Northbrook, IL -- (SBWire) -- 05/28/2019 --The ADAS Market (Advanced Driver Assistance System Market) is estimated to be USD 24.24 billion in 2018 and is projected to reach USD 91.83 billion by 2025, at a CAGR of 20.96% during the forecast period. The increasing demand for a safe, efficient, and convenient driving experience and rising demand for luxury vehicles across the globe are the key factors driving the growth of the ADAS market.
The market is principally driven by the increasing demand for a safe, efficient, and convenient driving experience. The increasing demand for autonomous vehicles has also fueled the ADAS market. Driver errors can be minimized by transforming the vehicle into a self-driving unit as automated driving technology helps to reduce the errors caused by drivers. ADAS would play a crucial role in reducing the number of road accidents and would lead to a safe, productive, and efficient driving experience.
Government regulations pertaining to vehicle safety drives the ADAS market
Safety features have become an important prerequisite for automotive consumers across the world. Most of the accidents are caused by driver distraction or lack of concentration due to drowsiness. The Third Global Status Report on Road Safety 2015 estimated the number of road traffic deaths per year to be more than 1.2 million. The OEMs and government regulatory authorities are taking necessary steps to improve transportation by addressing major challenges such as road accidents, traffic congestion, and the cost of transportation. The governments of various countries have also made mandates for features such as LDW and AEB. Several kinds of safety features have therefore been developed to assist the driver and lower the number of accidents. For example, the Driver Monitoring System monitors the driver and alerts or warns the driver in case drowsiness and distraction are detected.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1201
Target Audience:
Automobile manufacturers
Distributors and suppliers of ADAS
Industry associations and automotive experts
ADAS manufacturers
Automotive component manufacturers
Autonomous vehicle software providers
Electric vehicle manufacturers
Automotive technology providers
Tier 1, Tier 2, and Tier 3 suppliers
Increasing road accidents and rising safety concerns among consumers would be the driving factor for the ADAS market by component.
Camera Unit-
Camera units are used in intelligent park assist, pedestrian detection system, lane departure warning system, blind spot monitoring system, and others. Camera-based systems are commonly deployed in front, side, and rear of a car providing driving as well as parking assistance. The front camera systems are most commonly mounted in a front portion of the car, behind of the rear-view mirror. The rear cameras are mounted in the rear side near to the license number plate, while side cameras are mounted on both sides of the car next to the mirrors.
Lidar sensor-
The Laser Imaging Detection and Ranging (LiDAR) technology use laser beams to detect the distance of the object, by using the same principle as that of RADAR sensors. LiDAR sensors are used in various ADAS systems such as ACC, collision avoidance system, and night vision. LiDAR uses much smaller wavelengths than that of RADAR; hence, it is effective against nonmetallic objects and ones with weaker reflections.
Radar sensor-
A Radar (radio detection and ranging) is a technology that transmits strong radio waves and receives the waves that are reflected from objects. These waves are then used by sensors to calculate the echo time or detect the object. Pulse-doppler radar is the most commonly used variant of radar sensors used in the present ADAS. It functions by sending short pulses of radio energy and concurrently listens for the echo from objects using the same antenna.
Ultrasonic sensor-
The ultrasonic sensors used in ADAS are of a transceiver variety that converts ultrasound waves to electric signals. These sensors produce high-frequency sound waves and evaluate the echo received. They then calculate the time interval between sending the signal and receiving the echo. This information is subsequently used to determine the distance of an object. The ultrasonic sensors primarily used in ADAS are short distance detectors. For a sound pressure wavelength of 40 kHz, the ultrasonic sensor can cover a range of up to 3 meters horizontally. However, they are affected by angular objects and echo cancellation. Nevertheless, they are still effective in all weather conditions. Ultrasonic sensors are widely used in night vision, parking assist, and blind spot detection.
Request for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1201
The key players in the ADAS market include Robert Bosch (US), ZF Friedrichshafen (Germany), Denso (Japan), Aptiv (UK), Intel (US), NVIDIA (Germany), Continental (Germany), Valeo (France), Hella (Germany), Magna (Canada), Samsung (South Korea), and Hyundai Mobis (South Korea). These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in ADAS Market.
ADAS Market by System, Component, EV and Region 2025
ADAS Market by System (ACC, AFL, DMS, NVS, IPA, PDS, TJA, FCW, CTA, RSR, LDWS, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, and Camera Unit), Vehicle (PC, LCV, Buses, & Trucks), Offering (Hardware, Software), EV and Region - Global Forecast to 2025