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Technavio Shares Global Report on ADAS Market 2020-2024

The report shared by Technavio says, the automotive advanced driver assistance system (ADAS) market is poised to grow by USD 57.51 billion during 2020-2024, progressing at a CAGR of almost 21% during the forecast period.

ReportrSignificant automotive safety improvements in the past (e.g., shatter-resistant glass, three-point seatbelts, airbags) were passive safety measures designed to minimize injury during an accident. Today, ADAS systems actively improve safety with the help of embedded vision by reducing the occurrence of accidents and injury to occupants.

The implementation of cameras in the vehicle involves a new AI ​​function that uses sensor fusion to identify and process objects. Sensor fusion, similar to the human brain process information, combines large amounts of data with the help of image recognition software, ultrasound sensors, lidar, and radar. This technology can physically respond faster than a human driver ever could. It can analyze streaming video in real time, recognize what the video shows, and determine how to react to it.

According to the August 2016 Traffic Safety Facts Research Note by the National Highway Traffic Safety Administration (NHTSA), “The Nation lost 35,092 people in crashes on U.S. roadways during 2015.” This 7.2% increase was “the largest percentage increase in nearly 50 years.” An analysis revealed that about 94% of those accidents were caused by human error, and the rest by the environment and mechanical failures.

The opportunity to reduce car accidents is making automotive ADAS even more critical. Automatic emergency braking, pedestrian detection, surround view, parking assist, driver drowsiness detection, and gaze detection are among the many ADAS applications that assist drivers with safety-critical functionality to reduce car accidents and save lives.

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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