Advanced Driver Assistance Systems Market by Types and Sensor Types - Global Forecast to 2025 |The Insight Partners

Latest market study on “Advanced Driver Assistance Systems Market to 2025 - Global Analysis and Forecasts by Types and Sensor Types”, the report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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Advanced driver assistance systems (ADAS) is a technology that aids safe driving and notifies the driver if any risk is detected by the system from the nearby objects. Installing ADAS in vehicles to ensure safety and improve comfort are the key reasons driving the global ADAS market. In addition, dynamic features offered by ADAS include adaptive cruise control, blind spot-detection, drowsiness monitoring, night vision, parking assistance, lane departure warning and tire pressure monitoring. Automotive industry covers the safety of vehicle as well as passenger along with improvement in the design and engine of the vehicle, for its development. Thus, the increasing emphasis of consumers on safety coupled with the demand for comfortable driving experience are the factors driving the global ADAS market.

In addition, stringent government regulations to install ADAS to ensure passenger safety is further expected to bolster the global ADAS market. However, pricing pressure, difficulty in testing systems, complexity and inflation are some of the factors that hinder the global ADAS market. On the other hand, installation of ADAS in low cost vehicles, electronic content integration and an increase in the number of self-driving cars are the key opportunities for key players operating in the global ADAS market.

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North America and Europe dominate the global market for ADAS market. Compulsory implementation of ADAS systems by regulatory agencies is the key reason for growth of ADAS market in North America and Europe. Also, the European automotive industry is leading and most advanced industry in the world. Thus, with the automotive industry transforming rapidly, there is a significant penetration and adoption of ADAS in Europe. However, increasing number of vehicles, changing consumer preferences and rapidly increasing purchasing power are expected to bolster the global ADAS market in Asia Pacific region.

ADAS technologies facilitates daily driving tasks by decreasing the stress of driver and providing comfortable driving, thereby further enhancing comfort and luxury and adding safety along with the other benefits. However, cost burdens related with environmental factors and production complications hamper the global ADAS market.

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Segmentations Covered in the Advanced Driver Assistance Systems Market
• Type: Adaptive Cruise Control (ACC) System, Park Assist System, Blind Spot Detection (BSD) System, Drowsiness Monitor System, Lane Departure Warning (LDWS) System, Tire Pressure Monitoring System (TPMS), Others (Driver Monitoring System, Night Vision, Forward Collision Warning, HUD)
• Sensor Type: Ultrasonic Sensor, Image Sensor, Radar Sensor, Laser Sensor, IR Sensor, LiDAR Sensor
• Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)

Some of the leading players in Advanced Driver Assistance Systems Market Report
• Magna International Inc.
• Autoliv Inc.
• Continental AG
• Robert Bosch GmbH
• Valeo
• Denso Corporation
• General Motors
• Ford Motor Company
• NXP Semiconductors
• BMW AG
• Audi AG

Why Buy Advanced Driver Assistance Systems Market Report?
• Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products
• The key findings and recommendations highlight crucial progressive industry trends in the ADAS market, thereby allowing players across the value chain to develop effective long term strategies
• Get reliable information about the strategies manufacturers in this market use to drive revenue
• Gain insights into the competitive landscape, to strengthen market competitiveness and positioning
• Highlights key business priorities in order to assist companies to realign their business strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as the those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
• Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition

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