The global automotive advanced driver assist systems (ADAS) market will surpass 302 million units annually in 2022, according to new analysis from business information provider IHS Markit.
Fuel efficiency, weight reduction, advanced safety technologies, human machine interface (HMI), lighting and consumer comfort features will drive US$350 billion in incremental automotive supplier business opportunities, by 2021 — but not without initial challenges. The findings are based on recent research included in SupplierInsight and Component Forecast Analytics, a new platform from IHS Automotive, part of business information provider IHS Markit.
ACEA European passenger car registrations figures show the market grew 9.3 per cent year-on-year to 13.71 million units in 2015, helped by a 16.6 per cent year-on-year jump in December. Future growth is not expected to continue at this rate because the market situation is said to be “still evolving”, “risky” and “volatile”. As a result analysts predict 2.5 per cent year-on-year growth during the next month.
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