Dublin, Feb. 25, 2016 -- Research and Markets (http://www.researchandmarkets.com/research/589qsx/global_advanced) has announced the addition of the "Global Advanced Driver Assistance System (ADAS) Market - Forecast & Analysis, 2016 - 2022" report to their offering.
It is estimated that around 50.12 million units of vehicles equipped with ADAS are to be shipped in 2016 and these shipments are expected to reach 60.52 million units by 2022. The ADAS equipped vehicles are expected to grow at a CAGR of 3.2% from 2016 to 2022. The ADAS system market is estimated to capture market value of $5,757.48 million in 2016 and is expected to grow at a CAGR of 10.4% during the forecast period to reach $10,448.15 million by 2022.
The demand for ADAS is rapidly gaining pace in the automotive industry owing to the proliferating future demand for autonomous/driverless vehicles. The rising awareness towards the driver's safety and influence of regulations and safety ratings on OEMs are the major factors responsible for enhancing the growth of ADAS market, globally.
ADAS market has high impending growth in the automotive industry majorly attributed towards the high rate of proliferation of the sensors and emerging technologies in the automotive industry. Besides that, the cost of sensors has been decreasing drastically from past five years which is attributing to the increasing volume of sensors in the automotive industry.
The growing public awareness towards a driver's safety is also the important factor responsible for the exponential growth of the ADAS equipped vehicles. Moreover, the vehicle manufacturers are instructed to include safety features in new car models due to the rising influence of regulators and national & international safety organizations that issue safety ratings.
Companies Mentioned:
- Aisin Seiki Co., Ltd.
- Autoliv Ab
- Continental Ag
- Delphi Automotive Plc
- Denso Corporation
- Gentex Corporation
- Hella Kgaa Hueck & Co.
- Magna International Inc.
- Mobileye
- Qnx Software Systems Ltd
- Robert Bosch Gmbh
- Takata Corporation
- Texas Instruments Incorporated
- Zf Trw
Topics Covered:
1 Executive Summary
2 Report Scope
3 Methodology
4 Industry Analysis
5 Market Dynamics
6 Competitive Insights
7 ADAS Market, By Component
8 ADAS Market, By Sensor Technologies
9 ADAS Market, By Application
10 ADAS Market, By Geography
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/589qsx/global_advanced
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Sector: Telematics and Vehicle Electronics, Automotive Safety
