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Advanced Driver Assistance System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2028

  • Report ID : 100343
  • Category : Technology and Communication
  • Pages : -----
  • Reporting status : Published Jan, 19
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Advanced driver assistance system (ADAS) is proactively outline and created via car industry to bring advantages of wellbeing, movement control and eventually upgrading driving knowledge. Innovation has turned out to be one of the fundamental requirements of premium and extravagance auto purchasers, particularly with regards to wellbeing. Different headway in security highlights has been planned and created via car industry players, for example, propelled driver help frameworks (ADAS). The primary use of ADAS is deterrent identification and dodging impact. ADAS is the arrangement of frameworks includes electronic gadgets, gear, radar camera and sensors. A standout amongst the most mainstream highlight of ADAS is voyage control.

The market for advanced driver assistance system is driven by increasing concerns & regulations by government regarding to safety of vehicles. Also, the upsurge in demand for premium vehicles drives the market. However, the market for ADAS is hampered by its expensive & complex features. The market for ADAS has tremendous growth opportunity following the increasing development of autonomous cars. Also, less penetrated emerging economies offers growth potential for ADAS market. Nevertheless, the market for ADAS is challenged by security threats and the maintenance of cost and quality.

The advanced driver assistance system market is bifurcated on the basis of sensor technology, vehicle type, and regions. Based on sensor technology, the market for advanced driver assistance system can be bifurcated into radar, lidar, infrared, ultrasonic, camera, and others. The radar sensor segment accounted for the largest share for ADAS market. Commercial and passenger vehicles are the segmentation for advanced driver assistance system market based on vehicle type. The automotive industry was the biggest revenue generator for advanced driver assistance system market owing to its rapidly growing adoption and the necessity for charging units.

The market for advanced driver assistance system is analyzed based on five regions namely North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America dominated the advanced driver assistance system market in the current year. This growth is mainly due to the U.S. being the second largest automotive manufacturer across the globe. Moreover, the adoption of technology rate is highest in U.S., which supports the ADAS market growth. Asia Pacific is projected to register the highest growth in the ADAS market owing to the ascending adoption rate of active safety regulations.

Some key players in the advanced driver assistance system market include Continental AG, Infineon Technologies AG, Delphi Automotive PLC, Magna International Inc., Delphi Automotive PLC, Mobileye N.V., Denso Corporation, Valeo S.A., Robert Bosch GmbH, and Wabco Holdings Inc. These key players involved in the global advanced driver assistance system market are focusing on key market strategies including mergers and acquisitions with local as well as established players. Moreover, companies are also focusing on collaborating with local players to increase their reach across all geographies and earn huge profits. Partnership with multinational companies to strengthen their market reach and goodwill is also anticipated to be a major market strategy in the global advanced driver assistance system market.

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