ADAS Market by System, Component, Vehicle, Offering, EV, and Region 2025

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MarketsandMarkets Presents
ADAS Market by System, Component, Vehicle,
Offering, EV, and Region 2025

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• "ADAS Market by System (ACC, AFL, DMS, NVS, IPA,
  PDS, TJA, FCW, CTA, RSR, LDWS, AEB, BSD),
  Component (Radar, LiDAR, Ultrasonic, and Camera
  Unit), Vehicle (PC, LCV, Buses, Trucks),
  Offering (Hardware, Software), EV, and Region -
  Global Forecast to 2025", The ADAS Market
  (Advanced Driver Assistance System Market) is
  estimated to be USD 24.24 billion in 2018 and is
  projected to reach USD 91.83 billion by 2025, at
  a CAGR of 20.96 during the forecast period.
• The increasing demand for a safe, efficient, and
  convenient driving experience and rising demand
  for luxury vehicles across the globe are the key
  factors driving the growth of the ADAS market.
• The ADAS market has been segmented by system,
  vehicle type, component, EV, offering, and
  region. Road sign recognition (RSR) is projected
  to be the fastest growing segment of the Advanced
  Driver Assistance System Market, by system. The
  growth of RSR can be attributed to increasing
  road infrastructure activity in developed as well
  as developing economies.
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• The ADAS market has been segmented by vehicle
  type into passenger cars, light commercial
  vehicles, buses, and trucks. Passenger car is
  estimated to be the fastest growing segment of
  the Advanced Driver Assistance System Market, by
  vehicle type. The number of passenger cars is
  growing at a significant rate in the emerging
  economies of the Asia Pacific region. The
  increasing demand for passenger cars can be
  attributed to the rise in GDP and population of
  developing countries, improved lifestyle,
  increased purchasing power of consumers, and
  development of infrastructure. ADAS is provided
  as a standard feature in passenger cars in
  several countries to prevent fatalities due to
  accidents. For instance, the European government
  mandated the installment of LDWSs and AEBSs in
  trucks and buses in 2015.
• The Asia Pacific region is estimated to dominate
  the ADAS market, in terms of value, in 2018. The
  rising disposable income levels, increased
  vehicle production in developing countries such
  as India and China, and increase in the number of
  luxury vehicles in countries such as Japan are
  expected to fuel the growth of the Advanced
  Driver Assistance System Market in the Asia
  Pacific region.

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• Government regulations pertaining to vehicle
  safety drives the ADAS market
• Safety features have become an important
  prerequisite for automotive consumers across the
  world. Most of the accidents are caused by driver
  distraction or lack of concentration due to
  drowsiness. The Third Global Status Report on
  Road Safety 2015 estimated the number of road
  traffic deaths per year to be more than 1.2
  million. The OEMs and the government regulatory
  authorities are taking necessary steps to improve
  transportation by addressing major challenges
  such as road accidents, traffic congestion, and
  the cost of transportation. The governments of
  various countries have also made mandates for
  features such as LDW and AEB. Several kinds of
  safety features have therefore been developed to
  assist the driver and lower the number of
  accidents. For example, the Driver Monitoring
  System monitors the driver and alerts or warns
  the driver in case drowsiness and distraction are
  detected.
• The key players in the ADAS market include Robert
  Bosch (US), ZF Friedrichshafen (Germany), Denso
  (Japan), Aptiv (UK), Intel (US), NVIDIA
  (Germany), Continental (Germany), Valeo (France),
  Hella (Germany), Magna (Canada), Samsung (South
  Korea), and Hyundai Mobis (South Korea). These
  players are increasingly undertaking mergers and
  acquisitions, and product launches to develop and
  introduce new technologies and products in the
  market.
• https//www.marketsandmarkets.com/Market-Reports/d
  river-assistance-systems-market-1201.html

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