DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/k8psmw/global_advanced) has announced the addition of the "Global Advanced Driver Assistance Systems (ADAS) Market (Component and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020" report to their offering.
The European countries exhibit the maximum adoption of ADAS applications. In Europe, the European New Car Assessment Program (NCAP), established by the government, imposes stringent regulations on car manufacturers in order to provide optimum on road security to the driver. The five-star safety rating system created by Euro NCAP program helps the customers to compare vehicles more easily and to identify safe choice for their needs. Asia-Pacific is the most dynamically emerging market with a highest CAGR of 29.54%, owing to favourable macroeconomic factors such as rise in income and purchasing power, changing lifestyle due to growing urbanization and increasing awareness about active safety systems. In the APAC region, China and Japan are the fastest growing countries in terms of automotive and technology adoption.
Key findings of the study:
- The cost effectiveness and easy availability of the Ultrasonic sensors would make the segment grow at the fastest CAGR of 24.3% during 2014 - 2020
- Tire Pressure Monitoring System and Drowsiness Monitoring System segments are anticipated to show tremendous growth
- Increasing purchasing power and supportive government initiatives would foretell remarkable growth for Asia-Pacific market
- Europe would continue to dominate the market throughout the forecast period due to the stringent government regulations
Robert Bosch Gmbh dominates the Advanced Driving Assistance System market owing to comprehensive automotive technology. Many other companies are launching unique -features with advanced technologies for example, Ford launched the Pre Collision Assistance System in Ford Mondeo with pedestrian detection technology that helps avoid frontal crashes with the help of camera and radar sensors.
Companies Mentioned:
- Magna International Inc.
- Autoliv Inc.
- Continental AG
- Robert Bosch GmbH
- Valeo
- Denso Corporation
- General Motors (GM)
- Fords Motor Co.
- BMW AG
- Audi AG
For more information visit http://www.researchandmarkets.com/research/k8psmw/global_advanced
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