Advanced Driver Assistance System Market to cross $74.5 Mn by 2025 - PowerPoint PPT Presentation

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Advanced Driver Assistance System Market to cross $74.5 Mn by 2025

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More Information @ Advanced Driver Assistance System Market size is set to exceed USD 74.5 billion by 2025; according to a new research report by Global Market Insights, Inc.Increasing road safety concerns along with favorable government regulations supporting the installation of safety equipment in vehicles are driving the ADAS market growth over the projected timeframe. – PowerPoint PPT presentation

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Title: Advanced Driver Assistance System Market to cross $74.5 Mn by 2025


1
Advanced Driver Assistance System Market to cross
74.5 Mn by 2025 Global Market Insights Inc.
2
Industry Overview
  • Advanced Driver Assistance System Market to
    surpass USD 74.5 million by 2025 Increasing road
    safety concerns along with favorable government
    regulations supporting the installation of safety
    equipment in vehicles are driving the ADAS market
    growth over the projected timeframe. For
    instance, in 2015, the European Union mandated
    the installation of autonomous emergency braking
    system and lane departure warning system for all
    heavy commercial vehicles. Ongoing innovations
    along with rising investments from manufacturers
    for enhancing system efficiency and production
    levels to obtain economies of scale, thereby
    resulting in lower cost systems for budget cars.
  • Park assist segment will account for a
    significant share in the ADAS market owing to
    rising concerns while parking and damages due to
    human error. Availability of parking sensors at
    lower cost and ease of retro fitment for vehicles
    will fuel the segment growth. The vehicle
    manufacturers are incorporating this technology
    for ease in parking. For instance, in April 2019,
    Groupe Renault announced that all new Clio
    incorporated with easy park assist and 360
    camera that guides the driver with a view from
    above to detect any obstacles around the vehicles.

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Continue
  • Image sensor will witness substantial growth in
    the business owing to its usage in autonomous
    park assists, night vision, blind spot detection,
    and surround view system. The sensor
    manufacturers are investing in RD to enhance the
    image resolution and introducing new platforms in
    the industry. For instance, in January 2018, ON
    Semiconductor launched high resolution image
    sensors scaling from 8.3 MP with low light
    performance from 4.2 µm pixels. Additionally,
    higher luxury cars demand with such installed
    systems will further boost the industry revenue.
  • Passenger cars accounted for the highest revenue
    share in the advanced ADAS market and is
    predicted to continue its dominance over the
    projected timeframe owing to rising production
    across the globe.
  • OEM will dominate the (ADAS) advanced driver
    assistance systems market share owing to the
    increasing investments for improving safety of
    the passengers. Stringent government initiatives
    mandating the fitment of such systems along with
    the availability of warranty in-case of
    replacements is supporting the market demand.
    Auto makers are offering ADAS units as a standard
    fitment in their new vehicle models.

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Browse Full Market Research Report Of Advanced
Driver Assistance System Market _at_
http//bit.ly/2GjW5Kq Request for a Sample
of this Research report _at_ http//bit.ly/2xXyGd6
5
U.S. Advanced Driver Assistance System (ADAS)
Market, By Vehicle, 2018 2025, (USD Million)

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Industry Coverage

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Continue
  • OEM dominates the advanced driver assistance
    system market share and is anticipated to
    continue their dominance over the forecast
    timeframe with its implementation by automobile
    manufacturers. Rising preference for safety
    systems among manufacturers to improve brand
    identity and ensure vehicle safety will support
    the system demand. OEMs are focused on strategic
    partnerships and collaborations with technology
    providers including sensors and other
    semiconductor suppliers for increasing their
    market share.
  • Europe ADAS market will account for a significant
    volume share owing to the supporting initiatives
    including EuroNCAP, promoting the fitment of
    active safety features in vehicles. The mandatory
    fitment of multiple ADAS technologies in vehicles
    will support industry expansion over the forecast
    timeframe. Additionally, government initiatives
    to spread awareness regarding ADAS will escalate
    the industry size.
  • The key market participants in advanced driver
    assistance system market includes Autoliv,
    Continental AG, Texas Instruments, Magna
    International, and TRW Automotive. Other notable
    industry participants are Aisin Seiki Co.,
    Delphi, NVIDIA Corporation, NXP Semiconductor
    Inc, Harman International, Denso Corporation, and
    Hyundai Mobis.

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