Global Automotive Advance Driver Assistance System Market 2016-2020
About Automotive Advanced Driver Assistance Systems (ADAS)
ADAS essentially consist of sub-systems and features that work independently or are combined together to provide assistance, which is not only restricted to safety but can also span comfort as well as a broad spectrum of convenience for drivers of modern day automobiles. ADAS are defined as those systems, which provide essential information, as well as automate difficult-to-perform or tiresome and repetitive tasks, with a goal that is not limited to enhancing the safety and security of everyone on the road, including pedestrians. This definition of ADAS is purposefully kept as fluid as possible keeping in mind the fact that the ADAS landscape is ever-changing. These constant changes are engendered by the advances in automotive as well as non-automotive electronics, besides the advent of better and smarter algorithms, which are constantly in search of near-human intelligence.
Technavio’s analysts forecast the global automotive advanced driver assistance systems (ADAS) market to grow at a CAGR of 19.63% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive advanced driver assistance systems (ADAS) market for 2016-2020. To calculate the market size, Technavio considers a combination of top down and bottom up approaches, wherein our in-house databases have been used to arrive at the global ADAS market. The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Advance Driver Assistance System Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive advance driver assistance system market: Bosch, Continental, Delphi, Magna, Valeo, and ZF-TRW.
Other prominent vendors in the market are: ADASENS Automotive, BASELABS, Bosch SoftTec, CogniVue, Elektrobit, Jasmin Infotech, Navigon, NexyadMobileye, Omnivision, Aptina, nVidia, Qualcomm, FreescaleIAV, KPIT Cummins, Neusoft, Ricardo, Tata Elxsi, Tata Consulting, and Wipro.
Commenting on the report, an analyst from Technavio’s team said: “Cameras are expected to have the best growth rate across all sensor types in ADAS and will replace side and rear-view mirrors in automobiles. The automobile manufacturers are replacing rear and side-view cameras with HD cameras, which stream videos to the display units installed on the dashboard, thereby offering the several benefits to the users. Moreover, the use of cameras helps in improving safety and preventing rear-end collisions.”
According to the report, the quest for automobile safety is considered one of the key drivers in the development of advanced automobile safety systems. Advanced safety and security features are no longer limited to premium vehicles. Consumers are now more aware of safety systems and technologies and are taking an interest in improving the safety systems of their vehicles. As a result, electronic equipment such as cameras and sensors are now being installed even in entry-level vehicles
Further, the report states that the introduction of cameras in automobiles has increased the complexity of the vehicle console as well as the likelihood of the failure of a system component, spontaneous error by the driver, and an error in the system design. Driver assistance systems combined with cameras are being implemented to replace human manual control with automatic devices.
Bosch, Continental, Delphi, Magna, Valeo, ZF-TRW, ADASENS Automotive, BASELABS, Bosch SoftTec, CogniVue, Elektrobit, Jasmin Infotech, Navigon, NexyadMobileye, Omnivision, Aptina, nVidia, Qualcomm, FreescaleIAV, KPIT Cummins, Neusoft, Ricardo, Tata Elxsi, Tata Consulting, Wipro.
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