The growth of the ADAS market can be attributed to several factors such as the growing trend for autonomous & semi-autonomous vehicles coupled with the rising need for passenger comfort. The growing demand for safe, efficient, & convenient driving experiences is further contributing to the market growth of ADAS.
Some of the prominent players in the global Advanced Driver Assistance System (ADAS) market include:
Robert Bosch GmbH, DENSO CORPORATION., ZF Friedrichshafen AG, Delphi Technologies, Continental AG, Valeo, NVIDIA Corporation, Magna International Inc., HYUNDAI MOBIS, and HELLA GmbH & Co. KGaA, among others
The increasing inclination of consumers toward safety applications that protect drivers and reduces accident risks is fueling the demand for ADAS-based vehicles globally. ADAS systems are equipped with radio communication devices that send messages conveying information about vehicles approaching or following such as their speeds, the sizes, and brake status. It also sends such information to other vehicles that have ADAS systems installed. The innovation of this type of system is helpful in improving passenger experience and comfort and assisting better situational awareness and control to make driving easier and safer. About 90% of road accidents occur due to human errors and ADAS technology will prove to be helpful to prevent these.
The Advanced Driver Assistance System (ADAS) Market is segmented on the basis of product type, Applications, Technology, and region
Major Types of Advanced Driver Assistance System (ADAS) Market covered are:
- Intelligent Park Assist (IPA)
- Adaptive Front Light (AFL)
- Adaptive Cruise Control (ACC)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Driver Monitoring System (DMS)
- Cross-Traffic Alert (CTA)
- Road Sign Recognition (RSR)
- Night Vision System (NVS)
- Tire Pressure Monitoring System (TPMS)
Major Applications of Advanced Driver Assistance System (ADAS) Market covered are:
- Light Commercial Vehicles
- Passenger Cars
- Buses, and Trucks
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