Published Date : Jul 17, 2018
Albany, New York, July 17, 2018: The global market for advanced driver assistance systems has been growing at a boisterous rate due to the need to offer safety enhancement systems in cars. Advanced driver assistance systems (ADAS) help drivers in staying wary of the dangers or risks on the road and provide a clear view of the elements that surround the vehicle. These systems help in enhancing the safety of the driver as well as the passengers, and hence, it demand within the market has reached new heights in recent times. Since accidents are usually caused by human error, ADAS assists the driver and reduces the scope of error. Some of the key features of advanced driver assistance systems are adoptive cruise control, automated light, automated braking, GPS, and connection to smart to phones. It is expected that the growth rate of the global market for advanced driver assistance systems would supersede the previous figures. Automatic lane centering and lane departure warnings are also a part of ADAS, and both of these features play a key role in enhancing the safety of the vehicle and the driver. A report added by Market Research Reports (MRR) draws key inferences after analysing the global market for automated driver assistance systems. The title of the report is “Global Advanced Driver Assistance System (ADAS) Sales Market Report 2018”.
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The number of road accidents on a daily basis has reached a daunting figure in recent times. This is partly due to the contempt shown by drivers and partly because of the increasing traffic of vehicles. Hence, there is an urgent need to equip all new models of vehicles with driver safety assistance systems which has driven demand within the global market. Besides this, the government has stipulated strict regulations with regards to the manufacture of automobiles, and companies have a responsibility to manufacture safe and sound cars. This has also contributed towards the growth of the global market and has generated lucrative opportunities for vendors. Furthermore, the number of heavy vehicles on the roads has also increased, which is expected to propel demand within the global market. It is anticipated that advancements in the automotive industry would involuntarily lead to the growth of the global market for advanced driver assistance systems.
The cars manufactured and sold in North America and Europe are more advanced as against the older models that run in emerging economies. Owing to this reason, the demand within the western markets has been higher than that in the Asia Pacific region. The automobile industry has been gaining momentum across the Middle East and Africa, thus, giving a push to regional market growth.
Some of the key players in the global advanced driver assistance systems market are Magna International, Continental, Autoliv, Valeo, and Denso.
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