DUBLIN--(BUSINESS WIRE)--The "ADAS Market by System (ACC, AFL, DMS, NVS, IPA, PDS, TJA, FCW, CTA, RSR, LDWS, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic & Camera Unit), Vehicle (PC, LCV, Buses, & Trucks), Offering (Hardware, Software), EV & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The ADAS Market is Estimated to Be USD 24.24 Billion in 2018 and is Projected to Reach USD 91.83 Billion By 2025, Growing at a CAGR of 20.96%
The ADAS market has been segmented by system, vehicle type, component, EV, offering, and region. Road sign recognition (RSR) is projected to be the fastest growing segment of the ADAS market, by system. The growth of RSR can be attributed to increasing road infrastructure activity in developed as well as developing economies.
Stringent regulations pertaining to vehicle safety across the globe, increasing demand for a safe, efficient, & convenient driving experience, and rising sales of luxury vehicles are the key factors driving the growth of the ADAS market. On the other hand, the lack of infrastructure in developing countries can hinder the growth of the market.
For effective functioning, advanced driver assistance systems require basic infrastructure such as well-organized roads, lane marking, and availability of GPS. For highways, the information such as a lane change, object detection, distance between vehicles, traffic, and services such as navigation and connectivity are very important for vehicles equipped with ADAS. In developing countries like China, Brazil, and India, the development of IT infrastructure on highways is slow as compared to developed economies.
Therefore, the lack of information technology communication infrastructure and lag in government norms are the major restraints for the growth of ADAS market in developing regions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Advanced Driver Assistance System Market, By System
7 Advanced Driver Assistance System Market, By Component
8 Advanced Driver Assistance System Market, By Offering
9 Advanced Driver Assistance System Market, By Vehicle Type
10 Advanced Driver Assistance System Market, By Electric Vehicle Type
11 Advanced Driver Assistance System Market, By Region
12 Competitive Landscape
13 Company Profiles
- Aisin Seiki
- Cognitive Technologies
- Hitachi Automotive
- Hyundai Mobis
- Infineon Technologies
- Logigo Automotive
- Renesas Electronics
- Robert Bosch
- Texas Instruments
- Voxx International
- ZF Friedrichshafen
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