Global Driver Assistance Systems Market

In the recent years, developments in the automobile industry have not been restricted to advancements in engine or car design, but have been extended to the vehicle as well as passenger and pedestrian safety. These factors together have introduced the need for driver assistance systems or advanced driver assistance systems (ADAS) in modern automotive. ADAS are meant to assist, complement, and eventually substitute the driver in the complex process of controlling a vehicle. The increasing numbers of road accidents have pushed Original equipment manufacturers (OEMs) to develop sensor-based intelligent systems that take over the vehicle under critical conditions. 

The innovative features of ADAS not only take care of driver and passenger safety, but also deal with protection from other vehicles and enable pedestrian safety. The system includes adaptive cruise control (ACC), tire pressure monitoring system (TPMS), autonomous parking system, blind spot monitoring, lane departure warning, night vision, lane keeping assist, and collision warning system with automatic steering and braking intervention. These automatic systems are paving the way for fully autonomous cars in future. 

The global driver assistance system market is expected to grow at a CAGR of 18.3%, during the period from 2013 and 2018, and is anticipated to reach $32.7 billion by 2018. Technological overview in this report gives valuable insights about the new technologies being introduced to develop the advance driver assistance system. MircoMarketMonitor reports on this market include the company profiles of key market players. They provide qualitative data covering a comprehensive review of major market drivers, restraints and opportunities, winning imperatives, and key burning issues in the global driver assistance system market.