Driver Assistance System Market Overview:
The key factors that drive the expansion of driver assistance system market is the increasing demand for improved and new technologies for offering safety features in automobile, the rising purchasing power of consumers, and the government initiatives of mandating norms over usage of driver assistance system in automobiles.
The progressive Driver Assistance System Marketis completely dependent on the automotive sector. Thus, the decreasing or increasing demand of the automotive sector directly has an influence on the driver assistance systems market. The worldwide advanced driver assistance system market is expected to record a CAGR of 13.6% over the forecast period.
Major Key Players:
Global ADAS market is dominated by key players such as Delphi Automotive LLP, Robert Bosch Automotive Steering GmbH, Panasonic Corporation, DENSO CORPORATION, Continental AG, Valeo, HELLA KGaA Hueck & Co, Magna International Inc, ZF Friedrichshafen AG, and Hitachi Ltd.
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The worldwide advanced driver assistance system market is segmented based on vehicle type, technology, region, and sensor type. Based on vehicle type, the global advanced driver assistance system market is segmented into commercial vehicle and passenger vehicle. The passenger vehicle segment is anticipated to be dominant over the review period. With the surge in income levels, the passenger vehicle has observed a substantial boost in sales and production, which resulted in several developments of the progressive driver assistance systems. Also, the growing need for passenger’s comfort, rapid urbanization, developing economies, and changing lifestyle and preferences has resulted in the expansion of the market in passenger vehicles. Hence, the market is likely to drive the demand for ADAS system in vehicles.
Based on technology, the market is segmented into adaptive front-lighting system, adaptive cruise control, pedestrian protection, intelligent park assist, drowsiness monitor, a head-up display, blind-spot detection, and others. The adaptive cruise control is one of the primary features of the vehicle, which is a discretionary control system that facilitates the vehicle to automatically adjust its speed, to continue maintaining a safe distance from other vehicles hitting the road.
Consequently, the adaptive cruise control segment is anticipated to develop at a substantial rate over the assessment period. Based on sensor type, the worldwide advanced driver assistance system market is segmented into lidar, radar, ultrasonic sensor, and camera. The radar sensor segment is estimated to be dominant over the review period. The radar sensor is a technology that applies radio waves to locate the angle, velocity, or range, of objects around the vehicle. Radar sensors are rapidly being used in advanced driver assistance systems. Hence, the radar sensor market is anticipated to register considerable expansion over the forecast period.
During 2018, the worldwide advanced driver assistance system market was dominated by North America, followed by Europe and Asia-Pacific. The Asia-Pacific region is expected to observe the highest growth over the review period in the global market, due to the large automobile base in nations such as Japan, India, and China. The development of the Asia-Pacific region can be attributed to the surge in adoption of passenger cars and hence, the spur in adoption of ADAS in passenger vehicles.
The current shift in the inclination from mileage to vehicle features and looks is also likely to stimulate the demand for advanced driver assistance systems. The worldwide advanced driver assistance systems market is also estimated to expand over the review period due to the rising population, aggressive growth of the manufacturing sector, and rapid industrialization. The market for advanced driver assistance systems is estimated to expand in the North American region with an upsurge in demand for automobiles, primarily in the US. Prevalence of key manufacturers in this region along with the availability of sophisticated technologies facilitates the advanced driver assistance systems market to thrive in this region.
Table of Content:
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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List of Table
Table 1 Market Factor Analysis
Table 2 Global Driver Assistance System Market, Y-O-Y Growth Projections 2016-2027, ($ Billion)
Table 3 Global Driver Assistance System Market, By Types 2016-2027, ($ Million)
Table 4 Acc Driver Assistance System Market, By Region 2016-2027, ($ Million)
Table 5 Ldws Driver Assistance System Market, By Region 2016-2027, ($ Million)
List of Figure
Figure 1 Research Process
Figure 2 Driver Assistance System Market Forecast Indicators
Figure 3 Driver Assistance System Market Growth Drivers
Figure 4 Driver Assistance System: Value Chain Analysis
Figure 5 Driver Assistance System: Porter’s Five Forces Analysis
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