Automotive Advance Driver Market By Technology, Application, Region – Forecast to 2024

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Based on component, the industry can be categorized into camera, sensors, radar, semiconductor, wire, and display. Sensors are expected to exhibit highest revenue share over the forecast timeframe owing to its increasing usage in ADAS. Features such as capability to capture image and gesture recognition will escalate the revenue generation. By vehicle, the industry can be segmented into PCV, LCV, and HCV. Passenger cars are likely to dominate the industry till 2024. In 2016, more than 72,000 passenger vehicles were sold across the globe. 80 % of the passenger vehicles are anticipated to be equipped with advance driver assistance system by 2020. APAC is estimated to grow significantly till 2024 owing to continuous rise in the passenger vehicle sales. In 2016, the region witnessed record making passenger vehicle sales. Countries including China and India are expected to showcase tremendous increase in the demand for these vehicles due to surging disposable income of middle class people, propelling the regional growth. Major manufacturing companies include Aisin Seiki Co, Wabco Holding, Freescale Semiconductor, Delphi automotive, Gentex Corporation, Infineon Technologies, Takata Corporation, and Robert Bosch Gmbh. Other notable players include Valeo SA, Mobileye NV, Nvidia corporation, Magna, Renesas Electronics corporation, Denso Corporation, Hyundai Mobis, Auto liv, Panasonic Corporation, and Texas Instruments & Continental. About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. 2 | P a g e
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Automotive Advance Driver Market By Technology, Application, Region – Forecast to 2024

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