GMI Forecast ADAS Market will see gains at over 12% to 2024 - PowerPoint PPT Presentation

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GMI Forecast ADAS Market will see gains at over 12% to 2024

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Title: GMI Forecast ADAS Market will see gains at over 12% to 2024


1
Advanced Driver Assistance Systems Market Report
To 2024
2
Key Insights from ADAS Market
  • Features that include intelligent park assist
    system, blind spot detection, image sensors and
    surround view have significantly contributed
    towards ADAS market growth. Moreover, driver
    assistance for complex and repetitive tasks to
    reduce human errors under complex situations will
    further expand the market share. However,
    operational complexity of these technologies in
    conjunction with and high cost of the systems and
    user awareness are expected to hamper the overall
    industry growth.
  • LiDAR sensors acquired over 20 of the ADAS
    revenue market share in 2017, will witness 12.5
    CAGR over the forecast timeframe. High accuracy,
    fast processing, minimum human dependence,
    weather independence, competitive sensors costs
    are among key properties driving the LiDAR
    demand. Effective prevention from geometrical
    distortions including angular landscape will
    provide positive outlook for LiDAR segment in
    ADAS market size.
  • Based on vehicles, LCV is expected to witness
    highest growth demands through the forecast
    period. Potential ADAS application in commercial
    applications, construction, and military for
    safeguarding humans and goods will propel the
    advanced driver assistance systems (ADAS) market
    demand from LCVs.

3
Continued
  • Growing intercity and intra-city goods
    transportation is likely to influence commercial
    vehicle fleets. Rising passenger cars has surged
    on-road traffic and leading to vehicle accidents
    and crashes. According to National Collision
    Database, Canada, in 2016, the number of vehicle
    accidents rose by 2 as compared to 2015.
    Increasing number of accidents will positively
    influence auto collision repair market size over
    forecast period.
  • New OEMs leads auto collision repair market size
    with high consumer preference owing to quality,
    system compatibility and durability to ensure
    vehicle performance. The original component
    manufacturers are providing warranty and support
    to ensure brand loyalty. Further provision of
    benefits including reliability and better output
    will further escalate the segment revenue.
  • Independent repair shops will witness steady
    growth with facilities offering economical
    repairing services. The large fleet owners prefer
    independent service shops owing to low servicing
    cost as compared to dealer owned shops.

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/reque
st-sample/detail/2461
5
U.S. Advanced Driver Assistance System Market, By
Sensor, 2017 2024 (USD Million)

6
Major Companies in ADAS Market
  • Continental AG
  • Robert Bosch
  • Autoliv
  • Magna International
  • Texas Instruments
  • TRW Automotive
  • Delphi
  • NXP Semiconductor Inc
  • Aisin Seiki Co.
  • Denso Corporation, Harman International

7
Industry Coverage

8
Regional Insights in ADAS Market
  • Asia Pacific ADAS market is expected to witness
    highest growth through the forecast period.
    Initiatives emphasizing on the utilization of
    Artificial Intelligence (AI), collaboration for
    the development of ADAS, improved sensing
    systems, and faster information processing
    capabilities are expected to be among the major
    factor projected to offer strong growth platform.
    For instance, in June 2018, Toyota Motor
    Corporation invested USD 1 billion to gain access
    on the driving patterns of the users in South
    East Asia. Moreover, requirement of the ADAS for
    automation technologies, the industry is expected
    to witness exponential growth over the forecast
    period.

9
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