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(IT-NEWSWIRE.COM, September 06, 2019 ) Market Overview
• Advanced driver-assistance systems (ADAS) are electronic frameworks that guide a vehicle driver while driving. At the point when structured with a safe human-machine interface, they are expected to build vehicle safety and generally road security. Most road accidents occur because of human blunders. Advanced driver-assistance systems are frameworks created to robotize, adjust and upgrade vehicle systems for wellbeing and better driving. An increasing number of modern vehicles have advanced driver-assistance systems in recent times globally. The automated system which is given by ADAS to the vehicle is demonstrated to lessen street fatalities, by limiting the human errors.
Market Dynamics
• Expanding technological innovations coupled with increasing initiatives towards vehicle automation and self-driving cars, growing adoption of ADAS in small cars and increasing government initiatives for mandating driver assistance system in order to lower road accidents are the crucial factors for the growth of the market. Growing investment in research & development for commercialization of these cars would provide growth opportunities. The future of autonomous vehicle industry is driven by decreasing cost of operation and the increased safety and reliability provided by such vehicles.
• Compact vehicles are now the fastest-growing segment in the automobile market, and the expansion is likely to maintain its momentum in the near future owing to the downsizing trend sweeping the industry. The compact segment will be the growth engine for the Chinese auto market for the next two to five years, as a result of Chinese customers looking for easier mobility solutions.
• Lack of infrastructure in developing countries is one of the major constraints for the growth of the market. For the effective functioning of ADAS require advanced infrastructure facilitates such as well-organized roads, lane marking, and availability of GPS. For highways, information such as a lane change, object detection, distance between vehicles, traffic, and services such as navigation and connectivity are very important for vehicles equipped with ADAS.
Market Segmentation
• Based on type, the global market for advance driver assistance system is broadly segmented as adaptive cruise control, blind spot detection, collision avoidance systems, tire pressure monitoring, automatic emergency braking, and others.
• On the basis of the value chain, the market is classified into sensors, software algorithm and ecu/dcu technologies and actuator technologies. Sensors segment is further classified into camera, short/medium distance radar, long-distance radar, lidar, and ultrasound. The market revenue for global ADAS with respect to Sensor was $ 11.44billion in 2018 and is anticipated to see an upsurge during the forecast period. The market will reach US$ XX billion by 2026 growing at a CAGR of XX% between 2018 to 2026. It is expected to be the largest segment in the forecast period.
• Sub segment Camera grabs the largest share in Sensors segment with 37% in 2018. In the advanced driving support system (ADAS), the camera is an important device that supports various functions, including parking assistance by assisting the driver's visibility and monitoring the rear image. In 2013 to 2018, the in-vehicle camera plays an important role, because of various functions such as LCW (white line detection function), TSR (traffic sign recognition), and CA (collision avoidance brake). In recent years, due to technological innovation related to Image Recognition, it has come to play a sensor function for directly controlling automobiles as well as visual assistance.
• Depending on vehicle type, the market is further categorized into passenger cars, light commercial vehicles, buses, and trucks. Passenger Cars ADAS market has reached $ 16.59 billion in 2018 and is expected to reach $XX billion by 2026 with a CAGR of 12.95% during the forecast period 2018 to 2026. It is expected to hold the highest market share during the forecast period. The increase in the production of passenger cars will drive the global advance driving assistance system market. For instance, in 2017 global production for passenger vehicle 7.3 billion and has grown at the rate of 1.5%. The increasing government initiatives for mandatory driver assistance system to lower road accidents is expected to increase the market growth. Deployment of the Tire Pressure Monitoring System (TPMS) in passenger vehicles in 2014 has grown the demand for ADAS in Europe Around 88.35 million automotive safety sensors for driver assistance systems were shipped worldwide in 2014, with radar sensors leading the market for its wide range of applications in automotive.
Geographical Analysis
• The global Advance Driver Assistance System Market is segmented into
• North America,
• Europe,
• Asia Pacific,
• South America
• Middle East
• & Africa.
Company Profiles
Some of key market players are
• Autoliv Inc.,
• Continental AG,
• Delphi Automotive PLC,
• Others
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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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