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Commercial Vehicle Advance Driver Assistance Systems Market: Emergence of Truck Platooning to Drive Market Growth

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Published on : Aug 29, 2016

ALBANY, New York, August 29, 2016: ResearchMoz.us has added a new report, titled “Global Commercial Vehicle Advance Driver Assistance Systems Market 2016-2020,” to its offering. The report offers a comprehensive understanding of the market. It covers areas including automotive components, auto accessories, automotive electronics, automotive services, wheels and tires, automotive manufacturing, and powertrain. The key opportunities and threats in the commercial vehicle advance driver assistance systems market have also been detailed in this study. The report also presents highlights of the key players along with their key products and latest introductions in the market. 

The first section of the report talks about the value chain analysis, the current and predicted size of the market, and its regulatory framework. The global commercial vehicle advance driver assistance systems market is poised to rise at a 14.0% CAGR between 2016 and 2020. Advanced driver assistance systems (ADAS) are utilized to adapt, improve, and automate vehicle systems for enhancing the experience and safety of drivers. They include technologies that are used to alert drivers to prevent collisions by the implementation of vehicle controls and safeguards. The adaptive features utilized in these systems are cruise control, GPS and traffic warnings, automated lighting, mechanized braking, and smartphone connectivity. 

Moving further, the segmentation of the market has been presented. In terms of type, the report segments the market into ACC (adaptive cruise control), BSD (blind spot detection), FCW (forward collision warning), LDWS (lane departure warning system), PAS (park assist system), and TPMS (tire pressure monitoring system). Of these, the TPMS segment led the market and represented a share of approximately 30% in 2015. A number of nations worldwide are introducing new regulatory standards in order to make TPMS integration mandatory in all commercial vehicles. Accurately inflated tires are less susceptible to accidents and exhibit high fuel efficiency, thus fuelling the growth of the segment of TPMS. 

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Geographically, the report categorizes the market into Asia Pacific, the Americas, and Europe, the Middle East, and Africa. (EMEA). Of these, the Americas held a dominant share of approximately 48% in the market in 2015. This is due to the emergence of new regulations in the U.S., making the integration of driver assistance technologies compulsory.

In the following section of the study, the prime dynamics impacting the development of the commercial vehicle advance driver assistance systems market have been presented. The integration of ADAS systems in vehicles helps in controlling the consumption of fuel and increase the overall efficiency of vehicles. This factor will drive the growth of the overall market. In addition, the advent of connected truck technologies and the emergence of truck platooning will provide impetus to the growth of this market. On the other hand, the negative impact of regulations may impede the development of the market in forthcoming years. 

Moving further, the report provides insights into the vendor landscape of the market. The prominent vendors in the global commercial vehicle advance driver assistance systems market are Continental, Bosch, Delphi, WABCO Vehicle Control Systems, Denso, Ficosa International, Ford Motor, and GENTEX, among others.

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