Advanced Driver Assistance System (ADAS) Market Rising at more than 12.2% CAGR to 2024: Analysis of Key Players Delphi, Denso Corporation, NXP Semiconductor, Continental AG, Robert Bosch, Autoliv, Magna International, Texas Instruments, TRW Automotive, Ai

Market Study Report LLC recently introduced new title on “2018-2024 Global Advanced Driver Assistance System (ADAS) Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

Passenger cars dominated the ADAS industry share owing to rising automotive production across the globe. Increasing disposable income coupled with the availability of multiple car models at varied price range will support the industry growth. Stringent government regulations mandating the standard fitment of multiple ADAS technologies in PCVs are enabling car manufacturers to offer these features as standard across their product portfolio. For instance, Ford announced the standard fitment of ADAS suit including autobraking and lane-keeping features across their vehicles by 2020.

Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/980165

Growing preference for innovative sensing systems for avoiding accidents and crashes are expanding the ADAS market over the forecast timeframe. According to the World Health Organization (WHO), road traffic related deaths accounted for over 1.25 million cases across the globe. Stringent government regulations pertaining to vehicle safety along with mandatory fitment of multiple safety equipment in vehicles including automated emergency braking and parking sensors are supporting the industry proliferation till 2024.

Park assist systems will account for the maximum volume share at around 20% in 2017. This dominance is attributed to the increasing adoption of these systems in multiple cars owing to lower costs and easier installation process. Further, the availability of reliable and lower cost alternatives in the aftermarket along with supporting government regulations mandating the availability of these systems across all personal vehicles are further strengthening the segment growth. For instance, the Indian government announced the mandatory standard fitment of all vehicles with airbags and parking assist systems sold after July 2019.

Increasing adoption of advanced safety features in vehicles including blind spot detection, pedestrian crash avoidance systems, pedestrian crash avoidance mitigation systems and lane departure warning systems in cars are playing major role in expanding the business share over the study timeframe. For instance, in 2017, Skoda launched the upgraded Octavia model with automated parking facilities, further supporting the industry growth over the projected timeframe.

Advancements in sensors and tools for facilitating ADAS technologies along with improvements in product efficiency are supporting the industry proliferation over the study timeframe. Evolution of modern computer vision analysis systems for effective object detection along with strong outlook for night vision and auto light control features are positively influencing the market penetration till 2024.

Higher cost of the components required for facilitating the ADAS systems along with the requirement for appropriate maintenance, with higher priced replacement parts and components may limit the product adoption over the projected timeframe. However, industry participants are continuously investing in increasing the localization content of their components for reducing the part cost and meeting the economies of scale easily.

Request a discount on standard prices of this premium report at https://www.marketstudyreport.com/check-for-discount/980165

ADAS market share from image sensor will grow significantly at around 15% during the study period. This growth can be attributed to the usage of these sensors for facilitating various ADAS systems including night vision, autonomous park assists, blind spot detection, surround view system, lane departure warning, and traffic sign recognition. Higher demand for luxury cars with such installed systems fitted as standard will further boost the industry revenue.

The OEM segment is expected to generate maximum revenue share owing to the increasing investments by industry participants for improving the safety features across their product portfolio. Availability of extended warranties in-case of repairs and replacements along with convenient insurance facilities are further supporting the industry demand. Automobile manufacturers install ADAS units in their vehicles during the production phase and offer them as standard fitment. The replacement parts are available at the OEM as well as aftermarket workshops, contributing to the revenue generation.

Asia Pacific will pose highest growth rate of around 15% during the forecast time span owing to the increasing availability of cars from major manufacturers with ADAS as standard fitment. China contributes significantly towards regional growth owing to rising domestic demand coupled with increasing automobile production over the projected timeframe.

Major industry participants of the ADAS market include Robert Bosch, Autoliv, Magna International, Continental AG, TRW Automotive, and Texas Instruments. Other notable industry participants are Corporation, Harman International, NVIDIA Corporation, Delphi, Aisin Seiki Co., NXP Semiconductor Inc, Denso and Hyundai Mobis. Industry participants are engaged in providing technologically advanced products for improving their market share. For instance, in 2018, BMW announced the launch of its MY2019 Z4 model with advanced ADAS technologies including day time pedestrian detection, cross-traffic alert, lane departure warning systems, and adaptive cruise control.

