Advanced driver assistance systems (ADAS) are used to provide an intelligent driving experience for the driver. The Global advanced driver assistance system (ADAS) market is expected to evolve with a CAGR of 19.01% over the forecast years of 2018-2026.
The segmentation of the Global Advanced Driver Assistance Systems (ADAS) market is done on the basis of vehicle type, sensor type and solutions. Vehicle type segment includes heavy commercial, passengers, and light commercial vehicles. ADAS sensor types include ultrasonic, image, laser, infrared, and LiDAR sensors. Market by solutions includes adaptive front lighting systems, parking assistance system, blind spot detection, collision warning systems, advanced emergency braking system, electronic stability control, traffic sign recognition systems, driver drowsiness detection, lane departure warning systems, tire pressure monitoring system, adaptive cruise control, and other solutions.
Market regions that are covered in this report are North America, Europe, Asia-Pacific and RoW. The European ADAS market leads the global scene, propelled by regular upgradations in the technology. Also, the region boasts of a flourishing automotive industry, which considerably augments the market demand. Asia-Pacific is expected to account for the second-highest CAGR in the global ADAS market, owing to the presence of fast developing countries like Japan and South Korea and the safety regulations imposed on the vehicles in these regions.
Companies like Aptiv (Delphi Automotive Plc), Aisin Seiki Co Ltd, Autoliv Inc, Continental Ag, Hella Kgaa Hueck & Co, Denso Corporation, Hyundai Mobis, Magna International Inc, Infineon Technologies Ag, Mobileye N.V, Panasonic Corporation, Nxp Semiconductor, Renesas Electronics Corporation, Samvardhana Motherson (Smr), Robert Bosch Gmbh, Takata, Valeo S.A, Texas Instruments Wabco Holdings Inc, and Zf Trw are established in the global ADAS market.