Advanced Driver Assistance Systems (ADAS) Market Poised for Steady Gr Advanced Driver Assistance Systems (ADAS) Market G | Page 3

Report
Description
Report Description
Autonomous vehicle technology is proactively design and developed by automotive
industry to bring benefits of safety, traffic control and ultimately enhancing driving
experience. Technology has become one of the main constraints of premium and luxury
car buyers, especially when it comes to safety. Various advancement in safety features
has been designed and developed by automotive industry players such as advanced
driver assistance systems (ADAS). The main application of ADAS is obstacle detection and
avoiding collision. ADAS is the set of systems comprises electronic devices, equipment,
radar camera and sensors. One of the most popular feature of ADAS is cruise control
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The global advanced driver assistance systems market is increasing rapidly due to various
factors such as stringent government norms related to safety and consumer preferences
shifting to new technology advancement and active safety features. The global advanced
driver assistance systems market is expected to register 16% to 18% CAGR for the
forecast period. The global advanced driver assistance systems market is geographically
segmented into seven key regions which are North America, South America, Eastern
Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. As of 2013, North
America registered the largest share in global advanced driver assistance systems market
followed by Europe and Asia Pacific region respectively. In terms of growth rate Asia
Pacific segment is projected to register highest growth in global advanced driver
assistance systems market with double digit CAGR, closely followed by