However unsurprisingly, the recent scenario of automotive and automotive components market in Africa and recent development in the advanced driver assistance systems represent an effective growth in the present trend. Whereas, advanced driver assistance systems are an effective systems which developed to automate, improve the system of vehicle for better driving and safety. Moreover, the safety advantages are structured to avoid the collisions and accidents by serving attractive technologies that safeguard and alert the driver to potential problems. In other words, ADAS are those systems which actively support, substitute or complement the driver of the respective vehicle. These systems are the foundation of next-generation automotive electronic safety systems and autonomous cars and leading the way to autonomous vehicles. Not only has this, these systems are having effective classification and applications which lead the market growth in the near future more significantly which further become beneficial for the acquiring the handsome amount of share by the focused key players in Africa.
According to the report analysis, ‘Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market (2018-2023)’ states that there are several key player which are presently functioning in this market more significantly for leading the highest market share in Africa by doing attractive developments in the technology for safeguarding the driver potential more actively includes Autoliv Inc., Bosch, Ford Motor Company, BMW AG, Mobileye and several others. Additionally, The Middle East and Africa ADAS market is expected to reach USD 3.17 Billion by 2023 with a CAGR of 23.3% during 2018-2023. Whereas, the legal authorities of South Africa identifies the automotive industry to be a key growth segment. Other foremost markets in the MEA region involve the UAE and Saudi Arabia. The UAE is projected to present the huge CAGR in the Middle East and Africa region during the forecast period.
In addition, in Africa the market is categorized into three principal segments based on vehicle, sensor and component. While, based on vehicle, the market is split into passenger and commercial vehicles. Moreover, basis on the sensors, the market is split into image, radar, lidar and other sensors (ultrasonic, infrared and laser sensors). On the basis of countries, with the effective applications and classifications the market of these systems is segmented into UAE, Saudi Arabia and Rest of Middle East and Africa (MEA). The key players of this market are working in an enormous manner for removing those factors and challenges which hinder the market growth such as recently significant increase in the incidences of software failures in sensor coupled with the huge cost of these systems that have acted as main restraining factors for the huge accessibility of these system. Moreover, the growing dissemination of vehicle ownership in this region is anticipated to operate the automotive market, subsequently driving the ADAS market. The prominent Original Equipment Manufacturers (OEMs) in the MEA region are BMW and Toyota, and their attendance in the luxury vehicle sector is going to navigate the demand for the ADAS market in South Africa and the Middle East. Hence, in the near future, it is projected that the market of advanced driver assistance systems in Africa will grow more positively over the recent few years.
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Ankur Gupta, Head Marketing & Communications