- The key vendors in the Global ADAS Market 2015-2019 are Continental AG, Delphi Automotive LLP, Denso Corp., Magna International Inc., Robert Bosch GmbH and Valeo SA
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global ADAS Market 2015-2019. Increased demand from the developing countries for night vision systems and blind spot detection in vehicles is one of the key trends being observed in this market. Improved economic conditions in these countries, growing safety concerns among consumers, and increased road accidents as a result of poor visibility at night, while changing lanes, or merging with traffic have increased the demand for ADAS. The Global ADAS market is expected to post a CAGR of 24.97 percent during the forecast period of 2014-2019.
“ADAS manufacturers such as Continental, Robert Bosch, and Autoliv are collaborating with OEMs to develop and manufacture low-cost ADAS for low-cost and compact vehicles,” says Faisal Ghaus, Vice President of Technavio Research.
“A consistent increase in the demand for compact and mid-sized vehicles equipped with advanced safety features in emerging markets such as India and China is also expected to propel the growth of the market during the forecast period.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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