ADAS Market worth 42.40 Billion USD by 2021

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MarketsandMarkets Presents
ADAS Market worth 42.40 Billion USD by 2021
http//www.marketsandmarkets.com/Market-Reports/dr
iver-assistance-systems-market-1201.html
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The report "ADAS Market by Type (ACC, HUD, TPMS,
LDWS, Blind Spot Detection, Adaptive Front
Lights, Electronic Brake Assist, Park Assist,
Night Vision, Pedestrian Detection, Road Sign
Recognition, Drowsiness Monitor), Sensor
Technology (Ultrasonic, Image, RADAR, LIDAR,
Infrared), Vehicle Type, by Region - Forecast
to 2021", The advanced driver assistance system
(ADAS) market is projected to grow at a CAGR of
10.44 from 2016 to 2021, to reach a market size
of USD 42.40 Billion by 2021. Browse 87 market
data tables with 64 figures spread through 184
pages and in-depth TOC on "ADAS Market by Type
(ACC, HUD, TPMS, LDWS, Blind Spot Detection,
Adaptive Front Lights, Electronic Brake Assist,
Park Assist, Night Vision, Pedestrian Detection,
Road Sign Recognition, Drowsiness Monitor) Sensor
Technology (Ultrasonic, Image, RADAR, LIDAR,
Infrared) Vehicle Type Region - Forecast to
2021"  http//www.marketsandmarkets.com/Market-Re
ports/driver-assistance-systems-market-1201.html
Early buyers will receive 10 customization on
reports.
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Factors such as existing or upcoming vehicle
safety regulations, improved socio-economic
conditions resulting in an increasing demand for
luxury cars, and the changing preferences of
buyers are key trends that are influencing the
global ADAS market. Radar sensor Promising
technology for advanced driver assistance
systems The radar sensor segment is estimated to
lead the ADAS market, by sensor technology,
during the forecast period. The high demand for
radar sensors can be attributed to the advantages
offered by these sensors in various vehicle
applications. Radar sensors are used in adaptive
cruise control, emergency braking systems, and
collision avoidance systems, among others. The
market for these technologies is set to witness
substantial growth, with regulatory bodies in
Europe and North America planning to mandate some
of the technologies. This would consequently
boost the market for radar sensors. Tire
pressure-monitoring system Upcoming mandates in
Asia-Oceania to drive the demand The tire
pressure-monitoring system segment is estimated
to dominate the global ADAS market during the
forecast period. Tire pressure-monitoring systems
have been mandated for all passenger cars in
Europe and in North America.
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Furthermore, Asian countries such as Japan,
China, and India are in the process of
investigating the benefits of tire
pressure-monitoring technology. Regulations
mandating these systems are projected to be
followed from 2018 (Japan), 2019 (China), and
2020 (India) onwards. Tire pressure-monitoring
systems are therefore estimated to constitute the
largest market in 2016. North America Largest
market for advanced driver assistance
systems North America is estimated to be the
largest market for ADAS in 2016, owing to the
stringent safety regulations in the region.
Upcoming governmental regulations relating to
vehicle, driver, passenger, and pedestrian safety
have compelled automobile manufacturers to
include the mandated features as a default
offering. For instance, the installation of tire
pressure-monitoring systems has been mandated for
all passenger cars in Europe and North America.
The U.S. New Car Assessment Program (NCAP) has
mandated emergency braking and lane departure
warning systems to ensure a five-star rating for
any passenger car. Additionally, the U.S.
National Highway Transport Safety Administration
(NHTSA) is analyzing the feasibility of making
lane departure warning and rearview camera
systems a mandate. Regulations pertaining to
vehicle safety are therefore estimated to drive
the growth of the ADAS market during the forecast
period. http//www.marketsandmarkets.com/Market-R
eports/driver-assistance-systems-market-1201.html
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iver-assistance-systems-market-1201.html
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