Press release
Global Advanced Driver Assistance System (ADAS) Market to Touch US$50.48 bn by 2020 with Stricter Implementation of Safety Regulations
An advance driving assistance system not only assists the driver, but ensures their safety. The increasing demand for a comfortable driving experience, increasing number of safety regulations in emerging nations, and several government initiatives to avoid road accidents are some of the major factors driving the global ADAS market. In addition, the deployment of ADAS in low-cost cars and rising number of autonomous cars are the key opportunities for the major players operating in the market. However, cost pressures and complexity are estimated to hamper the growth of the market in the coming years.Among the major types of ADAS, in 2013, the adaptive cruise control segment dominated the market, holding an 18.15% share in the global ADAS market. On the other hand, the tire pressure monitoring system segment is anticipated to register an impressive 21.10% CAGR between 2014 and 2020. Furthermore, on the basis of technology, the global market for ADAS has been classified into radar sensors, ultrasonic sensors, image sensors, infrared sensors, and laser sensors. The market size, share, and forecast figures are further included in the research study.
PDF Sample For Full Details with Technological breakthroughs is @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2914
Among the major geographical segments, in 2013, North America dominated the global ADAS market, owing to the stringent environmental and safety regulations and higher consumer preference to own an advanced vehicle comprising the latest technology. Moreover, consumers in North America are preferring automobiles equipped with advanced comfort systems and features that are in compliance with the safety and health protocols imposed by the government.
On the other hand, the Asia Pacific ADAS market is projected to register a progressive 20.50% CAGR between 2014 and 2020. The rapid growth of this region can be attributed to the changing buyer preferences, growing vehicle demand, and growing purchasing power. Furthermore, the favorable policies in several countries in the Middle East and Africa and Latin America are further fuelling the growth of the Rest of the World market.
The research study further provides a clear picture of the competitive landscape of the global market for advanced driver assistance, including the company profiles, contact information, financial overview, product portfolio, business policies, and recent developments. The leading players operating in the global market include Bayerische Motoren Werke Aktiengesellschaft, Robert Bosch GmbH, Magna International Inc., Valeo, Audi AG, Ford Motor Company, General Motors Company, Hyundai Motor Company, Autoliv Inc., Continental AG, Denso Corporation, and Honda Motor Company.
Transparency Market Research, a global market intelligent firm recently made an announcement regarding the publication of a new market research study made available on the company website. The research report, titled “Advanced Driver Assistance System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2020,” offers a detailed study of the market, focusing on the major growth drivers, restraints, and challenges.According to the research report, in 2013, the global advanced driver assistance system (ADAS) market for was valued at US$14.80 bn and is anticipated to reach a value of US$50.48 bn by the end of 2020. The market is projected to display a 19.20% CAGR from 2014 to 2020.
Browse the full Advanced Driver Assistance Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2020 report at http://www.transparencymarketresearch.com/advanced-driver-assistance-market.html
Key Segments of the Advanced Driver Assistance System Market:
Advanced Driver Assistance System Market: By type
Adaptive Cruise Control (ACC)
Blind Spot Detection (BSD) System
Park Assist
Drowsiness Monitor System
Lane Departure Warning (LDWS) System
Tire Pressure Monitoring System (TPMS)
Others (night vision, driver monitoring system, forward collision warning, heads up display)
Advanced Driver Assistance System Market: By technology
Ultrasonic Sensors
Image Sensors
Radar Sensors
Laser Sensors
Infrared Sensors
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
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 Global Advanced Driver Assistance System (ADAS) Market to Touch US$50.48 bn by 2020 with Stricter Implementation of Safety Regulations here
News-ID: 373672 • Views: …
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction
Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,…
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control…
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights
The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
The demand for crude oil is increasing…
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction
In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027
Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon…
More Releases for ADAS
Automotive ADAS (Advanced Driver Assistance Systems (ADAS)) Market Industry Anal …
Automotive ADAS (Advanced Driver Assistance Systems) Market Size is Projected to Reach USD 74.75 Billion by 2032, Growing at a CAGR of 11.98 % From 2024-2032.
Advanced Driver-Assistance Systems (ADAS) enhance vehicle and road safety by utilizing sensors, cameras, and automated technology to detect nearby obstacles and provide critical safety features such as pedestrian detection, lane departure warning, automatic emergency braking, and blind spot detection. These systems play a pivotal…
ADAS Film Heaters Market Research Report
ADAS (Advanced Driver Assistance Systems) camera heaters are components integrated into vehicles equipped with ADAS technologies to prevent the formation of ice, frost, or condensation on the camera lenses. These heaters are designed to ensure the proper functioning of ADAS cameras, which play a crucial role in features such as lane departure warning, collision avoidance, and adaptive cruise control. In cold or inclement weather conditions, the camera heaters help maintain…
ADAS Market Worth $40.2 Billion by 2029
According to a new market research report titled, 'ADAS Market by System Type, Component (Sensors, Actuators), Vehicle Automation, Vehicle Type, End User, and Geography - Global Forecast to 2029,' the global ADAS market is projected to reach $40.2 billion by 2029, at a CAGR of 21.6% from 2022 to 2029.
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5377
The growth of this market is attributed to the Increasing ADAS adoption due to stringent…
Automotive ADAS Chip Market 2023 | Detailed Report
ReportsnReports publishes the report titled Automotive ADAS Chip that presents a 360-degree overview of the market under one roof. The report is developed with the meticulous efforts of an enthusiastic and experienced team of experts, analyts, and researchers that makes the report a valuable asset for stakeholders to make robust decisions. This report also provides an in-depth overview of product type, specification, technology, and production analysis considering vital factors like…
ADAS Market Insights, Growth Forecast to 2025
The Global ADAS Market research by Market Study Report. It offers a feasibility analysis for investment and returns supported with data on development trend analysis across important regions of the world
Global ADAS Research Report presents a competitive assessment and detailed statistical analysis on Global ADAS Industry prospects. The ADAS Report will enlighten the readers with market dynamics and market trends to provide a holistic market overview. The key aspects of…
What is ADAS
What is ADAS?
ADAS, as also known as, the advanced driver assistance system. It was designed to protect drivers from avoidable car accidents and reduce the loss of life and property caused by driver fatigue and distracted driving. The highest level of ADAS implementation would be Tesla’s Autopilot which employs adaptive cruise control, auto-centering, collision avoidance, etc. However, not everybody wants to pay thousands of dollars Tesla’s ADAS package. The Acumen…
