Advanced Driver Assistance System
(ADAS) is a set of systems used in vehicles to offer a comfortable and
intelligent driving experience. It includes all sensors used in applications
such as adaptive cruise control, lane departure warning systems, parking assistance;
square peak detection systems and others.
Advanced
Driver Assistance System (ADAS) Market Size
Advanced
Driver Assistance Systems Market Size is valued at US 24,890 million in 2016
and it is projected to reach a value of US 142,049 million, with a growing CAGR
of 20.02 % during the forecast period 2025.
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TOC and other details of 150 pages Advanced
Driver Assistance System (ADAS) Market Research Report @ https://www.researchcosmos.com/reports/advanced-driver-assistance-systems-adas-market/92976301
Growth Opportunities, Challenges and
Restraints of Advanced Driver Assistance Systems (ADAS) Market
It is expected that the growing demand
for these assistance systems in compact cars will be a key factor in the growth
of the market. It is also predicted that demand for these systems will increase
during the forecast period as government regulations increase its compliance
with commercial vehicles. The demand for state-of-the-art systems, such as
drowsiness tracking, night vision and signal recognition systems is expected to
increase over the next seven years, affecting the entire industry. It is
expected that the demand for traditional ADAS systems, such as adaptive cruise
control and autonomous emergency braking systems, will increase exponentially
with government regulations to reduce road accidents and improve road safety.
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The adoption of advanced applications
of the driver assistance system, such as adaptive cruise control, blind spot
detection systems, lane departure warning systems and night vision lead to a
lower number of 'errors It is expected that the ADAS market will grow due to an
increase in traffic accidents in developing countries. The market has a high
potential for growth, but lack of awareness among car hinders the growth of the
market. It is also considered that the high cost of this system, which
ultimately increases the total cost of the vehicle, reduces the likelihood that
the car owner will adopt this system. However, an increase in the number of
autonomous vehicles and an increase in the deployment of advanced driver
assistance devices for low-cost vehicles offer a good opportunity for growth
during the forecast period.
Geographical Insights of Advanced
Driver Assistance Systems (ADAS) Market
The Asia-Pacific is the most
profitable region and is expected to lead the ADAS market in 2025. Increased
purchasing power, strict security standards, the demand for comfortable driving
and the focus Security systems have affected the automobile industry in
Asia-Pacific. As a result, car manufacturers in the region are investing
heavily in R&D to provide innovative capabilities for tracking, warning,
steering and braking to differentiate their competitors' products. Except for
the Asia-Pacific region, North America and Europe should also contribute
significantly to the ADAS global market.
Few of the leading companies
dominating the Market profiled in the report are:
- Samsung
- Hella
- Robert
Bosch
- Nvidia
- Continental
- Intel
- Valeo
- Denso
- Magno
- ZF
Friedrichshafen
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