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Global Automotive ADAS Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like Continental Ag,Aisin Seiki Co,Mobileye NV,Inc.
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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. The implementation of ADAS has been considered as a revolution as it provides dynamic features such as adaptive.
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. This system helps the driver to safely park the cars in the exhaustive and challenging situation by giving a full perspective of the vehicle back side including the blind spots. From the one that would help demonstrate the driver of any possible collisions while parking, park assist systems have evolved into one what would park the vehicle without any intervention from the driver’s side. Ford Global Technologies and Bosch are the major players that own most of the patents related to the park assist technology.
The demand for luxury vehicles, increased adoption from the automotive sector, stringent government regulations and accelerating the need for road safety systems are the major drivers for the market growth. Conversely, factors inhibiting the market growth software failure in sensors, the high cost of the equipment and intensive competition.
According to this study, over the next five years the Automotive ADAS market will register a 26.8% CAGR in terms of revenue, the global market size will reach US$ 36000 million by 2024, from US$ 11000 million in 2019. In particular, this report presents the global revenue market share of key companies in Automotive ADAS business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Continental Ag
Delphi Automotive PLC
Robert Bosch Gmbh
Aisin Seiki Co. Ltd.
Denso Corporation
Trw Automotive Holdings Corp.
Mobileye NV
Market Segment by Type, covers
Adaptive Cruise Control (ACC)
Lane Departure Warning (LDW) System
Blind Spot Detection
Others
Market Segment by Applications, can be divided into
Passenger Car
LCV
HCV
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Related Information:
North America Automotive ADAS Market Growth 2019-2024
United States Automotive ADAS Market Growth 2019-2024
Asia-Pacific Automotive ADAS Market Growth 2019-2024
Europe Automotive ADAS Market Growth 2019-2024
EMEA Automotive ADAS Market Growth 2019-2024
Global Automotive ADAS Market Growth 2019-2024
China Automotive ADAS Market Growth 2019-2024
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