Global Advanced Driver Assistance System (ADAS) Market Outlook to 2023 - Government Initiatives and Policies is Proliferating Market Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 5, 2018--The “Global Advanced Driver Assistance System (ADAS) Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
The Advanced Driver Assistance System (ADAS) market is projected to expand at a CAGR of 13.59% over the forecast period of 2017-2023.
Rising number of global road accidents has forced the governments worldwide to take necessary measures for the drivers’ safety. Government initiatives and policies regarding the mandatory use of driver assistance system and advanced braking system in passenger cars is proliferating the growth of ADAS market.
In September 2017, the U.S. Department of Transportation and the National Highway Traffic Safety Administration (NHTSA) released new federal guidance for automated driving systems (ADS) to industry and States, supporting further development of the technology. The safe deployment of automated vehicle technologies will lead to fewer traffic fatalities, thus positively impacting the growth of ADAS market throughout the forecast period.
Rising level of technological innovation and growing investments in vehicle automation and self-driving cars is another major driver of global ADAS market.
By solution, ADAS market is segmented as adaptive cruise control, parking assistance, blind spot detection system, collision warning and braking system, and others. The share of adaptive cruise control segment will grow at a significant rate during the forecast period as it provides much better driver’s safety while avoiding fatal road accidents.
By sensor type, the ADAS market is segmented as radar sensors, LiDAR sensors, ultrasonic sensors, imaging sensors, and others. LiDAR sensors for ADAS will witness a significant CAGR between 2017 and 2023 on account of rising investments in LiDAR technology for developing fully autonomous cars, especially in developed economies.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Advanced Driver-Assistance System (ADAS) Market by Solution
6. Advanced Driver-Assistance System (ADAS) Market by Sensor Type
7. Advanced Driver-Assistance System (ADAS) Market by Vehicle Type
8. Advanced Driver-Assistance System (ADAS) Market by Geography
9. Competitive Intelligence
10. Company ProfilesRobert Bosch GmbH Continental AG Aptiv Valeo Autoliv Inc. Denso Corporation Magna International Inc Hella GmbH & Co. KGaA Tesla Mobileye
For more information about this report visit https://www.researchandmarkets.com/research/tp62bd/global_advanced?w=4
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Related Topics:Telematics and Vehicle Electronics,Automotive Safety
INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 12/05/2018 06:59 AM/DISC: 12/05/2018 06:59 AM