Advanced driver assistance systems to grow to $460 billion market by 2020

  • 27-Oct-2011 05:25 EDT

The deployment of advanced driver assistance systems are beginning to cascade from the luxury to high-volume segments such as those represented by the Ford Focus and Mercedes-Benz B-Class. This is bringing with it declining costs, according to a new report from ABI Research, a phenomenon that "is expected to continue the next few years." The increased penetration of advanced driver assistance systems, as well as the introduction of new ones, will result in a $460 billion market for them by 2020, the consulting firm says, noting that camera image analysis continues to get more powerful, radar sensors continue to get cheaper, "with LIDAR and ultrasonics still in the mix." The report also notes that the rollout of these technologies to date has been driven mainly by automakers but increasingly will be driven by governments.

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