Global Advanced Driver Assistance System (ADAS) Market - Forecast & Analysis, 2016 - 2022

Global Advanced Driver Assistance System (ADAS) Market - Forecast & Analysis, 2016 - 2022 - Rising Awareness Towards Driver's Safety - Research and Markets

Advanced Driver Assistance Systems (ADAS) has become an essential constituent in the automotive systems nowadays. ADAS is one of the segments in automotive industry with a high growth potential. ADAS comprise of systems with efficient and advanced technologies that provide autonomy to the vehicles and assist the driver in driving the vehicle safely.

The various components in ADAS include:

• Parking assistance system,
• Drowsiness monitoring system,
• Blind-spot detection system,
• Road sign detection system,
• Autonomous emergency braking system,
• Lighting system,
• Pedestrian detection,
• Tire pressure monitoring,
• Lane departure warning,
• Head-up display,
• E-call telematics.

Various forms of ADAS are available in the market. Several luxury, top-end, and high cost cars have been built in ADAS systems; while in other cars, these systems are available as an add-on package. Besides this, there are aftermarket solutions available for ADAS.

The demand for ADAS is rapidly gaining pace in the automotive industry owing to the proliferating future demand for autonomous/driverless vehicles. The rising awareness towards the driver's safety and influence of regulations and safety ratings on OEMs are the major factors responsible for enhancing the growth of ADAS market, globally.

It is estimated that around 50.12 million units of vehicles equipped with ADAS are to be shipped in 2016 and these shipments are expected to reach 60.52 million units by 2022.

Read more : http://www.businesswire.com/news/home/20160509005552/en/Global-Advanced-Driver-Assistance-System-ADAS-Market