The growth of the automotive industry since the last century has been rapid owing to the high technological advancements and developments from original equipment manufacturers (OEMs), tier 1 manufacturers, and tier 2 manufacturers.
However, the increasing number of vehicles on road also creates immense opportunity for vision and navigation system providers to integrate advanced safety driver-assistance systems (ADAS) features in the vehicle to increase road safety and provide secure movement of goods via commercial vehicles.
Owing to the rapid integration of ADAS features in a vehicle, the automotive industry is on the crest of technological advancement, which is expected to further increase in the coming years, thereby providing improved and enhanced safety features in Level 3, 4, and 5 vehicles.
The progressive evolution of automotive industry is attributed to the increasing focus of manufacturers toward the road safety, government regulations, and changing consumer preferences, which has led to the deployment of vehicles from Level 1 to Level 3.
Consequently, the advancement and improvement in on-road vehicles performance has created a surge in the demand for vehicles, thereby raising the need for safer and advanced features in it.The deployment of ADAS features in a vehicle makes the road safe for drivers as well as pedestrians.
The increasing number of road accidents has compelled the government bodies and federal authorities such as âNational Highway Traffic Safety Administrationâ (NHTSA), âMinistry of Land, Infrastructure, Transport and Tourismâ (MLIT), and âEuropean Commissionâ (EC) to work toward the deployment of autonomous vehicle by passing stringent regulations and laws for automakers.