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Advanced Driver Assistance System (ADAS) Market will witness over 12.5% CAGR from 2018 to 2024 | Key Vendors – Valeo : Texas Instruments : Panasonic : NXP Semiconductors : Autoliv : Continental : Delphi : Denso : HELLA : Harman International : Magna Int

02-13-2019 07:26 PM CET | Media & Telecommunications

Press release from: Global Market Insights, Inc.

Advanced Driver Assistance System

Advanced Driver Assistance System

Asia Pacific advanced driver assistance system market is expected to witness highest growth through the forecast period. Initiatives emphasizing on the utilization of Artificial Intelligence (AI), collaboration for the development of ADAS, improved sensing systems, and faster information processing capabilities are expected to be among the major factor projected to offer strong growth platform. For instance, in June 2018, Toyota Motor Corporation invested USD 1 billion to gain access on the driving patterns of the users in South East Asia.

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LiDAR sensors acquired over 20% of the ADAS revenue market share in 2017, will witness 12.5% CAGR over the forecast timeframe. High accuracy, fast processing, minimum human dependence, weather independence, competitive sensors costs are among key properties driving the LiDAR demand. Effective prevention from geometrical distortions including angular landscape will provide positive outlook for LiDAR segment in ADAS market size.

Park assist system accounted for 11% of the ADAS market share. It finds substantial applications for blind spots elimination and accidental threats mitigation. These systems have found significant penetration in the passenger and commercial vehicles for its efficient detection and warning capabilities. Moreover, semi-autonomous parking assist system operations require the deployment and integration of park assist systems for enabling the vehicle safety.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• Autoliv Inc.
• Bosch Group
• Continental AG
• Delphi Technologies
• Denso Corporation
• Harman International
• Hella GmbH & Co. KGaA
• Hyundai Mobis
• Magna International Inc.
• Mobileye
• NVIDIA Corporation
• NXP Semiconductor
• Panasonic Corporation
• Renesas Electronics Corporation
• Texas Instruments
• Valeo SA

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Features that include intelligent park assist system, blind spot detection, image sensors and surround view have significantly contributed towards ADAS market growth. Moreover, driver assistance for complex and repetitive tasks to reduce human errors under complex situations will further expand the market share. However, operational complexity of these technologies in conjunction with and high cost of the systems and user awareness are expected to hamper the overall industry growth.

Based on distribution channel, aftermarket is expected to witness highest CAGR through the forecast period. This can be credited to the provision of cost-effective automotive components driving the aftermarket industry growth. Easy product availability due to abundant component suppliers operating in aftermarket will drive the industry growth. Moreover, higher replacement rates of the electronic sensors and related components will present strong growth potential landscape for the ADAS aftermarket.

Based on vehicles, LCV is expected to witness highest growth demands through the forecast period. Potential ADAS application in commercial applications, construction, and military for safeguarding humans and goods will propel the advanced driver assistance systems (ADAS) market demand from LCVs.

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Major industry participants of the advanced driver assistance systems (ADAS) market are Continental AG, Robert Bosch, Autoliv, Magna International, Texas Instruments and TRW Automotive. Other notable industry participants include Delphi, NXP Semiconductor Inc, Aisin Seiki Co., Denso Corporation, Harman International, NVIDIA Corporation, and Hyundai Mobis.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: http://freeautomotivenews.com/

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