What's driving the Advanced Driver Assistance System Market Size Key Players are: Robert Bosch, Autoliv, Magna International, Continental AG, TRW Automotive, and Texas Instruments. Other notable industry participants are Corporation, Harman International,

The qualitative research study conducted by Market Study Report titled “Global Advanced Driver Assistance System Market Report” provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Advanced Driver Assistance System market.

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.

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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.

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.

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.

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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.

There are 14 Chapters to deeply display the Advanced Driver Assistance System market

Chapter 1: To describe Advanced Driver Assistance System Market Overview, Introduction, product scope, market opportunities, Application.

Chapter 2: To analyze the Top Manufacturers of Advanced Driver Assistance System, with sales, capacity, production, revenue, and price of Advanced Driver Assistance System, in 2014 and 2019.

Chapter 3: Advanced Driver Assistance System, to display the competitive situation among the top manufacturers with capacity, production, share by region, sales, revenue, gross margin and market share in 2014 and 2019.

Chapter 4: To show the market by regions, supply, consumption, with sales, export-import, revenue and market share of Advanced Driver Assistance System, for each region, from 2014 Advanced Driver Assistance System to 2019.

Chapter 5, 6, 7, 8 and 9 To analyze the market by countries, by type, by application and by manufacturers, with sales, analysis by application, revenue and market share by key countries in these regions.

Chapter 10 and 11 To show the market by type and application, with sales market share and growth rate by type, strategy analysis and factor analysis from 2016 Advanced Driver Assistance System to 2019.

Chapter 12 Advanced Driver Assistance System market forecast, by regions, type, with sales and revenue, growth rate, price Forecast from 2019 to 2025 Advanced Driver Assistance System.

Chapter 13: Connected Advanced Driver Assistance System market.

Chapter 14: To describe Advanced Driver Assistance System market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

Further in the Advanced Driver Assistance System Market research reports, following points are included along with in-depth study of each point:

Production Analysis – Production of the Advanced Driver Assistance System is analyzed with respect to different regions, types and applications. Here, price analysis of various Advanced Driver Assistance System Market key players is also covered.

Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Advanced Driver Assistance System Market. Another major aspect, price, which plays important part in the revenue generation, is also assessed in this section for the various regions.

Supply and Consumption – In continuation with sales, this section studies supply and consumption for the Advanced Driver Assistance System Market. This part also sheds light on the gap between supple and consumption. Import and export figures are also given in this part.

Competitors – In this section, various Advanced Driver Assistance System industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue.

Other analyses – Apart from the aforementioned information, trade and distribution analysis for the Advanced Driver Assistance System Market, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

Complete report titled at https://www.marketstudyreport.com/reports/advanced-driver-assistance-system-adas-market

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