by Players (2018-2023) & (US$ Million)

    Table 15. Global Traffic Sign Recognition System Market Share by Players (2018-2023)

    Table 16. Global Top Traffic Sign Recognition System Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Traffic Sign Recognition System as of 2022)

    Table 17. Ranking of Global Top Traffic Sign Recognition System Companies by Revenue (US$ Million) in 2022

    Table 18. Global 5 Largest Players Market Share by Traffic Sign Recognition System Revenue (CR5 and HHI) & (2018-2023)

    Table 19. Key Players Headquarters and Area Served

    Table 20. Key Players Traffic Sign Recognition System Product Solution and Service

    Table 21. Date of Enter into Traffic Sign Recognition System Market

    Table 22. Mergers & Acquisitions, Expansion Plans

    Table 23. Global Traffic Sign Recognition System Market Size by Type (2018-2023) & (US$ Million)

    Table 24. Global Traffic Sign Recognition System Revenue Market Share by Type (2018-2023)

    Table 25. Global Traffic Sign Recognition System Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 26. Global Traffic Sign Recognition System Revenue Market Share by Type (2024-2029)

    Table 27. Global Traffic Sign Recognition System Market Size by Application (2018-2023) & (US$ Million)

    Table 28. Global Traffic Sign Recognition System Revenue Market Share by Application (2018-2023)

    Table 29. Global Traffic Sign Recognition System Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 30. Global Traffic Sign Recognition System Revenue Market Share by Application (2024-2029)

    Table 31. North America Traffic Sign Recognition System Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 32. North America Traffic Sign Recognition System Market Size by Country (2018-2023) & (US$ Million)

    Table 33. North America Traffic Sign Recognition System Market Size by Country (2024-2029) & (US$ Million)

    Table 34. Europe Traffic Sign Recognition System Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 35. Europe Traffic Sign Recognition System Market Size by Country (2018-2023) & (US$ Million)

    Table 36. Europe Traffic Sign Recognition System Market Size by Country (2024-2029) & (US$ Million)

    Table 37. Asia-Pacific Traffic Sign Recognition System Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 38. Asia-Pacific Traffic Sign Recognition System Market Size by Region (2018-2023) & (US$ Million)

    Table 39. Asia-Pacific Traffic Sign Recognition System Market Size by Region (2024-2029) & (US$ Million)

    Table 40. Latin America Traffic Sign Recognition System Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 41. Latin America Traffic Sign Recognition System Market Size by Country (2018-2023) & (US$ Million)

    Table 42. Latin America Traffic Sign Recognition System Market Size by Country (2024-2029) & (US$ Million)

    Table 43. Middle East & Africa Traffic Sign Recognition System Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 44. Middle East & Africa Traffic Sign Recognition System Market Size by Country (2018-2023) & (US$ Million)

    Table 45. Middle East & Africa Traffic Sign Recognition System Market Size by Country (2024-2029) & (US$ Million)

    Table 46. Daimler Company Detail

    Table 47. Daimler Business Overview

    Table 48. Daimler Traffic Sign Recognition System Product

    Table 49. Daimler Revenue in Traffic Sign Recognition System Business (2018-2023) & (US$ Million)

    Table 50. Daimler Recent Development

    Table 51. Continental Company Detail

    Table 52. Continental Business Overview

    Table 53. Continental Traffic Sign Recognition System Product

    Table 54. Continental Revenue in Traffic Sign Recognition System Business (2018-2023) & (US$ Million)

    Table 55. Continental Recent Development

    Table 56. Mobileye Company Detail

    Table 57. Mobileye Business Overview

    Table 58. Mobileye Traffic Sign Recognition System Product

    Table 59. Mobileye Revenue in Traffic Sign Recognition System Business (2018-2023) & (US$ Million)

    Table 60. Mobileye Recent Development

    Table 61. ZF TRW Company Detail

    Table 62. ZF TRW Business Overview

    Table 63. ZF TRW Traffic Sign Recognition System Product

    Table 64. ZF TRW Revenue in Traffic Sign Recognition System Business (2018-2023) & (US$ Million)

    Table 65. ZF TRW Recent Development

    Table 66. Bosch Company Detail

    Table 67. Bosch Business Overview

    Table 68. Bosch Traffic Sign Recognition System Product

    Table 69. Bosch Revenue in Traffic Sign Recognition System Business (2018-2023) & (US$ Million)

