Press release
Advanced Driver Assistance Systems Market Investments with Top Key Competitors Autoliv, Continental, Bosch, DENSO and More
Advanced Driver Assistance Systems (ADAS) Market
Technology up gradation is the key for a company's growth in the ADAS market. The existing products are being replaced by their newer versions, as consumers are more inclined towards the products with an up graded technology. Continental launched electronic horizon (eHorizon) in 2015, whose functioning is based on the principle of cloud sourcing that develops cars as moving sensors and allows exchange of data between the cloud and the vehicle. Autoliv launched a driver assistance product in 2014 that provides a light-based touchless-touch sensing with visual guidance. It is also an alternative to mechanical switches in the automotive. During the same year, Audi introduced adaptive cruise control system with the launch of its Q7 model. It also reduces the fuel consumption of the vehicle on interurban roads by around 10%.
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The HNIs are the most prospective customers of premium cars, equipped with ADAS. A significant growth in the numbers of HNIs has been witnessed during the recent past, which is also fuelling the demand for ADAS in the global market. The number of HNIs in countries such as China, India, France, Italy, Russia, Switzerland, and Indonesia has grown significantly during the recent past. According to a wealth report published by Capegemini and Royal Bank of Canada (RBC), there were approximately 2 lakh HNIs in India, in 2014, which increased from 1.3 lakh in 2009. This is also reflected in the increasing ownership of premium vehicles in these countries.
The key players in the global ADAS market include Magna International Inc, Autoliv Inc., Continental AG, Robert Bosch GmbH, Valeo, Denso Corporation, Ford Motors Company, BMW AG, and Audi AG.
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GLOBAL ADAS MARKET
By Component- System, and Sensor
By Region - North America, Europe, Asia-Pacific, and Rest of the World
Global ADAS Sensor Market, By Technology
Ultrasonic Sensor Market
Infrared Sensor Market
Radar Sensor Market
Image Sensor Market
LiDAR Sensor Market
Laser Sensor Market
Global ADAS System Market, by Type
Tire Pressure Monitoring System (TPMS) Market
Drowsiness Monitoring System (DMS) Market
Park Assist System Market
Adaptive Cruise Control System (ACCS) Market
Blind Spot Detection System (BSDS) Market
Lane Departure Warning System (LDWS) Market
Adaptive Front Lighting System (AFLS) Market
Others (Including night vision system and driver monitoring system) Market
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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