Market Research Report
Global Advanced Driver Assistance System (ADAS) Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||869638|
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|Global Advanced Driver Assistance System (ADAS) Market 2019-2025|
|Published: June 4, 2019||Content info:||
Global Advanced Driver Assistance System (ADAS) Market Size, Share & Trends Analysis Report by Type (Adaptive Cruise Control, Blind Spot Detection System, Park Assist, Lane Departure Warning), and Forecast, 2019-2025.
The advancement in the automotive safety system has given the rise to advanced driver assistance systems (ADAS) that help the driver in complex traffic situations. Driver assistance systems have set the standard for autonomous and semi-autonomous vehicles. ADAS is intelligent safety systems embedded in vehicles that can improve road safety in terms of crash avoidance. There are various advanced benefits of ADAS which is driving the growth of the market which include adaptive cruise control, adaptive light control, automatic braking, automatic parking, blind spot detection and driver drowsiness detection.
Moreover, cohesive government regulations and policies for driver's safety, and the rise in the adoption of new technology among people is augmenting the growth of the ADAS market globally. ADAS systems are majorly installed in the luxury and premium cars, however, in the future, it will target the economy car segment as well which will accelerate the market growth. Most of the applications of the ADAS are in the development stage, and the applications that are created are available only in luxury cars. Moreover, lack of consumer awareness about ADAS is the factor which is hindering the growth of the market globally. The ADAS market is segmented on the basis of type and technology. Depending on the type, the market is divided into adaptive cruise control, blind spot detection system, park assist, and lane departure warning. Likewise, the technology segment is classified into ultrasonic sensors, image sensors, and laser sensors.
There are various companies involved in the advanced driver assistance market such as Autoliv Inc., Continental AG, Ford Motors Co., General Motors, HELLA GmbH & Co. KGaA, Magna International Inc., Robert Bosch GmbH, Valeo SA, and ZF Friedrichshafen AG. These companies are focused on developing AI management solutions to stay competitive in the market. Geographical expansion, merger & acquisition, finding a new market or innovate in their core competency in order to expand individual market share are the key strategies adopted by major market players.
The market study of the global advance driver assistance market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behaviour and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.
The report is intended for automotive manufacturer, automotive software developer, and investors for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.