Seattle, WA -- (SBWIRE) -- 11/05/2019 -- 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.
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ADAS technologies such as night vision, drowsiness monitoring system and road sign recognition systems among others are anticipated to grow considerably over the forecast period. Tire pressure monitoring system also expected to have significant penetration in the overall market owing to their low prices and easy aftermarket availability. Moreover, Adaptive cruise control provides much better driver safety and helps to avoid fatal road accidents, thus the demand for these systems is expected to witness high growth by 2022.
The sensor components accounted for largest market share in 2016. The automotive industry is in process of deploying self-driving vehicles on road, such types of autonomous vehicles require combination of large number of sensors such as cameras, Radar, LiDAR, ultrasonic sensors for performing different operations accurately. Thus, the demand for sensors is anticipated to increase significantly over the forecast period. Among different sensor types Lidar sensors are anticipated to gain high traction by 2022, owing to their crucial function in self-driving cars.
Advanced Driver Assistance Systems (ADAS) Market Leading Manufacturers: ADAS market include Continental, Bosch, Denso, Delphi, TRW Automotive, BMW, Mobileye, Hitachi Automotive, Valeo, Magna International, and others.
The global ADAS market research report assesses market demand and scenario over the period from 2015 to 2022. The report highlights the historic trends between 2015 and 2017 and the 2019 to 2022 market forecast. The report studies both at global and country level the current status and future market prospects. The global ADAS market is segmented by sensors, system, component, vehicle type, and geography.
The report also throws light on various aspects of the global ADAS industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the UK travel insurance industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
Advanced Driver Assistance Systems (ADAS) market report 2018 has detailed information on the present situation of market. It offers key statistics information on the market situation of prominent players. It also provides beneficial source of advice and guidance for Advanced Driver Assistance Systems (ADAS) market companies and person involved in the industry. To the start of this report, it encompasses a basic outlook of the industry containing its introduction, applications, and technology. It involves marketing strategy implemented by key players in this market.
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