Advanced Driver Assistance System Market Revenue, Growth Rate, DRIVERS, RESTRAINTS Customer Needs, Trend, Manufacturers and Forecast to 2024

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (Market Insight Reports) —
Selbyville, Delaware Advanced Driver Assistance System Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

Growing preference for innovative sensing systems for avoiding accidents and crashes are expanding the ADAS market over the forecast timeframe. According to the World Health Organization (WHO), road traffic related deaths accounted for over 1.25 million cases across the globe. Stringent government regulations pertaining to vehicle safety along with mandatory fitment of multiple safety equipment in vehicles including automated emergency braking and parking sensors are supporting the industry proliferation till 2024.

Request Sample Copy of this report at:

Increasing adoption of advanced safety features in vehicles including blind spot detection, pedestrian crash avoidance systems, pedestrian crash avoidance mitigation systems and lane departure warning systems in cars are playing major role in expanding the business share over the study timeframe. For instance, in 2017, Skoda launched the upgraded Octavia model with automated parking facilities, further supporting the industry growth over the projected timeframe.

Advancements in sensors and tools for facilitating ADAS technologies along with improvements in product efficiency are supporting the industry proliferation over the study timeframe. Evolution of modern computer vision analysis systems for effective object detection along with strong outlook for night vision and auto light control features are positively influencing the market penetration till 2024.

Higher cost of the components required for facilitating the ADAS systems along with the requirement for appropriate maintenance, with higher priced replacement parts and components may limit the product adoption over the projected timeframe. However, industry participants are continuously investing in increasing the localization content of their components for reducing the part cost and meeting the economies of scale easily.

Park assist systems will account for the maximum volume share at around 20% in 2017. This dominance is attributed to the increasing adoption of these systems in multiple cars owing to lower costs and easier installation process. Further, the availability of reliable and lower cost alternatives in the aftermarket along with supporting government regulations mandating the availability of these systems across all personal vehicles are further strengthening the segment growth. For instance, the Indian government announced the mandatory standard fitment of all vehicles with airbags and parking assist systems sold after July 2019.

ADAS market share from image sensor will grow significantly at around 15% during the study period. This growth can be attributed to the usage of these sensors for facilitating various ADAS systems including night vision, autonomous park assists, blind spot detection, surround view system, lane departure warning, and traffic sign recognition. Higher demand for luxury cars with such installed systems fitted as standard will further boost the industry revenue.

Passenger cars dominated the ADAS industry share owing to rising automotive production across the globe. Increasing disposable income coupled with the availability of multiple car models at varied price range will support the industry growth. Stringent government regulations mandating the standard fitment of multiple ADAS technologies in PCVs are enabling car manufacturers to offer these features as standard across their product portfolio. For instance, Ford announced the standard fitment of ADAS suit including autobraking and lane-keeping features across their vehicles by 2020.

The OEM segment is expected to generate maximum revenue share owing to the increasing investments by industry participants for improving the safety features across their product portfolio. Availability of extended warranties in-case of repairs and replacements along with convenient insurance facilities are further supporting the industry demand. Automobile manufacturers install ADAS units in their vehicles during the production phase and offer them as standard fitment. The replacement parts are available at the OEM as well as aftermarket workshops, contributing to the revenue generation.

Asia Pacific will pose highest growth rate of around 15% during the forecast time span owing to the increasing availability of cars from major manufacturers with ADAS as standard fitment. China contributes significantly towards regional growth owing to rising domestic demand coupled with increasing automobile production over the projected timeframe.

Major industry participants of the ADAS market include Robert Bosch, Autoliv, Magna International, Continental AG, TRW Automotive, and Texas Instruments. Other notable industry participants are Corporation, Harman International, NVIDIA Corporation, Delphi, Aisin Seiki Co., NXP Semiconductor Inc, Denso and Hyundai Mobis. Industry participants are engaged in providing technologically advanced products for improving their market share. For instance, in 2018, BMW announced the launch of its MY2019 Z4 model with advanced ADAS technologies including day time pedestrian detection, cross-traffic alert, lane departure warning systems, and adaptive cruise control.

Full Report Summary At:

About Us:

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975


Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]



This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]


Is there a problem with this press release? Contact the source provider Comtex at [email protected]. You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article

send message
Iam Guest Posting Services
I Have 2000 sites
Status : Indexed All
Good DA : 20-60
Different Niche | Category
Drip Feed Allowed
I can instant publish

My Services :

1. I will do your orders maximum of 1x24 hours, if at the time I'm online, I will do a maximum of 1 hour and the process is
2. If any of your orders are not completed a maximum of 1x24 hours, you do not have to pay me, or free.
3. For the weekend, I usually online, that weekend when I'm not online, it means I'm working Monday.
4. For the payment, maximum payed one day after published live link.
5. Payment via PayPal account.

If you interesting, please reply

Thank You