Global Advanced Driver Assistance Systems (ADAS) Market by P&S Market Research
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<strong>Global</strong> <strong>Advanced</strong> <strong>Driver</strong> <strong>Assistance</strong> <strong>Systems</strong> (<strong>ADAS</strong>) <strong>Market</strong> Expected to Grow at<br />
27% CAGR During 2016 – 2022<br />
The global advanced driver assistance systems (<strong>ADAS</strong>) market is expected to grow from an estimated $19,813.0<br />
million in 2015 to $99,643.7 million in 2022. Europe dominated the global market with an estimated $7,726.8<br />
million market size in 2015.<br />
The global <strong>ADAS</strong> market is being driven due to several factors, including government initiatives to include<br />
advanced technology in public safety on roads, increasing demand for premium passenger cars and growing<br />
demand for connectivity in vehicles. The increasing partnerships and collaborations have been observed during<br />
the recent past in the global <strong>ADAS</strong> market. The key players are also engaged in launching new products with up<br />
graded technology and features. Europe dominated the global market; however Asia-Pacific is estimated to<br />
surpass it during the forecast period.<br />
Explore Report with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/driver-assistancesystems-market<br />
Technical collaborations are very important for the growth of a company in the <strong>ADAS</strong> market. The leading<br />
manufacturers in the industry are collaborating within or outside the industry to upgrade their product portfolio.<br />
Valeo entered into two agreements in 2015 with Safran and Mobileye N.V. The partnership with Safran aims at<br />
enhancement in driving aids in autonomous vehicles. On the other hand, under the partnership with Mobileye,<br />
Valeo will design front-facing camera solutions and products based on sensor fusion with the use of Mobileye’s<br />
EyeO microprocessors and computer vision algorithms. During the same year, Robert Bosch collaborated with<br />
Axel Springer Media Entrepreneurs to develop products with connected mobility solutions including digital<br />
content.<br />
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In 2015, Ford entered into collaboration with RWTH Aachen University, Germany. The aim for collaboration is to<br />
conduct research in the field of <strong>ADAS</strong> to meet changing customer preferences in driving assistance systems. In<br />
2014, Autoliv entered into an agreement with Neonode Inc. for the development and licensing of active sensor<br />
steering wheel application to develop a new human machine interface-sensing product for vehicle steering. Under<br />
the agreement terms, Neonode will license its zForce drive technology to Autoliv.<br />
The information and data in the publication “<strong>Global</strong> <strong>Advanced</strong> <strong>Driver</strong> <strong>Assistance</strong> <strong>Systems</strong> (<strong>ADAS</strong>) <strong>Market</strong> Size,<br />
Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from<br />
various primary and secondary sources. A bottom-up approach has been used to calculate the market size in<br />
terms of value. P&S <strong>Market</strong> <strong>Research</strong> analysts and consultants interacted with leading companies of the<br />
concerned domain to substantiate every value of data presented in the report. The company bases its primary<br />
research on discussions with prominent professionals and analysts in the industry, which is followed <strong>by</strong> informed<br />
and detailed, online and offline research.<br />
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