New
York NY 2 May 2019:
The Report “Advanced
Driver Assistance Systems (ADAS) Market By System (Adaptive Cruise Control,
Blind Spot Detection, Night Vision System, Intelligent Park Assist, Driver
Monitoring System, Adaptive Front Light, Blind Spot Detection, Tire Pressure
Monitoring System, Autonomous Emergency Braking System, Others) By Component
(Hardware (Sensors, Processors), Software, Services) By Vehicle Type, By
Electric Vehicles; By Region, Segments & Forecast, 2018 - 2026” The
global Advanced Driver Assistance Systems (ADAS) market was valued at $19.8
billion in 2017 and is anticipated to grow at a CAGR of 21.4% during the
forecast period.
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for sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/advanced-driver-assistance-systems-adas-market/request-for-sample
Advanced Driver Assistance Systems
offer improved passenger experience, comfort, and safety to vehicles and
drivers. Integration of advanced driver assistance systems into vehicles enable
enhanced situational awareness and control for easier and safer driving
experience. Some components enabling
efficient functioning of Advanced Driver Assistance Systems include LiDAR, sensors,
radar systems, artificial intelligence software, and GPS among others.
The demand for Advanced Driver
Assistance Systems or ADAS has increased over the years owing to rising
concerns regarding road safety, and growing incidents of road accidents.
Growing penetration of connected cars, and rising adoption of IOT further boosts
the market growth. The increasing advancements in technologies, growing
adoption of electric vehicles, and rising investments in R&D and
technological innovation further supplement the growth of this market.
Increasing demand for luxury vehicles, and rising development of autonomous
vehicles are factors expected to offer numerous growth opportunities during the
forecast period.
The report provides an extensive
qualitative and quantitative analysis of the market trends and growth prospects
of the Global Advanced Driver Assistance Systems Market, 2017-2026. This report
comprises a detailed geographic distribution of the market across North
America, Europe, Asia-Pacific, Latin America, and MEA. North America is further
segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK,
Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China,
India, Japan, and Rest of Asia-Pacific.
Browse
Complete summary of this report with TOC on “Advanced Driver Assistance Systems
(ADAS) Market by Application and End User – Global Industry Analysis and
Forecast to 2026” at: https://www.polarismarketresearch.com/industry-analysis/advanced-driver-assistance-systems-adas-market
North America generated the highest
revenue in 2017 owing to increasing incidents of road accidents and growing
safety concerns. High disposable income, and improved living standards in the
region support market growth. Technological advancements in the region, along
with presence of leading market players is expected to boost the adoption of
Advanced Driver Assistance Systems in North America.
Competitive
Landscape and Key Vendors
The global Advanced Driver
Assistance Systems market is characterized by the presence of well-diversified
international and small and medium-sized vendors. These companies are
consistently launching new products to enhance their offerings in the market.
With the advancement of technologies, companies are innovating and introducing
new customized products to cater the growing needs of the customers. Leading
companies are also acquiring other companies, and enhancing their product
offerings to improve their market reach. Acquisitions enable key players to
increase their market potential in terms of geographic expansion and expansion
of customer base.
The leading companies profiled in
the report include Denso Corporation, Robert Bosch GmbH, Infineon Technologies
AG, Continental AG, Intel Corporation, Texas Instruments, Valeo S.A., Magna
International, Inc., Autoliv Inc., and Garmin Ltd.
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Inquiry about this report @ https://www.polarismarketresearch.com/industry-analysis/advanced-driver-assistance-systems-adas-market/inquire-before-buying
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