The North America Traffic Signal Recognition Market Report Forecast 2021 – 2025 offers a clear understanding of the subject matter. The report has been gathered using principal and subordinate research methodologies. Both these methods are directed towards cooperating accurate and meticulous data concerning the market dynamics, historical events, and the current market landscape. Additionally, the report also includes a SWOT analysis that concludes the strengths, weaknesses, opportunities, and threats impacting the segments of the overall market. The report also takes into account the impact of the COVID-19 and also forecasts its recovery post-COVID-19.
The North America Traffic Signal Recognition market is poised to register a CAGR of over 5% during the forecast period (2020 – 2025).
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Top Key Players in the North America Traffic Signal Recognition Market: Robert Bosch Gmbh, DENSO Corporation, Continental AG, Toshiba Corporation, HELLA GmbH and Co. KGaA
Key Market Trends
New Development of Smart Traffic Solution will Drive the Market
Vehicles were becoming smarter with the development of every new technology but for that smarter vehicle traffic infrastructure should also be smart for that many industry participants are working in collaboration with the state or city traffic authorities for making the roads accident-proof. For instance, in 2019, Denso announced that it is investing USD 1.42millionfor for the Smart Mobility Ecosystem in the city of Dublin, Ohio. This ecosystem is designed to improve the regions transportation network.
Whereas, a joint project is done by SEAT with the Spanish Traffic Authority, the Barcelona City Council, and ETRA. In this project, they have successfully connected vehicles with traffic lights and the traffic control center so that drivers can anticipate their upcoming traffic signal status. These projects also share information about motorway incidents directly to vehicles without the need for any information panels.
Market Size Estimation:
The Total Addressable Market (TAM) for estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.
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This North America Traffic Signal Recognition Market report addresses:
– The Market size from 2015-2020
– Expected market growth until 2025
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place
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– The market estimate (ME) sheet in Excel format
– 3 months of analyst support
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Covid-19 Impact Analysis:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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