New York June 25, 2019 - According to a new report released by Research On Global Markets, the global advanced driver assistance systems (ADAS) market is projected to expand rapidly at a compound annual growth rate (CAGR) of 21.1%, reaching a market value of USD 31.9 Bn in 2023. The growth of the market is influenced by rising concerns surrounding consumer safety, consumer preference towards advanced auto features, government initiatives and technological innovations.
According to the report, the global market for advanced driver assistance is segmented into vehicles, sensors, components and regions.
The vehicle segment held a market share of 79% in 2017. The demand for ADAS is higher in private vehicles as features such as lane assistance, blind spot detection and active cruise control are geared towards personal use. One of the crucial factors that have led to the accelerated growth of this segment are the recent regulations that mandate the use of ADAS feature in commercial vehicles, leading to an expected CAGR of 24% during the 2018-2023 period.
Based on the component segment the ACC segment held the largest market share of 21.1% in 2017, being the most preferred feature to control speed. Parking assistance held second position. In urban areas, there is an increased use of parking assistance, since it helps in efficient parking, reduces traffic congestion by up to 30%. AEB is expected to witness the highest growth ie. 32% during the forecasted period.
Based on sensor technologies, the image sensors segment dominated the market with 3.6% share in 2017 and generated a revenue of 3.2 Bn. The radar sensors segment got a market share of 29.8% due to its use in multiple ADAS features such as ACC, BSD and automatic emergency braking (AEB).
Based on region, North America is the leader in the ADAS market with a market share of 34%. Factors such as the presence of leading players in the region such as Delphi technologies and Ford, innovations in technology and strict regulations regarding road safety has fuelled the growth of the market in this region. Asia pacific is anticipated to expand at a CAGR of 28.6%. The global advanced driver assistance systems (ADAS) market is projected to expand rapidly at a compound annual growth rate (CAGR) of 21.1%, reaching a market value of USD 31.9 Bn in 2023.The forecast period and is seen as a fast growing automotive market.
Key segments of the market:
1. Global market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis
2. Trends in the global advanced driver assistance systems market
3. Qualitative analysis of the global drivers and challenges affecting the market and its segments
4. Porter’s five forces analysis
5. Value chain analysis
6. Market segmentation based on vehicles (private vehicles and commercial vehicles) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7. Market segmentation based on sensors (image sensor, radar sensor, lidar sensor, and others [ultrasonic, infrared and laser sensors]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
8. Market segmentation based on components (adaptive cruise control [ACC], parking assistance [PA], lane departure warning [LDW], tire pressure monitoring [TPM], blind spot detection [BSD], autonomous emergency braking [AEB], and others [adaptive front lighting, drowsiness monitor, forward collision warning, head-up display, and driver monitoring systems]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
9. Competitive landscape
For more information, download Global Advanced Driver Assistance Systems Market: https://www.researchonglobalmarkets.com/global-advanced-driver-assistance-systems-adas-market-2018-2023.html
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Global Advanced Driver Assistance Systems Market to Expand at 21.1% till 2023
A new report published by Research on Global Markets titled "Global Advanced Driver Assistance Systems Market (2018 – 2023)" studies the performance of the global advanced driver assistance systems (ADAS) market over a five year assessment period from 2018 to 2023.
According to the Research On Global Markets analysts, global advanced driver assistance systems market is projected to expand at a compound annual growth rate (CAGR) of 21.1% during the 2018-2023 period, to reach a value of USD 31.9 Bn by 2023.Global Advanced Driver Assistance Systems Market – Market SegmentationThe report published by Research On Global Markets features comprehensive analysis of the different segments of the global advanced driver assistance market based on vehicle, sensor, and component.
With respect to vehicle, the demand for ADAS is higher in private vehicles, and the segment held a market share of 79% in 2017.
However, with recent regulations mandating the use of ADAS features in commercial vehicles, the commercial vehicle segment is expected to expand at a CAGR of 24% during the forecast period.Among the sensors, image sensors segment dominated the market with a 30.6% share in 2017 and generated a revenue of USD 3.2 Bn.
Close on its heels, radar sensors held a market share of 29.8% during the same period.
Also, in terms of components, ACC held the largest market share of 21.1% in the components segment in 2017, being the most preferred feature to control speed.
The report titled ‘Global Advanced Driver Assistance Systems (ADAS) Market Report Forecast to 2027’ provides an in-depth study of the Advanced Driver Assistance Systems (ADAS) sector.
The analysis contained in the report includes a pictorial representation of crucial information relating to the global Advanced Driver Assistance Systems (ADAS) business, along with an extensive investigation of the regional landscape.
