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Driver Assistance Systems Market to Reach 108.6 Million Units by 2018 - New Report by MarketsandMarkets
Date:6/21/2013

ncerns are also playing an important role in the demand for driver assistance systems in passenger cars.

  • Asia-Pacific region to witness Highest Growth for Driver Assistance Systems

Asia-Pacific is the largest passenger cars manufacturing region in the world, estimated to produce more than 37 million passenger cars in 2013, and growing with a CAGR of 8.56% for the next five years. In terms of driver assistance systems, the region also becomes an important market considering near future growth trends in vehicle demand, improving lifestyle, and changing buyer’s preferences. Driver assistance systems will be in demand because of their importance in the congested traffic of highly populated Asia-Pacific countries. A number of Asian passenger car producers such as, Toyota, Nissan, Honda, Hyundai/Kia, etc., are offering driver assistance systems in their cars. In next few years, many countries such as China, South Korea, Japan, etc. will be in the process of making few driver assistance systems mandatory in passenger cars, hence the market is anticipated to grow with a promising growth rate in next five years.

  • North America - Growing with a steady pace

North America is the fourth largest manufacturer of passenger cars in the world with 6.6 million units of passenger cars produced in North America. The driver assistance market in North America is rising with a steady pace, and due to the mandatory application of TPMS in the passenger cars in U.S. it is the largest driver assistance system to be sold in North America. In next few years, there will few more additions in this, as studies are going on the implementation of few other systems such as ACC and LDWS. The passenger car manufacturers such as Ford, General Motors, Chrysler, Toyota, Honda, etc. are also offering other driver assistance system as an option in their various models of the passenger cars. The future
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