Albany, New York, November 7, 2016: A new report on the global automotive advanced driver assistance system industry has been recently added to the massive repository of Market Research Hub. The study, titled “Global Automotive Advanced Driver Assistance Systems (ADAS) Market: Industry Analysis & Outlook (2016-2020)” presents a comprehensive assessment of this industry by examining its key trends, previous performance, and future prospects. The report offers an in-depth analysis on the global ADAS Market in the key regions including North America, Europe, Asia- Pacific, Japan, Middle-East and Africa. It covers the regional and global aspect of the market.
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As per the research study, the global market for automotive advanced driver assistance systems is witnessing high growth because of growing concern about automotive safety among passengers has resulted in high demand, due to which government across several regions have mandated the use of ADAS in vehicles. In terms of growth rate, Asia Pacific segment is expected to register highest growth in global advanced driver assistance systems market.
Technological developments have now progressed a long way in automotive sector and it has become one of the main focus areas of premium and luxury car buyers, especially when it comes to safety. Advancements in safety features designed and created by automotive industry players, one of them is Advanced Driver Assistance Systems (ADAS). They are electronic devices, work for the driver in certain driving situations by focusing on safety aspects and improvement of driving comfort. New cars have a large number of advanced driver assistance systems that assists and help the driver in driving and parking situation. Advanced driver assistance systems are one of the fastest-growing sections in automotive electronics with progressively increasing rates of acceptance of industry-wide quality standards.
The research report provides analysis and market information according to categories such as market segments, technology, geographies, types and applications. On the basis of type, the global advanced driver assistance systems market includes: blind spot detection (BSD), tire pressure monitoring system (TPMS), lane departure warning system (LDWS), adaptive cruise control (ACC) & others. Market dynamics and competitive market landscape of the market has been discussed in detail which describe the future growth prospects of the given forecast of 2016-2020.
Further, the report profiles leading companies into the report, such as NXP Semiconductors, NVIDIA Corporation, ON Semiconductors and Xilinx Inc. The key strategies implemented by the companies and the challenges faced by them are also stated in the report.
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