Highway Driving Assist Market worth $10.7 billion by 2027

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MarketsandMarkets Presents

Highway Driving Assist Market worth 10.7 billion
by 2027
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ighway-driving-assist-market-1942447.html
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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_
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sp?id1942447
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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_
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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_
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• 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
  others.
• 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

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