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What's Driving the Advanced Driver Assistance Systems Market Trends? Top Manufacturers are Autoliv,Bosch Group,Continental,Delphi Technologies,Denso ,Gentex Corporation,Harman International

03-23-2020 07:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Advanced driver assistance systems market is expected to chart out a profitable growth path by 2024.The fact that ADAS has started to play an increasingly important role in driver safety is apparent from certain reports claiming that the EU plans to mandate the inclusion of some ADAS technologies in new cars from 2020. The Euro NCAP, the crash testing body, is also planning to add advanced driver assistance systems to its standard vehicle tests. With such steps underway, leasing companies like Arval have already started to include specific ADAS in their fleets, potentially boosting ADAS market trends over the forecast period.

With an increasing amount of distractions such as cell phones and telematics interface, distracted driving has become a profound threat on roads. In consequence, automakers trying to bring more safety not only to drivers and passengers but to innocent bystanders as well, through the expansion of advanced driver assistance systems market. Improved ADAS technologies such as adaptive cruise control, lane departure warning and automatic braking are becoming more and more popular owing to the fact that they are capable of kicking in before inattentive drivers can cause accidents.

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Studies conducted in relation to forward collision and automatic braking pointed out that the technology has resulted in 14% drop in property damage liability claims. Driven by the incredible benefits of this system and the strict regulatory framework, forward collision warning advanced driver assistance systems market size is expected to witness a commendable increase in the ensuing years.

Collision avoidance and collision mitigation systems in autobraking have also been gaining momentum in the advanced driver assistance systems market as they have been tested to be highly effective under favorable conditions. Estimates claim that collision avoidance systems helped prevent a collision 60% of the times while collision mitigation prevented mishaps 33% of the times. Quite overtly, the figures point out that opting for the collision avoidance systems is more advantageous than opting for the latter.

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Top Manufacturers are-

Aisin Seiki Co. Ltd
Autoliv Inc.
Bosch Group
Continental AG
Delphi Technologies
Denso Corporation
Gentex Corporation
Harman International
Hella GmbH & Co. KGaA
Hyundai Mobis
Joyson Electronics

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