Gaurang Bansal

Advanced Driver Assistance Systems (ADASs)

This policy mandates that the equipment and automobile manufacturers in the country must comply with the existing vehicle safety regulations. Similarly, the European Commission (EC) has aimed to curb the incidence of road accidents in the region by 50% in the future years. Apart from the increasing requirement of greater vehicular safety, the burgeoning demand for comfort features in cars such as parking assist and adaptive cruise control are also fueling the surge in the integration of ADASs in vehicles all over the world. 

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The other major factor responsible for the soaring sales of ADASs is the growing popularity of connected cars and autonomous vehicles around the world. These vehicles are equipped with various advanced systems and technologies including the ADASs and internet of things. Moreover, the increasing disposable income in several countries is ensuring a drastic rise in the sales of these vehicles. Due to these factors, the revenue generated from the worldwide sales of ADASs is predicted to increase from $19.8 billion to $99.6 billion from 2015 to 2022.

 

The global advanced driver assistance system (ADAS) market will exhibit a CAGR of 27.0% between 2016 and 2022. When component is taken into consideration, the market is categorized into system and sensor.