Dublin, Oct. 14, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/sw7bnz/driver_assistance)
has announced the addition of the
"Driver Assistance Systems Market: Global Trends and Forecast to
2018" report to their offering.
The global demand for automobiles is increasing at a significant
rate in recent years. Due to the global economic downturn, the
automobile industry witnessed a slight downfall from 2008, where
global sales of vehicles decreased to 68.1 million units from 71.2
million units (2007). The trend continued in 2009, where global
vehicle sales further decreased to 65.4 million units. However, the
scenario changed from 2010, when sales increased to 74.6 million
units and then further to 77.9 million units (2011). According to
the recent publication from Organisation Internationale des
Constructeurs d'Automobiles (OICA), global vehicle sales in 2012
reached 81.7 million units, of which passenger car sales were 60.5
million units. With the escalation in the vehicle fleet all over
the globe, there is an increase in the number of road accidents,
casualties, and deaths. This has turned the attention of
governments and automobile manufacturers towards increased vehicle
and road safety.
The major automobile manufacturers are introducing passenger cars
with driver
assistance systems to produce safe, high performing, and
eco-friendly models. The key manufacturers of driver assistance
system such as Continental (Germany), Robert Bosch (Germany), Denso
(Japan), Valeo (France), etc. are investing on their R&D and
production facility to meet the increasing demand of the driver
assistance systems in the automobile production market.
The global driver assistance system market is expected to reach
108.6 million units by 2018; Europe is estimated to lead the market
followed by North America and Asia-Pacific.
Key Findings of the Report:
The global driver assistance system market is projected to reach
$13.4 billion by the end of 2013 and is estimated to grow to $33.6
billion by 2018, growing at CAGR of 20.10% for the same period. The
growing demand for premium cars along with stringent safety
regulations will drive the market for driver assistance systems.
The global driver assistance system market in 2013 is projected to
be dominated by TPMS, park assist, and LDWS in terms of volume,
whereas, in terms of revenue it is anticipated ACC, TPMS, and
drowsiness monitor will lead the chart.
The major passenger cars manufacturers are now offering passenger
cars installed with driver assistance system(s) to provide better
driver and passenger safety, high performance, and increased
accessibility. As of 2012, the global market for driver assistance
systems was dominated by the key players such as Continental AG
(Germany), Robert Bosch GmbH (Germany), Denso Corporation (Japan),
Magna International (Canada), and Valeo (France). These five key
players together held about 70% of the total market in 2012.
Continental AG is the market leader with 19% share. It is followed
by Robert Bosch, Denso, Magna, and Valeo.
Companies Mentioned
- Aisin Seiki Co Ltd
- Autoliv Inc
- Continental Ag
- Delphi Automotive PLC
- Denso Corporation
- Elektrobit Corporation
- Ficosa International SA
- Freescale Semiconductor Inc
- Gentex Corporation
- Hella Kgaa Hueck & Co
- Hitachi Ltd
- Hyundai Mobis
- Infineon Technologies AG
- Magna International
- Mando Corp
- Mobileye NV
- Renesas Electronics Corporation
- Robert Bosch Gmbh
- Tass International
- Texas Instruments Inc
- Trw Automotive Holdings Corp
- Valeo
For more information visit http://www.researchandmarkets.com/research/sw7bnz/driver_assistance
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