Table of Contents:

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definitions, & forecast parameters

1.1.4.1. Definitions

1.1.4.2. Forecast parameters & considerations

1.2. Data sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. ADAS industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Technology trends

2.1.3. Sensor trends

2.1.4. Vehicle trends

2.1.5. Distribution channel trends

2.1.6. Regional trends

Chapter 3. ADAS Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Technology providers

3.3.2. Manufacturers

3.3.3. Profit margin analysis

3.3.4. Distribution channel analysis

3.3.4.1. End-users

3.3.4.2. Aftermarket

3.3.5. Vendor matrix

3.4. Accident and fatalities statistics, by region

3.4.1. North America

3.4.2. Europe

3.4.3. Latin America

3.4.4. Asia Pacific

3.4.5. MEA

3.5. ADAS industry trends

3.5.1. Embedded vision

3.5.2. Sensors

3.5.3. Connectivity

3.5.4. Automotive systems infrastructure

3.5.5. Automotive HMI design

3.6. Pricing trends, by region

3.6.1. Regional pricing

3.6.1.1. North America

3.6.1.2. Europe

3.6.1.3. Asia Pacific

3.6.1.4. Latin America

3.6.1.5. MEA

3.6.2. Cost structure analysis

3.7. Technology landscape

3.7.1. Adaptive cruise control (ACC)

3.7.2. Tire pressure monitoring system (TPMS)

3.8. Global automotive production overview, 2017

3.9. Regulatory landscape

3.9.1. North America

3.9.1.1. Federal Automoted Vehicle Policy

3.9.1.2. Insurance Institute for Highway Safety - Highway Loss Data Institute (IIHS - HLDI)

3.9.2. Europe

3.9.2.1. European New Car Assessment Program (Euro NCAP) Advanced

3.9.2.2. European Commission

3.9.3. Asia Pacific

3.9.3.1. Korean New Car Assessment Program (KNCAP)

3.9.3.2. Japan National Police Agency (JNPA)

3.9.4. Latin America

3.9.4.1. Latin New Car Assessment Program (Latin NCAP) Advanced

3.9.5. Middle East & Africa

3.9.5.1. Automobile Association of South Africa (AA South Africa)

3.10. Industry best practices & key buying criteria

3.11. Industry impact forces

3.11.1. Growth drivers, by region

3.11.1.1. North America

3.11.1.1.1. Rising concerns against road accidents

3.11.1.2. Europe

3.11.1.2.1. European Commission initiatives for road safety

3.11.1.3. Asia Pacific

3.11.1.3.1. Increasing automobile production

3.11.1.4. Latin America

3.11.1.4.1. Improvement in manufacturing facilities

3.11.1.5. MEA

3.11.1.5.1. High penetration of luxury cars

3.11.2. Industry pitfalls & challenges

3.11.2.1. Technical disadvantages coupled with prohibitive cost

3.12. Growth potential analysis, 2017

3.13. Porter's analysis

3.14. Competitive landscape, 2017

3.14.1. Top players analysis, 2017

3.14.2. Strategy dashboard

3.15. PESTLE analysis

Chapter 4. ADAS Market, By Technology

4.1. Global ADAS market share by technology, 2017 & 2024

4.2. Adaptive cruise control

4.2.1. Market estimates and forecast, 2013 - 2024, (USD Million)

4.2.2. Market estimates and forecast, by region, 2013 - 2024, (USD Million)

4.3. Automatic high beam control

4.3.1. Market estimates and forecast, 2013 - 2024, (USD Million)

4.3.2. Market estimates and forecast, by region, 2013 - 2024, (USD Million)

For more information on this report at: https://www.marketstudyreport.com/reports/advanced-driver-assistance-system-adas-market/?utm_source=Openpr.com-SP

Related Reports: -

Global (North America, Europe and Asia-Pacific, South America, Middle East and Africa) Advanced Driver Assistance Systems (ADAS) Market 2017 Forecast to 2022

Advanced driver assistance systems (ADAS) are electronic components installed in vehicles, which present an intelligent driving experience to the driver. These systems comprise of unique sensors such as ultrasonic, image, RADAR, LiDAR, infrared and LASER. Deploying ADAS to enhance comfort levels and ensure safety and security on road is the majorly growing trend within the automobile sector. The implementation of ADAS has been considered as a revolution as it provides dynamic features such as adaptive.

https://www.marketstudyreport.com/reports/global-north-america-europe-and-asia-pacific-south-america-middle-east-and-africa-advanced-driver-assistance-systems-adas-market-2017-forecast-to-2022/?utm_source=RR-SP

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email:sales@marketstudyreport.com
Website:https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/

This release was published on openPR.