Advanced Driver Assistance Market: Worldwide Industry Analysis and New Market Opportunities Explored
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. 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 ri...