Press release
Global ADAS (Advanced Driver Assistance System) Market Current and Future Industry Trends by Key Players: Autoliv, Bosch Group, Continental AG, Delphi Automotive, Denso, Gentex Corporation, Harman International, Hyundai Mobis, Magna International, Mobiley
Global ADAS (Advanced Driver Assistance System) market share is led by park assist systems due to increasing adoption particularly from aftermarket. Faster parking and reduced curb strikes are among key properties supporting the product demand. Rising demand from passenger and commercial vehicles particularly for forward collision warning functions has enhanced the industry growth.
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Image sensors dominated the industry share contributing over 33% of the ADAS market revenue in 2016. Evolution of modern computer vision analysis system with effective object identification will support the product penetration. Strong outlook for image sensors in auto high beam, blind spot detection, lane departure warning systems, night vision and surround view systems will support the business growth.
Top Key Players:-
The key players of Heavy-Duty Trucks Market are Aisin Seiki, Autoliv, Bosch Group, Continental AG, Delphi Automotive, Denso Corporation, Gentex Corporation, Harman International, Hella KGaA Hueck, Hyundai Mobis, Magna International, Mobileye, NVIDIA Corporation, NXP Semiconductor, Panasonic, Renesas Electronics, Takata, Texas Instruments, TRW Automotive, Valeo SA.
Regional Segmentations:-
On the basis of region, Europe ADAS market will witness CAGR over 14% up to 2024. Government regulations mandating installation of safety systems in vehicles will support the industry growth. Institutional initiatives including Euro NCAP to promote driving assistance systems will drive the product penetration. In addition, presence of key automobile manufacturers provides a positive outlook for the regional demand.
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OEMs dominated the global ADAS market share and are anticipated to remain dominating in forecast timeframe due to increasing adoption of safety standards. Increasing preference for safety systems among manufacturers to improve brand identity and ensure travel security will support the demand. OEMs are focused on strategic partnerships and collaborations with technology providers including sensors and other semiconductor suppliers.
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