Highway Driving Assist Market worth $10.7 billion by 2027 - PowerPoint PPT Presentation

View by Category
About This Presentation

Highway Driving Assist Market worth $10.7 billion by 2027


Highway Driving Assist Market by Vehicle Type (PC, BEV, HEV, PHEV, FCEV), Component (Radar, Camera, Ultrasonic Sensor, Software Module), Autonomous Level (Level 2, Level 3 & Above), Function (ACC, LKA, LCA, CAA) and Region - Global Forecast to 2027 – PowerPoint PPT presentation

Number of Views:8
Slides: 8
Provided by: pratikd


Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Highway Driving Assist Market worth $10.7 billion by 2027

MarketsandMarkets Presents

Highway Driving Assist Market worth 10.7 billion
by 2027
The report "Highway Driving Assist Market by
Vehicle Type (PC, BEV, HEV, PHEV, FCEV),
Component (Radar, Camera, Ultrasonic Sensor,
Software Module), Autonomous Level (Level 2,
Level 3 Above), Function (ACC, LKA, LCA, CAA)
and Region - Global Forecast to 2027" The highway
driving assist market is projected to reach USD
10.7 billion by 2027 from an estimated USD 1.9
billion in 2019 at a CAGR of 23.9 during the
forecast period The growth of global highway
driving assist market size is influenced by
factors, such as an increase in the penetration
of semi-autonomous vehicles and also provides
safety and relieve from monotonous and unpleasant
driving. Therefore, the highway driving assist
industry is expected to witness a significant
increase in the future. Browse 121 market data
Tables and 52 Figures spread through 179 Pages
and in-depth TOC on "Highway Driving Assist
Market Get The PDF Brochure For This Report _at_
Adaptive Cruise control market is expected to
grow at the highest CAGR. Adaptive cruise control
(ACC) is one of the primary function for highway
driving assist as it automatically controls the
vehicle speed and maintaining a predefined
minimum distance to the preceding vehicle. The
future of ACC would be Cooperative ACC (C-ACC),
which would make use of satellites, mobile
infrastructures or reflectors, and transmitters
on the back of the other vehicles. The factors
positively affecting the growth of adaptive
cruise control are the upgrades in technology and
increasing need for passenger safety. Mid-segment
is expected to grow at the highest
CAGR Mid-segment is increasing at the fastest
rate, especially in Europe and North America.
Favorable government regulations, OEM
initiatives, and infrastructure capabilities will
drive the mid-segment market of North America and
Europe. North America is projected to lead the
premium cars in mid-segment in the highway
driving assist market because of the increasing
demand for safety and security features in
vehicles. BMW Group (Germany), Tesla, Inc. (US),
and Audi AG (Germany) are some of the leading
OEMs in the highway driving assist industry. In
Asia Pacific, mid-segment cars are sold on a
larger-scale as compared to the luxury ones,
where few companies like Volvo, Kia, Volkswagen,
and Hyundai are providing this feature in the
mid-segment. Request for Customization _at_
North America region is expected to lead the
market during the forecast period. North America
is home to many major automobile companies such
as Ford and GM. Increasing demand for safety and
comfort features for premium mid and luxury
vehicles, increase in disposable income,
advancement in technologies for autonomous would
drive the highway driving assist market in the
North American region. North America comprises of
the US, Canada, and Mexico. The US is the
largest market for highway assist system in North
America. In the US, many of the OEMs are working
with Tire 1 and Tier 2 companies to develop
autonomous vehicles. Also, the government is
investing heavily in infrastructure and funding
for startups. The Mexican market for premium mid
and luxury vehicles is limited also the
infrastructure availability is very limited in
the country, which makes it less favorable in
this market. Although big OEMs such as
Volkswagen, Toyota, GM, Nissan, Ford, Daimler,
and BMW offers premium vehicles in the country,
they do not have this feature. It is believed
that Mexicos new trade agreement with the US and
Canada may involve the transfer of AV technology,
although there is room for improvement in
infrastructure. Request for Sample Pages _at_
  • Critical Questions
  • Many companies are operating in the highway
    driving assist market space across the globe. Do
    you know who are the front leaders, and what
    strategies have been adopted by them?
  • Fast-paced developments in highway driving assist
    such as Level 2 and Level 3 above offered by
    leading manufacturers are expected to change the
    dynamics of highway driving assist market. How
    will this transform the overall market?
  • Which leading companies are working on the
    installation of highway driving assist in
    passenger car and what organic and inorganic
    strategies have they adopted?
  • Analysis of your competition that includes major
    players in the highway driving assist ecosystem.
    The major players include Robert Bosch (Germany),
    Magna (Canada), ZF Friedrichshafen (Germany),
    Continental (Germany) and Valeo (France), among
  • Discussion on your clients imperatives based on
    our existing research on highway driving assist
    market and its ecosystems.
  • To speak to our analyst for a discussion on the
    above findings, click Speak to Analyst

About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 5000 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions.   Our 850 fulltime analyst
and SMEs at MarketsandMarkets are tracking
global high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets now coming up
with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations/disruptions early to
the market by providing them research ahead of
the curve.   MarketsandMarketss flagship
competitive intelligence and market research
platform, "RT" connects over 200,000 markets and
entire value chains for deeper understanding of
the unmet insights along with market sizing and
forecasts of niche markets.   
Contact Us
Mr. Shelly Singh MarketsandMarkets INC. 630
Dundee Road Suite 430 Northbrook, IL 60062 USA
1-888-600-6441 Email sales_at_marketsandmarkets.com
  MarketsandMarkets Blog http//www.marketsandmark
ets.com http//twitter.com/marketsmarkets http//w
About PowerShow.com