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

Driver Assistance System Market Snapshot:

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. 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.

Many governments across the world imposes stringent regulations on car manufacturers in order to provide optimum on road security to the driver and mandating installation of driver assistance system in order to lower road accidents is propelling the growth of market. For reducing crashes, property damage, and fatalities on a global basis government are encouraging regulators and policymakers to collaborate with overseas counterparts to generate and enforce global technical standards.

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.
However, excessive costs of these systems, growing incidence of software failure in sensors and lack of awareness among low and medium-end customers are hindering the growth of Driver Assistance System Market. High cost of equipment and installation charges of driver assistance system are the major factors restraining the growth of driver assistance 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.

North America is a very prominent region for the driver assistance market. Post the 2009 recession, automobile industry across the North America have indicating a positive growth prospect for driver assistance system market. The consumers in this region are demanding the automobiles with advanced comfort system and features that support the health and safety regulation imposed by the government of North America. The leading car manufacturers such as General Motors, Chrysler Ford etc. are also offering other driver assistance system as an alternative in the different models of their passenger cars. Owing to rigid safety & environmental regulation and purchasing pattern of the people, North America is very favourable region for Driver assistance system market.

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.

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The Major Prominent 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.

By Types, ·Adaptive Cruise Control, ·Blind Spot Detection, ·Lane Departure Warning System, ·Night Vision, ·Adaptive Front Lighting, ·Intelligent Parking Assist System, ·Others,
By Technology, ·Ultrasonic Sensor, ·Image Sensor, ·Lidar Sensor, ·Radar Sensor,
By Vehicle Type, ·Passenger cars, ·Light commercial Vehicles, ·Heavy Commercial Vehicles & More.

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 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 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

Key Questions Answered in The Report:
What will the Driver Assistance System market growth rate?
What are the key factors driving the global Driver Assistance System market?
Who are the key manufacturers in the Driver Assistance System market space?
What are the market opportunities, market risk, and market overview of the Driver Assistance System market?
What are sales, revenue, and price analysis of top manufacturers of the Driver Assistance System market?
Who are the distributors, traders, and dealers of the Driver Assistance System market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Driver Assistance System Industry?
What are sales, revenue, and price analysis by regions of Driver Assistance System industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Driver Assistance System Market Trends:
- The report identifies, determines, and forecasts the Global Driver Assistance System Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Driver Assistance System Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Driver Assistance System Market.

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