Advertisement

Topics

Global Advanced Driver Assistance Systems (ADAS) Market 2015-2019 - High Cost Associated with ADAS

20:00 EDT 3 Jun 2015 | Globe Newswire

Dublin, June 04, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/g2xt8x/global_adas) has announced the addition of the "Global ADAS Market 2015-2019" report to their offering.

About Advanced Driver Assistance Systems (ADAS)
The analysts forecast the Global ADAS market to grow at a CAGR of 24.97 percent over the period 2014-2019.

ADAS are systems that support, complement, or substitute the driver of a vehicle. They use radar and cameras to assist the drivers by providing real-time information about the surroundings. These systems help drivers to avoid collisions and accidents. OEMs are focusing on adopting advanced safety features such as ADAS because of growing government regulations focused on the safety of passengers and drivers.

The Global ADAS market can be segmented into seven categories: Tire pressure monitoring system (TPMS), park assistance system (PAS), adaptive cruise control (ACC), blind spot detection (BSD), night vision system (NVS), lane departure warning system (LDWS), and others (including adaptive front lighting, drowsiness monitor, forward collision warning, head-up display, and driver monitoring systems). These are sets of methodologies and technologies that transform unstructured and structured data into meaningful and useful information processes.

Increased demand from the developing countries for night vision systems and blind spot detection in vehicles is one of the key trends being observed in this market. Improved economic conditions in these countries, growing safety concerns among consumers, and increased road accidents as a result of poor visibility at night, while changing lanes, or merging with traffic have increased the demand for ADAS.

According to the report, the growing concern among consumers about automobile safety has resulted in increased demand for ADAS. The demand for in-vehicle electronic devices such as cameras, radar systems, and sensors that are used to examine road conditions and help to avoid accidents has increased.

Further, the report states that the high cost of ADAS because of the implementation of expensive technologies and systems such as cameras, sensors and radar and the high maintenance cost associated with the proper functioning of these systems hinder their sales. This limits their usage to luxury vehicles.

Key Vendors

  • Continental
  • Delphi Automotive
  • Denso
  • Magna International
  • Robert Bosch
  • Valeo

Other Prominent Vendors

  • Aisin Seiki
  • Autoliv
  • Ficosa International
  • FLIR Systems
  • Freescale Semiconductor
  • GENTEX
  • Hella KgaA Hueck & Co.
  • Hitachi
  • Hyundai Mobis
  • Infineon Technologies
  • Mando
  • Mobileye
  • Renault Group
  • Renesas Electronic
  • Texas Instruments
  • TRW Automotive Holdings
  • WABCO Holdings

For more information visit http://www.researchandmarkets.com/research/g2xt8x/global_adas




CONTACT: Research and Markets
         Laura Wood, Senior Manager
         press@researchandmarkets.com

         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900

         U.S. Fax: 646-607-1907
         Fax (outside U.S.): +353-1-481-1716

         Sector: Telematics and Vehicle Electronics

Primary Logo

NEXT ARTICLE

More From BioPortfolio on "Global Advanced Driver Assistance Systems (ADAS) Market 2015-2019 - High Cost Associated with ADAS"

Advertisement
Quick Search
Advertisement
Advertisement

 

Relevant Topic

The Top 100 Pharmaceutical Companies
Top 10 biotech and pharmaceutical companies worldwide based on market value in 2015 2015 ranking of the global top 10 biotech and pharmaceutical companies based on revenue (in billion U.S. dollars) Johnson & Johnson, U.S. 74...