Published on : Jan 09, 2018
ALBANY, New York, Jan 09, 2018: This report sheds light on the global market landscape of advanced driver assistance systems for the given forecast period of 2017 to 2025. The research report covers the global market for advanced driver assistance systems in terms of the latest trends that are prevailing in the market, driving and impeding factors of the market, and the opportunities that may arise in the market during the course of the forecast period of 2017 to 2025. The research report also offers an in-depth analysis of the present market dynamics and sheds light on the competitive landscape of the global market for advanced driver assistance systems. The study report is the compilation of the information collected through extensive assessment of the market and the data gathered from the professionals in the industry. The research report also offers vital information on the key market players that are currently plying their trade in the global market for advanced driver assistance systems. The report also maps the overall growth prospects of the global market for advanced driver assistance systems over the course of the given forecast period 2017 to 2025.
Advanced driver assistance systems (ADAS) market aids drivers in better controlling the vehicles and cutting down on the number of accidents. The system is created with cameras, sensors, and radars to help the drivers with real time data about the surroundings of the automobile. There are numerous challenges in terms of implementing, deploying, designing, and operating the ADAS system. The system is projected to acquire accurate inputs, precisely estimate the context, and process the information without any delay in terms of propagation and offer it in real time. Growing investment on the activities of research and development for this system is projected to drive the growth of the global market for advanced driver assistance systems over the course of the given forecast period of 2017 to 2026.
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The global market for advanced driver assistance system can be segmented in terms of technology, type of system, and by region. In terms of technology, the global market for advanced driver assistance system can be segmented into image sensors, ultrasonic sensors, infrared sensors, laser sensors, and radar sensors. In ADAS, sensors are needed for monitoring the surrounding of vehicles. They provide an extremely powerful solution for an adaptive cruise control that can help the driver maintain a secure distance at the time of high traffic and quickly respond to any kind of change in traffic situations. The growing demand for radar sensors can be attributed to it wide range of applications in vehicles such as emergency braking system and collision avoidance system among others. Additionally, several types of image sensors such as cross traffic detection, night vision, traffic sign recognition, and headlight control among others are being increasingly adopted in several vehicles which is expected to drive the growth of the market.
In terms of type of system, the global market for advanced driver assistance system can be segmented into adaptive head lamp, blind spot identification system, cross traffic alert, drowsiness monitor system, time pressure monitoring systems, adaptive cruise control, automatic emergency braking, lane departure warning system, and night vison system among others.
The global market can be segmented into key regions such as Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe, with respect to geography.
Some of the big players in the global market include names such as AISIN SEIKI Co.,Ltd, Autoliv Inc., Audi AG, BMW AG, Continental AG, Delphi Automotive PLC, Denso Corporation, Ford Motor Company, General Motors Company, Honda Motor Company, Hyundai Motor Company, Mahindra and Mahindra Ltd, Maruti Suzuki India Limited, MOBILEYE, Panasonic Corporation, Robert Bosch GmbH, and TATA ELXSI among others.
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