China Traffic Sign Recognition Market - By Mode of Display, Solution Type, Applications, Geography and Vendors - Forecasts, Trends and Shares (2020 - 2025)

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China’s market for traffic sign recognition systems was worth USD 68 million in 2015 and is expected to reach USD 148 million by 2020, at CAGR of XX%.

Traffic sign recognition (TSR) is an uphill task when aimed at detecting and recognizing the signs in images captured from critical and harsh environments. Researchers have developed vision-based techniques for traffic monitoring, traffic-related parameter estimation, driver monitoring, and intelligent vehicles to develop the mechanism of TSR systems. TSR is one of the critical segments of the Intelligent Transportation System. The road signs and traffic signals define a visual language that is interpreted by the drivers. The signs and signals represent the current traffic situation on the road, show the danger and difficulties around the drivers, and provide warnings to the driver. TSR techniques using computer vision technologies to detect traffic make the task automated and are carried out more frequently, resulting in greater road safety and convenience.

TSR Systems- Challenges

Complex background, weather, shadow and other lighting-related problems may make it difficult to detect and recognize signs in the rural as well as the urban areas in the country. Two major problems exist in the whole detection process that pose a challenge in the adoption of TSR systems. Road signs are frequently occluded partially by other vehicles. Many objects are present in traffic scenes that make the sign detection hard (pedestrians, other vehicles, buildings and billboards may confuse the detection system by patterns similar to that of road signs). However, research and development in the pattern detection and recognition systems would significantly help to increase the credibility of these systems, leading to greater adoption of these systems. Irrespective of the difficulties in road sign recognition, state-of-the-art technologies for these mechanisms generate a potential uptrend in the development of road sign recognition in the country.

Road and traffic signs are required to be designed in a way that they are distinguishable from the natural and conventional backgrounds. Traffic signs are characterized by many features, which make them recognizable with respect to the environment. Road signs are designed, manufactured and installed in accordance with tight regulations. While most OEMs are integrating sensors and cameras for traffic sign detection and recognition in new cars, other sensor-based companies are offering add-on sensors that can be used in cars without pre-installed pedestrian detection systems. Among applications, color-based detection systems are expected to have the highest share in the traffic sign recognition control systems.

The market has been segmented by type and end-user segment.

Some of the key players in the market are:

  • Continental Automotive
  • Daimler
  • Delphi
  • Toshiba

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 scenario, rising prospective opportunities and identification of key companies that can influence the market
  • Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
  • Identification and analysis of the macro and micro factors that affect the industry.

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