Report Ocean recently released a research report on the Advanced Driver Assistance Systems (ADAS) Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global Advanced Driver Assistance Systems (ADAS) market was valued at $19.8 billion in 2017 and is anticipated to grow at a CAGR of 21.4% during the forecast period.
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Advanced Driver Assistance Systems offer improved passenger experience, comfort, and safety to vehicles and drivers. Integration of advanced driver assistance systems into vehicles enable enhanced situational awareness and control for easier and safer driving experience. Some components enabling efficient functioning of Advanced Driver Assistance Systems include LiDAR, sensors, radar systems, artificial intelligence software, and GPS among others.
The demand for Advanced Driver Assistance Systems or ADAS has increased over the years owing to rising concerns regarding road safety, and growing incidents of road accidents. Growing penetration of connected cars, and rising adoption of IOT further boosts the market growth. The increasing advancements in technologies, growing adoption of electric vehicles, and rising investments in R&D and technological innovation further supplement the growth of this market. Increasing demand for luxury vehicles, and rising development of autonomous vehicles are factors expected to offer numerous growth opportunities during the forecast period.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Advanced Driver Assistance Systems Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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North America generated the highest revenue in 2017 owing to increasing incidents of road accidents and growing safety concerns. High disposable income, and improved living standards in the region support market growth. Technological advancements in the region, along with presence of leading market players is expected to boost the adoption of Advanced Driver Assistance Systems in North America.
Competitive Landscape and Key Vendors
The global Advanced Driver Assistance Systems market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the report include Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, Continental AG, Intel Corporation, Texas Instruments, Valeo S.A., Magna International, Inc., Autoliv Inc., and Garmin Ltd.
Key Segments Outlook
System
Adaptive Cruise Control (ACC)
Lane Departure Warning (LDW)
Blind Spot Detection (BSD)
Night Vision System (NVS)
Intelligent Park Assist (IPA)
Driver Monitoring System (DMS)
Adaptive Front Light (AFL)
Tire Pressure Monitoring System (TPMS)
Autonomous Emergency Braking System (AEB)
Forward Collision Warning (FCW)
OthersComponent
Hardware
Sensors
LiDAR Sensor
Camera Unit
Ultrasonic Sensor
Radar Sensor
Processors
Electronic Control Units (ECU)
Microcontroller Units (MCU)
Software
Services
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Vehicle Type
Passenger Vehicles
Commercial VehiclesElectric Vehicle Type
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel Cell Electric Vehicle (FCEV)Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
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Table of Content
Chapter 1: Global Advanced Driver Assistance Systems (ADAS) Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Advanced Driver Assistance Systems (ADAS) market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Advanced Driver Assistance Systems (ADAS) Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Advanced Driver Assistance Systems (ADAS) market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Advanced Driver Assistance Systems (ADAS) market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Advanced Driver Assistance Systems (ADAS) market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Advanced Driver Assistance Systems (ADAS) market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Advanced Driver Assistance Systems (ADAS) business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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