ADAS PREDICTED TO GROW
Advanced driver assistance systems available on the vast majority of new vehicles.
ADAS /a-das/ noun – Advanced driver assistance systems. Automotive technologies that use cameras, sensors, and other external data to warn drivers about potential road hazards and improve vehicle safety. Examples: blind-spot detection systems, lane-keeping assist, adaptive cruise control, automatic emergency braking.
Increased spending/deal making
Recent high-profile developments in the ADAS market include:
- Luminar Technologies Inc. plans to go public in $2.9 billion reverse merger to expand development of its light detection and ranging (LiDAR) technology
- Hyundai Motor Group forms joint venture with Aptiv to develop ADAS and autonomous technology for robo taxi fleet operators, automotive manufacturers
- Velodyne Lidar buys mapping and localization software from Mapper, tying mapping capabilities to imaging technology; deal funded in part by Hyundai Mobis $50 million investment in Velodyne to expand ADAS
- Visteon Corp. opens a technology center in Germany, expands vehicle cockpit electronics, information display, driver assistance, cockpit domain controller, and autonomous driving technologies
16% compound annual growth rate (CAGR) 2020 to 2025 projection
80% of all new vehicles globally available with at least one ADAS technology; take rates higher in North America and Europe
For the full report: https://www.researchandmarkets.com/reports/5025561/north-america-adas-market-growth-trends-and