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Global Advanced Driver-Assistance Systems (ADAS) Market 2020 Size, Growth Analysis Report, Forecast to 2026

01-14-2021 08:36 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The global ADAS market is expected to witness a significant CAGR during the forecast period (2020-2026). A number of applications have been developed under ADAS such as adaptive cruise control, electronic stability control, automatic emergency braking, blind-spot detection, forward collision warning, night vision system, pedestrian detection system, and so on. Even now, the companies are aggressively working in ADAS technology especially to augment self-driving technology.

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Along with the automakers and auto-ancillary companies, start-ups and big IT companies are also working in ADAS technology and hence significantly contributing to industrial growth. For instance, Intel Corp. is working with Waymo LLC, a Google-owned company, since 2017 in self-driving technology, whereas ZF is working with NVIDIA.

A Full Report of Global Advanced Driver-Assistance Systems (ADAS) Market is Available at: https://www.omrglobal.com/industry-reports/advanced-driver-assistance-systems-market

In April 2019 German auto ancillary giant ZF, introduced ZF coPILOT, an intelligent ADAS to the safety and driving comfort of the vehicle. The new ZF coPILOT will provide improved quality in semi-automated driving and will surpass the performance of a regular Level 2 system for semi-automated driving. The commercial production will start in 2021.

Another IT company that has established a partnership is Wind River, which has collaborated with Intron Technology, a Chinese automotive electronics solution provider in September 2019. Both companies will develop embedded software for vehicles for better safety and reliability. In addition, the companies will promote domestic ADAS technology and the autonomous vehicle industry in China.

Some of the other recent development includes a partnership of OSR Enterprise Jaguar Land Rover in September 2019 to enhance ADAS and secure connected technology. Jaguar I-PACE is integrated with OSR Evolver. It is a fourth-generation AI control unit with advanced architecture, high processing power. Moreover, the system also monitors in-cabin driver and passenger behavior to enhance safety.

Another European company, Continental AG has entered into a collaboration with Germany-based startup company Automotive Artificial Intelligence (AAI) to developed ADAS and automated driving (AD) for the vehicle. Continental AG will develop a virtual simulation tool with AAI to create virtual environments based on HD-maps and AI-driven road-users. In October 2019 Elekrobit launched a new cloud-based tool for end-to-end software validation for the development of ADAS and autonomous driving system, which are available on Microsoft’s cloud platform Azure.

Global ADAS Market- Segmentation

By Technology

Camera
LiDAR
Radar
Wi-Fi

By System

Adaptive Cruise Control
Intelligent Park Assist
Electronic Stability Control
Automatic Emergency Braking
Blind Spot Detection
Driver Monitoring System
Forward Collision Warning
Lane Departure Warning
Night Vision System
Pedestrian Detection System
Other

By Type

Two-Wheeler
Passenger Cars
Commercial Vehicle
Construction Equipment

Global ADAS Market – Segment by Region

North America

US
Canada

Europe

Germany
UK
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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