Acumen Research and Consulting has announced the addition of the "Advanced Driver Assistance System (ADAS) Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024" report to their offering.
Pune, India -- (SBWIRE) -- 03/03/2019 -- It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Advanced Driver Assistance System (ADAS) Market provides analysis of China market covering the industry trends, recent developments in the market and competitive landscape. Competitive analysis includes competitive information of leading players in China market, their company profiles, product portfolio, capacity, production, and company financials. In addition, report also provides upstream raw material analysis and downstream demand analysis along with the key development trends and sales channel analysis. Research study on Advanced Driver Assistance System (ADAS) Market also discusses the opportunity areas for investors.
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The ADAS is segmented by type and geography. The type segment is classified into system type and sensor type. Further, the system type is sub-segmented into adaptive front lighting system, tire pressure monitoring systems, blind spot detection system, drowsiness monitor system, adaptive cruise control, lane departure warning system, park assistance and others. Also, on the basis of sensor type the market is sub-segmented by image sensor, ultrasonic sensor, radar sensor, infrared (IR) sensor, LASER sensor and LiDAR sensor. Geographically, the market is analyzed into North America, Asia Pacific, Latin America, Europe and Middle East and Africa. Radar sensor is anticipated to lead the ADAS market attributed by the benefits offered by them in several vehicle applications. These sensors are used in emergency braking systems, adaptive cruise control, collision avoidance systems and others. The mentioned technologies are noticing high growth, resulting in boosting the demand for ADAS.
Europe and North America have huge potential for ADAS market attributed to the mandatory implementation of certain features in vehicles by regulatory agencies and stringent safety regulations. The government has mandated the implementation of certain features of ADAS as a default offering by the manufacturers of automobiles to ensure safety of the driver, vehicle, passenger and pedestrian. For instance, the government of North America and Europe has mandated the installation of tire pressure monitoring systems for all passenger cars. Also, New Car Assessment Program by U.S. government has mandated the installation of lane departure warning systems and emergency braking in passenger cars to ensure a five rating. The demand for ADAS is expected to rise in the Asia-Pacific region owing to the technological advancements in automobile industries for instance; Japan, India and China are investigating the advantages for installing tire pressure monitoring technology.
Continental AG, Robert Bosch GmbH, Valeo S.A., Infineon Technologies AG, Delphi Automotive PLC, Autoliv Inc., Mobileye N.V., Denso Corporation, Wabco Holdings Inc., Magna International Inc., General Motors, BMG AG, Ford Motors Co. and Audi AG are some of the key players in ADAS market.
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