Global Highway Driving Assist Market By Vehicle Type (PV, CV), EV Type (BEV, HEV, PHEV, FCEV), Components (Camera, Radar, Ultrasonic Sensor, Software Module, Navigation), Autonomous Level (Level 2, Level 3 & Above), Function (Adaptive Cruise Control, Lane Keep Assist, Lane Centering Assist, Collision Avoidance Assist), Components Sales Channel (OEMs, Aftermarket), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Global highway driving assist market is expected to register a healthy CAGR of 23.71% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017.
Highway driving assist is a specialized application/technology of advanced driver assistance system focused on keeping the vehicle, driver and passengers intact along with promoting the safety on the highways. This technology involves keeping the vehicle at a consistent pace which helps them in keeping a systematic gap between the objects around it. It involves utilization of various sensors, cameras, radar and other hardware components prevalent in autonomous driving. It is essentially an extension of autonomous driving.
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Companies Profiled in this report includes, TOYOTA MOTOR CORPORATION; Continental AG; ZF Friedrichshafen AG; Robert Bosch GmbH; Delphi Technologies; Valeo; DENSO CORPORATION; WABCO; Magna International Inc.; Autoliv Inc.; Mobileye; HYUNDAI MOTOR GROUP; Visteon Corporation; Mando Corp.; Aptiv; Veoneer Inc.; NVIDIA Corporation; SAMSUNG ELECTRO-MECHANICS; AB Volvo; HELLA GmbH & Co. KGaA; Tesla among others.
Highway Driving Assist market report comprises of all the crucial market parameters and hence it can be used for your business. Furthermore, complete company profiles covered in this report also explains what recent developments, product launches, joint ventures, mergers and acquisitions are taking place by the numerous key players and brands in the market. The Highway Driving Assist report is provided with the transparent research studies which have taken place by a team work of experts in their own domain. This market report also endows with company profiles and contact information of the key market players in the manufacturer’s section.
Market Drivers:
- Rising concerns and focus regarding promoting safety on roads; this factor is expected to propel the growth of the market
- Utilization of this technology helps in attaining higher amount of fuel saving acts as a market driver
- Various innovations and advancements of technologies associated with ADAS and automated driving will also boost the growth of the market
- High levels of demand for advanced driver assistance technologies and solution is another factor uplifting the market growth
Market Restraints:
- Concerns regarding the data privacy and increasing prevalence of cyber-security threats; this factor is expected to hinder the growth of the market
Unavailability of infrastructure regarding the implementation and utilization of advanced communication technologies acts as a restricting factor for this market growth
Segmentation: Global Highway Driving Assist Market
By Vehicle Type: Passenger Vehicles(PV)( Type, Hatchback Cars, Sedans, Multi-Purpose Vehicles, Sports Utility Vehicles (SUVs), Class, Mid Segment, Luxury Segment), Commercial Vehicles (CV)
By Electric Vehicle (EV) Type: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)
By Components: Camera, Radar, Ultrasonic Sensor, Software Module, Navigation
By Autonomous Level: Level 2, Level 3 & Above
By Function: Adaptive Cruise Control, Lane Keep Assist, Lane Centering Assist, Collision Avoidance Assist
By Components Sales Channel: Original Equipment Manufacturers (OEMs), Aftermarket
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Key Developments in the Market:
- In August 2019, Continental AG announced that they had developed a new method for smooth transition of control of the vehicle from autonomous to manual and vice versa. This method involves utilization of cameras and sensors wherein the driver inside the vehicle along with the conditions outside the vehicle is monitored before the transition can take place. The data collected through sensors and cameras is analysed real-time before any transitionary steps are established
- In June 2019, ZF Friedrichshafen AG announced that they had developed “Dual-Cam” two lens camera having its application in commercial trucks in combination with the company’s advanced driver assistance technology. The camera is a part of “S-Cam4” automotive cameras will help meet the regulatory requirements while providing high functionalities such as “Traffic Sign Recognition”, “Lane Keeping Assist” as well as “Centering” and “Object” detection which can be used for implementing automatic emergency braking
Reasons to purchase this Highway Driving Assist premium report
- This Highway Driving Assist research report illuminates the market development of a few sorts of items sold by driving organizations.
- It delivers the market Dynamics in which the authors of the report have comprehensively discussed about the key drivers, restraints, challenges, trends and opportunities of the global market
- The investigators composing the report have profoundly surveyed the market capability of key applications and distinguished future opportunities they are relied upon to make in the worldwide market.
- Each provincial market is painstakingly investigated for understanding its present and future development situations.
- Top players of the worldwide market are altogether profiled in the report dependent on their piece of the overall industry, showcase served, items, applications, territorial development, and different variables.
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