"According to a survey conducted by Insurance Institute for Highway Safety (IIHS), 90% of vehicle accidents are caused by human error, only 10% from road or vehicle issues. The implementation of ADAS can help prevent human error and avoid vehicle accident," says Lucy Ho, senior analyst with MIC (Market Intelligence and Consulting Institute), a Taipei-based ICT research institute. "It is also anticipated that the key to winning out competitors will largely depend on how fast they can achieve cost reduction."

"Major firms for vision sensors include O'Film, Neusoft, Jingu, AutoNavi, and Protruly; for radars, Sun Create, Glarun, GreatStar, and Huayu; and for other environmental sensors, APG, Sunrise Wheels and ZYNP," explains Ho. "However, considering that their technology is currently lagging behind global counterparts, they mainly target mid- to low-end products."

ADAS Development in Major Countries, 2014-2017

Source: MIC, May 2016

To see more about this report, please visit: The Future of Cars: A Review of ADAS Development in China

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About MIC

Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry. https://mic.iii.org.tw/english