Advanced Driver Assistance Systems (ADAS) Market Set for Rapid Growth by 2024

Posted July 26, 2017 by maryownes

The recent advancement in the automotive safety system is the advanced driver assistance systems (ADAS) which assists the drivers in difficult traffic situations.

Global Advanced Driver Assistance Systems (ADAS) Market: Overview

The recent advancement in the automotive safety system is the advanced driver assistance systems (ADAS) which assist the drivers in difficult traffic situations. A platform for autonomous and semi-autonomous vehicles has been set by the deployment of the advanced driver assistance systems. The installation of this feature has eliminated any type of errors while driving. The advanced features comprised by ADAS are drowsiness alerts, lane change assistance, automatic emergency brakes, forward collision warnings and the blind spot warnings, in turn, which enhances the driving in the automobiles. The systems consist of navigation systems, cameras, and sensors that are continuously monitoring the surroundings and delivering traffic warnings. Owing to the ADAS, the safety of the vehicle has increased and the rate of accidents has reduced.

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Global Advanced Driver Assistance Systems (ADAS) Market by Segmentation: The global advanced driver assistance systems (ADAS) market is segmented into its technology, sensor technology, the vehicle type, and the regions. Based on the technology, the ADAS market is categorized into lane departure warning, adaptive front lights, head-up display, drowsiness monitoring system, brake assistance, tire-pressure monitoring system, adaptive cruise control, blind spot detection, night vision system, road sign recognition, park assistance, and pedestrian detection system. On the basis of the sensor technology, the global advanced driver assistance systems (ADAS) market is segregated into lidar, infrared, radar, camera and ultrasonic. Based on the vehicle type, the global market is divided into passenger cars and commercial vehicles. The global advanced driver assistance systems (ADAS) market is diversified into regions such as Asia Pacific, North America, Europe, and Rest of the World.

Global Advanced Driver Assistance Systems (ADAS) Market by Growth Factors: There are many reasons for the growth of the ADAS market globally some being the strict laws by the government regarding safety, the consumer preferences for new technologies and good safety features. Currently, the scenario is that the advanced driver assistance systems are available majorly as factory-installed equipment in the luxury and premium cars but in the coming years this will change and low segment cars will also have ADAS installed, thus triggering the market growth. The adaptive cruise control is the segment that is dominant in terms of revenue and will maintain its influence in the coming years. Factors that are hampering the market growth include: most of the applications of the ADAS are still in the stage of development and the applications that are developed are available only in premium cars. Another factor that hampers the market growth is the lack of consumer awareness regarding ADAS and its benefits.

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Global Advanced Driver Assistance Systems (ADAS) Market by Regional Analysis: North America dominated the global advanced driver assistance systems (ADAS) market followed by Europe and Asia-Pacific, respectively. New research and technologies are being used in the European region for the advancement of the ADAS and high investments are made, thus positively contributing to the market growth. In terms of the market growth, the Asia Pacific region is leading owing to the contribution from countries such as South Korea and Japan. Countries such as India and China have fueled the market growth owing to the strict regulations by the government regarding safety. Some other driving factors are the increased incomes and purchasing power of the people, change in lifestyle owing to urbanization and the increasing awareness of the people.

Global Advanced Driver Assistance Systems (ADAS) Market by Competitive Players: Some of the key market players operating in the global advanced driver assistance systems (ADAS) include Denso Corporation, Robert Bosch GmbH, Delphi Automotive PLC Delphi Automotive PLC, Autoliv Inc., Continental AG, Valeo, Audi AG, Magna International Inc., Ford Motors Co., BMW AG, and General Motors.

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Global Advanced Driver Assistance Systems (ADAS) Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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Issued By Dorothy himes
Country United States
Categories Automotive
Tags advanced driver assistance systems adas market
Last Updated July 26, 2017