TechNavio recognizes the following companies as the key players in the Global Advanced Driver Assistance Systems Market: Audi AG, Bayerische Motoren Werke AG, Continental AG, Delphi Automotive plc, Denso Corp., Fiat S.p.A., Ford Motor Corp., General Motors Co., Takata Corp., and Toyota Motor Corp.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends witnessed by the Global ADAS market is the growing focus on low-cost cars. The Global ADAS market is expected to witness increasing penetration of ADAS in the Low-cost Cars segment in the coming years. Suppliers such as Continental and Robert Bosch are working closely with OEMs right from the product concept to develop low-cost ADAS such as LDW systems, traffic sign recognition systems, intelligent headlamp control systems, and driver monitoring systems for the Medium-sized Cars and Compact Cars segments. This is because these are the segments that will help attain economies of scale and reduce the price of ADAS.”
According to the report,the main factor that is driving the market is the increasing emphasis on safety and the adoption of safety measures. Vehicle manufacturers across the globe are increasingly focused on providing high security and safety in their vehicles and hence they are deploying ADAs in their vehicles.
Further, the report states that the main challenge is the expensive nature of ADAS solutions. The high cost of ADAS solution forces automobile manufacturers to implement this solution only in premium vehicles. This reduces the production volume of vendors and hence the market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-advanced-driver-assistance-system…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Advanced Driver Assistance Systems Market 2012-2016
