Press release
Automotive Advance Driver Market Regional Revenue & Growth Forecast 2019-2025
Automotive Advance Driver Market
Automotive Advance Driver Market size is predicted to witness high growth owing to rising demand for advanced safety features in automobile industry. The assistance system helps keep driver’s focus on vehicles by warning, monitoring, braking and steering task to reduce the collision instances. North America and Europe are mandating installation of emergency braking system and forward collision warning system in every vehicle by 2020, surging the demand for automotive advance driver market share over the forecast timeframe.
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Based on component, the automotive advance driver market can be categorized into camera, sensors, radar, semiconductor, wire, and display. Sensors are expected to exhibit highest revenue share over the forecast timeframe owing to its increasing usage in ADAS. Features such as capability to capture image and gesture recognition will escalate the revenue generation. Ultrasonic and infrared sensors are widely used for parking assistance systems, further strengthening the product penetration.
Based on product, the automotive advance driver market can be segmented into parking assistance system, adaptive cruise control, anti-lock braking system (ABS), lane departure warning system (LDWS), forward collision warning system, real time traffic & travel information system, electronic stability program (ESP), adaptive head lights, emergency call system, obstacle and collision warning system. Parking assistance system is expected to contribute largest market share followed by automated emergency braking, adaptive cruise control, and forward collision warning system. The substantial share of parking assistance system is attributed to shifting preference of manufacturers due to its prominence in advance driver systems.
By vehicle, the automotive advance driver market can be segmented into PCV, LCV, and HCV. Passenger cars are likely to dominate the industry till 2024. In 2016, more than 72,000 passenger vehicles were sold across the globe. 80 % of the passenger vehicles are anticipated to be equipped with advance driver assistance system by 2020. Surging demand of passenger vehicles owing to rising disposable income across the globe will contribute significantly to the industry growth.
Manufacturers operating in the automotive advance driver market focus on new product launches to gain competitive edge in the industry. For instance, in September 2017, WABCO Holdings launched an ADAS, OnLane Assist, for heavy & medium duty buses and trucks. The industry participants are also making huge investments for strengthening their presence across the globe. For instance, in December 2017, WABCO Holdings invested USD 10 million in Nikola Motor Company to produce advance products for commercial vehicles.
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Major manufacturing companies operating in the global automotive advance driver market include Aisin Seiki Co, Wabco Holding, Freescale Semiconductor, Delphi automotive, Gentex Corporation, Infineon Technologies, Takata Corporation, and Robert Bosch Gmbh. Other notable players include Valeo SA, Mobileye NV, Nvidia corporation, Magna, Renesas Electronics corporation, Denso Corporation, Hyundai Mobis, Auto liv, Panasonic Corporation, and Texas Instruments & Continental.
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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.
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