Trade Resources Industry Views ADAS in China Is Forecast to Grow to a Value of $3.1bn in 2019, up From $971m in 2013

ADAS in China Is Forecast to Grow to a Value of $3.1bn in 2019, up From $971m in 2013

The market for automotive advanced driver assistance systems (ADAS) in China is forecast to grow to a value of $3.1bn in 2019, up from $971m in 2013, according to a recently published report by IMS Research.

Adoption of ADAS products are currently very low in China, typically installed only in luxury and some high-end light vehicles due to their high cost.

According to IMS, most ADAS mechanisms are predicted to see a big increase in China due to the growing awareness of driver safety from both consumers and vehicle manufacturers.

Source: http://www.electronicsweekly.com/Articles/2013/04/25/56005/china-gets-serious-about-driver-systems.htm
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China Gets Serious About Driver Systems