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The traffic signal recognition market size is forecast to increase by USD 1.38 billion, at a CAGR of 4.75% between 2023 and 2028. Rapid urbanization is increasing the demand for efficient transportation systems and real-time information to manage traffic flow and ensure road safety. The increasing emphasis on road safety norms is driving the adoption of technologies that can help improve road safety, such as intelligent transportation systems. Further, the Internet of Things (IoT) and digital sensors play a crucial role in these technological systems by enabling real-time data collection and processing. The growing need for real-time information systems is also fueling market growth, as businesses and governments seek to improve the efficiency and safety of transportation networks. Additionally, government initiatives to modify transport infrastructure are driving investment in the market, leading to the development of new transportation solutions and systems.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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