Growing Demand for Safety Solutions Will Boost the Global ADAS Market Through 2019: Technavio
April 10, 2015 | By Business Wire News
LONDON
Growing concern among consumers about automobile safety has resulted in the growth of the Global ADAS Market, which is expected to post a CAGR of 24.97 percent from 2014-2019, says research firm Technavio.
About the Report
Increased demand for safety features in emerging markets worldwide has led to the installation of in-vehicle electronic equipment in entry-level vehicles. Advanced driver assistance systems (ADAS) aim to help protect passengers from injury and prevent traffic accidents during critical situations.
“Growing concern about passenger safety has compelled automobile manufacturers to implement various driver assistance systems and focus on improving the integration of passive safety systems along with active safety systems,” says Faisal Ghaus, Vice President of Technavio.
The latest Technavio report also draws attention towards the growing demand for night vision systems (NVS) and blind spot detection (BSD), specifically in the Americas and Europe. Increased economic growth in emerging markets has resulted in improved financial status and increased disposable incomes, so consumers are willing to pay high prices for premium vehicles equipped with NVS.
“Increased installation of safety systems in vehicles is resulting in high demand for NVS in countries like India, China and Thailand in the APAC region,” says Ghaus.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
- Market Growth Drivers:
- Growing Demand for Safety Solutions
- For a full detailed list, view our report.
- Market Challenges:
- High Cost of ADAS
- For a full detailed list, view our report.
- Market Trends:
- High Demand for NVS and BSD in Developing Countries
- For a full detailed list, view our report.
- Key Vendors:
- Continental AG
- Delphi Automotive LLP
- Denso Corp.
- Magna International Inc.
- Other Prominent Vendors:
- Aisin Seiki
- Ficosa International
- FLIR Systems
- GENTEX Corporation
Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the drives market:
If you are interested in more information, please contact our media team at media@technavio.com.
Technavio Research
Jes Ellacott
Media & Marketing Executive
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