Driver assistance system helps to make travel easier and comfortable, while also increasing car and road safety. On the other hand, driver assistance can also refer to secondary driving tasks such as obstacle detection, route planning, and location finding. Driver assistance system offers both simple as well as complex systems from anti-lock braking to fully autonomous hardware and software. Automobile industry evolving from a mechanical business to more software oriented, driver-assist systems help to eliminate both the physical and psychological after-effects of a collision by eliminating the possibility of ever getting into a collision. Opportunities like hybrid and electric vehicle market are expected to anticipate the growth of driver’s assistance market in upcoming years.
Global driver assistance system market is segmented into type, vehicle type, and technology.
On the basis of type, driver assistance system market is segmented into adaptive cruise control, blind spot detection, lane departure warning system, night vision, adaptive front lighting, intelligent parking assist system, and others. Night vision driver assistance system is likely to grow at fastest rate, due to enhance the safety of drivers during night time.
On the basis vehicle type, market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Heavy commercial vehicles are projected to grow at highest CAGR due to stringent government regulations for the safety of heavy commercial vehicles.
On the basis of technology, driver assistance system market is bifurcated into ultrasonic sensor, image sensor, lidar sensor, and radar sensor. Radar Sensor is projected to grow at fastest growth rate, owing to their crucial function in self-driving cars.
North America is projected to dominate in the driver assistance system market over the forecast period–2026. The growing demand for luxury cars, increase in fleet operations across the region and the need to comply with the government standards of driving systems have created a huge demand for driver assistance system market in the North American region.
The Driver assistance system market in Europe region is booming as it is one of the strong automobile industries in the world, due to strong automobile sector in the countries like Italy and Germany.
Asia Pacific is very prominent region for driver assistance system market, due to increasing penetration of active safety systems, especially, in regions like China, Japan, and India.
LAMEA is expected to evolve further over the forecast period–2026, due to increased penetration of vehicle ownership in this region.
Some of the key players of driver assistance market are Hyundai Mobis, Texas Instruments, Nxp Semiconductor, Infineon Technologies Ag, Aptiv (Delphi Automotive Plc), Valeo S.A, Renesas Electronics Corporation, Autoliv Inc., Wabco Holdings Inc., Denso Corporation, Robert Bosch Gmbh, and Hella Kgaa Hueck & Co.
Disruptive pricing and technological innovation are key factors to strive the fierce competition in the market. Thus, various driver assistance system market players are introducing highly innovative products primarily focused on increasing the overall user safety and enhancing the driver’s experience.
February 2017: Mobileye and BMW group announced partnership with Delphi to roll out its technology for autonomous driving.
Driver Assistance System Market
• Adaptive Cruise Control
• Blind Spot Detection
• Lane Departure Warning System
• Night Vision
• Adaptive Front Lighting
• Intelligent Parking Assist System
• Ultrasonic Sensor
• Image Sensor
• Lidar Sensor
• Radar Sensor
By Vehicle Type
• Passenger cars
• Light commercial Vehicles
• Heavy Commercial Vehicles
• North America