The report also provides a detailed evaluation of the critical elements of the global Advanced Driver Assistance Systems (ADAS) market, including product types, applications, end-uses, regions, and leading players.Market Size – USD 19.57 Billion in 2018, Market Growth - CAGR of 22.57%, Market Trends – Growing automotive industry has proliferated the rising need for safety of the vehicle as well as the passengers, thus in turn foserting the growth of the Advanced Driver Assistance Systems market.
Get a Sample Copy of the Advanced Driver Assistance Systems (ADAS) Market Report (Submit your official email ID to get priority) https://www.reportsanddata.com/sample-enquiry-form/2202 The Global Advanced Driver Assistance Systems (ADAS) Market gives an outline of the current market dynamics by scrutinizing factors such as the drivers, trends, opportunities, challenges, and restraints in the forecast years (2020-2027).
It traces the competitive landscape in the Advanced Driver Assistance Systems (ADAS) industry, which underlines different aspects like product offerings, production capacity, techniques, cost structure, value chain, financial standing, sales margin, and other notable developments recorded in the Advanced Driver Assistance Systems (ADAS) sector.Additionally, this report also offers an analysis of both short-term and long-term strategies adopted by the key companies in the global Advanced Driver Assistance Systems (ADAS) business.
The scope of all segments and sub-segments has also been included in the report.
In this report, the global Advanced Driver Assistance Systems (ADAS) market to reach 51 billion USD by 2022 from 11 Billion USD in 2016, growing at a CAGR of 26.98% between 2016 and 2022.
There is a rising demand for passenger car applications.
Moreover, the popularity of ADAS system in family car creating a huge demand for Advanced Driver Assistance Systems (ADAS) worldwide.
The major factors driving the growth of the Advanced Driver Assistance Systems (ADAS) market further include the promotion of government policy and the increasing consumer demand for safety.
In 2015, parking assist systems held the largest share in the market owing to the development of the partial and fully autonomous cars.
This system helps the driver to safely park the cars in the exhaustive and challenging situation by giving a full perspective of the vehicle back side including the blind spots.
Through a secure human Machine interface, ADAS enhance road and vehicle safety for drivers.
Additionally, these electronic devices are designed to improve drivers' awareness, and thus, make the driving experience safer and more enjoyable.
This information is then fed into a central display, which show various road and weather conditions, and other factors that affect driving safety, such as vehicle deformation, bumps and obstructions, and even the presence of hazards, on the road.
This is particularly useful for seniors, who may not be able to respond quickly enough to emergencies when the vehicle in front is making a turn or lane change, and may not be able to take evasive action in time.
Neuro-networks are characterized by large collections of interrelated brain cells.
This enables these brain cells to rapidly recognize the actions of single neurons and to associate those behaviors with the particular state they're in.
The global advanced driver assistance systems (ADAS) market is projected to expand rapidly at a compound annual growth rate (CAGR) of 21.1%, reaching a market value of USD 31.9 Bn in 2023.
Rising concerns regarding consumer safety, government initiatives, consumer preference towards advanced auto features, and technological innovations will stoke the growth of the market.Global Advanced Driver Assistance Systems Market (2018-2023) Download Free Sample Report @ https://www.radiantinsights.com/research/global-advanced-driver-assistance-systems-market-2018-2023/request-sample Vehicle segment insights:The demand for ADAS is higher for private vehicles since features such as blind spot detection (BSD), lane assistance, and active cruise control (ACC) are geared for personal use.
This is why it held a market share of 79% in 2017.
The presence of leading players in the region (such as Ford and Delphi Technologies), strict regulations regarding road safety, and innovations in technology have fuelled the growth of the market in this region.
Companies covered:• Continental AG• Autoliv Inc.• Delphi Technologies• Denso Corporation• Bosch• Magna International• BMW AG• Ford Motor Co.• Aisin Seiko Co., Ltd.• Mobileye Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-advanced-driver-assistance-systems-market-2018-2023 Table of ContentsChapter 1.
Market segmentation based on sensors (image sensor, radar sensor, lidar sensor, and others [ultrasonic, infrared and laser sensors]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations 2.9.
Among all the vehicles type segments, the passenger vehicle type is dominating and it held major share of $45.62 billion in 2017 and is projected to reach $121.165 million by 2023 at a CAGR of 19.11%.
To access full report click on below link:https://industryarc.com/Report/20/advanced-driver-assistance-systems-market.htmlAdvanced Driver Assistance Systems Analysis done in the full Report:The growth of the automotive industry in the ADAS Market is expected to be $1971 million at a CAGR of 16.1% by 2023.
