Press release
Highway Drive-Assist Market Demand For Vehicle Highway Driving Aid Systems in Upcoming Years
Demand Analysis of Highway Drive-Assist Market Overview:Highway Drive-Assist Market is predicted to grow at a moderate CAGR of 6.3% during the forecast period covering 2022 to 2029. Highway Drive-Assist Market share is estimated to reach a value of nearly US$ 2,300 million by 2029.
The "Highway Drive-Assist Market" think about 2022, the industry landscape is secured from driving factors to upstream markets and the by and large state of the market. An in-depth examination of the by and large development prospects for the worldwide and regional market was given which was based on an in-depth investigation of key industry players, essential and secondary information.
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During the forecast period, a surge in demand for advanced driver aid systems in automobiles is likely to propel the highway driving assist market. The advancement and growth of the automobile industry are focused not only on engine and design, but also on the safety of a motorist, vehicle, and pedestrian. Road accidents occur as a result of driver errors and can be prevented by including a highway driving assist system, which significantly minimizes security concerns, increases highway safety, and reduces vehicle accidents. The advantages mentioned above are also projected to drive demand for vehicle highway driving aid systems over the forecast period. However, the increased cost of the technology limits the number of ADAS deployments in mid-range vehicles. During the forecast period, this is projected to restraint the highway driving assist market.
Highway driving assist is a technology of the advanced driver assist system (ADAS), which is widely considered as the foundation of self-driving and autonomous cars. The highway driving assist aims to counter traffic by maintaining the car at a constant distance and reducing the motorist's worry and weariness.
Industry Developments-
In June 2019, ZF Friedrichshafen developed a Dual-cam two-lens camera specifically designed for the commercial truck market and will be used in concert with other ZF ADAS technologies. The new camera will join the company's S-Cam4 family of automotive-grade cameras and is designed to help meet varying global regulatory requirements and delivers advanced functions such as Traffic Sign Recognition, Lane Keeping Assist and Centering an object, and pedestrian detection to enable Automatic Emergency Braking and it is expected to launch in 2020.
Competitive and Segmentation Analysis-
As well as giving an outline of effective promoting procedures, market contributions, and later improvements of driving companies, the report moreover offers a dashboard diagram of driving companies' past and display execution. A few strategies and analyses are utilized within the inquire about report to supply in-depth and precise data approximately the Highway Drive-Assist Market.
Market Growth Reports lists out all the Highway Drive-Assist Market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:, Robert Bosch, ZF Friedrichshafen, Magna, Continental, Valeo, and others.
Report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Key Segments
Highway Drive Assist Market by Type, 2020-2029, (USD Million) (Thousand Units)
Mid Segment
Luxury Segment
Highway Drive Assist Market by Function, 2020-2029, (USD Million) (Thousand Units)
Adaptive Cruise Control
Lane Keeping Assist
Lane Centering Assist
Collision-Avoidance Assist
Highway Drive Assist Market by Component, 2020-2029, (USD Million) (Thousand Units)
Camera
Radar
Ultrasonic Sensor
Software Module
Navigation
Detailed Table of Content
Introduction
Research Scope
Market Segmentation
Research Methodology and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Global Market Overview
Key Market Indicators
Emerging Market Trends
Macro and Micro Economic Factors
Production Process Analysis
Industry SWOT Analysis
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Global Highway Drive-Assist Market, by Region
The North American market is predicted to expand the market during the projected period.
Because of the high rate of adoption of active safety systems such as ADAS and the growth of the automotive sector in these areas, North America and Europe account for a significant portion of the worldwide highway driving aid market. The European Union's laws on safety requirements and the adoption of ADAS in new cars are predicted to be a prominent driver in the area, propelling the highway driving assist market over the forecast period.
North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central and Eastern Europe)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of L.A.)
Middle East and Africa (Turkey, GCC, Rest of Middle East)
Research Methodology-
Secondary research, primary research, subject matter expert assistance, quality check, and final review were the five phases of the research study on the Highway Drive-Assist Market. Market statistics and coherent models were used to assess and forecast market data. Market shares and significant trends were also taken into account when preparing the research. Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis, and Vendor Share Analysis are some of the various data models available.
Highlights of Highway Drive-Assist Market:
Market Expansion: Comprehensive information on the product portfolios of the top players in the Highway Drive-Assist Market Size.
Product Development/Innovation: Detailed insights on the upcoming technologies, R and D activities, and product launches in the market
Evaluation of Competitors: depth assessment of the market strategies, geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Diversification of the Market: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Highway Drive-Assist Market.
Reasons to Purchase this Report
The most recent market developments, market shares, and strategies implemented by the major market players
The market segment that is expected to dominate, as well as the market segment with the highest CAGR throughout the forecast period
The current and future state of the global cryogenic equipment industry in developed and emerging markets
Regions/countries expected to have the fastest growth rates at some point during the forecast period
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About Us: Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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