Press release
Advanced Driver Assistance System Market to see exponential growth by 2024 -key Players- Valeo, Texas Instruments, Panasonic, NXP Semiconductors, Magna International, Hella GmbH, HARMAN International, Denso, Delphi, Continental, Autoliv
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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 Advanced Driver Assistance System Market size.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Aisin Seiki Co., Ltd.
• Autoliv Inc.
• Bosch Group
• Continental AG
• Delphi Technologies
• Denso Corporation
• Gentex Corporation
• Joyson Electronics
• Harman International
• Hella GmbH & Co. KGaA
• Hyundai Mobis
• Magna International Inc.
• Mobileye
• NVIDIA Corporation
• NXP Semiconductor
• Panasonic Corporation
• Renesas Electronics Corporation
• Texas Instruments
• TRW Automotive Inc
• Valeo
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Park assist system accounted for 11% of the Advanced Driver Assistance System 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.
The Advanced Driver Assistance System Market is driven by reduced visibility at night and steep turns, growing mobile phones usage during driving, user misjudgment due user fatigue results in significant loss of human life and property damages. According to global status report on road safety by World Health Organization (WHO), around 1.3 million people are faced with fatal accidents, accounting for the world’s third largest contributor to human fatalities. This in turn is expected to drive the urgency for deployment of advanced driver assistance systems through the forecast timeframe.
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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.
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