Global Automotive Camera-based ADAS Market 2018-2022
- Published: Mar 2018
- Pages: 140
- SKU: IRTNTR20434
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This market research report presents a comprehensive analysis of the global automotive camera-based ADAS market based on ADAS technologies such as LDWS, NVS, PAS, and others. The report also provides an analysis of the market’s growth prospects in regions such as the Americas, APAC, and EMEA.
Overview of the automotive camera-based ADAS market
The automotive industry has been actively working on improving road safety by preventing accidents and injuries. Passenger safety has been a topic of primary concern for automotive manufacturers. Several technical measures especially active safety system works effectively in preventing accidents by warning the driver to take precaution before its occurrence. Technavio’s market research analysis identifies the increased focus on automotive safety as one of the primary driving factors for the growth of this market during the next few years. Common causes of distraction while driving includes messaging, speaking over the phone, and surfing. In addition, rapid changes in lifestyle, working late, and driving for long hours are other factors contributing to driver fatigue, drowsy driving, stress, and sleep disorders, eventually leading to higher chances of accidents. As a result, the demand for automotive camera-based ADAS is expected to increase considerably over the forecast period. According to Technavio’s market research report, the market is predicted to register a CAGR of close to 19% by 2022.
The growing development of V2X technology is gaining traction in the market owing to the increased connectivity in modern vehicles. The technology allows vehicles to communicate with surroundings to gain data for precise driving. The integration of V2X technology with vehicle's ADAS system will make modern cars more safe and convenient to drive in the remote areas. Hence, the growing interest of various stakeholders in this integration is a crucial trend for the global automotive camera-based ADAS market.
The automotive camera-based ADAS market is characterized by a presence of both international and regional players. With the increasing development of V2X technology offering considerable growth opportunities, the players of ADAS sensors market are increasingly focused on expanding their product portfolio across the globe by offering stereo cameras and other technology enabled solutions. To help clients improve their revenue shares in this competitive market, Technavio’s market research report on the global automotive camera-based ADAS market offers information about the key initiatives and strategies followed by the market players and provides an in-depth analysis of the market’s competitive landscape.
This research report provides an analysis of various companies in the automotive camera-based ADAS market including
- Magna International
- ZF Friedrichshafen
Segmentation by geography and analysis of the automotive camera-based ADAS market
The Americas accounted for the largest share of the automotive camera-based ADAS market in 2017. According to Technavio’s market research analysts, this regional segment is likely to continue its dominance in the ADAS Sensors market throughout the forecast period.
Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global automotive camera-based ADAS market?
- What are the key market trends impacting the growth of the global automotive camera-based ADAS market?
- What are the challenges to market growth?
- Who are the key vendors in the global automotive camera-based ADAS market?
- What are the market opportunities and threats faced by the vendors in the global automotive camera-based ADAS market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global automotive camera-based ADAS market?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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