Driver Assistance System Market Regional Outlook Opportunity Assessment and Potential of the Market by 2027 | Impact of COVID-19

 Market overview

The advanced driver assistance system market is expected to have a CAGR of 15% for the foreseeable future. More people around the world agree that roads are not safe to drive on. They see (especially policymakers and government officials) advanced driver assistance systems as a way of making these roads safer to drive on.

Global Driver Assistance System Market is projected to reach USD 45 Billion by 2027, growing at 15% CAGR during the forecast period. 

More people are talking or texting on their phones while driving. They are also driving while distracted. This led to a rise in motor accidents in recent years. Governments have responded by passing laws that require vehicle manufacturers to include safety features in newer cars. These include airbags, collision warning systems, etc…

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/794 

Opportunities

Many governments around the world have been attempting to make their streets safer by passing stricter driving rules. Car manufacturers have responded by adding more technologically advanced systems and features to their vehicles. Some of these include multifunctional and advanced driver assistance systems.

What’s really spurring growth in the advanced driver assistance systems market is the fact that more people around the world are interested in driving cars that are equipped with the latest in advanced and safety-equipped advanced driver assistance systems. This is especially true of luxury cars. Hence, car manufacturers are investing heavily in research and development to come up with these new technological advances.

Market segmentation

By technology

The advanced driver assistance systems market is segmented into the following categories based on technology:

  • Heads-up display
  • Blindspot detection
  • Drowsiness motor
  • Protecting pedestrians
  • Smart part assistance
  • Adaptive cruise control
  • Others

By car type

This segment can be divided into the following categories:

  • Passenger cars
  • Commercial cars

By sensor type

This segment can be divided into the following categories:

  • Ultrasonic sensor
  • Lidar sensor
  • Camera sensor
  • Radar sensor

Regional analysis

The advanced driver assistance systems market can be grouped into the following regions:

  • North America
  • Asia-Pacific
  • The European Union
  • The Rest of the World

The North American region is expected to enjoy the largest market share for the time period that this report covers. This region has a world-class infrastructure. Also, some of the largest and most technologically advanced car manufacturers are located here. Road accidents have been on the rise in this region in recent years. Hence, the public and governments have been pushing for more research in the area of smarter and safer cars. Most people in this region are willing to pay a premium for these types of cars.

The Asia-Pacific region is projected to register the highest CAGR for the time period that this report covers. Almost all of the economies in this region are growing rapidly. Hence, there is a rapidly expanding middle class that’s quickly growing wealthier. Since purchasing power is growing rapidly and more people in this region want to drive safer motor vehicles, it makes sense that demand for these types of cars with this type of technology is growing at breakneck speed.

Industry news

General Motors and Delphi Automotive are just two of the many motor companies that are entering the advanced driver assistance systems market and developing new technologies.

Get complete Report @ https://www.marketresearchfuture.com/reports/driver-assistance-system-market-794

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com  

Website: https://www.marketresearchfuture.com

 

Comments

Post a Comment

Popular posts from this blog

Intelligent Sensor Market Size, Share, Competitive Analysis, Research Methodology, Rapid Growth and Fast Forward Research till 2027 | Impact of COVID-19

  Market synopsis According to MRFR, the Global Intelligent Sensor Market Size 2020, is poised to develop from USD 18 billion in 2017, to USD 47.20 billion by 2023, at a CAGR of 18.20% during the forecast period. Market Highlights The key factors driving the growth of smart sensor markets are the growing use of sensors in various vertical industries, such as consumer electronics , automotive, logistics, defense and healthcare. For intelligent devices, the sector such as telecommunications, data processing, and electronics is approaching because a large amount of energy is being saved. The automobile industry has seen tremendous successes, from the manual transmission to fully automated vehicles. The new trend is the driverless car, and with the aid of an intelligent sensor, key players like Google Inc, Volvo, Toyota and Mercedes create less car for the drivers. Of which the market is dominated by the LiDAR and vision base sensor. At the end of 2023 the driverless car is expected to be
Read more

Screenless Display Market Growth, Future Scope, Challenges, Opportunities, Trends, Outlook And Forecast To 2027 | Impact of COVID-19

  Market Highlights In this rapidly changing world of technology, screenless display market is projected to show major growth prospects during the forecast period. Major factor driving the screenless display market is the increasing adoption of interactive displays in order to enhance customer service experience. Changing consumer preferences is another major factor responsible for driving the growth of screenless display market. The global  Screenless Display Market Size  is expected to grow at approx. USD 1,654 Million by 2023, at 32% of CAGR between 2018 and 2023. The global screenless display market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the screenless display market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of screenless display market. This is owing to the presence
Read more

Organic Semiconductor Market Trends, Size, Segments, Emerging Technologies and Market Growth by Forecast to 2027 | Impact of COVID-19

  The global organic semiconductor market is growing rapidly. The market rise attributes to the increasing uses of organic semiconductors in organic photovoltaic (OPV), OLED lighting, printed batteries, organic RFID tags, and display applications. Besides, the rising production of electronic components, such as light-emitting diodes, solar cells, and transistors, increases the organic semiconductor market size. With the rising demand for organic semiconductors and nanomaterials, the market is projected to witness significant traction in the future. In this regard Market Research Future (MRFR) states that the global organic semiconductor market is poised to garner exponential valuation by 2027, registering an impressive CAGR during the assessment period (2020–2027).  Get Sample of Report @  https://www.marketresearchfuture.com/sample_request/8069 Miniaturized Organic Semiconductors are Trending Over the last couple of years,  Organic Semiconductor Market Forecast  has evolved dramatical
Read more