Advanced Driver Assistance Systems (ADAS) Market Poised for Steady Gr Advanced Driver Assistance Systems (ADAS) Market G | Seite 4

Report
Description
Report Description
Japan and South Korea. The growth in Asia Pacific segment of the global advanced driver
assistance systems market is fueled by increasing penetration rate of active safety
systems especially in region like China and India due to supporting macroeconomic
factors such as rising income and purchasing power, changing lifestyle to due growing
urbanization and increasing awareness about active safety systems. Additionally,
countries like Japan and South Korea is also forecast to register significant growth of
demand inadvanced driver assistance systems and is expected to account for double digit
growth in terms of revenue in the global advanced driver assistance systems market due
to stringent government legislations and safety norms.

The global advanced driver assistance systems market is further segmented into channel
which include original equipment manufacturers (OEMs) and aftermarket. OEMs
accounts majority of share in terms of revenue in the global advanced driver assistance
systems market, and is forecast to maintain its dominance for the forecast period in
global advanced driver assistance systems market. On the basis of vehicle type the global
advanced driver assistance systems market is further segmented into passenger vehicle
and commercial vehicle sub-segments. As of 2013, the passenger vehicle segment
dominates the overall global advanced driver assistance system, and it is expected to
maintain its dominance in global advance driver assistance systems market throughout
the forecast period. Currently, advance driver assistance systems are majorly available as
factory installed equipment in luxury in premium cars but in future these systems are
expected to witness increased penetration in low segments cars too, thereby giving rising
the demand in global advance driver assistance systems market.