Advanced Driver Assistance Systems (ADAS) Market Research Report - PowerPoint PPT Presentation

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Advanced Driver Assistance Systems (ADAS) Market Research Report

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Title: Advanced Driver Assistance Systems (ADAS) Market Research Report


1
Advanced Driver Assistance Systems (ADAS) Market
Growth, Segments, Size, Industry Analysis and
Opportunities
Due to the rising demand for safety and comfort
features in vehicles, owing to the swift
advancements in technology, the demand for
advanced driver assistance systems (ADASs) is
predicated to boom in the coming years. The rapid
advancements in the sensor technology have
propelled innovations and developments in
electronic equipment, which is promoting the
adoption of advanced systems in vehicles, by
various manufacturers across the
globe. Furthermore, the enhanced comfort and
support features provided by ADASs, such as
parking aid and cruise control, are further
boosting the demand for these systems.
The mushrooming volume of sales of connected cars
across the world, on account of the rapid
technological advancements, is another major
factor fuelling the growth in the demand for
ADAS. Moreover, the rising regulations by various
governments, especially the ones in developed
countries, aimed at increasing vehicular safety,
are further pushing the demand for ADAS. Due to
these factors, the global ADAS market is expected
to witness a massive increase in its value, not
only in developed nations, but the developing
ones as well. Request to Get the Sample Report_at_
https//www.psmarketresearch.com/market-
analysis/driver-assistance-systems-market/report-s
ample The major components used in ADAS are
sensors and systems. Of these, the systems used
in ADAS are expected to register faster growth
in demand in the coming years. The widely used
types of ADASs are pressure monitoring systems
(TPMS), intelligent parking assist systems
(IPAS), drowsiness monitoring systems, adaptive
cruise control systems, lane departure warning
systems, blind spot objection detection systems,
and adaptive front lighting systems
(AFLS). Amongst these, TPMSs are expected to
record the highest growth in procurement in the
coming years, as their installation has been made
mandatory in numerous European countries.
2
The global advanced driver assistance system
market is currently witnessing a skyrocketing
number of collaborations and partnerships amongst
major companies, in order to expand their
consumer base and geographical footprint and also
enhance their product portfolio. For instance,
in 2015, Valeo SA signed two agreements with
Mobileye NV and Safran SA, with the aim of
developing front-facing camera solutions and
sensor-fusion-technology-based products, with
the help of Mobileyes EyeO computer vision
algorithms and microprocessors, and increasing
the development of driving aids for autonomous
vehicles. Due to the increasing urbanization
rate, and rising demand for high-end vehicles,
due to the surging disposable income of people,
the installation of ADAS is expected to grow the
quickest in the Asia-Pacific (APAC) region, in
the near future. In addition to this, the
moderate number of sales of passenger cars in
developed countries and the surging demand are
expected to further boost the demand for ADAS in
this region in the coming years. Therefore, due
to the increasing demand for high-end vehicles,
rapid advancements in technology that are
powering the development of connected vehicles,
which are equipped with numerous safety
features, and rising implementation of vehicular
safety laws and regulations by governments
across the world, the demand for ADAS is forecast
to surge in the coming years.
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