Industry Snapshot with Impating factors
Surge in Safety Concerns among People.The demand for advanced driver assistance systems in vehicles has increased at a significant pace over the recent years, and is expected to maintain this trend during the forecast period. This is attributed to growth in safety concerns, as the number of road accidents is a constant rise, especially in developing countries. The adoption of advanced driver assistance systems applications, such as adaptive cruise control, blind spot detection system, lane departure warning system, and night vision are leading to reduction in number of accidents. It has been projected that the number of road accidents would increase in developing countries, thereby leading to market growth in terms of revenue.
Technological Advancements in Multifunctional System. The multifunctional feature of sensors such as RADAR, LiDAR, ultrasonic, and more is expected to drive the advanced driver assistance systems market. The applications of advanced driver assistance systems are expected to increase considerably by 2020, owing to the rapid growth of the manufacturing sector.
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Rising level of technological innovation as well as growing initiatives towards vehicle automation and self-driving cars has raised the demand for driver safety and assistance systems over the past decade. For instance, European Union has mandated the automotive manufacturers to fit ADAS systems such as lane departure warning systems (LDWS) and autonomous emergency braking systems (AEBS) in all heavy commercial vehicles weighing over 7,000 Kilograms.
Industry Key Player’s
- Continental Ag
- Delphi Automotive PLC
- Robert Bosch Gmbh
- Aisin Seiki Co. Ltd.
- Autoliv Inc
- Denso Corporation
- Magna International
- Trw Automotive Holdings Corp.
- Hella Kgaa Hueck & Co.
- Ficosa International S.A.
- Mobileye NV
- Mando Corp.
- Texas Instruments Inc.
- Tass International
Advance Driver Assistance Systems Market (ADAS Market) is a set of systems used in vehicles to provide an intelligent and comfortable driving experience. The global advanced driver assistance systems market includes all the sensors utilized in applications such as adaptive cruise control, lane departure warning system, park assist, blind spot detection system, adaptive front lighting system, and others. The research provides details about the manufacturing technologies used for advance driver assistance systems market, applications, and the companies operating worldwide along with their key strategies. Components, such as processor, power, memory, linear, ASIC, and others, have been excluded from the scope of this report.
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Increased focus on consumer safety, impending need for comfort, and rise in government regulations that ensure safety boost the market growth. However, factors such as pricing pressure, inflation, and complexity & difficulty in testing systems hamper growth of this industry. Increased electronic content and electronic integration, and deployment of ADAS in low-cost cars are major trends reported in this market.
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Adaptive Cruise Control (ACC)
- Lane Departure Warning (LDW) System
- Park Assist
- Blind Spot Detection
By Application, the market can be split into
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
By Regions, this report covers (we can add the regions/countries as you want)
- North America
- Southeast Asia
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