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Germany Traffic Sign Recognition Market - By Mode of Display, Solution Type, Applications, Geography and Vendors - Forecasts, Trends and Shares (2017 - 2022)

  • January 2017
  • 111 pages
  • Mordor Intelligence LLP
Report ID: 3627757

Summary

Table of Contents

The Germany Traffic Sign Recognition market is expected to grow at a CAGR of 12.25% till 2020. The growth of the market in the country is driven by increase in automation of vehicles and the growing demand for integrated connected systems. The drivers and customers are now preferring more of autonomous driving, including parking assistance, alerts for approaching vehicles, people and objects, traffic congestion assistance, and lane departure warnings. Thereby, with the increase in the convergence of sensor- and connectivity-based solutions, these systems are critical to make decisions based upon information from the surrounding environment. In this respect, traffic sign recognition systems helps to significantly reduce the burden on drivers, augment the safety aspects and increase driver’s convenience.

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 motor vehicle safety increasing the safety of drivers, passengers, in vehicles, the demand for cost effective sensor enabled road signs/pedestrian detection systems has increased significantly in the country. 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, is efficient in reducing accident rates significantly.

The development of sensor based technologies across the world, coupled with the economic recovery of the country post the recession period has helped to augment the demand for the luxury and sports vehicles, which in turn would affect the growth of traffic sign recognition systems in the country. However, some functional defects associated with the detection of these systems in harsh weather conditions pose a threat in terms of acceptability of these systems and thereby the growth of the market. The efficiency and speed of the detection are the critical factors, which play a significant importance in the whole TSR process, which can be achieved by reducing the search space and indicate the potential regions. Among the traffic sign detection types, the demand for colour-based detection would attract greater market with a market share of more than 38% in the market. The market for TSR from the OEMs would gather major traction in the country with the highest CAGR. Denso, TRW and Bosch are some of the leading vendors in the market.

What the Report Offers

Market Definition along with identification of key drivers and restraints for the market.
Market analysis with region specific assessments and competition analysis on the market
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the industry in the country.

Please note: this report requires certain updates. We have all the information available but require 2 business days to complete the process and ensure it is as up-to-date as possible.


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