The report forecasts the global commercial vehicle advanced driver assistance systems (ADAS) market to grow at a CAGR of 14.04% during the period 2016-2020.
One of the key trends for market growth will be the emergence of new businesses and opportunities for other vertical market adjacencies. As the ADAS penetration in commercial vehicle increases, the report believes that this will pave the way for adjacent market opportunities.
According to the report, regulation backing will be a key driver for market growth. Governments of many countries are enhancing their focus on safety regulations. As a result, automotive active safety systems are being integrated in automobiles.
Further, the report states that one of the challenges for the market will be the potential negative impact of existing regulations. Regulation (EU) N°165/2014 is the digital tachograph legislation that aids in enforcing the rules on monitoring driving times and rest periods of professional drivers. This regulation may have a negative impact on the penetration of connected truck technologies but will inherently drive the adoption of ADAS in trucks.
This is because connected truck technologies like truck platooning, which allows drivers in trailing trucks to rest during the entire journey or even negate the use of the driver in trailing trucks, may not align with the mentioned regulation. Therefore, the digital tachograph legislation may require further amendments to enable truck platooning.
- WABCO Vehicle Control Systems
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Market challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/rwpmnq/global_commercial
Related Topics: Commercial Vehicles, Telematics and Vehicle Electronics
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-commercial-vehicle-advance-driver-assistance-systems-market-to-grow-1404-by-2020---emergence-of-new-businesses--opportunities---research-and-markets-300315415.html
SOURCE Research and Markets