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Report Information
Global Advanced Driver Assistance Systems Market - Trends & Forecast,
2017-2023
https://www.marketresearchnest.com/global-advanced-driver-assistance-systems-market---trends-and-fo
recast-2017-2023.html
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A Report Description
Market Scenario
Advanced driver assistance systems are systems that are developed to increase vehicle safety and enhance
the driving experience. Advanced driver assistance are a combination of certain systems that alert the driver
to potential problems. Adaptive features include automated lighting, adaptive cruise control, automate
braking, incorporate traffic warnings, connect to smartphones, alert driver to other cars or dangers, keep the
driver in the correct lane, or show what is in blind spots.
With the only source of lighting in the darkness being the street lamps and the front lighting systems of the
vehicles, there exists an increasing need for the ADAS. In addition, stringent government regulations
regarding the safety of passengers has forced the automobile manufacturers to ensure the integration of
safety features in automobiles (such as pedestrian detection and blind spot detection), which in turn has
fueled the demand in the global market.
In the advanced driver assistance systems market, the gradually changing consumer preference has played
a major role. Over time, with the stabilization of socio economic conditions of the individuals, led to gradually
increasing disposable income. With the rising disposable income, individuals could afford to prioritize their
comfort. Of late, the consumers in the automotive industry focus on additional features such as adaptive
lighting systems, pedestrian detection, and blind sport detection along with the aesthetic features of the
vehicle. Increasing preference towards comfort by individuals has resulted in the development of advanced
vehicular products and upgraded features that focus on the passengers' comfort rather than the vehicles'
mechanical performance.
The global Advanced Driver Assistance market was valued at USD 9.153 million in 2016 which is expected to
reach USD 21.921 million by 2023 with a CAGR of 12.24%.
Study Objectives of Global Advanced Driver Assistance System market
To provide detailed analysis of the market structure along with forecast for the next five years of the various
segments and sub-segments of the global Advanced Driver Assistance System market
* To provide insights about factors affecting the market growth
* To analyze the global Advanced Driver Assistance System market based on various tools such as Supply
Chain Analysis, and Porter's Five Force Analysis
* To provide historical and forecast revenue of the market segments and sub-segments with respect to
regions and their respective key countries
* To provide country level analysis of the market with respect to the current market size and future
prospective
* To provide country level analysis of the market for segments by material vehicle type, components and
region
* To provide strategic profiling of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market
* To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the Advanced Driver Assistance