Driver Assistance System Market CAGR Growth Expected to Be Linear Says Texas Instruments, Hyundai Mobis, Infineon Technologies Ag, etc. Predicted by 2026

The global driver assistance system market was valued at USD 21.56 billion in 2017 and expected to grow at CAGR 19.9% over the forecast period 2019–2026

Driver assistance systems are extra electronic features in motor vehicles used to make motor vehicle travel safer by improving, automating, or adapting some or all of the tasks involved in operating a vehicle. In addition, some of the systems help with the task of driving, others alert the driver to errors or hazards, such as drowsiness, departure detection and detection lane. The rising concern of automobile safety, governments initiative, and favorable regulatory norms regarding installation of these systems are primarily driving the growth of driver assistance system market. Rising level of technological innovation machine vision, artificial intelligence (AI), radar, lasers and various position-detecting technologies in driver assistance system market are boosting the growth of market.

According to the World Health Organization, on an average road accident cause 1.2 million deaths and 50 million injuries around the world each year. Traffic congestion, rash driving, and lane change, these issues result into road accidents. Driver assistance system helps to assist driver according to the changes and environmental situation and respond to the circumstances accordingly.

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The Major Players Covered in this Report: Texas Instruments, Hyundai Mobis, Infineon Technologies Ag, Nxp Semiconductor, Aptiv (Delphi Automotive Plc), Valeo S.A, Renesas Electronics Corporation, Autoliv Inc., Wabco Holdings Inc., Denso Corporation, Robert Bosch Gmbh, and Hella Kgaa Hueck & Co., & More...

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Driver Assistance System in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Driver Assistance System market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Driver Assistance System and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of the Driver Assistance System. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Why buy this report?
Every year automobile companies are investing millions in funding development of cutting-edge technologies to keep drivers safe and accident-free while operating their vehicles.

Regulatory and consumer interest agencies are monitoring the safety applications that protect drivers and reduce accidents.

For instance, Both the U.S. and European Union are mandating that all vehicles to be equipped with autonomous emergency-braking systems and forward-collision warning systems by 2020.

Therefore, assistance driver system technology has the potential to transform the automotive sector. We have covered a detailed competition landscape that signifies the presence of leading provider and their strategic management.

Definitive Market Data
Driver Assistance System Market Analysis
Recent Opportunities in the Market
6-7-year performance forecasts: major segments covering technology, Vehicle Type, and geographies
Market Share Analysis
Technology Assessment

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