However unsurprisingly, the recent scenario of
automotive and automotive components market in Africa and recent development in
the advanced driver assistance systems represent an effective growth in the
present trend. Whereas, advanced driver assistance systems are an effective
systems which developed to automate, improve the system of vehicle for better
driving and safety. Moreover, the safety advantages are structured to avoid the
collisions and accidents by serving attractive technologies that safeguard and
alert the driver to potential problems. In other words, ADAS are those systems
which actively support, substitute or complement the driver of the respective
vehicle. These systems are the foundation of next-generation automotive
electronic safety systems and autonomous cars and leading the way to autonomous
vehicles. Not only has this, these systems are having effective classification
and applications which lead the market growth in the near future more
significantly which further become beneficial for the acquiring the handsome
amount of share by the focused key players in Africa.
According to the report analysis, ‘Middle
East and Africa Advanced Driver Assistance Systems (ADAS) Market (2018-2023)’
states that there are several key player which are presently functioning in
this market more significantly for leading the highest market share in Africa
by doing attractive developments in the technology for safeguarding the driver
potential more actively includes Autoliv Inc., Bosch, Ford Motor Company, BMW
AG, Mobileye and several others. Additionally, The Middle East and Africa ADAS
market is expected to reach USD 3.17 Billion by 2023 with a CAGR of 23.3%
during 2018-2023. Whereas, the legal authorities of South Africa identifies the
automotive industry to be a key growth segment. Other foremost markets in the
MEA region involve the UAE and Saudi Arabia. The UAE is projected to present
the huge CAGR in the Middle East and Africa region during the forecast period.
In addition, in Africa the market is categorized
into three principal segments based on vehicle, sensor and component. While,
based on vehicle, the market is split into passenger and commercial vehicles.
Moreover, basis on the sensors, the market is split into image, radar, lidar
and other sensors (ultrasonic, infrared and laser sensors). On the basis of
countries, with the effective applications and classifications the market of
these systems is segmented into UAE, Saudi Arabia and Rest of Middle East and
Africa (MEA). The key players of this market are working in an enormous manner
for removing those factors and challenges which hinder the market growth such
as recently significant increase in the incidences of software failures in
sensor coupled with the huge cost of these systems that have acted as main
restraining factors for the huge accessibility of these system. Moreover, the
growing dissemination of vehicle ownership in this region is anticipated to
operate the automotive market, subsequently driving the ADAS market. The
prominent Original Equipment Manufacturers (OEMs) in the MEA region are BMW and
Toyota, and their attendance in the luxury vehicle sector is going to navigate
the demand for the ADAS market in South Africa and the Middle East. Hence, in
the near future, it is projected that the market of advanced driver assistance
systems in Africa will grow more positively over the recent few years.
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