Automotive Advanced Driver Market Forecast To 2024
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Posted On: 02/14/2018 12:12:32 AM
Automotive Advanced Driver Market in Europe is expected to exhibit substantial revenue share over the forecast timeframe owing to strong presence of major vehicle manufacturers across the region. Germany is hub of premium car manufacturers and innovations in vehicle components. These innovations will support the region’s dominance.
The assistance system helps keep driver’s focus on vehicles by warning, monitoring, braking and steering task to reduce the collision instances. North America and Europe are mandating installation of emergency braking system and forward collision warning system in every vehicle by 2020, surging the demand for automotive advance driver market share over the forecast timeframe.
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Innovations such as forward collision warning system face difficulty in identifying people and objects at high speed. The challenges present in processor, sensors, software algorithms and mapping are anticipated to hamper the industry growth over the forecast timeframe. Software failure & sensor dysfunctionality instances coupled with high price product will further pose a threat to the industry participants.
Based on product, the automotive advance driver market can be segmented into parking assistance system, adaptive cruise control, anti-lock braking system (ABS), lane departure warning system (LDWS), forward collision warning system, real time traffic & travel information system, electronic stability program (ESP), adaptive head lights, emergency call system, obstacle and collision warning system. Parking assistance system is expected to contribute largest market share followed by automated emergency braking, adaptive cruise control, and forward collision warning system.
Automotive advance driver system market is featured with innovative components such as sensors, software algorithms, warning & monitoring system, mutual combination software, and multi-functional sensors that make the product more advanced as compared to conventional version. This has forced the OEMs to install this system in their vehicles to gain traction among their customers, fueling the demand for the product and inducing immense potential to the industry size till 2024.
Based on component, the industry can be categorized into camera, sensors, radar, semiconductor, wire, and display. Sensors are expected to exhibit highest revenue share over the forecast timeframe owing to its increasing usage in ADAS. Features such as capability to capture image and gesture recognition will escalate the revenue generation.
By vehicle, the industry can be segmented into PCV, LCV, and HCV. Passenger cars are likely to dominate the industry till 2024. In 2016, more than 72,000 passenger vehicles were sold across the globe. 80 % of the passenger vehicles are anticipated to be equipped with advance driver assistance system by 2020.
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APAC is estimated to grow significantly till 2024 owing to continuous rise in the passenger vehicle sales. In 2016, the region witnessed record making passenger vehicle sales. Countries including China and India are expected to showcase tremendous increase in the demand for these vehicles due to surging disposable income of middle class people, propelling the regional growth.
Major manufacturing companies include Aisin Seiki Co, Wabco Holding, Freescale Semiconductor, Delphi automotive, Gentex Corporation, Infineon Technologies, Takata Corporation, and Robert Bosch Gmbh. Other notable players include Valeo SA, Mobileye NV, Nvidia corporation, Magna, Renesas Electronics corporation, Denso Corporation, Hyundai Mobis, Auto liv, Panasonic Corporation, and Texas Instruments & Continental.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
The assistance system helps keep driver’s focus on vehicles by warning, monitoring, braking and steering task to reduce the collision instances. North America and Europe are mandating installation of emergency braking system and forward collision warning system in every vehicle by 2020, surging the demand for automotive advance driver market share over the forecast timeframe.
Request Detailed Table of Contents of this Report @ https://www.gminsights.com/request-sample/detail/2338
Innovations such as forward collision warning system face difficulty in identifying people and objects at high speed. The challenges present in processor, sensors, software algorithms and mapping are anticipated to hamper the industry growth over the forecast timeframe. Software failure & sensor dysfunctionality instances coupled with high price product will further pose a threat to the industry participants.
Based on product, the automotive advance driver market can be segmented into parking assistance system, adaptive cruise control, anti-lock braking system (ABS), lane departure warning system (LDWS), forward collision warning system, real time traffic & travel information system, electronic stability program (ESP), adaptive head lights, emergency call system, obstacle and collision warning system. Parking assistance system is expected to contribute largest market share followed by automated emergency braking, adaptive cruise control, and forward collision warning system.
Automotive advance driver system market is featured with innovative components such as sensors, software algorithms, warning & monitoring system, mutual combination software, and multi-functional sensors that make the product more advanced as compared to conventional version. This has forced the OEMs to install this system in their vehicles to gain traction among their customers, fueling the demand for the product and inducing immense potential to the industry size till 2024.
Based on component, the industry can be categorized into camera, sensors, radar, semiconductor, wire, and display. Sensors are expected to exhibit highest revenue share over the forecast timeframe owing to its increasing usage in ADAS. Features such as capability to capture image and gesture recognition will escalate the revenue generation.
By vehicle, the industry can be segmented into PCV, LCV, and HCV. Passenger cars are likely to dominate the industry till 2024. In 2016, more than 72,000 passenger vehicles were sold across the globe. 80 % of the passenger vehicles are anticipated to be equipped with advance driver assistance system by 2020.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2338
APAC is estimated to grow significantly till 2024 owing to continuous rise in the passenger vehicle sales. In 2016, the region witnessed record making passenger vehicle sales. Countries including China and India are expected to showcase tremendous increase in the demand for these vehicles due to surging disposable income of middle class people, propelling the regional growth.
Major manufacturing companies include Aisin Seiki Co, Wabco Holding, Freescale Semiconductor, Delphi automotive, Gentex Corporation, Infineon Technologies, Takata Corporation, and Robert Bosch Gmbh. Other notable players include Valeo SA, Mobileye NV, Nvidia corporation, Magna, Renesas Electronics corporation, Denso Corporation, Hyundai Mobis, Auto liv, Panasonic Corporation, and Texas Instruments & Continental.
Pre-book This Upcoming Report @ https://www.gminsights.com/securecheckout/pay...ycod=sugmp
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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