Automotive ADAS Market in North America to acquire maximum volume share of more than 34% by 2024 - PowerPoint PPT Presentation

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Automotive ADAS Market in North America to acquire maximum volume share of more than 34% by 2024

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More Information @ Rising traffic safety concerns coupled with favourable regulatory norms regarding installation of these systems will primarily drive the industry growth. – PowerPoint PPT presentation

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Title: Automotive ADAS Market in North America to acquire maximum volume share of more than 34% by 2024


1
ADAS Market in Europe to grow at over 14 CAGR
over the next eight years
2
Key Insights from ADAS Market
  • Rising concerns for traffic safety along with
    stringent regulatory norms regarding deployment
    of these systems will primarily drive the growth
    of ADAS market over the forecast timeframe.
    Various developed regions across the globe
    including Europe and North America have mandated
    their installation in vehicles for ensuring
    overall safety, escalating the revenue
    generation.
  • Park assist is likely to dominate the ADAS
    market, exhibiting over 16 volume share till
    2024. These systems have witnessed strong
    prevalence in the industry since past few years.
  • Manufacturers are continuously shifting their
    focus towards usage of image sensors owing to
    their benefits such as high pixel quality. These
    benefits are likely to further strengthen the
    demand from several applications including
    surround view systems, autonomous park assist,
    and blind spot detection.
  • The industry is witnessing regular technological
    advancements, resulting in rising inclination of
    the customers towards these enhanced systems.
    CMOS image sensor is an innovation that has
    gained prominence among the ADAS market players.

3
Continued...
  • ADAS market from image sensors is expected to
    showcase dominance, accounting for over 33
    revenue share over the next eight years. These
    sensors are installed in majority of the
    technologies including surround view, night
    vision, lane departure warning, blind spot
    detection, etc., primarily contributing to the
    revenue generation.
  • PCV will dominate the ADAS market, accounting for
    over 65 volume share by the end of 2024. Rising
    road safety concerns has led to their increased
    installation in these vehicles. Rising demand for
    ADAS installation in vehicles owing to increasing
    concerns regarding driver safety will
    significantly contribute towards the revenue
    generation.
  • ADAS market from OEMs will dominate the industry
    share over the forecast timeframe owing to their
    installation during the production process. The
    OEMs ensure proper maintenance of the product
    safety standards. This results in their high
    preference as compared to the counterpart,
    supporting the industry dominance.

4

Latest Research Report On ADAS Market _at_
https//www.gminsights.com/industry-analysis/adas-
market Request for a sample of this research
report _at_ https//www.gminsights.com/request-sample
/detail/2461
5
U.S. Advanced Driver Assistance System (ADAS)
Market, By Sensor, 2016 2024, (Thousand Units)

6
Major Companies in ADAS Market
  • Denso
  • Delphi Automotive
  • Continental
  • Autoliv
  • Bosch
  • Harman International
  • Mobileye N.V.
  • TRW Automotive
  • Hyundai Mobis

7
Industry Coverage

8
Regional Insights in ADAS Market
  • North America ADAS market is expected to acquire
    maximum volume share of more than 34 over the
    next eight years. Rising number of testing
    procedures for these technologies along with
    established automobile industry in the region
    will primarily contribute to the high revenue
    generation. Higher penetration of ADAS and
    stringent regulatory norms regarding their
    mandatory installation will further support the
    regional dominance.
  • Asia Pacific will grow rapidly, exhibiting over
    14.5 CAGR from 2017 to 2024. Rising traffic
    safety concerns and increasing demand from
    countries including Japan, China, and South Korea
    will further strengthen the industry penetration
    in the region.

9
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