At 13% CAGR, ADAS Market to value $65bn 2024 | Top Companies: Autoliv, Continental, Delphi, DENSO, Panasonic, HELLA, Magna International, NVIDIA, Texas Instruments, Valeo
According to research report by Global Market Insights, Inc., Europe advanced driver assistance system market will witness over 14% CAGR to 2024. Government regulations mandating installation of safety systems in vehicles will support the ADAS industry growth.
SELLBYVILLE, Del., Oct. 17, 2018 /PRNewswire-PRWeb/ -- PCV will dominate the advanced driver assistance system (ADAS) market, accounting for over 65% volume share by the end of 2024. Rising road safety concerns has led to their increased installation in these vehicles. Rising demand for ADAS installation in vehicles owing to increasing concerns regarding driver safety will significantly contribute towards the revenue generation. Moreover, substantial rise in the sales of premium vehicles across the globe will further strengthen the product penetration. HCVs are likely to grow substantially owing to stringent regulations regarding ADAS installation in these vehicles in developed regions such as Europe.
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Image sensors dominated the industry share contributing over 33% of the ADAS market revenue in 2016. Evolution of modern computer vision analysis system with effective object identification will support the product penetration. Strong outlook for image sensors in auto high beam, blind spot detection, lane departure warning systems, night vision and surround view systems will support the business growth.
OEMs dominated the global advanced driver assistance system (ADAS) market share and are anticipated to remain dominating in forecast timeframe due to increasing adoption of safety standards. Increasing preference for safety systems among manufacturers to improve brand identity and ensure travel security will support the demand. OEMs are focused on strategic partnerships and collaborations with technology providers including sensors and other semiconductor suppliers.
North America advanced driver assistance system market is expected to acquire maximum volume share of more than 34% over the next eight years. Rising number of testing procedures for these technologies along with established automobile industry in the region will primarily contribute to the high revenue generation. Higher penetration of ADAS and stringent regulatory norms regarding their mandatory installation will further support the regional dominance.
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Asia Pacific advanced driver assistance system (ADAS) market will grow rapidly, exhibiting over 14.5% CAGR from 2017 to 2024. Rising traffic safety concerns and increasing demand from countries including Japan, China, and South Korea will further strengthen the industry penetration in the region.
Europe ADAS market will witness CAGR over 14% up to 2024. Government regulations mandating installation of safety systems in vehicles will support the industry growth. Institutional initiatives including Euro NCAP to promote driving assistance systems will drive the product penetration. In addition, presence of key automobile manufacturers provides a positive outlook for the regional demand.
Autoliv, Bosch, Continental, Delphi, DENSO, Panasonic, HELLA, Magna International, NVIDIA, Renesas Electronics, Texas Instruments, Valeo, Gentex Corporation, Hyundai MOBIS, Mobileye, Harman International, and Takata are the key players in the advanced driver assistance system market. Mergers & acquisitions, new product launches, collaborations and supply agreements are among major strategies adopted by industry participants.
Browse key industry insights spread across 350 pages with 727 market data tables & 10 figures & charts from the report Advanced Driver Assistance System (ADAS) Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/adas-market
Table of Contents (ToC) of the report:
Chapter 4. ADAS Market, By Technology
4.1. Global ADAS market share by technology, 2016 & 2024
4.2. Adaptive cruise control
4.2.1. Market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Automatic high beam control
4.3.1. Market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. Autonomous park assist
4.4.1. Market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Blind spot detection
4.5.1. Market estimates and forecasts, 2013 – 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Driver monitoring
4.6.1. Market estimates and forecasts, 2013 – 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
4.7. Forward collision warning
4.7.1. Market estimates and forecasts, 2013 – 2024
4.7.2. Market estimates and forecast, by region, 2013 – 2024
4.8. Front lighting
4.8.1. Market estimates and forecasts, 2013 – 2024
4.8.2. Market estimates and forecast, by region, 2013 – 2024
4.9. AEB
4.9.1. Market estimates and forecasts, 2013 – 2024
4.9.2. Market estimates and forecast, by region, 2013 – 2024
4.10. Night vision
4.10.1. Market estimates and forecasts, 2013 – 2024
4.10.2. Market estimates and forecast, by region, 2013 – 2024
4.11. Head-up Display
4.11.1. Market estimates and forecasts, 2013 – 2024
4.11.2. Market estimates and forecast, by region, 2013 – 2024
4.12. Lane departure warning
4.12.1. Market estimates and forecasts, 2013 – 2024
4.12.2. Market estimates and forecast, by region, 2013 – 2024
4.13. Park assist
4.13.1. Market estimates and forecasts, 2013 – 2024
4.13.2. Market estimates and forecast, by region, 2013 – 2024
4.14. Surround view system
4.14.1. Market estimates and forecasts, 2013 – 2024
4.14.2. Market estimates and forecast, by region, 2013 – 2024
4.15. Traffic sign recognition
4.15.1. Market estimates and forecasts, 2013 – 2024
4.15.2. Market estimates and forecast, by region, 2013 – 2024
4.16. Tire pressure monitoring system
4.16.1. Market estimates and forecasts, 2013 – 2024
4.16.2. Market estimates and forecast, by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/adas-market
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