ADAS are systems that support, complement or substitute the driver of a vehicle. These systems help drivers to avoid collisions and accidents
New York, NY -- (SBWIRE) -- 06/19/2019 -- The latest market evaluation report on the Advanced Driver Assistance System ADAS market explores how the Advanced Driver Assistance System ADAS market will continue to expand for the forecast period (2018 – 2023). The study further serves as a unique research for stakeholders, product owners, and field marketing executives looking for actionable data and unique resource on market size, share, and growth. The market intelligence report gives business evangelists an authority to review the major trends, opportunities, and challenges expected to shape the future of the industry during the estimated period
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Based on components, the market is classified into adaptive cruise control (ACC), parking assistance (PA), lane departure warning (LDW), tire pressure monitoring (TPM), blind spot detection (BSD), autonomous emergency braking (AEB) and others (adaptive front lighting, drowsiness monitor, forward collision warning, head-up display and driver monitoring systems).
The key competitors in the global ADAS market are Continental AG, Autoliv Inc., Delphi Technologies, Denso Corporation, Bosch, Mobileye and others.
The global ADAS market is expected to reach USD 31.95 Bn by 2023 with a CAGR of 21.1% during 2018-2023.
Advanced Driver Assistance System ADAS Market Overview:
The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.
Key growth factors:
The increasing government initiatives for mandating driver assistance system in order to lower road accidents are expected to proliferate market growth. Higher adoption of these systems in small cars is anticipated to further boost the market demand. Rising levels of technological innovation as well as growing initiatives towards vehicle automation and self-drive cars have raised the demand for the safety of the driver and assistance systems over the past decade. The adoption of ADAS applications such as ACC, BSD, LDW and night vision are leading to reduction in the number of accidents
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Dealing with the competition and competitors
Subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their cost and promise great returns or profits. Strong emphasis on new launches, acquisition and mergers, collaboration, import and export status and supply chain management empowers the business evangelists, manufacturers and business owners build a robust strategy when it comes to making an investment.
On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Advanced Driver Assistance System ADAS industry for the forecast period 2019-2026?
- What are the major driving forces expected to impact the development of the Advanced Driver Assistance System ADAS market across different regions?
- Who are the major driving forces expected to decide the fate of the industry worldwide?
- Who are the prominent market players making a mark in the Advanced Driver Assistance System ADAS market with their winning strategies?
- Which industry trends are likely to shape the future of the industry during the forecast period 2019-2026?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Advanced Driver Assistance System ADAS market?
Table of Contents:
Chapter 1: Executive summary
1.1 Market scope and segmentation
1.2 Key questions answered in this study
1.3 Executive summary - global
1.4 Executive summary - North America
1.5 Executive summary - Europe
1.6 Executive summary - Asia Pacific
1.7 Executive summary - Latin America
1.8 Executive summary - The Middle East and Africa
Chapter 2: The global ADAS market - market overview
2.1. Global market overview - by revenue
2.2. Global market overview - by region: revenue, CAGR
2.3. Global market overview - drivers, challenges and trends
2.4. Value chain
Chapter 3: Regional market overview
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