Automotive Advanced Driver Assistance System Market by Application, Technology & Geography - Forecast & Analysis 2020-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 7, 2020--
The “Automotive Advanced Driver Assistance System (ADAS) Market by Application, Technology, and Geography - Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.
Global Automotive Advanced Driver Assistance System (ADAS) Market: About this market
The automotive ADAS market analysis considers sales from both passenger cars and commercial vehicle applications. Our study also finds the sales of automotive ADAS in APAC, Europe, MEA, North America, and South America. In 2019, the passenger car segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as enhanced safety will play a significant role in the passenger car segment to maintain its market position. Also, our global automotive ADAS market report looks at factors such as the decline in sensor prices, an increase in travel time, and stringent regulations promoting adoption ADAS. However, high costs associated with service and maintenance of ADAS, functional issues associated with adverse weather conditions, and lack of trust in system reliability may hamper the growth of the automotive ADAS industry over the forecast period.
Global Automotive Advanced Driver Assistance System (ADAS) Market: Overview
Increase in travel time
Rise in traffic congestion and long-distance traveling are some key factors that have led to an increase in the time spent in vehicles. This has led to a demand for the incorporation of safety functions such as ADAS in passenger cars to assist drivers. Developed economies such as the US and the UK are adopting ADAS technologies such as AEBS, TPMS, BSD, LDWS, and ACC as a standard fitment in recent times. The inclusion of ADAS features in vehicles also helps to increase comfort and reduce stress. Thus, the increase in travel time will lead to the incorporation of automotive ADAS in vehicles will lead to the expansion of the global automotive ADAS market at a CAGR of almost 21% during the forecast period.
Adoption of V2X technology to enhance ADAS performance
The automotive industry has been witnessing quick developments in semi-autonomous and autonomous vehicle technologies. For instance, the advent of 5G technology is anticipated to boost the adoption of cellular V2X during the forecast period. Also, prominent vendors are working on integrating V2X communication with ADAS as a part of advanced safety solutions to make modern cars safe and more convenient to drive in remote areas. Also, V2X communication helps ADAS in detecting objects precisely. This development is expected to have a positive impact on the overall market growth.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY TECHNOLOGY
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/9plovu
View source version on businesswire.com:https://www.businesswire.com/news/home/20200107005743/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2020.
PUB: 01/07/2020 10:00 AM/DISC: 01/07/2020 10:01 AM