Advanced Driver Assistance Systems (ADAS) Development Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
"Advanced
Driver Assistance Systems (ADAS) Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2017 - 2025"
The Report covers current Industries Trends, Worldwide Analysis,
Global Forecast, Review, Share, Size, Growth, Effect.
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Description-
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– The
Advanced Driver Assistance System (ADAS) provides dynamic features
such as adaptive cruise control, parking assistance, blind spot
detection, lane departure warning, drowsiness monitoring, tire
pressure monitoring and night vision.
– The
progresses in the automotive industry are not only limited to the
development in the design or engine but also cover the safety of a
vehicle, passenger as well as pedestrian. The growth of the market is
ambitious by increase in focus of customer on safety, the impending
demand for comfort in driving along with a rise in government
regulations and policies for ensuring safety. Furthermore, factors
such as pricing pressure, inflation, complexity and difficulty in
testing systems are some of the biggest challenges of this industry.
The major trends prevailing in the market are increased electronic
content and electronic integration, deployment of ADAS in low-cost
cars and a rise in number of driverless cars.
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– The
global advance driver assistance systems market can be segmented
based on system, sensor, vehicle, and region. In terms of system, the
advance driver assistance systems market can be divided into tire
pressure monitoring system, drowsiness monitoring system, park assist
system, adaptive cruise control system, blind spot object detection
system, lane departure warning system, adaptive front light system,
night vision system, and driver monitoring system.
– The
adaptive cruise control segment of the advanced driver assistance
systems market is predominant in terms of revenue, and it is expected
to maintain its dominance throughout the forecast period in the
advanced driver assistance systems market. The penetration rate of
adaptive cruise control is high, whereas other ADAS such as tire
pressure monitoring system, lane departure warning system, night
vision and forward collision warning segments is low especially
premium and low-range cars. Based on sensor, the advance driver
assistance systems market can be classified into ultrasonic sensor,
infrared sensor, RADAR long range sensor, RADAR short range sensor,
image sensor, LiDAR sensor, and LASER sensor. Rise in adoption of
advanced driver-assistance systems by automotive manufacturers has
led to an upsurge in the demand for RADAR sensors segment. These
sensors not only aid the vehicle in collision detection, warning,
avoidance, and mitigation but also in lane change assistance,
pedestrian protection systems, and blind spot monitoring. These
features are expected to boost the demand for radar system during the
forecast year. LiDAR sensors segment are also estimated to be in high
demand in the next few years. Based on vehicle, the advance driver
assistance systems can be segmented into passenger vehicle, light
commercial vehicle, heavy commercial vehicle, and electric vehicle.
– The
electric vehicle segment market is projected to expand during the
forecast year. Rise in concern for environmental protection, increase
in the sale of electric vehicles, and governmental initiatives for
green vehicle have propelled the market significantly.
– Based on geography, the
global advance driver assistance systems market can be split into
North America, Europe, Asia Pacific, Middle East & Africa, and
Latin America. North America has significant share in advanced driver
assistance systems market followed by Europe and Asia Pacific region
respectively. In terms of growth rate Asia Pacific is projected to
significant growth in advanced driver assistance systems market
closely followed by Japan and South Korea. The growth in Asia Pacific
region for the advanced driver assistance systems market is increase
in penetration rate of active safety systems especially in region
like China and India due to supporting macroeconomic factors such as
rise in income and purchasing power, changing lifestyle to due
growing urbanization and increasing awareness about active safety
systems. In addition to that, countries like Japan and South Korea is
also forecast significant growth of demand in advanced driver
assistance systems due to stringent government legislations and
safety norms.
– Key players operating in the
global advance driver assistance systems are Continental AG, Delphi
Automotive LLP., DENSO CORPORATION, Magna International Inc., Robert
Bosch GmbH, Valeo, AISIN SEIKI Co., Ltd., HYUNDAI MOBIS, Texas
Instruments Incorporated, and HELLA KGaA Hueck & Co.
– The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
– The study is a
source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
– The regional
analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive
primary research (through interviews, surveys, and observations of
seasoned analysts) and secondary research (which entails reputable
paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative
assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value
chain.
A separate analysis of prevailing trends in the
parent market, macro- and micro-economic indicators, and regulations
and mandates is included under the purview of the study. By doing so,
the report projects the attractiveness of each major segment over the
forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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