Advanced Driver Assistance System Market Worth USD 50.39 billion with CAGR 10.41% by 2023

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Crystal Market Research
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United States

Competitive Insights:
The leading competitors in the global advanced driver assistance system market are Delphi Automotive PLC Continental AG, Robert Bosch GmbH, Valeo, Hyundai Mobis, Texas Instruments, Autoliv Inc., Panasonic Corporation and Denso Corporation. Invention of new technologies and the mergers with various companies will the key factor for the growth of the market.

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The Advanced Driver Assistance System is categorized based on:

By Solution:
Adaptive Front Lights
Blind Spot Detection
Lane Departure Monitoring System
Adaptive Cruise Control
Autonomous Emergency Breaking
Tire Pressure Monitoring System

By Components:
Ultrasonic sensors

By Vehicle Type:
Commercial Vehicles
Passenger Vehicles

Industry Outlook and Trend Analysis:
The Global Advanced Driver Assistance System Market was estimated approximately USD 20.67 billion in 2014 and is expected to reach USD 50.39 billion by 2023, registering a compound annual growth rate of 10.41%.

The rising adoption of this system in compact cars is the key factor driving the market. Moreover, the regulations put forward by the government for compulsory installation of this system in each and every vehicle has augmented the growth of the market. The increasing demand for advanced systems such as night vision, drowsiness monitoring, road sign recognition systems, autonomous emergency braking system in order to reduce road accidents has anticipated the growth of the market over the forecast period. The major restraining factor for market growth is high cost for installation of the ADAS system and lack of awareness among various consumers.

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Table of Contents:
2.Executive Summary
3.Market Overview
4.Market Analysis by Regions
4.1.North America (United States, Canada and Mexico)
4.2.Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.3.Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.4.South America (Brazil, Argentina, Columbia and Rest of South America)
4.5.Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
5.Advanced Driver Assistance System Market, By Solution
5.2.Global Advanced Driver Assistance System Sales, Revenue and Market Share by Solution(2014-2018)
5.3.Adaptive front lights
5.4.Blind spot detection
5.5.Lane departure monitoring system
5.6.Adaptive cruise control
5.7.Autonomous emergency breaking
5.8.Tire pressure monitoring system
To be Continued…

Regional Outlook and Trend Analysis:
North-American region has dominated the entire market and will continue to grow at a significant compound annual growth rate. The growth of this region is mainly due to the advancement in technology, presence of chief players, and aggrandized economic condition. The market in the Asia-Pacific region will emerge in the forecasted period due to regulation but forward by the government to reduce road accidents in countries like China, India and Japan. However the European region will observe slight fall in the market due to saturation in existing ADAS functionalities.

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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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