Advanced Driver Assistance System Industry Statistics, Analysis & Forecast To 2024 - PowerPoint PPT Presentation

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Advanced Driver Assistance System Industry Statistics, Analysis & Forecast To 2024


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: Advanced Driver Assistance System Industry Statistics, Analysis & Forecast To 2024

Advanced Driver Assistance System Industry
Statistics, Analysis Forecast To 2024
Key Insights from ADAS Market
  • ADAS and its role in mitigating distracted
  • With an increasing amount of distractions such as
    cell phones and telematics interface, distracted
    driving has become a profound threat on roads. In
    consequence, automakers are trying to bring more
    safety not only to drivers and passengers but to
    innocent bystanders as well, through the
    expansion of advanced driver assistance systems
    industry. Improved ADAS technologies such as
    adaptive cruise control, lane departure warning
    and automatic braking are becoming more and more
    popular owing to the fact that they are capable
    of kicking in before inattentive drivers can
    cause accidents.
  • Certain advancements in ADAS technologies are
    agile enough to detect drowsiness by sensing a
    head nod and will definitely make future
    automobiles safer. More common ADAS technologies
    like the GPS navigation have made paper maps
    almost obsolete. Their deployment is certain to
    eliminate accidents caused due to distracted
    driving, thereby fueling ADAS industry. The EU
    has also mandated the installation of lane
    departure warning in all heavy trucks further
    indicating that ADAS market trends are here to

  • The impact of technological developments on ADAS
    market outlook
  • One of the major factors that will influence ADAS
    industry growth is the rate at which
    technological advancements are making their foray
    in this business space. In the recent years,
    semiconductor companies and other players in the
    automotive industry have made significant
    enhancements in the ADAS technology. For
    instance, the forward collision warning system is
    being increasingly made mandatory in heavy
    vehicles by regulatory bodies. Studies conducted
    in relation to forward collision and automatic
    braking pointed out that the technology has
    resulted in 14 drop in property damage liability
  • Collision avoidance and collision mitigation
    systems in autobraking have also been gaining
    momentum in the ADAS industry as they have been
    tested to be highly effective under favorable
    conditions. Estimates claim that collision
    avoidance systems helped prevent a collision 60
    of the times while collision mitigation prevented
    mishaps 33 of the times.


Latest Research Report On ADAS Market _at_
eport/adas-market Request for a sample of
this research report _at_ https//
U.S. Advanced Driver Assistance System (ADAS)
Market, By Sensor, 2016 2024, (Thousand Units)

Major Companies in ADAS Market
  • Bosch Group
  • Autoliv AB
  • Delphi automotive
  • Denso
  • Continental Ag
  • Harman International
  • Magna International Inc.

Regional Insights in ADAS Market
  • Considering the costs of ADAS and the fact that
    some of the largest producers of automobiles are
    located in North America, it is presumable that
    the region will emerge as a profitable avenue for
    ADAS market. North America has been projected to
    dominate ADAS industry, accounting for a share of
    34 by 2024. Not to mention, consumer awareness
    has also led to relatively high adoption of ADAS
    technology in this region. Additionally, the
    continent is governed by a stringent regulatory
    framework, that has further augmented the
    regional ADAS industry size.
  • This business vertical however, has also depicted
    commendable expansion across the developing
    nations. For example, Tata Motors has partnered
    with Wabco India to deploy collision mitigation
    system and lane departure warning system in its
    Prima and Sigma Trucks, thus making inroads for
    ADAS market to gain ground in India. Indeed, APAC
    has become an automotive hub owing to excessive
    automobile production in China, Japan, and South
    Korea. Whats more, these regions are now
    depicting enhanced living standards and consumer
    awareness for better road safety, that have
    contributed toward impelling APAC ADAS market

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