The global market is projected to reach $13.4 billion by the end of 2013 and is estimated to grow to $33.6 billion by 2018, growing at CAGR of 20.10% for the same period.
Dallas, TX -- (SBWIRE) -- 11/21/2014 -- The report, "Driver Assistance Systems Market, By Types [Adaptive Cruise Control (ACC), Lane Departure Warning (LDWS), Park Assist, Drowsiness Monitor, Blind Spot Detection (BSD), Night Vision, Tire Pressure Monitoring (TPMS), Adaptive Front Lighting], By Technology [Ultrasonic, Image, RADAR, LIDAR, Infrared (IR)] & Geography: Global Trends and Forecast to 2018" defines and segments the global driver assistance market with analysis and forecasting of the global volume and revenue.
Browse 127 market data tables and 46 figures spread through 357 pages and in-depth TOC on "Driver Assistance Systems Market - Global Trends and Forecast to 2018".
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Europe - a region with maximum business for driver assistance system
Europe and North America are theleading regions for theinvention and implementation of the advanced technologies. These regions not only accept the technologies but also adopt them at a high rate.The driver assistance technologies not only help in meeting the stringent safety and environmental regulations but also aid to the vehicle as well as road safety. There are various automakers such as Audi, BMW, Volkswagen, Volvo, and others have launched their vehicles equipped with various types of driver assistance systems. Due to mandatory application of TPMS in Europe in passenger cars by 2014 and mandatory application of LDWS on HCV by 2015, have increases the demand for driver assistance system in Europe. Safety norms are not only reason for their high growth; growing personal safety concerns are also playing an important role in the demand for driver assistance system in passenger cars.
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Asia-Pacific region to witness highest growth for driver assistance systems
Asia-Pacific is the largest passenger cars manufacturing region in the world, estimated to produce more than 37 million passenger cars in 2013, and growing with a CAGR of 8.56% for the next five years. In terms of driver assistance systems,the region also becomes an important market considering near future growth trends in vehicle demand, improving lifestyle, and changing buyer’s preferences. Driver assistance systems will be in demand because of their importance in the congested traffic of highly populated Asia-Pacific countries. Number of Asian passenger car producers such as, Toyota, Nissan, Honda, Hyundai/Kia, etc., are offering driver assistance systems in their cars. In next few years, many countries such as China, South Korea, Japan, etc. are in a process of making few driver assistance systems mandatory in passenger cars, hence the market is anticipated to grow with a promising growth rate in next five years.
The report also shows an overview of the technical as well as other important aspects of driver assistance system market. It includes an analysis of the value chain, Porters’ five forces analysis, the competitive landscape, and company profiles. In addition to this, 22 key players in the market have also been profiled.
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