LOS ANGELES, BEIJING, LONDON and PUNE, India, August 30, 2018 /PRNewswire/ --
According to the latest report published by QY Research, global automotive Advanced Driver Assistance Systems (ADAS) market is expected to attain the value of US$ 56 Bn by the end of 2023 from US$ 15 Bn in the year 2017. The market is likely to be expanded at mammoth CAGR of 26.98 % during the projected period of 6-years, i.e. between 2017 and 2023.
Some of the factors, which are responsible for the growth of the global automotive advanced driver assistance systems market are increasing demand of applications for passenger car, promotion, and branding of government policy and rising demand for consumer's safety.
Global ADAS Market: Drivers
There is a tremendous demand for advanced systems such as night vision, roadside recognition system and drowsiness monitoring. This increasing demand is likely to influence the global ADAS market in the years to come. The demand for some of the traditional ADAS systems like an autonomous emergency braking system and adaptive cruise control are expected to grow due to rising government regulations to improve road safety and decrease road accidents. For example, a bill was passed in the European Union that mandates heavy commercial vehicles with the implementation of an adaptive cruise control system by 2020. This is expected to increase the demand for this system in the countries located in the Europe region.
Global ADAS Market: Segmental Analysis
Parking assist system is one of the leading segments of the global ADAS market which is expected to grab a maximum revenue share during the projected period. This is owing to the development of fully and partially automated cars. Parking assist system assists drivers to park the car safely and hassle-free even in the challenging situation. This system gives the full and clear view of the back side including the blind spot.
Global ADAS Market: Regional Analysis
High consumer preference for safety regulations, particularly driver's safety, higher adoption of advanced technology and matured automotive sector are some of the driving factors responsible for the growth of Europe ADAS market. Europe is dominating the market and is likely to capture major market share by the end of 2022. The United States is the second emerging country in the global market for ADAS. Rising customer confidence and a low rate of interest are two significant factors, which are increasing the sales of cars in North America region.
Request Sample Report and Table of Content@ https://www.qyresearch.com/sample-form/form/540563/global-automotive-adas-advanced-driver-assistance-systems-adas-industry-research-china-market
Global ADAS Market: Key Manufacturers
Tass international, Continental Ag, Texas Instruments Inc., Delphi Automotive PLC, Mando Corp., Robert Bosch Gmbh, Mobileye NV, Aisin Seiki Co. Ltd., Ficosa International S.A., Autoliv Inc, Hella Kgaa Hueck & Co., Denso Corporation, Trw Automotive Holdings Corp., Valeo and Magna International are some of the key manufacturers across the globe, operating in the global ADAS market.
Benefits of Purchasing QY Research Report
- Analyst Support Get you query resolved from our expert analysts before and after purchasing the report
- Customer's Satisfaction Our expert team will assist with all your research needs and customize the report
- Inimitable Expertise Analysts will provide deep insights about the reports
- Assured Quality We focus on the quality and accuracy of the report
Buy Full Report Now@ https://www.qyresearch.com/settlement/pre/8dabc3d1058ffd92bed5b7e15bd5d9bd,0,1
QY Research is the most reliable and trustworthy source of market research, established in the year 2007. We provide the best and the most syndicated research reports which focuses on custom research but not limited to management consulting, IPO consulting, industry chain research, and data base and seminar services. We provide market research reports on Chemical and material, machinery and equipment, electronics and semiconductor, consumer goods, energy and power, healthcare etc...
Rahul Singh - Digital Marketing Director
Contact: +91-7028 920 828
Sales Contact US:
USA Registered Office: QY Research, INC.
17890 Castleton, Suite 218,
City of industry, CA - 91748
Other Countries and Cities Registered Direct phone number, Given Below (https://www.qyresearch.com/about/world-wide-location)
China: +86 108 294 5717, +86 208 665 5165, +86 215 160 1757
Hong Kong: +852-3062-8839
UK: +44-203-734 8135
India: +91-114-046 9822
Korea: +82-107-551 1278
Singapore: +65-315 821 22
Emails - email@example.com
SOURCE QY Research