Advanced driver assistance systems are that systems which support, complement, or substitute the driver of a vehicle. Such systems support the drivers to avoid collisions and crashes. Moreover, it is a combination of systems that are used in vehicles to serve an intelligent and contented operating experience. They use cameras and radar to support the drivers by serving real-time knowledge about the environments. Furthermore, the ADAS is permitting the way towards autonomous vehicles. In the Asia-Pacific region the market of ADAs is projected to observe a substantial and speedy growth over the next decade because of the numerous improvements in its main economies, especially the market in China. The market of ADAS in Asia Pacific region is divided into three primary sector based on sensor, vehicle and components. Not only has this, on the basis of sensors, the market is split into radar, image and other sensors such as infrared, laser sensors and ultrasonic while, based on the vehicle it is divided into passenger and commercial vehicles. With the attractive applications and classifications, the market of advanced driver assistance systems will rise more actively during the reviewed period in the Asia Pacific region.
According to the report analysis, ‘Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market (2018-2023)’ states that some of the major key players which are presently functioning in this market with the support of new and innovated equipment for attaining the huge market share in Asia Pacific region includes Continental AG, Autoliv Inc., Delphi Technologies, Bosch, BMW AG, Aisin Seiko Co., Denso Corporation, Magna International, Ford Motor Company and several others. Moreover, combination of systems are the profound of next-generation automotive electronic protection systems and autonomous cars. A vehicle’s ADAS can perceive objects, alert the driver of dangerous circumstances or impending danger. The Asia-Pacific ADAS market is anticipated to reach USD 9.69 Billion by 2023 with a CAGR of 28.6% during the period of 2018-2023. Furthermore, on the basis of components, the market of ADAS is divided into blind spot detection (BSD), adaptive cruise control (ACC), autonomous emergency braking (AEB), tire pressure monitoring (TPM), lane departure warning (LDW) and several others such as forward collision warning, head-up display, driver monitoring systems and few more.
In China, not every ADAS technology will observe a significant growth in the near future. Some systems such as night vision, driver monitoring, multi-view systems, intelligent speed adaptation and night vision are predicted to display nonaggressive growth in the near future. Whereas, the implementation of ADAS applications such as ACC, BSD, LDW and night vision are prominent to decrease in the number of crashes. The increasing requirement for a safe dynamic environment has led to the ultimatum for comfort driving among people. Increasing per capita income and government protection guidelines are also underwriting to the growth of the safety systems in the automotive industry. Therefore, in the near future, it is expected that the market of advanced driver assistance system will rise more actively over the recent few years with the significant investment by the new investors for more developments in the technology.
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Ankur Gupta, Head Marketing & Communications