Excerpts on Market Growth Factors:• Automobile manufacturers are combining wireless and smartphone technology with automotive electronics that provides solutions to the consumer needs.
Manufacturers are focusing on Human Machine Interface frameworks and new interfaces.
• There is a difference between the demand generated by the regulations imposed by government bodies and the changing preferences of the consumers.
By Geography(covers 14+ countries)E. Market Entropy Companies Cited/ Interviewed 1.
The statistical surveying report on the global Advanced Driver Assistance Systems Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
The statistical data derived from authentic resources and assisted by industry experts.
It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.
This advanced driver assistance systems (ADAS) market report also splits the market by regions: Americas (United States, Canada, Mexico, Brazil), APAC (China, Japan, Korea, Southeast Asia, India, Australia), Europe (Germany, France, UK, Italy, Russia, Spain), Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries).
Continental AgHella Kgaa Hueck & Co.Delphi Automotive PLCAisin Seiki Co. Ltd.Autoliv IncRobert Bosch GmbhMagna InternationalDenso CorporationTrw Automotive Holdings Corp.ValeoFicosa International S.A.Texas Instruments Inc.Mando Corp.Tass internationalMobileye NV View More about this Market @ Global Advanced Driver Assistance Systems Industry Report This study considers the advanced driver assistance systems (ADAS) value and volume generated from the sales of the following segments: Segmentation by type: breakdown data from 2015 to 2020, in Section 2.3; and forecast to 2025 in section 11.7.
The global advanced driver assistance systems (ADAS) market is projected to expand rapidly at a compound annual growth rate (CAGR) of 21.1%, reaching a market value of USD 31.9 Bn in 2023.
Rising concerns regarding consumer safety, government initiatives, consumer preference towards advanced auto features, and technological innovations will stoke the growth of the market.Global Advanced Driver Assistance Systems Market (2018-2023) Download Free Sample Report @ https://www.radiantinsights.com/research/global-advanced-driver-assistance-systems-market-2018-2023/request-sample Vehicle segment insights:The demand for ADAS is higher for private vehicles since features such as blind spot detection (BSD), lane assistance, and active cruise control (ACC) are geared for personal use.
This is why it held a market share of 79% in 2017.
The presence of leading players in the region (such as Ford and Delphi Technologies), strict regulations regarding road safety, and innovations in technology have fuelled the growth of the market in this region.
Companies covered:• Continental AG• Autoliv Inc.• Delphi Technologies• Denso Corporation• Bosch• Magna International• BMW AG• Ford Motor Co.• Aisin Seiko Co., Ltd.• Mobileye Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-advanced-driver-assistance-systems-market-2018-2023 Table of ContentsChapter 1.
Market segmentation based on sensors (image sensor, radar sensor, lidar sensor, and others [ultrasonic, infrared and laser sensors]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations 2.9.
Among all the vehicles type segments, the passenger vehicle type is dominating and it held major share of $45.62 billion in 2017 and is projected to reach $121.165 million by 2023 at a CAGR of 19.11%.
To access full report click on below link:https://industryarc.com/Report/20/advanced-driver-assistance-systems-market.htmlAdvanced Driver Assistance Systems Analysis done in the full Report:The growth of the automotive industry in the ADAS Market is expected to be $1971 million at a CAGR of 16.1% by 2023.
Excerpts on Market Growth Factors:• Automobile manufacturers are combining wireless and smartphone technology with automotive electronics that provides solutions to the consumer needs.
Manufacturers are focusing on Human Machine Interface frameworks and new interfaces.
• There is a difference between the demand generated by the regulations imposed by government bodies and the changing preferences of the consumers.
By Geography(covers 14+ countries)E. Market Entropy Companies Cited/ Interviewed 1.
A new report published by Research on Global Markets titled "Global Advanced Driver Assistance Systems Market (2018 – 2023)" studies the performance of the global advanced driver assistance systems (ADAS) market over a five year assessment period from 2018 to 2023.
According to the Research On Global Markets analysts, global advanced driver assistance systems market is projected to expand at a compound annual growth rate (CAGR) of 21.1% during the 2018-2023 period, to reach a value of USD 31.9 Bn by 2023.Global Advanced Driver Assistance Systems Market – Market SegmentationThe report published by Research On Global Markets features comprehensive analysis of the different segments of the global advanced driver assistance market based on vehicle, sensor, and component.
With respect to vehicle, the demand for ADAS is higher in private vehicles, and the segment held a market share of 79% in 2017.
