Advanced Driver Assistance Systems Market (2021-2025) | Governmental Regulations to Provide Necessary Push to Advanced Driver Assistance Systems Market, According to Fairfield Market Research
Get Sample of this Report (Including Full TOC, List of Tables & Figures):
European Mandates Improve Scope of Advanced Driver Assistance Systems Market
European nations are spearheading the effort to minimize deaths caused by road accidents. The European Union (EU) will compel all automakers to incorporate automatic emergency braking in their new launches from 2022 onwards. Such regulations directly benefit the advanced driver assistance systems market. Automatic emergency brakes play a key role in preventing fatalities that would have occurred if brakes were not applied in time. There are numerous instances of accidents occurring when drivers were distracted due to mobile usage. These distractions can be catastrophic for both passengers, occupants, as well as pedestrians.
Rising Economic Tide Lifts Boat of Global Advanced Driver Assistance Systems Market
Advanced driver assistance systems were first introduced in prestige vehicles such as Mercedes-Benz, Bentley, Audi, and Rolls-Royce. A rising standard of living, particularly in fast-growing emerging economies has boosted the demand for luxury vehicles, benefiting the advanced driver assistance systems market. Although the cost of advanced driver assistance systems is a significant roadblock, their absolute sales volume has risen recently on account of the hub-spoke architecture between urban, suburban, and rural areas. Furthermore, the easy availability of financial schemes such as ‘Buy Now, Pay Later’ by a prominent Indian carmaker are responsible for the acceleration of the advanced driver assistance systems market.
Urgent Need to Raise Awareness in Advanced Driver Assistance Systems Market
Nonetheless, there are a few challenges that must be sufficiently addressed in the advanced driver assistance systems market, a main one being a general lack of awareness in developing countries. Customers in these countries are rarely, if ever, aware of the life-saving role played by advanced driver assistance systems. These customers are typically cost-conscious, dampening demand in the advanced driver assistance systems market. In February 2020, a Volvo crashed into a lorry in Coimbatore, India, leading to a large number of casualties that could’ve been prevented by way of advanced driver assistance systems. Furthermore, advanced driver assistance systems is still a costly technology that hasn’t completely trickled down to mass-market vehicles. Lastly, aftermarket prices only continue to rise in the advanced driver assistance systems market.
In Order to place the Purchase Query Click Here: firstname.lastname@example.org
Semi-autonomous Vehicle Segment Offers Huge Potential in Advanced Driver Assistance Systems Market
Semi-autonomous vehicles rely on HD cameras, radars, and ultrasonic sensors to gather information about their surroundings. Surging demand for semi-autonomous vehicles enables original equipment manufacturers (OEM) to incorporate evermore safety systems in their products. Carmakers such as Tesla, Volkswagen, GM, and Ford, have already announced their fully autonomous line-up for the next decade.
APAC Retains Leadership in Advanced Driver Assistance Systems Market
Massive automotive plants, coupled with greater acceptance of advanced technologies, make APAC nations such as China, Japan, and Korea, play an outsize role in the global advanced driver assistance systems market. Even though COVID-19 did impact sales, government mandates such as the Tire Pressure Monitoring System (TPMS) in China since 2019 are a step in the right direction for the driver assistance systems market.
