Adaptive Cruise Control Market going to be worth 108.6 Million Units by 2018. march 2014
Adaptive Cruise Control Market worth 108.6 Million Units by 2018.
The report, "Driver Assistance Systems Market, By Types [Adaptive Cruise Control (ACC), Lane
Departure Warning (LDWS), Park Assist, Drowsiness Monitor, Blind Spot Detection (BSD), Night Vision,
Tire Pressure Monitoring (TPMS), Adaptive Front Lighting], By Technology [Ultrasonic, Image, RADAR,
LIDAR, Infrared (IR)] & Geography: Global Trends and Forecast to 2018" defines and segments the
global driver assistance market with analysis and forecasting of the global volume and revenue.
Browse 127 market data tables and 46 figures spread through 357 pages and in-depth TOC on
"Driver Assistance Systems Market, By Types [Adaptive Cruise Control (ACC), Lane
Departure Warning (LDWS), Park Assist, Drowsiness Monitor, Blind Spot Detection (BSD),
Night Vision, Tire Pressure Monitoring (TPMS), Adaptive Front Lighting], By Technology
[Ultrasonic, Image, RADAR, LIDAR, Infrared (IR)] & Geography: Global Trends and
Forecast. to 2018".
http://www.marketsandmarkets.com/Market-Reports/driver-assistance-systems-market-1201.html
Early buyers will receive 10% customization on this report.
Europe and North America are theleading regions for theinvention and implementation of the
advanced technologies. These regions not only accept the technologies but also adopt them at a
high rate.The driver assistance technologies not only help in meeting the stringent safety and
environmental regulations but also aid to the vehicle as well as road safety. There are various
automakers such as Audi, BMW, Volkswagen, Volvo, and others have launched their vehicles
equipped with various types of driver assistance systems. Due to mandatory application of TPMS
in Europe in passenger cars by 2014 and mandatory application of LDWS on HCV by 2015,
have increases the demand fordriver assistance system in Europe. Safety norms are not only
reason for their high growth; growing personal safety concerns are also playing an important role
in the demand for driver assistance system in passenger cars.
Asia-Pacific region to witness highest growth for driver assistance systems
Asia-Pacific is the largest passenger cars manufacturing region in the world, estimated to
produce more than 37 million passenger cars in 2013, and growing with a CAGR of 8.56% for
the next five years. In terms of driver assistance systems,the region also becomes an important
market considering near future growth trends in vehicle demand, improving lifestyle, and
changing buyer’s preferences. Driver assistance systems will be in demand because of their
importance in the congested traffic of highly populated Asia-Pacific countries. Number of Asian
passenger car producers such as, Toyota, Nissan, Honda, Hyundai/Kia, etc., are offering driver
assistance systems in their cars. In next few years, many countries such as China, South Korea,
Japan, etc. are in a process of making few driver assistance systemsmandatory in passenger cars,
hence the market is anticipated to grow with a promising growth rate in next five years.