Press release
What's driving the ADAS Market Trends? NVIDIA, Texas Instruments, Valeo, NXP Semiconductors, Magna International, HELLA, Harman International, Continental, Delphi, Bosch, Denso
The loss of human lives on account of road accidents, due to reduced visibility at night, user misjudgment, increased mobile phone usage during driving and drunk driving has necessitated the safety systems in vehicles, driving ADAS (Advanced Driver Assistance System) market size. According to World Health Organization estimates, road traffic related fatal accidents accounted for over 1.25 million cases, globally. Increased preference for advanced sensing systems for avoiding crashes & accidents are expected to proliferate ADAS market over the forecast timeline.
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Escalating consumer inclination toward vehicles featuring ADAS and stringent regulations by government to decrease fatal accidents by deploying ADAS will drive the market growth. Rising adoption by leading automotive OEMs to maintain their strong foothold in the industry on account of the ground-breaking innovations in automotive market will also fuel ADAS market share.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Aisin Seiki Co., Ltd.
o Autoliv Inc.
o Bosch Group
o Continental AG
o Delphi Technologies
o Denso Corporation
o Gentex Corporation
o Joyson Electronics
o Harman International
o Hella GmbH & Co. KGaA
o Hyundai Mobis
o Magna International Inc.
o Mobileye
o NVIDIA Corporation
o NXP Semiconductor
o Panasonic Corporation
o Renesas Electronics Corporation
o Texas Instruments
o TRW Automotive Inc
o Valeo
In this regard, recently, Groupe PSA collaborated with Harman International to design a cyber security strategy for protecting connected and next-generation autonomous vehicles. The collaboration is a vivid indicator of the fact that the growing concerns regarding cyberattacks and protection capabilities of ADAS integrated vehicles will play a pivotal role in augmenting advanced driver assistance system market outlook.
The robust developments across the automotive cosmos in the economies of India and China vividly portray that APAC will tur out to be a prominent revenue contributor for ADAS market. The rising sales pf passenger vehicles in the continent combined with the increasing demand for road safety and emission control will augment APAC ADAS market trends over the forecast duration.
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The rapidly shifting trends toward the adoption of technologically advanced vehicles are thus likely to fuel ADAS industry share in the ensuing years. As the demand for such vehicles continues to increase along with changing consumer preferences, companies in ADAS market will be looking forward to launching advanced safety solutions.
Leading automotive OEMs have initiated collaborating with the technology providers & providing built-in systems to maintain their foothold in the industry. For Instance, in 2017, Nissan in partnership with Volkswagen AG & BMW AG, made use of chips & sensors developed by Mobileye, which were utilized in mapping & autonomous driving, that strengthened the company's automotive sales. Such collaborations are likely to help in the proliferation of the overall ADAS market share.
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