ADAS Market Size Worth $67.43 Billion by 2025 | CAGR: 19.0%: Grand View Research, Inc.

SAN FRANCISCO, February 13, 2018 /PRNewswire/ --

The global advanced driver assistance system (ADAS) market [https://www.grandviewresearch.com/industry-analysis/advanced-driver-assistance-systems-adas-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Feb13_Advanced_Driver_Assistance_SystemsRD1&utm_content=Content ]  is expected to reach USD 67.43 billion by 2025, growing at a CAGR 19.0%, according to a new report by Grand View Research, Inc. Increasing government initiatives for mandating driver assistance system in order to lower road accidents is expected to proliferate market growth. Moreover, increasing adoption of these systems in small cars is anticipated to further boost the market demand.

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Rising level of technological innovation as well as growing initiatives towards vehicle automation and self-driving cars has raised the demand for driver safety and assistance systems over the past decade. For instance, European Union has mandated the automotive manufacturers to fit ADAS systems such as lane departure warning systems (LDWS) and autonomous emergency braking systems (AEBS) in all heavy commercial vehicles weighing over 7,000 Kilograms.

ADAS technologies such as night vision, drowsiness monitoring system and road sign recognition systems among others are anticipated to grow considerably over the forecast period. Tire pressure monitoring system also expected to have significant penetration in the overall market owing to their low prices and easy aftermarket availability. Moreover, Adaptive cruise control provides much better driver safety and helps to avoid fatal road accidents, thus the demand for these systems is expected to witness high growth by 2025.

The sensor components accounted for largest market share in 2016. The automotive industry is in process of deploying self-driving vehicles on road, such types of autonomous vehicles require combination of large number of sensors such as cameras, Radar, LiDAR, ultrasonic sensors for performing different operations accurately. Thus, the demand for sensors is anticipated to increase significantly over the forecast period. Among different sensor types Lidar sensors are anticipated to gain high traction by 2025, owing to their crucial function in self-driving cars.

In 2016, passenger cars accounted for over 72% share in global ADAS market, however commercial vehicle segment is expected to witness fastest growth over the forecast period owing to aforementioned government regulations for improving safety of heavy commercial vehicles.

Browse full research report with TOC on "Advanced Driver Assistance Systems (ADAS) Market Size, Share & Trend Analysis Report By Solution (Adaptive Cruise Control, Blind Spot Detection), By Component, By Vehicle, And Segment Forecasts, 2014 - 2025" at: https://www.grandviewresearch.com/industry-analysis/advanced-driver-assistance-systems-ada s-market [https://www.grandviewresearch.com/industry-analysis/advanced-driver-assistance-systems-adas-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Feb13_Advanced_Driver_Assistance_SystemsRD2&utm_content=Content ]

Further Key Findings From the Report Suggest: 

        
        - Global Advanced Driver Assistance System (ADAS) demand was USD 14.15 billion in
          2016 and is anticipated to witness staggered growth over the next eight years.
        - The autonomous emergency breaking system segment is anticipated to grow at CAGR of
          22.0% over the forecast period.
        - The demand for ADAS processors is anticipated to grow at moderate rate over the
          forecast period.
        - The Asia Pacific market is projected to witness substantial growth over the next
          decade owing to various developments across major economies, especially in the Chinese
          market. The regional market is expected to grow at a CAGR of 8.5% from 2017 to 2025
        - Key players including Continental AG, Mobileye, Autoliv Inc., Magna international, and
          Hyundai Mobis dominated the global ADAS market while accounting for over 43% of the
          total volume in 2016. Advanced driver assistance system is leading the way to
          autonomous vehicles. Technological innovation and disruptive pricing are key criteria
          to strive the fierce competition in the market. Thus, various players are introducing
          highly innovative products primarily focused on increasing the overall user safety and
          enhancing the driver's experience.

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Grand View Research has segmented the global advanced driver assistance system market report on the basis of solution type, component type, vehicle type and region: 

        
        - Advanced Driver Assistance System Solution Type Outlook (Revenue & Volume, 2014 -
          2025) 
             - Adaptive Cruise Control
             - Blind Spot Detection System
             - Park assistance
             - Lane Departure Warning System
             - Tire Pressure Monitoring System
             - Autonomous Emergency Braking
             - Adaptive Front Lights
             - Others
        - Advanced Driver Assistance System Component Type Outlook (Revenue & Volume, 2014 -
          2025) 
             - Processor
             - Sensors
                - Radar
                - Ultrasonic
                - LiDAR
                - Others
             - Software
             - Others
        - Advanced Driver Assistance System Interior Design Outlook (Revenue & Volume,
          2014 - 2025) 
             - Passenger car
             - Commercial vehicle
                - Light commercial vehicle
                - Heavy commercial vehicle
        - Advanced Driver Assistance System Regional Outlook (Revenue & Volume, 2014 - 2025)
           
             - North America
                - U.S.
                - Canada
             - Europe
                - United Kingdom
                - Germany
             - Asia Pacific
                - China
                - India
                - Japan
             - Latin America
                - Brazil
                - Mexico
             - Middle East & Africa

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About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

        

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        Grand View Research, Inc. 
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SOURCE Grand View Research, Inc.