Advanced Driver Assistance Systems (ADAS) Market Projected to Record Highest CAGR by 2020 to 2027

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The Advanced Driver Assistance Systems (ADAS) Market drivers and trends are as follows:

Some of the factor driving the growth of the global advanced driver assistance systems (ADAS) market in the upcoming years include the rising penetration of electric vehicles due to the growing government efforts and subsidies to encourage the electric vehicles to meet the growing concerns regarding global warming, air pollution, and reducing fossil. Moreover, rapid technological advancements for the development of advanced driver assistance systems and the rising need for an efficient and safe driving experience to decrease the incidences of accidents will further create numerous growth opportunities. Rigorous government regulations regarding vehicle safety, along with the outbreak of autonomous vehicles, are promoting the end-users to opt for advanced driver assistance systems globally.

The rise in the per capita income, rapid urbanization, and shifting consumer lifestyle leads to an upsurge in demand for vehicles, and a sudden increase in the sales of luxury cars will bolster the growth of the market during the forecast period. The advanced driver assistance system provides remarkable characteristics such as aids in lane-keeping, traffic sign recognition, parking assist system, lane-changing, traffic sign recognition, and other features, which helps in providing a safe driving experience. On the other edge of the spectrum, some of the factors hampering the growth of the global advanced driver assistance systems include the rising cost of the systems and limited need for infrastructure in the developing countries.

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Key Benefits of the Report:

This report offers an analytical depiction of the Advanced Driver Assistance Systems (ADAS) market while providing the current trends and future estimations to determine the imminent investment pockets.
This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the Advanced Driver Assistance Systems (ADAS) market share.
The report also provides a detailed the Advanced Driver Assistance Systems (ADAS) market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the Advanced Driver Assistance Systems (ADAS) Market report:

ZF Friedrichshafen AG
Robert Bosch GmbH
Aptiv
Continental AG
Denso Corporation
Intel Corporation
Hyundai Mobis
Valeo
Magna International Inc.
NVIDIA Corporation

Segmentation of the Advanced Driver Assistance Systems (ADAS) Market:

Breakup by System:

Adaptive Front Light (AFL)
Adaptive Cruise Control (ACC)
Blind Spot Detection (BSD)
Automatic Emergency Braking (AEB)
Driver Monitoring System (DMS)
Cross Traffic Alert (CTA)
Intelligent Park Assist (IPA)
Forward Collision Warning (FCW)
Night Vision System (NVS)
Lane Departure Warning (LDW)
Road Sign Recognition (RSR)
Pedestrian Detection System (PDS)
Traffic Jam Assist (TJA)
Tire Pressure Monitoring System (TPMS)

Breakup by Component:

Lidar Sensor
Camera Unit
Ultrasonic Sensor
Radar Sensor

Breakup by Offering:

Hardware
Software

Breakup by Vehicle Type:

Light Commercial Vehicles (LCVS)
Buses
Trucks
Passenger Cars (PCS)

Breakup by Electric Vehicle Type:

Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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