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Advance Driver Assistance Systems Market Expected to Reach $143,051 Million by 2025

11-12-2018 10:22 AM CET | Tourism, Cars, Traffic

Press release from: Allied Market Research

Advance Driver Assistance Systems Market

Advance Driver Assistance Systems Market

According to a recent report published by Allied Market Research, titled, Advance Driver Assistance Systems Market by Component Type: Global Opportunity Analysis and Industry Forecast, 2017-2025, the global advance driver assistance systems market was valued at $25,116 million in 2016, and is projected to reach at $143,051 million by 2025, growing at a CAGR of 21.2% from 2017 to 2025.

Access Full Summary at : https://www.alliedmarketresearch.com/ADAS-market?utm_source=OpenPR

ADAS applications are majorly adopted in the European region; thus, this region contributes to maximum revenue in the global market, followed by North America, Asia-Pacific, and LAMEA.

The advance driver assistance systems market is driven by the forthcoming need for comfort, growth in government regulations related to safety, and high focus on consumer safety. However, pricing pressure, inflation, and complexity & difficulty in testing systems hamper the market growth.

In 2016, the system type dominated the component type segment, in terms of revenue. Furthermore, based on system type, adaptive front-lighting system led the global market, followed by lane departure warning system in 2016. However, tire pressure monitoring system segment is expected to witness the highest CAGR throughout the forecast period. Similarly, RADAR sensors led the overall market in 2016, in terms of revenue, followed by image sensor in sensor type segment.

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Key Findings of Advance Driver Assistance Systems Market:

•The system type segment generated the highest revenue in the global advance driver assistance systems market in 2016.
•In 2016, adaptive front-lighting system generated the highest revenue among the system type segment.
•LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
•In 2016, Europe accounted for the highest market share, followed by North America, Asia-Pacific, and LAMEA.

The key players profiled in the report are Magna International Inc., Autoliv Inc., Continental AG, Robert Bosch GmbH, Valeo, Denso Corporation, NXP Semiconductor, Panasonic Corporation, Renesas Electronics Corporation, and Texas Instruments.

Enquiry Report: https://www.alliedmarketresearch.com/purchase-enquiry/639?utm_source=OpenPR

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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