Research and Markets has announced the addition of the “Driver Assistance Systems Market: Global Trends and Forecast to 2018” report to its offering.

The global demand for automobiles is increasing at a significant rate in recent years. Due to the global economic downturn, the automobile industry witnessed a slight downfall from 2008, where global sales of vehicles decreased to 68.1 million units from 71.2 million units (2007).

The trend continued in 2009, where global vehicle sales further decreased to 65.4 million units. However, the scenario changed from 2010, when sales increased to 74.6 million units and then further to 77.9 million units (2011).

According to the recent publication from Organisation Internationale des Constructeurs d’Automobiles (OICA), global vehicle sales in 2012 reached 81.7 million units, of which passenger car sales were 60.5 million units. With the escalation in the vehicle fleet all over the globe, there is an increase in the number of road accidents, casualties, and deaths. This has turned the attention of governments and automobile manufacturers towards increased vehicle and road safety.

The major automobile manufacturers are introducing passenger cars with driver assistance systems to produce safe, high performing, and eco-friendly models. The key manufacturers of driver assistance system such as Continental, Robert Bosch, Denso , Valeo, etc. are investing on their R&D and production facility to meet the increasing demand of the driver assistance systems in the automobile production market.

The global driver assistance system market is expected to reach 108.6 million units by 2018; Europe is estimated to lead the market followed by North America and Asia-Pacific.

Key Findings of the report include:

The global driver assistance system market is projected to reach $13.4 billion by the end of 2013 and is estimated to grow to $33.6 billion by 2018, growing at CAGR of 20.10 percent for the same period. The growing demand for premium cars along with stringent safety regulations will drive the market for driver assistance systems.

The global driver assistance system market in 2013 is projected to be dominated by TPMS, park assist, and LDWS in terms of volume, whereas, in terms of revenue it is anticipated ACC, TPMS, and drowsiness monitor will lead the chart.

The major passenger cars manufacturers are now offering passenger cars installed with driver assistance system(s) to provide better driver and passenger safety, high performance, and increased accessibility.

As of 2012, the global market for driver assistance systems was dominated by the key players such as Continental AG, Robert Bosch GmbH, Denso, Magna International, and Valeo. These five key players together held about 70% of the total market in 2012. Continental AG is the market leader with 19 percent share. It is followed by Robert Bosch, Denso, Magna, and Valeo.