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Research and Markets has announced the addition of the "Global Advanced Driver Assistance System (Adas) Market Forecast 2017-2025" report to their offering.
The Global advanced driver assistance system adas market generated a revenue of $12014 Million in 2016 and is anticipated to contribute $62520 Million by 2025, growing at a CAGR of 18.47%.
Various reasons for growth of the ADAS market are increasing concerns and need for safety of driver, passengers, car and pedestrians, technological advancements, strict federal regulations about road safety, rising demand for ADAS systems and higher awareness among consumers.
ADAS market is segmented on the basis of geography and component type. Component types can be type and sensors. Various type of ADAS systems are tire pressure monitoring system, drowsiness monitor system, park assist system, adaptive cruise control, blind spot detection system, lane departure warning system, adaptive front lightning system and others like night vision and driver assistance. On the basis of sensors it is classified into ultrasonic sensor, infrared sensor, radar sensor, image sensor, LIDAR sensor and LASER sensor.
Adaptive cruise control is expected to report highest growth in the forecast period due to its safety benefits. The National Transport Safety Board, U.S, has considered this feature one of the top ten most wanted safety improvement. It is expected that the EU will soon make it mandatory for car to have adaptive cruise control which will lead to huge demand and market growth.
The major market players for ADAS are Valeo, Magna International Inc., Robert Bosch GmbH, Autoliv Inc., Continental AG, Denso Corporation, Wabco Holding Inc., Mobileye Inc., Infineon Technologies AG and General Motors (GM).