Automotive Vision-based ADAS System Market

Automotive Vision-based ADAS
System Market - The Demand For
Premium And Safe Vehicles Had
Increased
Advanced driver-assistance system (ADAS), as the name suggests, assists the driver while
driving the vehicle. The ADAS is developed to reduce human efforts in certain situations and
to provide a safe and secure ride. The system interface needs to be designed in such a way
that it can match the driver needs to increase the safety of vehicles and safety of the road.
Automotive vision based ADAS is designed to help the driver by projecting images of the
surroundings of the vehicle such as images of the road, lane views, and parking space.
The automotive vision-based ADAS system market is expected to expand during the
forecast period, as the demand for premium and safe vehicles has increased. Camera and
sensors are utilized to provide information to the drivers in an automotive vision based
ADAS.
Vehicle safety, driver safety, and road safety are major drivers of the automotive visionbased ADAS system market. Another key driver of the automotive vision-based ADAS
system market is government norms and regulations, as governments of several countries
across the globe have enacted numerous road safety regulations. Rise in demand for
premium, efficient, safe, and convenient vehicles has also fueled the demand for automotive
vision-based ADAS. Lack of required infrastructure and cost of the devices are major
restraints of the automotive vision-based ADAS system market.
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The automotive vision-based ADAS system market has been segmented based on camera
type, camera application type, vehicle type, region, and sales channel. Based on camera
type, the automotive vision-based ADAS system market can be segregated into automotive
camera and camera module. The camera module are the sub-segments of the systems
comprises automotive camera, lens modules and image sensors. The types of image sensors
used are CMOS and CCD, in which CMOS is preferred due to its easy integration, low
manufacturing cost, faster frame rates, and low power consumption. Less power dissipation,
smaller size, and higher bandwidth in camera module. Based on camera application type,
the market can be classified into rear camera, front camera, dash camera, driver monitoring
camera, and surround view camera. In terms of vehicle type, the automotive vision-based
ADAS system market can be bifurcated into passenger vehicle, commercial vehicle, and
electric vehicle. Increased production of passenger vehicles around the world is expected to
drive the passenger vehicle segment of the market during the forecast period. Increased per
capita income, rapid urbanization, and expansion of the automotive industry in developing
countries are key factors that are driving the demand for passenger vehicles. Consequently,
convenience and security are major factors that are fueling the market. Increasing demand
for premium vehicles is expected to propel the automotive vision-based ADAS system
market. In terms of region, the global automotive vision-based ADAS system market can be
segmented into five geographic regions, namely Asia Pacific, Europe, North America, Latin
America, and Middle East & Africa. Europe and North America are expected to witness
higher demand for automotive vision based ADAS, as most global automotive
manufacturers have their presence in these regions.
Major players operating in the automotive vision-based ADAS system market include
Garmin Ltd., Koninklijke Philips N.V., JVCKENWOOD Corporation, Valeo SA, Delphi
Technologies, Transcend Information, Inc., Xiaomi, and PAPAGO Inc.

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