Advanced Driver Assistance Market: Increased Automobile Safety Regulations to Drive Market at 19.2% CAGR till 2020

With more than 50% of fatal car accidents worldwide caused due to head-on collisions, it is only natural that researchers are continuously looking for ways to increase automotive safety. Earlier, advanced driver assistance systems were the domain of mainly high-end luxury cars, but nowadays, they are finding their way into mid-range and economy vehicles as well.

Advanced driver assistance systems (ADAS) are now paving the path to piloted drive and fully autonomous vehicles. The proliferation of sensors in modern vehicles is fueling the evolution of advanced driver assistance systems (ADAS).

Rising disposable incomes, acknowledgement of the increasing importance of consumer safety, and installation of ADAS in low-cost cars as well as premium cars are significant factors boosting the demand for ADAS globally. According to a market research report by Transparency Market Research, the global ADAS market is projected to reach US$50.4 bn in 2020 from a value of US$14.8 bn in 2013, growing at a CAGR of 19.2% CAGR between 2014 and 2020.

Request Sample: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2914

The Role of V2X Communications in Driver Assistance Systems

ADAS are one of the fastest growing segments in automotive electronics. The technology is based on the sensor technology, car data networks, vision/camera systems, and vehicle-to-vehicle (V2V), or vehicle-to-infrastructure systems. ADAS extends a vehicle’s field of vision.

Vehicle-to-vehicle and vehicle-to-infrastructure (V2X) communication technologies help advanced driver assistance systems see what’s immediately around the car and down the road about 200 meters.

V2X provides information on conditions farther afield and allows cars to move at higher speeds with less space between them. This, in turn, offers greater fuel-efficiency, reduced emissions, and improved traffic flow, enhancing the overall safety of a vehicle.

Understanding the ADAS Market based on Legislations

The introduction of ADAS in cars induces several complex questions. One of the major questions is whether or not the current legislation frameworks in the automotive industry are able to accommodate smooth developments and market implementations of ADAS. This factor is strongly considered keeping automotive safety in mind.

Browse TOC of This Report: http://www.transparencymarketresearch.com/report-toc/2914

In addition, the need for establishing safety requirements in the design and marketing of ADAS as well as the issue of liability regulations is also in question. Growing concern among people regarding the increasing uncertainty about the occurrence of an unpreventable crash while driving and the response of ADAS technology to the same is an important issue that needs to be addressed by the automotive industry. A large majority of the major decision making on safety requirements mainly takes place at an international level.

Transparency Market Research (TMR) is a 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

90 State 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.