New Market Research Report Projected Adaptive Cruise Control Market, Automotive Sensors Market for Year 2016-2022

Synopsis
Advanced driver assistance systems (ADAS) are electronic elements fitted in different vehicles which warn drivers about any risks from his surroundings and hence, ensure safety while driving. The ADAS include radar cameras, sensors, electronic devices, and equipment. Image based sensor systems track and identify potential threats. ADAS, therefore, is used to provide an intelligent and enhanced driving experience for the driver.
The global market is anticipated to grow during the forecast period of 2016-2022.

Segmentation
ADAS market is segmented on the basis of geography and component type which are further divided into types and sensors. Parking assist system, adaptive front lighting system (AFS), Blind spot detection, Advanced emergency braking system (AEBS), Collision warning system, Electronic stability control(ESC), Driver drowsiness alert, Signal recognition market, Lane departure warning system (LDWS), and Adaptive cruise control are the various type of ADAS systems. Various ADAS sensors are an ultrasonic sensor, an infrared sensor, a radar sensor, an image sensor, and Laser sensor. Geographically, it is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.

Drivers
The importance of security measures to protect the driver, passengers, and pedestrians, federal regulations for road safety technological advancements, the growth of automobile industry and increasing awareness about these systems are significant aspects that drive the need to choose ADAS.

Restraints
Factors that will restrain market growth are the high cost of ADAS and complexity and difficulty in its testing systems.

Competitive Landscape
Major players in the ADAS markets concentrate on strengthening their position with adapting to newer technologies, innovations, and ideas. These advancements, therefore, are conducive to the market and their growth in it.

Key Players
The major market players for ADAS are Aisin Seiki Co. Ltd., Samvardhana Motherson (SMR), Panasonic Corporation, Autoliv Inc., Mobileye, Denso Corporation, etc.

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This release was published on openPR.