Global Advanced Driver Assistance System Industry is segmented based on adaptive cruise control, adaptive front lights, intelligent park assist, pedestrian protection, blind spot detection, drowsiness monitor, head up display, and others. according to the report. Advanced Driver Assistance System Global market report offers an in-depth Advanced Driver Assistance System market driver, restraints, application, technologies, historical and forecast analysis, with opportunities, threats, and challenge.
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Leading players in the Global Advanced Driver Assistance System (ADAS) Market include:
Panasonic Corporation, Valeo, Continental AG, Magna International Inc, HELLA KGaA Hueck & Co., Hitachi Ltd,. ZF Friedrichshafen AG, Robert Bosch Automotive Steering GmbH, Delphi Automotive LLP, DENSO CORPORATION.
Market Research Future published research report on global ADAS Market. As per MRFR analysis, the global Advanced Driver Assistance market was valued at USD 9.153 million in 2016 which is expected to reach USD 21.921 million by 2023 with a CAGR of 12.24%. Advanced driver assistance systems are also gaining traction of the market due to enhanced driving experience. Additionally, it offers different features such as automated lighting, automatic brake, incorporates traffic warnings, adaptive cruise control, connection with smartphones, danger alert, etc. These are projected to favor the proliferation of the ADAS market over 2023. Other factors responsible for the growth of the advanced driver assistance system market include mandating enforcements by governments, booming automotive sector, increasing disposable income, etc.
The major factor that drives the growth of driver assistance system market is growing demand for new and improved technologies for providing safety features in automobile, increasing purchasing power of buyers, and government initiatives of mandating regulations over usage of driver assistance system into automobiles among others. The Advanced Driver Assistance Systems market is completely dependent on the automotive industry. Thus the increasing or decreasing demand of the automotive industry directly has an impact on the adaptive front light systems market.
Advanced Driver Assistance System (ADAS) Market Segmentation:
The scope of ADAS global market is segmented into three major segments which are explained below:
By technology, the advanced driver assistance systems market has been segmented into adaptive cruise control, adaptive front lights, intelligent park assist, pedestrian protection, blind spot detection, drowsiness monitor, head up display, and others.
By vehicle type, the global advanced driver assistance systems market is segmented into passenger vehicle and commercial vehicle.
By radar type, the advanced driver assistance systems market has been segmented into radar sensor, lidar sensor, camera sensor, and ultrasonic sensor.
Advanced Driver Assistance System (ADAS) Market Regional Analysis:
The market for advanced driver assistance systems is expected to grow in the North American region with an increase in demand for automobiles, majorly in the United States. Existence of major manufacturers in this region combined with availability of sophisticated technologies enables the advanced driver assistance systems market to flourish. In the European region, the commercial vehicles are expected to grow with a CAGR of 10.58%, owing to the growth in the home delivery sector. For the safe distribution of goods and efficient city transportation, original equipment manufacturers in the European region are focusing on the advanced safety features for these vehicles, which will be a major driver for market growth in the region.
The U.K, Germany, and France account for a majority of the market share of advanced driver assistance systems in this region. The growth of the Asia-Pacific region can be attributed to the increase in adoption of passenger cars and therefore, the increase in adoption of ADAS in the passenger cars. The recent shift in the preference from mileage to vehicle looks and features is also expected to result in the high demand for advanced driver assistance systems. The global advanced driver assistance systems market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector.
Advanced Driver Assistance System (ADAS) Market Report Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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