A12179 | Pages: NA | Sep 2022 | 1266 Views | ||
Author(s) : Sonia Mutreja | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Highway Driving Assist Market
Request Now !Highway Driving Assist Market Outlook 2030 -
Highway driving assist is a semi-automated driving system which supports the driver during monotonous driving conditions on highways by allowing the car to automatically accelerate and decelerate. It is a part of advance driving assist system (ADAS) which is considered as the mainstay of self-driving and autonomous vehicles. The system automatically controls acceleration, braking, and steering thus provides driver assistance and avoids vehicle crash. Furthermore, highway driving assist targets to counter through traffic keeping the vehicle at an intact distance, reducing the anxiety and fatigue of the driver. Highway driving assist system is a combination of advance safety systems such as lane keeping assist, adaptive cruise control and lane change assist which makes driving much safer and reduces the chances of human error. Moreover, highway assist system not only makes it safer for driver but also concentrates on the safety of motorist as well as pedestrian. Road crashes usually occurs due to driving errors and can avoided by the usage of highway driving assist system which reduces the chances of accidents. The surge in demand for ADAS is expected to accelerate the growth of highway driving assist market.
Market Scope and Structure Analysis:
Report Metric | Details |
Market size available for years | 2020–2030 |
Base year considered | 2020 |
Forecast period | 2021–2030 |
Forecast units | Value (USD) |
Segments covered | Electric Vehicle Type, Car Type, Component, Autonomous Level, Function, and Region |
Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
Companies covered | Continental AG, Valeo SA, Robert Bosch GmbH, Magna International Inc., ZF Friedrichshafen AG, Citroen UK Limited, Mando Corporation, Toyota Motor Corporation, Veoneer Inc., and Visteon Corporation |
COVID-19 Impact Analysis:
Highway driving assist market has witnessed a downfall due to COVID-19 pandemic. The highway driving assist was an evolving sector with constant R&D which was disrupted due to lockdown. Due to the pandemic globally the manufacturing of automobile was halted thus disrupting the supply highway driving assists in vehicles. Also, unavailability of labour due to social distancing norms and other restriction which affected the production of hardware required for highway driving assist. Moreover, due to slowdown of global economy and fall in people’s disposable income is expected to affect the vehicle purchase. Highway driving assist is an evolving sector, but the pandemic had a negative impact on highway driving assist market size for the year 2020, a major deviation was noticed in the growth of the market due the pandemic.
Top Impacting Factors
Market Trends
High installation & maintenance cost
The cost of installing highway drive assist system in vehicle is very high and also it increases the cost of new vehicle, so it is only available in luxury vehicles. Also, the prospect of providing premium feature in vehicles incurs additional expenses to consumer in the form hardware, application, and others. Furthermore, the serviceability of the vehicles also becomes difficult, and it requires skilled labours due to several electronic components and sensors. Since, highway driving assist uses are large number electrical components involved in system it subsequently increases the maintenance cost. in the Moreover, complex electronic structure tends to reduce the shelf life of vehicles. Thus, these factors are expected to hamper growth of the market.
Key Segments Covered:
Segments | Sub-segments |
Electric Vehicle Type |
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Car Type |
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Components |
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Autonomous Level |
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Function |
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Region |
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Key Benefits of the Report:
Questions answered in the highway driving assist market research report:
Key Market Segments
Segments | Sub-segments |
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By Electric Vehicle Type |
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By Car Type |
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By Components |
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By Autonomous Level |
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By Function |
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By Region |
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Key Market Players
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