Press release
Advanced Driver Assistance System (ADAS) Market Growth at CAGR of 7.5%, 2017-2023 - Latest Challenges and Trends – Major Key Players Infineon Technologies AG, Continental AG, Denso Corporation, Delphi Automotive PLC.
Infinium Global Research
ADAS technology detects object on the path of the vehicle and send alert signals to the driver of hazardous road conditions and in some cases it slow or stop the vehicle. It also has numerous applications in the automotive as blind spot monitoring, lane-keep assistance and forward collision warning. It improved driving experience with better overall road safety.
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The emphasis on the introduction of safety systems in the automobile is rising rapidly. The prevalence of vehicle accidents is rising all over the world. According to the World Bank, Over 1.25 million people are killed each year on the road. The government cross various countries are mandating installation of safety systems in the vehicles that are driving the growth of advanced driver assistance system. In addition, the growing popularity of autonomous driving is contributing to the growth of advanced driver assistance system market.
Segmented by Technology
On the basis of technology, the advance driver assistance system market is segmented as radar sensor, image sensor, infrared sensor, ultrasonic sensor, and LiDAR sensor.
Radar sensor uses the radio frequencies in the detection of objects in the two-dimensional recognition area. Radar sensor technology is well-established sensor technology in the automotive industry as it has numerous applications including adaptive cruise control, blind spot detection, intelligent park assist and others. The radar sensors classified as Long Range radar sensors and medium & short range radar sensors.
The ultrasonic sensor is a device designed for non-contact sensing of the objects by using the ultrasonic technology. The ultrasonic sensors are majorly used for the distance measurements so they also are known as distance sensors. There are various devices are available to measures the distance but the ultrasound sensors are the fast and effective technology to measure the distance between the two vehicles running extreme traffic conditions. The growing adoption of ultrasound sensors in the advanced driver assistance system drives the growth of ultrasound sensor market.
Segmented by Type
Global advanced driver assistance system market by type is segmented as adaptive cruise control, driver drowsiness alert, traffic sign recognition market, lane departure warning systems, parking assistance systems, adaptive front lighting systems, blind spot detection, advanced emergency braking systems (AEBS), collision warning systems and electronic stability control.
Among these types, adaptive cruise control, lane departure warning systems and blind spot detection play a significant role in the advance drive assistance system. Adaptive cruise control (ACC) is a device that allows a vehicle's cruise control system to adapt the vehicle's speed to the traffic environment. Adaptive cruise control is also called active cruise control, autonomous cruise control, intelligent cruise control, or radar cruise control.
Regional Analysis
Geographically, North America holds the maximum market shares in the advanced driver assistance system market followed by Europe. The rapidly growing adoption of autonomous vehicles in the North America region drives the growth of advanced driver assistance system market in this region. The stringent government regulations regarding the integration of safety systems in the automobile are contributing to the growth of this market in the North America region. In addition, Asia Pacific is the fastest growing region in the advanced driver assistance system market owing to the growing automotive industry and the advancements in the technology of the sensor.
Competitive Landscape
The key companies covered in the global advanced driver assistance system market include Infineon Technologies AG, Continental AG, Denso Corporation, Delphi Automotive PLC, Autoliv Inc., Wabco Holdings Inc., Mobileye N.V., Valeo S.A., Magna International Inc., and Robert Bosch GmbH.
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