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Global Advanced Driver Assistance Systems Market Forecast to 2022
June 7, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Advanced Driver Assistance Systems (ADAS) Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The global ADAS market is growing due to increasing demand for safety and comfort features in the vehicles, government regulations and initiatives related to vehicle safety, and growth in the number of high net worth individuals. The advancement in technology has been laying opportunities for the global market, as the customers like to upgrade their vehicles into a more integrated version.
With the advancement in technology, the demand for safety and comfort features in the vehicles has been increasing. The improvement in technology of sensors has led to development of several electronics equipment. This is encouraging the vehicle manufacturers to equip their vehicles with advanced features. The applications of ADAS, such as Adaptive Cruise Control and Parking Aid Systems have been introduced to provide comfort to the drivers.
The advancement in technology has been increasing the numbers of connected cars. Such cars are safer as compared to the standard passenger cars, since several equipment promoting vehicle safety are integrated with the vehicle. However, the earlier regulations related to vehicle safety were moderate and not mandatory. In the recent past, the government regulations towards vehicle safety have become strict and the vehicles driven in most of the developed countries are required to be equipped with safety features, such as ADAS.
The European Commission (EC) has targeted to reduce the road traffic accidents by 50% in the years to come. The National Highway Traffic Safety Administration (NHTSA) in the U.S. has issued a mandate called Federal Motor Vehicle Safety Standards (FMVSS), according to which the vehicle manufacturers and equipment must conform and certify compliance related to vehicle safety. These initiatives and regulations are driving the growth of the global ADAS market.
Follow this link to Research and Markets for more information.
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