Press release
Driver Assistance System Market Pegged to Expand Robustly During 2019-2027
Driver Assistance System Market
The global market for driver assistance system market is expected to grow over the CAGR of 22.90% during the period 2016 to 2027 from USD 11.66 billion in 2016.
The major participants of this market are Delphi Automotive Plc., Gentex Corporation, Autoliv Inc., Continental AG, Hitachi Ltd, Magna International, Robert Bosch Gmbh, Hella Kgaa Hueck & Co., Texas Instruments Inc., and Renesas Electronics Corporation among others.
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Market Highlights
The Global Driver Assistance System market has been evaluated as growing market and expected that the market will touch high growth figures. In last decade business analytics developers have found various types of automotive services for assisting driver while driving. This has shifted the momentum of the driver assistance system market there by boosting the revenues with the growth rate of over 22.90% from 2016 to 2027.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 107 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "The Global Driver Assistance System Market Research Report - Forecast to 2027".
Driver Assistance System Market:
Driver assistance system helps in minimizing road accidents or casualties as well as can take care of pedestrian safety. It also provides assistance in parking management, navigation or drowsiness monitoring among others.
The technologies such as ultrasonic, radar, image and IR sensors have been included in the vehicle to provide various services such as Adaptive Cruise Control (ACC), Lane Departure Warning (LDW) system, Park Assist Drowsiness Monitoring System, Blind Spot Detection (BSD) System, Night Vision, Tire Pressure Monitoring System (TPMS), and Adaptive Front among others.
Market Research Analysis:
Increasing government regulations such as mandating usage of driver assistance systems in the vehicle and emerging high end vehicles market in developing countries has an important quotient in the growth of driver assistance system market. In the coming years, it is expected that the driver assistance system market will advance with higher growth rate as compared to previous years. The current challenges for the market are training the professionals on the software due to its complex and expensive features. Therefore, steadily changing process of manual workflow to digital workflow, will result in long-term benefit when the advance features of driver assistance system services are implemented and would be used on regular basis by various industries.
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