Advanced Driver Assistance Market: Increased Automobile Safety Regulations to Drive Market at 19.2% Cagr Till 2020

According to a new research report published by Transparency Market Research (TMR), the global advanced driver assistance system (ADAS) market is projected to reach US$50.48 billion in 2020. TMR states that the market, having a valuation of US$14.80 billion in 2013, will display an impressive 19.2% CAGR between 2014 and 2020.

Browse the full Advanced Driver Assistance Market Report at http://www.transparencymarketresearch.com/advanced-driver-assistance-market.html

The report, titled “Advanced Driver Assistance Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2020”, is available for sale on the company website.Worldwide, increasing disposable incomes are boosting demand for sophisticated automobiles, which will lead to significant growth of the automotive sector. In developed countries such as the U.S, the U.K., and Japan, increasing emphasis on safety pertaining to automobiles stands as a key factor driving the ADAS market.

In recent years, increasing importance of consumer safety and installation of ADAS in low-cost cars is also aiding the growth of this market. With the rising geriatric population worldwide and changing family structures, there is surging demand for comfort driving that employs the latest technology. ADAS technologies assist everyday driving tasks by reducing the demands on the driver and adding comfort, which helps enhance luxury and comfort, complementing safety with these benefits.However, production complexities and cost pressures associated with environmental factors that affect the system’s performance hinder the growth of the global ADAS market, states the report.

Adaptive cruise control registered as the largest segment of the market, accounting for 18.15% of the overall market in 2013. However, the tire pressure monitoring system segment is anticipated to witness the fastest growth, at a CAGR of 21.1% from 2014 to 2020. Additionally, drastic and rapid...