11-03-2018 12:14 PM CET - Business, Economy, Finances, Banking & Insurance

Advanced Driver Assistance System Market Elevated Growth Expect to Reach At USD 50.39 billion By 2023; CAGR 10.41%. | By Solution, Components and Vehicle Type Along With Some Key Players: Delphi Automotive PLC Continental AG, Robert Bosch GmbH, Valeo, Hyu

Press release from: Crystal Market Research - Technology
Advanced Driver Assistance System Market
Advanced Driver Assistance System Market

The global Advanced Driver Assistance System Market was estimated approximately USD 20.67 billion in 2014 and is expected to reach USD 50.39 billion by 2023, registering a compound annual growth rate of 10.41%. Advanced driver assistance system is designed to increase the safety 006Ff the car and to maintain the safety of the road.

Regional Outlook and Trend Analysis
North-American region has dominated the entire market and will continue to grow at a significant compound annual growth rate. The growth of this region is mainly due to the advancement in technology, presence of chief players, and aggrandized economic condition. The market in the Asia-Pacific region will emerge in the forecasted period due to regulation but forward by the government to reduce road accidents in countries like China, India and Japan. However the European region will observe slight fall in the market due to saturation in existing ADAS functionalities.

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Competitive Insights
The leading competitors in the global advanced driver assistance system market are Delphi Automotive PLC Continental AG, Robert Bosch GmbH, Valeo, Hyundai Mobis, Texas Instruments, Autoliv Inc., Panasonic Corporation and Denso Corporation. Invention of new technologies and the mergers with various companies will the key factor for the growth of the market.

Market Trend Overview:
The rising adoption of this system in compact cars is the key factor driving the market. Moreover, the regulations put forward by the government for compulsory installation of this system in each and every vehicle has augmented the growth of the market. The increasing demand for advanced systems such as night vision, drowsiness monitoring, road sign recognition systems, autonomous emergency braking system in order to reduce road accidents has anticipated the growth of the market over the forecast period. The major restraining factor for market growth is high cost for installation of the ADAS system and lack of awareness among various consumers.

By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)

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Market Segmentation-
By Solution:
Adaptive Front Lights
Blind Spot Detection
Lane Departure Monitoring System
Adaptive Cruise Control
Autonomous Emergency Breaking,
Tire Pressure Monitoring System

By Components:
Ultrasonic sensors

By Vehicle Type:
Commercial Vehicles
Passenger Vehicles

Solution Outlook and Trend Analysis:
On the basis of solution the global advanced driver assistance system market is categorized into adaptive front lights, blind spot detection, lane departure monitoring system, adaptive cruise control, autonomous emergency breaking, tire pressure monitoring system, and others. On the other hand the adaptive cruise control system will grow at a high pace in the near future because of the regulations put forward by the government for installation of system to reduce road accidents.

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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Chapter 2. Executive Summary
2.1. Key Highlights

Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.4. south America (Brazil, Argentina, Columbia and Rest of South America)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
5. Advanced Driver Assistance System Market, By Solution
5.1. Introduction
5.2. Global Advanced Driver Assistance System Sales, Revenue and Market Share by Solution(2014-2018)
5.2.1. Global Advanced Driver Assistance System Sales and Sales Share by Solution(2014-2018)
5.2.2. Global Advaced Driver Assistance System Revenue and Revenue Share by Solution(2014-2018)
5.3. Adaptive front lights
5.3.1. Global Adaptive front lights Sales and Growth Rate (2014-2018)
5.4. Blind spot detection
5.4.1. Global Blind spot detection Sales and Growth Rate (2014-2018)
5.5. Lane departure monitoring system
5.5.1. Global Lane departure monitoring system Sales and Growth Rate (2014-2018)
5.6. Adaptive cruise control
5.6.1. Global Adaptive cruise control Users Sales and Growth Rate (2014-2018)
5.7. Autonomous emergency breaking
5.7.1. Global Autonomous emergency breaking Users Sales and Growth Rate (2014-2018)
5.8. Tire pressure monitoring system
5.8.1. Global tire pressure monitoring system Users Sales and Growth Rate (2014-2018)
6. Advanced Driver Assistance System Market, By Components
7. Advanced Driver Assistance System Market, By Vehicle Type
8. Advanced Driver Assistance System Market, By Region

Vehicles Outlook and Trend Analysis:
On the basis of vehicles the global advanced driver assistance system market is divided into commercial vehicles and passenger vehicles. The ADAS system is most widely used in the luxury vehicles and not in commercial vehicles as the cost of the systems is very high. Thus the passenger vehicles have accounted the largest share from the overall market. As the commercial vehicles are further divided into light commercial vehicles and heavy commercial vehicles, among them the light commercial vehicles have acquired the largest share in the market.

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About Crystal Market Research:
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