Advanced Driver Assistance Systems Market 2018 Global Industry Forecast To 2023, is latest research report provides Global Advanced Driver Assistance Systems Market by Technology (Adaptive Cruise Control, Adaptive Front Lights, Intelligent Park Assist, Pedestrian Protection, Blind Spot Detection, Drowsiness Monitor, Head Up Display, Others), by Vehicle Type (Passenger Vehicle and Commercial Vehicle), by Radar Type (Radar Sensor, Lidar Sensor, Camera Sensor, Ultrasonic Sensor) and by Regions (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Forecast To 2023.

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Market Highlights:

As per MRFR analysis, the global Advanced Driver Assistance market was valued at USD 9.153 million in 2016 which is expected to reach USD 21.921 million by 2023 with a CAGR of 12.24%.

The market for advanced driver assistance systems is expected to grow in the North American region with an increase in demand for automobiles, majorly in the United States. Existence of major manufacturers in this region combined with availability of sophisticated technologies enables the advanced driver assistance systems market to flourish. In the European region, the commercial vehicles are expected to grow with a CAGR of 10.58%, owing to the growth in the home delivery sector. For the safe distribution of goods and efficient city transportation, original equipment manufacturers in the European region are focusing on the advanced safety features for these vehicles, which will be a major driver for market growth in the region.

The U.K, Germany, and France account for a majority of the market share of advanced driver assistance systems in this region.  The growth of the Asia-Pacific region can be attributed to the increase in adoption of passenger cars and therefore, the increase in adoption of ADAS in the passenger cars. The recent shift in the preference from mileage to vehicle looks and features is also expected to result in the high demand for advanced driver assistance systems. The global advanced driver assistance systems market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector.

The key players of global Advanced Driver Assistance Systems market are Robert Bosch Automotive Steering GmbH, Delphi Automotive LLP, DENSO CORPORATION, Panasonic Corporation, Valeo, Continental AG, Magna International Inc, HELLA KGaA Hueck & Co., Hitachi Ltd,. ZF Friedrichshafen AG . In 2016, these companies accounted for a share of XX% of the global market.

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