Emergency Driver Assistant Market Forecast to Reach $158.64 Million by 2025


Posted August 7, 2020 by Blessy_Joy

Technological Developments in Electronic Equipment Promotes the Automotive Vertical for the Production of More Advanced Safety Features for Vehicles Which Tends to Drive the Market Growth of Emergency Driver Assistant Market.

 
The Global market for Emergency driver assistant market is forecast to reach $158.64 million by 2025, growing at a CAGR of 14.91% from 2020 to 2025. The market growth is attributed to the factors such as growing demand of safety driving features, improved driving experience and others. Moreover, strict government rules and regulations regarding the vehicles for the safety of pedestrian as well as the driver in order to avoid road accidents and loss of life and property is propelling the market growth.

Key Takeaways
Growing awareness among consumers regarding the security and safety features of the vehicle to avoid road accidents or any miss-happenings is enhancing the market growth for essential driver assistant.

Technological developments in electronic equipment promotes the automotive vertical for the production of more advanced safety features for vehicles which tends to drive the market growth of emergency driver assistant market.

Lidar sensor is analysed to have the highest market share in the forecast period 2020-2025 owing to its significance in vehicle automation including 360 degree view of the surrounding thereby providing a safe driving experience.

APAC region is expected to dominate the global emergency driver assistant market during the forecast period 2020-2025 due to their high investments in Research and Development activities, potential for market growth and rising adoption rates of the driver assistance system in electrical vehicles.

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Application type- Segment Analysis
The tire pressure monitoring system (TPMS) holds the highest market share of emergency driver assistant in 2019. The market growth is attributed to the factor such as low cost that makes it more adoptable by the end consumers. Moreover, TPMS provides alerts regarding the tire pressure or the status of the tire while travelling. Additionally, adaptive cruise control is anticipated to witness the significant market growth during the forecast period 2020-2025. This growth is attributed to the technological advancements in the automotive vertical, growing purchasing power of the end consumers and others. Moreover, strict government rules and regulations for safety measures tend to boost the market growth.

Drivers – Emergency driver assistant market

Growing demand for safety features

Government rules and regulations

Market Landscape: Emergency driver assistant driver market is expected to be dominated by major companies such as Autoliv Inc., Continental AG, DENSO Corporation, Hyundai Mobis, Magna International Inc., Robert Bosch Stiftung Gmbh, Hitachi Ltd., Valeo, NXP Semiconductors, Panasonic Corporation and among others.

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Issued By Blessy
Business Address Madhapur
Country India
Categories Business , Electronics
Tags emergency driver assistant market , emergency driver assistant market growth , emergency driver assistant market share , emergency driver assistant market size
Last Updated August 7, 2020