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Advanced Driver Assistance Systems Industry Global Market Size, Share, Trends Forecast To 2023
minutes de lecture
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Advanced Driver Assistance Systems Market to Thrive at 12.24% CAGR by 2023. Global Advanced Driver Assistance Systems industry analysis by Technology (Adaptive Cruise Control, Adaptive Front Lights, Intelligent Park Assist, Pedestrian Protection, Blind Spot Detection, Drowsiness Monitor, Head Up Display, Others), by Vehicle Type (Passenger Vehicle and Commercial Vehicle), by Radar Type (Radar Sensor, Lidar Sensor, Camera Sensor, Ultrasonic Sensor) and by Regions (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Forecast To 2023.
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Advanced driver assistance systems are also gaining traction of the market due to enhanced driving experience. Additionally, it offers different features such as automated lighting, automatic brake, incorporates traffic warnings, adaptive cruise control, connection with smartphones, danger alert, etc. These are projected to favor the proliferation of the advanced driver assistance system market over 2023. Other factors responsible for the growth of the advanced driver assistance system market include mandating enforcements by governments, booming automotive sector, increasing disposable income, etc.
By region, the global advanced driver assistance systems market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. North America is poised to exhibit healthy growth over the assessment period. The surge in demand for automobiles, especially in the U.S., is likely to have a major positive impact on the growth of the regional market. Additionally, the presence of key players coupled with the adoption of advanced technologies makes the market a highly lucrative one. The trend is likely to perpetuate over the next few years.
Europe is projected to thrive at 10.58% CAGR during the forecast period. Delivery of goods and safe transportation are the key areas of focus for the OEMs in the region. It is likely to drive the growth of the advanced driver assistance systems market in the foreseeable future. The U.K, Germany, and France are estimated to account for the maximum share of the regional market.
Asia Pacific is projected to exhibit a positive growth over the assessment period. The accelerated adoption of the advanced driver assistance systems market has augmented the regional market. For instance, Minister of Road Transport and Highways of India has announced that it is planning to make advanced driver assistance system mandatory in future cars by early 2022.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
Read More On Global Car Wash System Market: https://www.marketwatch.com/press-release/advanced-driver-assistance-systems-adas-market-2018-global-analysis-opportunities-and-forecast-to-2023-2018-12-11
About Market Research Future:
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