Driver Assistance System Market to Register Tremendous Growth to 2027, Informs MRFR in Its New Report Recently Uploaded at MarketPublishers.com25 Oct 2017 • by Natalie Aster
LONDON – In order to improve automobile, driver and passenger safety, governments worldwide introduce many regulations that mandate automobile manufacturers to deliver assistance features. During the past several years, the driver assistance system industry has passed through numerous changes and has swiftly evolved into a promising business.
The world’s driver assistance system market is predicted to exhibit high growth rates in the next decade owing to continued uptake in the automotive industry, improved status of the global economy and favourable governmental initiatives regarding safety of end-consumers. The key growth restraining factors include sophisticated maintenance and also complex and expensive features.
As of 2016, the global market for driver assistance systems stood at the value of appr. USD 11.66 billion; it is anticipated to increase at a tremendous 22.9% CAGR between 2017 and 2027 to amount to USD 112.69 by the end of the projected period.
Some of the prominent players in the driver assistance system space include Continental AG, Gentex Corporation, Denso Corporation, Aisin Seiki co., Hella Kgaa Hueck & Co., Delphi Automotive, Robert Bosch Gmbh, Qualcomm Technologies, amid others.
New research publication “Global Driver Assistance System Market Analysis & Forecast, From 2016 To 2027” elaborated by Market Research Future (MRFR) offers a detailed analysis of the market structure, landscape and dynamics. It sheds light on the prevailing trends and actual scenario across the key regions, discloses reliable updated industry performance estimates, identifies high growth areas and sectors, points out and discusses emerging growth challenges and opportunities, reviews the existing and upcoming technologies. The report presents a detailed assessment of the key market segments on the basis of types and technologies, touches upon the key competitive pressures in the driver assistance system market, profiles the leading companies engaged and gives valuable strategic recommendations.
A full collection of the publisher’s research reports is available in MRFR online catalogue at MarketPublishers.com.