Global Advanced Driver Assistance Systems Market – Growth, Trends, And Forecast (2019 – 2023)
The report presents an in-depth assessment of the Global Advanced Driver Assistance Systems including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Advanced Driver Assistance Systems investments from 2019 till 2023.
The Global Advanced Driver Assistance Systems market is highly competitive and consists of a number of major players. Companies, like Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, ABCO Holdings Inc, Mobileye, Denso Corporation, ZF Friedrichshafen AG, Aisin Seiki Co. Ltd, utoliv Inc., Valeo SA, Hyundai Mobis, Magna International, Hella KGAA Hueck & Co among others.
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Scope of the Report:
In US, the FMCSA aims to reduce the number of fatalities and accidents involving passenger vehicles, large trucks, and buses. The key safety goal of the US federal motor carrier safety administration (FMCSA) is to reduce the number and severity of commercial motor vehicle (CMV) crashes. To achieve this goal, the FMCSA has collaborated with the truck industry to test, evaluate, and facilitate the use of various onboard safety systems for commercial vehicles to improve the safety of pedestrians. In addition, initiatives, like the national highway traffic safety administration (NHTSA)’s safe car Project, have helped to significantly drive the adoption of ADAS systems in domestic vehicles of North America, in turn acting as a driver for the market growth in the region.
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Key Market Trends:
High Costs and Software Failures have hindered the Growth of the Market
The growth of the ADAS market is currently hindered by the growing incidence of software failures in sensors, coupled with the high costs of these systems that have acted as major restraining factors for the wide acceptability of these systems. However, the rapidly expanding hybrid and electric vehicle market, along with the growth of the autonomous vehicles, are expected to help augment the ADAS in these vehicles, thereby, driving the growth of the market significantly, during the forecast period.
European Automotive Industry has one of the Highest Adoption Rate of ADAS
The European automotive industry is one of the most innovative automotive markets in the world. With a massive transformation in the industry post the recession period of 2010, there has been a rapid penetration and mass adoption of ADAS by the OEMs and customers. There are regular upgrades in the ADAS technology that facilitate competitiveness in the market, making it one of the largest markets in the global ADAS industry.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Advanced Driver Assistance Systems Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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