Rising traffic safety concerns coupled with favourable regulatory norms regarding installation of these systems will primarily drive the industry growth. Various governments across the globe have mandated the installation of ADAS, ensuring road safety. For instance, in July 2010, Directive 2010/40/EU was implemented in Europe for deployment of these systems in vehicles across the region. High acceptance from the developing countries of Asia Pacific owing to the rising disposable income of people will further escalate the revenue generation. Rising demand from the compact cars, especially from China and Japan will also drive the advanced driver assistance system market share from 2017 to 2026.

Park assist systems will be the leading technology segment during the forecast period

The high revenue generation is attributed to its low price that enables aftermarket adoption by medium and small car owners. Strong prevalence in the industry over the past years also contributes significantly to the industry growth. Rapidly falling prices of these systems will further support the segment’s dominance.

Among vehicle, PCV is expected to grow at the highest CAGR

High demand for installation of these systems in passenger vehicles due to rising road safety concerns across the globe will primarily drive the product demand. Rising sales of premium & luxury vehicles that incorporate the latest electronic and safety systems will further support the segment’s dominance till 2026. Rising demand in compact cars is another factor accelerating the industry penetration.
North America to dominate the Advanced Driver Assistance Systems market in the forecast period

North America is a leader in the Advanced Driver Assistance Systems market and is expected to hold the largest share of the Advanced Driver Assistance Systems Market – The region has witnessed substantial increase in the testing procedures of these ADAS features. Moreover, it is the second largest vehicle producer across the globe. Relatively higher adoption of ADAS as compared to other regions coupled with presence of established industry participants will further support the regional dominance. Stringent regulations regarding driver safety will also impact the revenue generation evidently.

Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Automotive Advanced Driver Assistance Systems Market (ADAS) by Technology (Adaptive Cruise Control, Automatic High Beam Control, Autonomous Park Assist, Blind Spot Detection, Driver Monitoring, Forward Collision Warning, Front Lighting, AEB, Night Vision, Head Up Display, Lane Departure Warning, Park Assist, Surround View System, Traffic Sign Recognition, Tire Pressure Monitoring System), by Sensor (LiDAR, Infrared, Ultrasonic, RADAR, Image Sensor), by Vehicle (PCV, LCV, HCV), by Distribution Channel (OEM, Aftermarket) and Region (North-America, Europe, Asia Pacific, Latin America, Middle East and Africa)”.


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