Browse Our Latest Reports: https://www.fairfieldmarketresearch.com/shop/
Fairfield Market Research
UK +44 (0)20 30025888
USA +1 (844) 3829746 (Toll-free)
Follow us on LinkedIn: https://bit.ly/3voYIm9
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Advanced Driver Assistance Systems Market (2021-2025) | Governmental Regulations to Provide Necessary Push to Advanced Driver Assistance Systems Market, According to Fairfield Market Research here
News-ID: 2300405 • Views: 302
More Releases from Fairfield Market Research
Double-digit Growth on the Anvil in Asia-Pacific Yacht Charter Market, States Fa …
The global yacht charter market is driven by an upsurge in leisure activities as consumers across demographics discover the pleasure of yachting to exotic locations. Charter yachts are immensely popular as they rival the best that luxury hotels have to offer with the added advantage of complete seclusion as any tourists can travel to a waterbody of their choice. Tourists can visit several locations in a single trip and avoid
Microbial Fuel Cell (MFC) Market Will be Worth US $15.59 Mn by 2025, Registering …
The global microbial fuel cell (MFC) market is expected to cross the growth threshold required for competitors to make lucrative gains. The total worth of the global microbial fuel cell (MFC) market is expected to supplant US $15 Mn by the end of 2025, growing at a stupendous CAGR of 9.8% during the period between 2021 and 2025. The wide spectrum of applications pertaining to microbial fuel cells is the
Global Graphite Market Poised for a Robust 8.5% CAGR for by 2025; Steelmaking, a …
One of the most desirable materials among those active in the next-generation energy sector, graphite represents a rapidly progressing, multi-billion-dollar market at a global level. Majorly fuelled by the advent of renewable energy sources, and innovations in green energy technologies, Fairfield Market Research expects the global graphite market to see a robust growth outlook during 2021 – 2025. A new report by the company forecasts a strong 8.5% CAGR for
Global Toothpaste Tablet Market to Remain Afloat as Green Practices of Personal …
Sale of toothpaste tablets is gaining momentum as a large section of the global population gravitates towards following staunch standards of personal hygiene. The global value of the toothpaste tablet market is estimated to touch US$152.3 Mn by 2026, growing at a robust CAGR of 6.8% during the period between 2021 and 2026. The past decade has witnessed a heavy uptick in advertising budgets of personal care products. This has
More Releases for Advanced
BioSwitch Advanced Reviews - Does BioSwitch Advanced Really Work? (Updated 2021)
BioSwitch Advanced is a new dietary formula which is available in the form of edible oil. Introduced by Science Natural Supplements, BioSwitch Advanced claims to help losing weight faster than supplements that are in the form of pills. This report intends to reveal how BioSwitch Advanced works and the science behind it. Losing weight, now in this hectic routine, has become more difficult than ever before. The graph of obesity is
Advanced Wound Care Market
According to the report published, the advanced wound care market size was valued at $9.25 billion in 2019, and is estimated to reach at $15.30 billion by 2027, registering a CAGR of 11.6% from 2020 to 2027. The report provides a thorough analysis of changing market trends, key investment pockets, major segments, value chains, and leading market players. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/903 Surge in geriatric population, increase in incidences of diabetes,
Advanced Digital Marketing Course
Digilearnings is introducing a practical learning based course which is the most trending and interesting course currently i.e. ADMC ( advanced digital marketing course). Advanced Digital marketing course is specially designed by the professionals of Digilearnings to help students who want to make their career in the Digital Marketing field. The team of Digilearnings has specially designed this course by keeping in mind the growing sector of Digital Marketing. The Advanced Digital Marketing
Advanced Energy Storage Technologies Market - Advanced Techniques & Forecast 201 …
Global Advanced Energy Storage Technologies Market: Snapshot By recognizing the role of energy storage systems, several government bodies across the globe have been aiming at building an affordable, reliable, and sustainable power supply structure for catering to the snowballing energy needs of their citizens. The competitive scenario of the global advanced energy storage technologies features acquisitions, mergers, partnerships, and product launches as the most leveraged growth strategies. For example, in May 2017,
Advanced Animal Ventilator Market
The Global and China Advanced Animal Ventilator Market Research Report Forecast 2017-2021 is a valuable source of insightful data for business strategists. It provides the Advanced Animal Ventilator industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Advanced Animal Ventilator market study provides comprehensive data which
Global Advanced Ceramics Market 2016 - CeramTec, Advanced Ceramics Manufacturing …
This report provides detailed analysis of worldwide markets for Advanced Ceramics from 2011-2016, and provides extensive market forecasts (2016-2021) by region/country and subsectors. It covers the key technological and market trends in the Advanced Ceramics market and further lays out an analysis of the factors influencing the supply/demand for Advanced Ceramics, and the opportunities/challenges faced by industry participants. It also acts as an essential tool to companies active across the