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(Transportation-News.com, February 02, 2016 ) The increasing government regulation for advanced safety features in automobiles has boosted the demand of driver assistance system market in recent years. Moreover, the rapid technological development in the sensor technology, GPS, and camera has also increased the penetration of driver assistance system in low cost vehicles.
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The connected vehicles, based on vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) communication provides growth opportunity for the driver assistance systems market in the passenger vehicles industry. In the intelligent transportation systems, warning messages can be sent to other vehicles with the help of sensors for precise intersections. Driver assistance system can be used with connected vehicle technologies, which gives accurate and real time road condition through sensor based communication channel. The United States Department of Transportation (USDOT) launched “Transportation Datapalooza“ in June 2015, to evaluate the efficiency of “big data” generated by connected vehicle for the development of safe and efficient multi-modal transportation system.
The global driver assistance system market is also expected to witness growth from the increasing demand of passenger car. The automotive industry in North America continues to be one of the most significant industries. In 2014, the automotive sector of the U.S. became $500 billion market, along with FDI which accounted for nearly $74 billion (about 3 percent of total FDI in the U.S.). The automotive industry manufacturers in the U.S. have collectively invested about $46 billion for the expansion and technological development, since 2010.
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The increasing need for improved fuel efficiency and road safety is expected to drive the improvements in vehicle powertrain, and advanced safety features in the automobiles. The growth of electric vehicles in the North American market is one of the promising aspects for the growth of the driver assistance system market in the U.S. During the recent years, many electric vehicle manufacturers, such as Chevrolet, Nissan, Ford, and Tesla have launched their electric passenger cars in the U.S. market.
The Asia-Pacific driver assistance system market is expected to witness significant growth, during the forecast period. Asia-Pacific automotive manufacturers in particular have well-established electric passenger car market.
Some of the competitors in the global driver assistance systems market are Robert Bosch Gmbh, Texas Instruments Inc., Delphi Automotive PLC, Freescale Semiconductor Inc., Mando Corp., Elektrobit Corporation, and Hitachi Ltd.
Global Driver Assistance System Market Segmentation
By Type
BSD and Night Vision
Adaptive Cruise Control
Park Assist
Blind Spot Detection
Night Vision
Tire Pressure Monitoring System
Adaptive Front Lighting
Others
• By Geography
North America
o U.S.
o Canada
Europe
o Germany
o Italy
o U.K.
o France
o Spain
Asia-Pacific
o China
o Japan
o India
o South Korea
Rest of the world
o Brazil
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