Global Automotive Driving Support System Components Market is expected to grow at a CAGR of 9.5% from 2022 to 2030.
Driving Assistance System for Automobiles Devices, methods, and software that assist drivers in remaining safe while operating a motor vehicle are referred to as components. These components can be utilised to improve driver safety by alerting them to possible risks ahead, averting crashes, or assisting them in avoiding traffic congestion.
Automotive Driving Support System Components market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlights on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.
Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Automotive Driving Support System Components market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analysed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.
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Strict government regulations and rising consumer demand for passenger safety will drive market growth.
Increased traffic accidents cause traffic congestion and unintentional fatalities. Many surveys and analyses conducted by traffic agencies in numerous nations revealed that driver irresponsibility and mistakes caused the majority of accidents. According to a United Nations study, around 1.3 million people die in traffic accidents globally each year. Furthermore, governments are pouring money into adopting sophisticated safety technology and promoting the usage of driverless vehicles. Furthermore, automakers must follow rules and acquire safety ratings from organisations such as the New Car Assessment Programme (NCAP), the Insurance Institute of Highway Safety (IIHS), and the International Centre for Automotive Technology (ICAT).
The COVID-19 IMPACT reduced overall automobile sales during the COVID-19 pandemic, resulting in a short-term decline in market growth.
The COVID-19 issue caused supply chain problems and the cessation of car manufacturing, effectively halting the automobile sector. The production industry and labour were harmed by government lockout measures. While many computer businesses were able to maintain operations through remote work, car manufacturing and associated industries were unable to do so. The following have had a significant influence on ADAS and autonomous vehicle technologies:
The financial volatility during COVID-19 had a substantial impact on Rob taxi’s research and development. Due to the economic impact on important firms developing on this technology, rob taxi deployments are projected to be delayed by a few years.
When the economy improves, ADAS and low-level autonomous driving will recover. A rebound in ADAS is expected after 2021; nonetheless, this industry has seen a decreasing trend due to a decrease in vehicle demand.
Market Segmentation:
By Types
Stop Sign Recognition Enhancement System Components
Rear-End Collision Prevention System Components
Crossing Collision Prevention System Components
Signal Recognition Enhancement System Components
By Applications
Passenger Cars
Commercial Vehicles
By Regions
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Key Player:
Bosch (Germany)
Valeo (France)
Alps Electric (Japan)
DENSO TEN (Japan)
Fujitsu (Japan)
IHI (Japan)
Konica Minolta (Japan)
OMRON Automotive Electronics (Japan)
Omron (Japan)
ZMP (Japan)
Regional Analysis:
Due to the region’s strong vehicle sales and production, as well as a considerable increase in the adoption of electric cars in China and Japan, Asia Pacific is expected to have the greatest market share. Automotive OEMs intend to increase production volume and accelerate technology developments in manufacturing facilities in rising markets such as China, India, and others. Furthermore, politicians are eager to require ADAS technology in new automobiles. For example, during the SIAM annual conference, Indian Union Minister Nitin Gadkari recently revealed that India intends to implement adaptive cruise control in all automobiles beginning in 2022.
The European market, on the other hand, is anticipated to have the second-largest share, owing to rigorous government controls put on the industry. Reduce fuel emissions. The European Union is also taking steps to promote automobile safety measures. For example, starting in 2022, the new vehicle safety legislation requires 15 ADAS elements in all automobiles developed and sold. This aspect will eventually drive sales and volume of ADAS-equipped automobiles in this market.
North America is also expected to have significant market expansion throughout the forecast period. The presence of major automobile manufacturing businesses, as well as the fast adoption of sophisticated driver aid systems in vehicles, are driving market expansion in this area. Legislators in the United States are making particular efforts to incorporate ADAS into safety standards by implementing ADAS features such as tyre pressure monitoring systems (TPMS) and lane departure warning systems in new vehicles that will be released.
African and Middle Eastern countries make up the rest of the globe. As autonomous driving and linked automotive technology become more prevalent in the Middle East, ADAS will see substantial development. Because of the high level of development, it outpaces that of African countries.
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
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Key Points:
- Define, describe and forecast Driving Assistance System market by type, application, end user and region.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide enterprise external environment analysis and PEST analysis.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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