However, with recent regulations mandating the use of ADAS features in commercial vehicles, the commercial vehicle segment is expected to expand at a CAGR of 24% during the forecast period.Among the sensors, image sensors segment dominated the market with a 30.6% share in 2017 and generated a revenue of USD 3.2 Bn.
Close on its heels, radar sensors held a market share of 29.8% during the same period.
Also, in terms of components, ACC held the largest market share of 21.1% in the components segment in 2017, being the most preferred feature to control speed.
The report titled ‘Global Advanced Driver Assistance Systems (ADAS) Market Report Forecast to 2027’ provides an in-depth study of the Advanced Driver Assistance Systems (ADAS) sector.
The analysis contained in the report includes a pictorial representation of crucial information relating to the global Advanced Driver Assistance Systems (ADAS) business, along with an extensive investigation of the regional landscape.
The report also provides a detailed evaluation of the critical elements of the global Advanced Driver Assistance Systems (ADAS) market, including product types, applications, end-uses, regions, and leading players.Market Size – USD 19.57 Billion in 2018, Market Growth - CAGR of 22.57%, Market Trends – Growing automotive industry has proliferated the rising need for safety of the vehicle as well as the passengers, thus in turn foserting the growth of the Advanced Driver Assistance Systems market.
Get a Sample Copy of the Advanced Driver Assistance Systems (ADAS) Market Report (Submit your official email ID to get priority) https://www.reportsanddata.com/sample-enquiry-form/2202 The Global Advanced Driver Assistance Systems (ADAS) Market gives an outline of the current market dynamics by scrutinizing factors such as the drivers, trends, opportunities, challenges, and restraints in the forecast years (2020-2027).
It traces the competitive landscape in the Advanced Driver Assistance Systems (ADAS) industry, which underlines different aspects like product offerings, production capacity, techniques, cost structure, value chain, financial standing, sales margin, and other notable developments recorded in the Advanced Driver Assistance Systems (ADAS) sector.Additionally, this report also offers an analysis of both short-term and long-term strategies adopted by the key companies in the global Advanced Driver Assistance Systems (ADAS) business.
The scope of all segments and sub-segments has also been included in the report.
The statistical surveying report on the global Advanced Driver Assistance Systems Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
The statistical data derived from authentic resources and assisted by industry experts.
It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.
This advanced driver assistance systems (ADAS) market report also splits the market by regions: Americas (United States, Canada, Mexico, Brazil), APAC (China, Japan, Korea, Southeast Asia, India, Australia), Europe (Germany, France, UK, Italy, Russia, Spain), Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries).
Continental AgHella Kgaa Hueck & Co.Delphi Automotive PLCAisin Seiki Co. Ltd.Autoliv IncRobert Bosch GmbhMagna InternationalDenso CorporationTrw Automotive Holdings Corp.ValeoFicosa International S.A.Texas Instruments Inc.Mando Corp.Tass internationalMobileye NV View More about this Market @ Global Advanced Driver Assistance Systems Industry Report This study considers the advanced driver assistance systems (ADAS) value and volume generated from the sales of the following segments: Segmentation by type: breakdown data from 2015 to 2020, in Section 2.3; and forecast to 2025 in section 11.7.
In this report, the global Advanced Driver Assistance Systems (ADAS) market to reach 51 billion USD by 2022 from 11 Billion USD in 2016, growing at a CAGR of 26.98% between 2016 and 2022.
There is a rising demand for passenger car applications.
Moreover, the popularity of ADAS system in family car creating a huge demand for Advanced Driver Assistance Systems (ADAS) worldwide.
The major factors driving the growth of the Advanced Driver Assistance Systems (ADAS) market further include the promotion of government policy and the increasing consumer demand for safety.
In 2015, parking assist systems held the largest share in the market owing to the development of the partial and fully autonomous cars.
This system helps the driver to safely park the cars in the exhaustive and challenging situation by giving a full perspective of the vehicle back side including the blind spots.
Through a secure human Machine interface, ADAS enhance road and vehicle safety for drivers.
Additionally, these electronic devices are designed to improve drivers' awareness, and thus, make the driving experience safer and more enjoyable.
This information is then fed into a central display, which show various road and weather conditions, and other factors that affect driving safety, such as vehicle deformation, bumps and obstructions, and even the presence of hazards, on the road.
This is particularly useful for seniors, who may not be able to respond quickly enough to emergencies when the vehicle in front is making a turn or lane change, and may not be able to take evasive action in time.
Neuro-networks are characterized by large collections of interrelated brain cells.
This enables these brain cells to rapidly recognize the actions of single neurons and to associate those behaviors with the particular state they're in.