Toronto, Ontario — November 29, 2015 — Completely autonomous vehicles, cars that drive themselves, tend to grab headlines. However, Advanced Driver Assistance Systems (ADAS) are steps along that road. A new report from Research and Markets outlines the global ADAS market for the new few years.
ADAS are systems that support, complement, or substitute the driver of a vehicle. They use radar and cameras to assist the drivers by providing real-time information about the surroundings. These systems help drivers to avoid collisions and accidents. OEMs are focusing on adopting advanced safety features such as ADAS because of growing government regulations focused on the safety of passengers and drivers.
The report, available at researchandmarkets.com, recognizes a number of companies as the key players in the global ADAS market: Continental AG, Delphi Automotive LLP, Denso Corp., Magna International Inc., Robert Bosch GmbH and Valeo SA. Other prominent vendors in the market are Aisin Seiki, Autoliv, Ficosa International, FLIR Systems, Freescale Semiconductor, GENTEX Corporation, Hella KgaA Hueck, Hitachi, Hyundai Mobis, Infineon Technologies, Mando, Mobileye, Renault Group, Renesas Electronics, Texas Instruments, TRW Automotive Holdings and WABCO Holdings.
The analysts forecast the Global ADAS market to grow at a CAGR of 24.97 percent over the period 2014-2019. Commenting on the report, an analyst from the team said: “Increased demand from the developing countries for night vision systems and blind spot detection in vehicles is one of the key trends being observed in this market. Improved economic conditions in these countries, growing safety concerns among consumers, and increased road accidents as a result of poor visibility at night, while changing lanes, or merging with traffic have increased the demand for ADAS.”
The report is available for purchase from Research and Markets at Global ADAS Market 2015-2019.