Global ADAS Market 2015-2019
About Advanced Driver Assistance Systems (ADAS)
ADAS are systems that support, complement, or substitute the driver of a vehicle. They use radar and cameras to assist the drivers by providing real-time information about the surroundings. These systems help drivers to avoid collisions and accidents. OEMs are focusing on adopting advanced safety features such as ADAS because of growing government regulations focused on the safety of passengers and drivers.
TechNavio's analysts forecast the Global ADAS market to grow at a CAGR of 24.97 percent over the period 2014-2019.
Covered in this Report
The Global ADAS market can be segmented into seven categories: Tire pressure monitoring system (TPMS), park assistance system (PAS), adaptive cruise control (ACC), blind spot detection (BSD), night vision system (NVS), lane departure warning system (LDWS), and others (including adaptive front lighting, drowsiness monitor, forward collision warning, head-up display, and driver monitoring systems). These are sets of methodologies and technologies that transform unstructured and structured data into meaningful and useful information processes.
TechNavio's report, Global ADAS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe, North America, the APAC region, and the ROW; it also covers the Global ADAS market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global ADAS Market 2015-2019
Technavio recognizes the following companies as the key players in the Global ADAS Market: Continental AG, Delphi Automotive LLP, Denso Corp., Magna International Inc., Robert Bosch GmbH and Valeo SA
Other Prominent Vendors in the market are: Aisin Seiki, Autoliv, Ficosa International, FLIR Systems, Freescale Semiconductor, GENTEX Corporation, Hella KgaA Hueck, Hitachi, Hyundai Mobis, Infineon Technologies, Mando, Mobileye, Renault Group, Renesas Electronics, Texas Instruments, TRW Automotive Holdings and WABCO Holdings
Commenting on the report, an analyst from Technavio’s team said: “Increased demand from the developing countries for night vision systems and blind spot detection in vehicles is one of the key trends being observed in this market. Improved economic conditions in these countries, growing safety concerns among consumers, and increased road accidents as a result of poor visibility at night, while changing lanes, or merging with traffic have increased the demand for ADAS.”
According to the report, the growing concern among consumers about automobile safety has resulted in increased demand for ADAS. The demand for in-vehicle electronic devices such as cameras, radar systems, and sensors that are used to examine road conditions and help to avoid accidents has increased.
Further, the report states that the high cost of ADAS because of the implementation of expensive technologies and systems such as cameras, sensors and radar and the high maintenance cost associated with the proper functioning of these systems hinder their sales. This limits their usage to luxury vehicles.
Continental, Delphi Automotive, Denso, Magna International, Robert Bosch, Valeo, Aisin Seiki, Autoliv, Ficosa International, FLIR Systems, Freescale Semiconductor, GENTEX, Hella KgaA Hueck & Co., Hitachi, Hyundai Mobis, Infineon Technologies,Mando, Mobileye, Renault Group, Renesas Electronic, Texas Instruments, TRW Automotive Holdings, WABCO Holdings
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