Global Commercial Vehicle ADAS Market 2018-2022
- Published: May 2018
- Pages: 80
- SKU: IRTNTR22356
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The commercial vehicle ADAS market size will grow by close to USD 1.58 billion during 2018-2022. This report offers an analysis of the market based on technology type (tire pressure monitoring system, park assist systems, forward collision warning, and others). The commercial vehicle ADAS market research report further presents in-depth insights into the growth prospects of the market across geographic regions such as the Americas, EMEA, and APAC. The report also analyzes the market’s competitive landscape and offers information on several commercial vehicle ADAS companies including Aptiv, Bosch, Continental, DENSO, Magna International, and WABCO.
Below are some of the key findings from the commercial vehicle ADAS industry analysis report
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Global commercial vehicle ADAS industry overview
The introduction of sensor technology is one of the critical reasons expected to boost the commercial vehicle ADAS market growth in the next five years. The automotive industry is increasingly adopting sensors due to the growing concerns regarding the safety and convenience of the drivers. This is encouraging vehicle manufacturers to differentiate their product offerings by providing sensor-based systems. Emission sensors, temperature sensors, pressure sensors, fluid level sensors, and wheel speed sensors are some of the types of automotive sensors. The application of sensors in vehicles is increasing due to the increasing technological advancements and a growing number of electronic components, systems, and sub-systems. ADAS sensors are used in almost all safety systems, which in turn, will positively influence the demand for commercial vehicle advanced driver assistance systems (ADAS). Research analysis on the global commercial vehicle ADAS market identifies that the introduction of sensor technology will be one of the significant factors that will have a positive impact on the growth of the market. The increased electrification of commercial vehicles will drive the commercial vehicle ADAS market to grow at a CAGR of more than 16% during the forecast period.
Top commercial vehicle ADAS manufacturers covered in this market research report
The commercial vehicle ADAS market is reasonably fragmented with the presence of several international and regional commercial vehicle ADAS companies who offer products based on technology such as tire pressure monitoring system (TPMS), park assist systems (PAS), and forward collision warning (FCW). Many established commercial vehicle ADAS manufacturers are vying for their share of the market, and the new players must differentiate themselves to gain vital traction over their peers. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this commercial vehicle ADAS industry analysis report will allow the clients to identify new growth opportunities and design innovative strategies for improving their share in the market.
The report offers a complete analysis of various commercial vehicle ADAS manufacturers including:
- Magna International
Commercial vehicle ADAS market segmentation based on geographic regions
- The Americas
With a complete study of the growth opportunities for the companies, the Americas will account for the largest commercial vehicle ADAS market growth market throughout the forecast period.
Commercial vehicle ADAS market segmentation based on technology type
- Tire pressure monitoring system (TPMS)
- Park assist systems (PAS)
- Forward collision warning (FCW)
The TPMS technology segment will account for the largest growth in the commercial vehicle ADAS market. The report provides an accurate prediction of the contribution of the various technology types to the growth of the commercial vehicle ADAS market size.
Key highlights of the global commercial vehicle ADAS market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the commercial vehicle ADAS market during the next five years
- Precise estimation of the global commercial vehicle ADAS market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the commercial vehicle ADAS industry across various geographies such as the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of commercial vehicle ADAS companies
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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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