    Table 70. Bosch Recent Development

    Table 71. Delphi Company Detail

    Table 72. Delphi Business Overview

    Table 73. Delphi Traffic Sign Recognition System Product

    Table 74. Delphi Revenue in Traffic Sign Recognition System Business (2018-2023) & (US$ Million)

    Table 75. Delphi Recent Development

    Table 76. Denso Company Detail

    Table 77. Denso Business Overview

    Table 78. Denso Traffic Sign Recognition System Product

    Table 79. Denso Revenue in Traffic Sign Recognition System Business (2018-2023) & (US$ Million)

    Table 80. Denso Recent Development

    Table 81. Itseez Company Detail

    Table 82. Itseez Business Overview

    Table 83. Itseez Traffic Sign Recognition System Product

    Table 84. Itseez Revenue in Traffic Sign Recognition System Business (2018-2023) & (US$ Million)

    Table 85. Itseez Recent Development

    Table 86. Toshiba Company Detail

    Table 87. Toshiba Business Overview

    Table 88. Toshiba Traffic Sign Recognition System Product

    Table 89. Toshiba Revenue in Traffic Sign Recognition System Business (2018-2023) & (US$ Million)

    Table 90. Toshiba Recent Development

    Table 91. Research Programs/Design for This Report

    Table 92. Key Data Information from Secondary Sources

    Table 93. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Traffic Sign Recognition System Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Traffic Sign Recognition System Market Share by Type: 2022 VS 2029

    Figure 3. Machinery And Equipment Features

    Figure 4. Software System Features

    Figure 5. Global Traffic Sign Recognition System Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 6. Global Traffic Sign Recognition System Market Share by Application: 2022 VS 2029

    Figure 7. Urban Road Case Studies

    Figure 8. Highway Case Studies

    Figure 9. Other Case Studies

    Figure 10. Traffic Sign Recognition System Report Years Considered

    Figure 11. Global Traffic Sign Recognition System Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 12. Global Traffic Sign Recognition System Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 13. Global Traffic Sign Recognition System Market Share by Region: 2022 VS 2029

    Figure 14. Global Traffic Sign Recognition System Market Share by Players in 2022

    Figure 15. Global Top Traffic Sign Recognition System Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Traffic Sign Recognition System as of 2022)

    Figure 16. The Top 10 and 5 Players Market Share by Traffic Sign Recognition System Revenue in 2022

    Figure 17. North America Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 18. North America Traffic Sign Recognition System Market Share by Country (2018-2029)

    Figure 19. United States Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. Canada Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Europe Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Europe Traffic Sign Recognition System Market Share by Country (2018-2029)

    Figure 23. Germany Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. France Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. U.K. Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Italy Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Russia Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Nordic Countries Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Asia-Pacific Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Asia-Pacific Traffic Sign Recognition System Market Share by Region (2018-2029)

    Figure 31. China Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Japan Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. South Korea Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. Southeast Asia Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. India Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Australia Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Latin America Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Latin America Traffic Sign Recognition System Market Share by Country (2018-2029)

    Figure 39. Mexico Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Brazil Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Middle East & Africa Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Middle East & Africa Traffic Sign Recognition System Market Share by Country (2018-2029)

    Figure 43. Turkey Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Saudi Arabia Traffic Sign Recognition System Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Daimler Revenue Growth Rate in Traffic Sign Recognition System Business (2018-2023)

    Figure 46. Continental Revenue Growth Rate in Traffic Sign Recognition System Business (2018-2023)

    Figure 47. Mobileye Revenue Growth Rate in Traffic Sign Recognition System Business (2018-2023)

    Figure 48. ZF TRW Revenue Growth Rate in Traffic Sign Recognition System Business (2018-2023)

    Figure 49. Bosch Revenue Growth Rate in Traffic Sign Recognition System Business (2018-2023)

    Figure 50. Delphi Revenue Growth Rate in Traffic Sign Recognition System Business (2018-2023)

    Figure 51. Denso Revenue Growth Rate in Traffic Sign Recognition System Business (2018-2023)

    Figure 52. Itseez Revenue Growth Rate in Traffic Sign Recognition System Business (2018-2023)

    Figure 53. Toshiba Revenue Growth Rate in Traffic Sign Recognition System Business (2018-2023)

    Figure 54. Bottom-up and Top-down Approaches for This Report

    Figure 55. Data Triangulation

    Figure 56. Key Executives Interviewed