DUBLIN--(BUSINESS WIRE)--The "Automotive ADAS Market in China 2017-2021" report has been added to Research and Markets' offering.
The automotive ADAS market in China is expected to grow at a CAGR of 34.63% during the period 2017-2021.
The report, Automotive ADAS Market in China 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the advanced camera technology to grow faster than other sensors. Modern vehicles are considered as computers on wheels as they are packed with sensors, chips, codes, and cameras, all of which control the automobile. OEMs still use traditional rear-view mirrors, which reduce the aerodynamic performance of the vehicle. NHTSA was requested by the American Automobile Association (AAA) to change the 1968 rule that mandated the use of side and rear-view mirrors in passenger cars and replace them with side-view and rear-view cameras. Rear view mirrors help users track vehicles, but cameras give a more detailed and wider field of vision.
According to the report, one of the major drivers for this market is the Made in China 2025 plan. In 2015, the Made in China 2025 plan was compiled by MIIT. A total of 150 experts from the China Academy of Engineering worked with three other ministries for two and half years to create the plan. The main aim of the plan was to improve the manufacturing capability of China and transform it into a leading manufacturer by 2049. The plan focuses on changing the current perspective of more quantity over quality with sustainability in mind. The only way to achieve the desired result of repositioning its manufacturing sector within global value chains is to focus more on innovation. The plans list out an explicit goal of raising the domestic content of core components and materials to 40% by 2020 and 70% by 2025.
Key vendors
- Bosch
- Continental
- Delphi Automotive
- DENSO
- Mobileye
- Valeo
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Five Forces Analysis
Part 07: Market Segmentation By Application
Part 08: Market Segmentation By Technology
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/c36fbc/automotive_adas
