SELBYVILLE, Del., July 11, 2019 /PRNewswire/ -- The advanced
driver assistance system market is poised to hike from around
$32.5 billion in 2018 to over
$74 billion by 2025, according to a
2019 Global Market Insights, Inc. report. Increasing road safety
concerns along with favourable government regulations supporting
the installation of safety equipment in vehicles are driving the
market growth over the projected timeframe.
Rising prominence of active safety technologies and safety
assessment agencies is positively influencing the (ADAS) advanced
driver assistance system market share. Increasing disposable income
is prominently contributing towards proliferating vehicle sales and
road traffic, thereby enhancing the probability of accidents,
property loss, and fatalities. ADAS units focuses on crash
avoidance and injury prevention to address safety of vehicle
occupants and pedestrians, thereby escalating industry growth.
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Technological advancements in sensors, mapping, processors, and
software algorithms are significantly improving the operating
efficiency of driver assistive systems. Processors are enabled with
multicore architectures and higher frequencies to reduce processing
complexities and power consumption requirements. Optical sensors
offering higher reliability and immediate information transfer to
software are gaining higher visibility in the advanced driver
assistance system market.
Park assist segment will account for a significant share in the
(ADAS) advanced driver assistance system market owing to rising
concerns while parking and damages due to human error. Availability
of parking sensors at lower cost and ease of retro fitment for
vehicles will fuel the segment growth. The vehicle manufacturers
are incorporating this technology for ease in parking.
Image sensor will witness substantial growth in the business
owing to its usage in autonomous park assists, night vision, blind
spot detection, and surround view system. The sensor manufacturers
are investing in R&D to enhance the image resolution and
introducing new platforms in the ADAS market.
Browse key industry insights spread across 420 pages with 516
market data tables & 15 figures & charts from the report,
"Advanced Driver Assistance System (ADAS) Market Size By
Technology (Adaptive Cruise Control, Automatic High Beam Control,
Autonomous Park Assist, Blind Spot Detection, Driver Monitoring,
Forward Collision Warning, Front Lighting, AEB, Night Vision, Head
Up Display, Lane Departure Warning, Park Assist, Surround View
System, Traffic Sign Recognition, Tire Pressure Monitoring System),
By Sensor (LiDAR, Infrared, Ultrasonic, RADAR, Image Sensor), By
Vehicle (PCV, LCV, HCV), By Distribution Channel (OEM,
Aftermarket), Industry Analysis Report, Regional Outlook, Growth
Potential, Price Trends, Competitive Market Share & Forecast,
2019 – 2025" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/adas-market
OEM will dominate the advanced driver assistance system market
share owing to the increasing investments for improving safety of
the passengers. Stringent government initiatives mandating the
fitment of such systems along with the availability of warranty
in-case of replacements is supporting the market demand. Auto
makers are offering ADAS units as a standard fitment in their new
vehicle models.
Asia Pacific advanced driver
assistance system market size will grow significantly over the
study timeframe owing to the rising passenger vehicle sales with
the incorporation of the product as standard fitment. The
requirement for improved road safety and control for emissions will
further propel the industry share. Moreover, governments across the
region mandating safety equipment in vehicles are providing a
positive outlook for the regional share expansion. The ADAS sensor
manufacturers are developing innovative solution with country's
road conditions to enhance the ADAS capabilities.
Major participants to advanced driver assistance system (ADAS)
market include Hitachi, Jabil, Bosch GmbH, Continental AG, Intel,
Nvidia Corporation, Hyundai Mobis, TRW Automotive and Autoliv.
Companies are focusing to undergo long term agreements with auto
manufacturers to capture majority of market share.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research
and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our
business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially
designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research
methodology and are available for key industries such as chemicals,
advanced materials, technology, renewable energy and
biotechnology.
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Global Market Insights, Inc.
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Related Images
global-adas-market-to-exceed-74-5.png
Global ADAS Market to exceed $74.5
Bn by 2025
OEM will dominate the (ADAS) advanced driver assistance system
market share owing to the increasing investments for improving
safety of the passengers.
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SOURCE Global Market Insights, Inc.