Traffic Signal Recognition Market Share & Growth: [USD 450 Million], at [4.7% CAGR]

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Published date: 25 Mar, 2025 04:15 PM
Modified date: 25 Mar, 2025 04:16 PM
  • Location: Cologne
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Traffic Signal Recognition Market Share & Growth: [USD 450 Million], at [4.7% CAGR]
Traffic Signal Recognition Market Share & Growth: [USD 450 Million], at [4.7% CAGR]

According to TechSci Research, the Traffic Signal Recognition Market stood at USD 450 million in 2022 and is anticipated to grow at a CAGR of 4.7% between 2024 and 2028. The market’s expansion is driven by increased adoption of Advanced Driver Assistance Systems (ADAS), improvements in sensor technologies, and the ongoing push towards autonomous driving. Governments and regulatory bodies worldwide are implementing stringent road safety regulations, which are further accelerating the adoption of TSR systems.

The growing number of smart cities and intelligent traffic management systems is also contributing to market growth. Automakers are investing heavily in research and development to enhance TSR capabilities, ensuring better integration with other automotive safety systems.


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