Global Commercial Vehicle Advance Driver Assistance Systems Market 2016-2020
About Advanced Driver Assistance Systems (ADAS) Market
Sources indicate that the market for ADAS in the passenger cars category showed the highest growth, owing to the rapid penetration in the mass segments that were earlier restricted only to the luxury vehicles segment. The commercial vehicle OEMs will likely follow suit owing to market potential.
Technavio’s analysts forecast the global commercial vehicle advanced driver assistance systems (ADAS) market to grow at a CAGR of 14.04% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial vehicle advanced driver assistance systems (ADAS) market for 2016-2020. To calculate the market size, the report considers the revenue from the fitment of ADAS in commercial vehicles.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Vehicle Advanced Driver Assistance Systems (ADAS) Market 2016-2020
Technavio recognizes the following companies as the key players in the global commercial vehicle advanced driver assistance systems (ADAS) market: Continental, Bosch, Delphi, and WABCO Vehicle Control Systems.
Other Prominent Vendors in the market are: Auto-I, Autoliv, AWTI, Bendix, Denso, Ficosa International, Ford Motor, GENTEX, Magna International, Mando, Meritor WABCO, Mobileye, Peloton, Preco Electronics¸ Renault, Renesas, Safe Drive Systems, Schrader, Subaru of America, Takata, Toyota, Valeo, and ZF.
Commenting on the report, an analyst from Technavio’s team said: “one of the key trends for market growth will be the emergence of new businesses and opportunities for other vertical market adjacencies. As the ADAS penetration in commercial vehicle increases, Technavio believes that this will pave the way for adjacent market opportunities.”
According to the report, regulation backing will be a key driver for market growth. Governments of many countries are enhancing their focus on safety regulations. As a result, automotive active safety systems are being integrated in automobiles.
Further, the report states that one of the challenges for the market will be the potential negative impact of existing regulations. Regulation (EU) N°165/2014 is the digital tachograph legislation that aids in enforcing the rules on monitoring driving times and rest periods of professional drivers. This regulation may have a negative impact on the penetration of connected truck technologies but will inherently drive the adoption of ADAS in trucks. This is because connected truck technologies like truck platooning, which allows drivers in trailing trucks to rest during the entire journey or even negate the use of the driver in trailing trucks, may not align with the mentioned regulation. Therefore, the digital tachograph legislation may require further amendments to enable truck platooning.
Continental, Bosch, Delphi, WABCO Vehicle Control Systems, Auto-I, Autoliv, AWTI, Bendix, Denso, Ficosa International, Ford Motor, GENTEX, Magna International, Mando, Meritor WABCO, Mobileye, Peloton, Preco Electronics¸ Renault, Renesas, Safe Drive Systems, Schrader, Subaru of America, Takata, Toyota, Valeo, ZF.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook