According to the
report analysis, ‘North America Advanced Driver Assistance
Systems (ADAS) Market (2018-2023)’ states that some of the major key
players are presently functioning in this market more actively for dominating
the handsome amount of share in the short span of time by doing growing demand
for these systems includes Continental AG, Autoliv Inc., Delphi Technologies, Denso
Corporation, Bosch, Magna International, BMW AG, Ford Motor Company, Aisin
Seiko Co., Mobileye and several others. In addition, a vehicle's ADAS can noted
the objects and notify the driver timely of hazardous conditions or impending
danger. The North America ADAS market is expected to reach USD 9.20 Billion by
2023 with a CAGR of 17.7% during 2018-2023.
Advanced driver
assistance system are very much effective systems which are systematically
installed in the car to help the driver in the driving
process as many of the accidents occurred due to the human error. Moreover,
these system significantly support the driver to avoid collisions and accidents
as it is a set of system used in vehicles to facilitate a comfortable and
intelligent driving experience. The key player are adopting effective market
strategies and policies for doing attractive developments in the technology of
these systems. Not only has this, in North America the market of advanced
driver assistance systems is categorized into the three primary sectors which
are based on the sensor, component and vehicle. Whereas, based on components,
the market of these systems is classified into adaptive cruise control (ACC),
parking assistance (PA), lane departure warning (LDW), tire pressure monitoring
(TPM), blind spot detection (BSD), autonomous emergency braking (AEB) and
others (adaptive front lighting, drowsiness monitor, forward collision warning,
head-up display and driver monitoring systems). Hence, with the effective
classification and applications of these systems it is projected that the
market will rise in the near future more increasingly.
On the basis of
region, with the effective working of key players the market is segment into
the U.S. and Canada. Widespread adoption of these systems in small cars is
projected to further boom up the market demand significantly. Increasing levels
of technological innovation as well as rising creativities in the favor of vehicle
automation and self-drive cars have raised the ultimatum for driver safety and
assistance systems over the past decade. For instance, the growth of the ADAS
market is presently hampered by the rising incidence of software
disappointments in sensors coupled with the high cost of these systems that
have acted as major restrictive factors for the extensive acceptability of
these systems. While, the market of ADAS in North America is predictable to
increase with a growth in demand for automobiles, especially in the U.S. Major
manufacturers occur in this region and collective with the obtainable
sophisticated technologies they fuel the ADAS market growth. Car sales across
the U.S. have expressively augmented implying a positive panorama of growth in
the automotive industry. This industry in Canada is closely linked to that of
the U.S., because of the North American Free Trade Agreement (NAFTA) and the
Automotive Products Trade Agreement (APTA). Therefore, the market in this region
is also increasing. Hence, expected that in the forecasted period the market of
ADAS will rise more actively over the recent few years in the North America
region.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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