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Advanced Driver Assistance System Market to see 12%+ gains to 2024

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Major ADAS market participants include Robert Bosch, Autoliv, Magna International, Continental AG, TRW Automotive, and Texas Instruments.

— The advanced driver assistance system market is predicted to register more than 12% gains to reach a revenue of $67bn by 2024. Increasing adoption of advanced safety features in vehicles including blind spot detection, pedestrian crash avoidance systems, pedestrian crash avoidance mitigation systems and lane departure warning systems in cars are playing major role in expanding the business share over the study timeframe.

Advancements in sensors and tools for facilitating ADAS technologies along with improvements in product efficiency are supporting the industry proliferation over the study timeframe. Evolution of modern computer vision analysis systems for effective object detection along with strong outlook for night vision and auto light control features are positively influencing the advanced driver assistance system (ADAS) market penetration till 2024.

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Park assist systems will account for the maximum advanced driver assistance system market volume share at around 20% in 2017. This dominance is attributed to the increasing adoption of these systems in multiple cars owing to lower costs and easier installation process. Further, the availability of reliable and lower cost alternatives in the aftermarket along with supporting government regulations mandating the availability of these systems across all personal vehicles are further strengthening the segment growth.

ADAS market share from image sensor will grow significantly at around 15% during the study period. This growth can be attributed to the usage of these sensors for facilitating various ADAS systems including night vision, autonomous park assists, blind spot detection, surround view system, lane departure warning, and traffic sign recognition. Higher demand for luxury cars with such installed systems fitted as standard will further boost the industry revenue.

Passenger cars dominated the advanced driver assistance system market share owing to rising automotive production across the globe. Increasing disposable income coupled with the availability of multiple car models at varied price range will support the industry growth. Stringent government regulations mandating the standard fitment of multiple ADAS technologies in PCVs are enabling car manufacturers to offer these features as standard across their product portfolio.

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The OEM segment is expected to generate maximum advanced driver assistance system (ADAS) market revenue share owing to the increasing investments by industry participants for improving the safety features across their product portfolio. Availability of extended warranties in-case of repairs and replacements along with convenient insurance facilities are further supporting the industry demand. Automobile manufacturers install ADAS units in their vehicles during the production phase and offer them as standard fitment. The replacement parts are available at the OEM as well as aftermarket workshops, contributing to the revenue generation.

Asia Pacific advanced driver assistance system market will pose highest growth rate of around 15% during the forecast time span owing to the increasing availability of cars from major manufacturers with ADAS as standard fitment. China contributes significantly towards regional growth owing to rising domestic demand coupled with increasing automobile production over the projected timeframe.

Major industry participants of the ADAS market include Robert Bosch, Autoliv, Magna International, Continental AG, TRW Automotive, and Texas Instruments. Other notable industry participants are Corporation, Harman International, NVIDIA Corporation, Delphi, Aisin Seiki Co., NXP Semiconductor Inc, Denso and Hyundai Mobis. Industry participants are engaged in providing technologically advanced products for improving their market share.

Browse key industry insights spread across 350 pages with 502 market data tables & 15 figures & charts from the report, “Advanced Driver Assistance System (ADAS) Market Size By Technology (Adaptive Cruise Control, Automatic High Beam Control, Autonomous Park Assist, Blind Spot Detection, Driver Monitoring, Forward Collision Warning, Front Lighting, AEB, Night Vision, Head Up Display, Lane Departure Warning, Park Assist, Surround View System, Traffic Sign Recognition, Tire Pressure Monitoring System), By Sensor (LiDAR, Infrared, Ultrasonic, RADAR, Image Sensor), By Vehicle (PCV, LCV, HCV), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Thailand, Indonesia, Mexico, Brazil , Argentina, Turkey, Iran, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/adas-market

Table of Contents (ToC) of the report:
Advanced Driver Assistance System Market - Charts & Figures
FIG. 1 Industry segmentation
FIG. 2 Global ADAS market, (Thousand units) (USD Million), 2013 – 2024
FIG. 3 Industry ecosytem analysis
FIG. 4 Average mortality rate on roads per 100,000 inhabitants
FIG. 5 U.S. traffic crash fatalities, 2013 - 2016
FIG. 6 Automobile production, 2013 - 2017
FIG. 7 Growth potential analysis, 2016
FIG. 8 Porter’s analysis
FIG. 9 Market share analysis, 2016
FIG. 10 PESTLE analysis
FIG. 11 Market value share by technology, 2016 & 2024
FIG. 12 Market value share by sensor, 2016 & 2024
FIG. 13 Market volume share by vehicle, 2016 & 2024
FIG. 14 Market volume share by distribution channel, 2016 & 2024
FIG. 15 Market volume share by region, 2016 & 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/adas-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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