Global Advanced Driver Assistance System Market Share 2025 | Ozone Market Reports
Advanced driver
assistance system (ADAS) is a
systems to help the driver in the driving process. When designed with a safe
human-machine interface, they should increase car safety and more generally
road safety.
The Advanced driver
assistance system market accounted for USD 37.8 Billion in 2018 and
is projected to reach USD 67.3 Billion by 2025, at a Compound
Annual Growth Rate (CAGR) of 20% over the forecast period.
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The drivers of
advanced driver assistance system market are increasing government initiatives
for mandating driver assistance system in order to lower road accidents.
Moreover, increasing adoption of these systems in small cars is anticipated to
further boost the market demand.
By region, North
America has dominated the Advanced driver assistance system market and has
generated USD XX million market value in 2017 and is estimated to reach USD XX
million market by 2025 with growing XX% CAGR. The reasons attributed due to
strict government initiatives for advanced driver assistance systems
applications. Various governments have implemented stringent laws to reduce the
number of accidents. According to the New Car Assessment Programs (NCAPs)
policy, vehicles need to have safety ratings to encourage significant safety
improvements in new car designs.
The major participants
in the global advanced driver assistance system market include Magna
International Inc., Autoliv Inc., Continental AG, Robert Bosch GmbH, Valeo,
Denso Corporation, NXP Semiconductor, Panasonic Corporation, Renesas
Electronics Corporation Texas Instruments and others.
Market Segmentation:
Advanced driver
assistance system market is segmented based on component, solution, and
geography.
Market segmented by
Component
- Processor
- Sensors
- Software
- Other
Market segmented by
solution
- Adaptive Cruise Control
- Blind Spot Detection System
- Park assistance
- Lane Departure Warning System
- Tire Pressure Monitoring System
- Autonomous Emergency Braking
- Adaptive Front Lights
- Others
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Market segmented by
region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Key Players
- Magna International Inc.
- Autoliv Inc.
- Continental AG
- Robert Bosch GmbH
- Valeo
- Denso Corporation
- NXP Semiconductor
- Panasonic Corporation
- Renesas Electronics Corporation
- Texas Instruments
Target Audience
- Vendors
- Raw material manufacturers
- Research organizations
- Investors and venture capitalists
- Sales Distribution Channel
- Component manufacturers
- End-users
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