Global driver assistance systems revenues are expected to grow from $22.7 Billion in 2012 to $460.8 Billion in 2020. Asia-Pacific will remain the leading ADAS market throughout the forecast period.
VP and practice director Dominique Bonte comments: "Both commercial and regulatory drivers are expected to boost the ADAS market in the coming years. On one hand OEMs such as Ford have started rolling out ADAS features on medium to low-end cars in order to bolster their safety image. On the other hand, ADAS will ultimately be mandated in many regions as illustrated by recent statements of the European Commission and Euro NCAP (New Car Assessment Program) about making autonomous-emergency braking (AEB) technology part of European crash evaluations from 2014, an important step towards making AEB mandatory."
ABI Research’s new "Advanced Driver Assistance Systems (ADAS)" market database provides detailed volume and value forecasts of all major driver assistance systems (Adaptive Cruise Control, Collision Warning/Mitigation, Blind Spot Detection, Lane Departure Warning, Driver Monitoring System, Night Vision, and Adaptive Headlights) through 2020 for North America, Europe, Asia-Pacific, and Rest of the World. These findings are part of ABI Research’s Intelligent Transportation Systems Research Service, which includes Research Reports, Market Data, Insights, and Competitive Assessments.