360 MARKET UPDATES Report provides a 360-degree overview of the global Advanced Driver Assistance Systems Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Advanced Driver Assistance Systems Market – Growth, Trends, and Forecast (2018 – 2023)”
Global “Advanced Driver Assistance Systems Market” is expected to register a CAGR of approximately XX% during the forecast period of (2018 – 2023). Also, Advanced Driver Assistance Systems Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Advanced Driver Assistance Systems Analysis.
Advanced Driver Assistance Systems market Report provides a 360-degree overview of the global Advanced Driver Assistance Systems market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Advanced Driver Assistance Systems Market Report Covers Leading Manufacturers: Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, WABCO Holdings Inc, Mobileye, Denso Corporation, ZF Friedrichshafen AG, Aisin Seiki Co. Ltd, Autoliv Inc., Valeo SA, Hyundai Mobis, Magna International, Hella KGAA Hueck & Co
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Concerns over Safety among the Passengers is Increasing the Demand for ADAS
The development of driver assistance systems is governed and regulated by international safety standards, like IEC-61508 and ISO-26262, as these systems depend on electronics for their functionality. In US, the FMCSA aims to reduce the number of fatalities and accidents involving passenger vehicles, large trucks, and buses. The key safety goal of the US federal motor carrier safety administration (FMCSA) is to reduce the number and severity of commercial motor vehicle (CMV) crashes. To achieve this goal, the FMCSA has collaborated with the truck industry to test, evaluate, and facilitate the use of various onboard safety systems for commercial vehicles to improve the safety of pedestrians. In addition, initiatives, like the national highway traffic safety administration (NHTSA)s safe car Project, have helped to significantly drive the adoption of ADAS systems in domestic vehicles of North America, in turn acting as a driver for the market growth in the region.
High Costs and Software Failures have hindered the Growth of the Market
The growth of the ADAS market is currently hindered by the growing incidence of software failures in sensors, coupled with the high costs of these systems that have acted as major restraining factors for the wide acceptability of these systems. However, the rapidly expanding hybrid and electric vehicle market, along with the growth of the autonomous vehicles, are expected to help augment the ADAS in these vehicles, thereby, driving the growth of the market significantly, during the forecast period.
European Automotive Industry has one of the Highest Adoption Rate of ADAS
The European automotive industry is one of the most innovative automotive markets in the world. With a massive transformation in the industry post the recession period of 2010, there has been a rapid penetration and mass adoption of ADAS by the OEMs and customers. There are regular upgrades in the ADAS technology that facilitate competitiveness in the market, making it one of the largest markets in the global ADAS industry.
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Reasons to Purchase Advanced Driver Assistance Systems Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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