Automotive Advanced Driver Assistance Systems (ADAS) Market reaches $18.2BN in 2014, according market study

AMSTERDAM - May 16, 2014 - PRLog -- In many ways, advanced driver assistance systems (ADAS) are the first step on the road to semi-autonomous or fully-autonomous self-driving and driverless vehicles. A new market study available on ASDReports indicates that the global automotive ADAS market will reach $18.2bn in 2014, up from $16.5bn in 2013. The study assesses that the market for automotive ADAS will record double-digit growth throughout the period 2014-2024 as ADAS becomes an increasingly strong product differentiator and assists in the development and acceptance of autonomous self-driving cars

The author of the 188 page report Automotive Advanced Driver Assistance Systems (ADAS) Market 2014-2024: Precursor to the Autonomous Self-Driving Car commented that:
‘’In 2014, Park Assistance, Rear-View Cameras, and Adaptive Front Lights applications dominate the ADAS market however, the penetration into passenger cars is relatively low despite the increasing rate of installations into the premium car manufacturers.
The automotive ADAS market will be driven by the reduction of ADAS end-user application’ prices, the positive impact of government regulation for safety and the convergence of consumer demand towards semi-autonomous and fully autonomous vehicles. These factors will enable a shift in the ADAS supply towards volume auto OEMs particularly in Europe and Japan. Additionally, they will create a favourable environment for the adoption of semi-autonomous or fully-autonomous vehicles close to the end of the forecast period.’’

The report contains

207 tables, charts and graphs analysing the automotive ADAS market.
A comprehensive overview of the key end-user applications and sensors in the automotive ADAS market
Analysis of the penetration of the Automotive ADAS applications in the automotive industry in 2014 and forecasts for the period 2014-2024?
Analysis of the regulatory, consumer and OEM-based drivers of the automotive ADAS market and the opportunities they create
Global automotive ADAS market forecast for the period 2014-2024
Global revenue forecasts of 14 automotive ADAS submarkets covering the period 2014 to 2024
Automotive ADAS sensors forecast from 2014 to 2024
Global car shipments with ADAS forecast and analysis from 2014-2024
Analysis of the ADAS technologies to become mandatory in North America
The global automotive ADAS market is segmented into 14 submarkets:
Additionally, the automotive ADAS sensors are segmented into 5 submarkets:
SWOT analysis of the automotive ADAS market
Forecast and analysis of 20 leading national automotive ADAS markets between  2014 and 2024
An exclusive interview with a principal player in the automotive ADAS market, Tech Mahindra providing expert insight complementing the analysis.

The Automotive Advanced Driver Assistance Systems (ADAS) Market 2014-2024: Precursor to the Autonomous Self-Driving Car report will be of value to current and future potential investors into the automotive industry, as well as companies and research centres who wish to broaden their knowledge of the automotive ADAS market.

Notes for Editors:

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