Press release
Global Advanced Driver Assistance Systems (ADAS) Market Will Exhibit a Steady 27.0% CAGR Through 2025
The global advanced driver assistance systems (ADAS) market is characterized by stiff competition. Astute players in the market are seen expending time and money on designing cutting-edge, differentiated products. They are more focused on creating advanced safety features, while also striving not to drive up prices of vehicles outfitted with such sophisticated features. Players are also seen banking upon mergers and acquisitions to diversify their product portfolios, tap into more resources, and expand into new markets.
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Automotive 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.
Parking Assist Systems is expected to lead the global ADAS market. In 2015, parking assist systems held the largest share in the market owing to the development of the partial and fully autonomous cars.
In 2018, the global Advanced Driver Assistance Systems (ADAS) market size was 11000 million US$ and it is expected to reach 58600 million US$ by the end of 2025, with a CAGR of 27.0% during 2019-2025.
This report focuses on the global Advanced Driver Assistance Systems (ADAS) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Advanced Driver Assistance Systems (ADAS) development in United States, Europe and China.
The key players covered in this study
Continental Ag
Delphi Automotive PLC
Robert Bosch Gmbh
Aisin Seiki Co. Ltd.
Denso Corporation
Trw Automotive Holdings Corp.
Mobileye NV
Market segment by Type, the product can be split into
Adaptive Cruise Control (ACC)
Lane Departure Warning (LDW) System
Park Assist
Blind Spot Detection
Others
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Market segment by Application, split into
Passenger Car
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Advanced Driver Assistance Systems (ADAS) status, future forecast, growth opportunity, key market and key players.
To present the Advanced Driver Assistance Systems (ADAS) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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