Global Advanced Driver Assistance Systems (ADAS) Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate the expansion rate of the Advanced Driver Assistance Systems (ADAS) market supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation for the developing segment among the industry. Advanced Driver Assistance Systems (ADAS) Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Advanced Driver Assistance Systems (ADAS) Market forecast.
The Advanced Driver Assistance Systems (ADAS) Market report discusses
the primary industry growth drivers and challenges that the vendors and the
market as a whole face and provides an overview of the key trends emerging in
the market. It also talks about the market size of different segments and their
growth aspects along with key leading countries in Americas, Asia-Pacific,
Europe, the Middle East, and Africa regions.
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Advanced Driver Assistance Systems (ADAS) Market is
expected to reach USD 67.43 billion by 2025. Advance Driver Assistance Systems
(ADAS) implies a set of systems used in vehicles to offer a comfortable and an
intelligent driving involvement. Rise in demand for progressive system as night
vision, road sign recognition, drowsiness system is projected to influence the
overall manufacturing in the forecast period. The Advanced Driver Assistance
Systems market size is expected to grow at a 19.0% CAGR in the upcoming period
as the scope, product types, and its applications are increasing across the
globe.
The demand for old-style ADAS system as autonomous
emergency braking, adaptive cruise control system is projected to develop
exponentially due to stringent rules to improve road safety and decrease in
road accidents. In addition, the factors propelling the market include
impending need for comfort, growing focus on consumer safety, and increase in
governments’ rules that ensure the security of the ADAS market development. On
the other hand, the lack of consciousness among medium and low-end customers,
high cost of installation concerning the functionality and importance of these
organizations in improving driver safety could restrain the Advanced Driver
Assistance Systems (ADAS) development of late.
Advanced Driver Assistance Systems (ADAS) Market size may
be explored by solution type, component type, interior design, and geography.
Advanced Driver Assistance Systems (ADAS) may be explored by solution type as
Autonomous Emergency Braking, Park assistance, Adaptive Front Lights, Blind
Spot Detection System, Adaptive Cruise Control, Tire Pressure Monitoring
System, Lane Departure Warning System, Others.
The Tire Pressure Monitoring System segment is estimated
to rule the Advanced Driver Assistance Systems market in 2018; due to its low
cost, which permits aftermarket acceptance by medium and small car owners.
Furthermore, Tire Pressure Monitoring system is followed by adaptive cruise
control and anticipated to grow at a highest CAGR of 19.0% over the forthcoming
period, due to stringent government rules for required fixture in cars
manufactured in Europe and U.S.
Advanced Driver Assistance Systems (ADAS) may be explored
by component type as Sensors, (Radar, Ultrasonic, LiDAR, Others), Processor,
Software, Others. ADAS relies on sensors and their accuracy. Numerous sensors
as LIDAR, RADAR, ultrasonic, and camera sensors operate together in direction
to achieve desired assistance and safety function. Among various sensor
categories, Lidar sensors are anticipated to increase high traction due to its
crucial position in mechanization of vehicles.
In addition, the ADAS processors are expected to witness
high development over the forecast period. The development can be ascribed to
the composite procedures of the ADAS functionality. Corporations such as Intel
company are working on the ECU alliance in order to lessen the amount of ECU
mainly used for each purpose distinctly. Advanced Driver Assistance Systems
(ADAS) may be explored by Interior design as Commercial vehicle, Passenger car,
Heavy commercial vehicle, Light commercial vehicle.
North America has been at the forefront with regards to
Advanced Driver Assistance Systems (ADAS) Market share and will continue to
rule the roost in the years to come. North America ruled the overall advanced
driver assistance system with 34% share in 2016; followed by Asia-Pacific.
In addition, increase in demand for progressive driver
protection organizations in the developing countries as India due to high rate
of road accidents and growing sales of high-end cars would drive the APAC’s
Advanced Driver Assistance Systems market in the years to come. European region
is anticipated to observe small fall in share, due to marketplace saturation
with the existing Advanced Driver Assistance systems functionalities.
Some of the key players that fuel the growth of the
Advanced Driver Assistance Systems (ADAS) Industry size include Renesas
Electronics Corporation, Magna International Inc., Autoliv Inc., Robert Bosch
GmbH, Texas Instruments, Valeo, Denso Corporation, Panasonic Corporation, NXP
Semiconductor, and Continental AG. The key players are focusing on inorganic
growth to sustain themselves amidst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
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