Advanced Driver Assistance Systems (ADAS) Market will achieve a value of $133.7 billion by 2032, with a CAGR of 13%
The growth of the global ๐๐๐ฏ๐๐ง๐๐๐ ๐๐ซ๐ข๐ฏ๐๐ซ ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ (๐๐๐๐) ๐๐๐ซ๐ค๐๐ญ is driven by factors such as the high demand for safety features, increased demand for comfort while driving, stringent safety rules and regulations.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/639
The global advanced driver assistance systems market size was valued at $40.4 billion in 2022, and is projected to reach $133.7 billion by 2032, growing at a CAGR of 13% from 2023 to 2032.
Advanced Driver Assistance Systems (ADAS) are a set of technologies and systems that are built into automobiles to increase safety, comfort, and ultimately help drivers in numerous aspects of driving. ADAS aims to reduce the frequency and severity of automobile accidents that cannot be avoided in order to prevent fatalities and injuries. These gadgets can provide valuable information regarding road closures ad blockages, recommended routes to avoid congestion, traffic and jam levels, etc. The term ADAS presently refers to a growing range of passive and active technologies that are offered as options or as standard on a growing number of modern commercial automobiles.
๐๐จ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
๐๐จ๐ง๐ญ๐ข๐ง๐๐ง๐ญ๐๐ฅ ๐๐, ๐๐๐ ๐ง๐ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐., ๐๐๐๐๐๐๐ ๐๐๐., ๐๐จ๐๐๐ซ๐ญ ๐๐จ๐ฌ๐๐ก ๐๐ฆ๐๐, ๐๐๐ฑ๐๐ฌ ๐๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ง๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐๐, ๐๐๐ฅ๐๐จ ๐๐, ๐๐๐ง๐ฌ๐จ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ง๐๐ฌ๐๐ฌ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ง๐๐ฌ๐จ๐ง๐ข๐ ๐๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ ๐๐๐ฆ๐ข๐๐จ๐ง๐๐ฎ๐๐ญ๐จ๐ซ๐ฌ
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/ADAS-market/purchase-options
Advanced Driver Assistance Systems (ADAS) are a collection of features and technology built into cars to help drivers increase their driving comfort, safety, and effectiveness. Different sensors, cameras, and communication systems are used by ADAS to monitor the environment around the vehicle, identify potential hazards, and send out timely alerts or trigger automated responses to avoid or lessen crashes and other traffic problems..
Europe is one of the largest revenue contributors to the global ADAS market, owing to factors such as high demand for comfort driving and implementation of Euro-NCAP ratings for cars. Adaptive front lighting system is the key application segment, which is expected to gain prominence in Europe due to stringent government regulations in many countries of the region. Moreover, vehicle safety and driver comfort have piqued the interest of automotive manufacturers in Europe.
Based on system type, the tire pressure monitoring system segment held the highest market share in 2022, accounting for nearly one-third of the global advanced driver assistance systems market revenue and is estimated to maintain its leadership status throughout the forecast period, as there is a rise in the demand for vehicle safety and carbon emission reduction. However, the adaptive front-lighting system segment is projected to manifest the highest CAGR of 14.6% from 2023 to 2032, owing to the surge in the development of fully adaptive front-lighting systems, which automatically adjust the angle and brightness of car lamps.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the advanced driver assistance systems market revenue and is likely to dominate the market during the forecast period, as there is an increase in the development and launch of luxury cars with innovative advanced driving assistance systems. However, the Europe region is expected to witness the fastest CAGR of 13.7% from 2023 to 2032, owing to presence of supportive legislation, and cost-effective vehicles fuel the use of safety systems in cars to improve safety and comfort.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/639
The system displays a warning in the rear-view mirror in presence of a vehicle in the blind spot. For instance, Volvo and Ford use a sensor-based system that alerts the driver if a vehicle enters the blind spot while changing lanes. Similarly, Mercedes, Nissan, Chrysler, and other companies have different blind spot warning systems. The U.S. and European automotive industry are one of the largest and most innovative automotive markets in the world. There is rapid market penetration and mass adoption of ADAS among customers with the massive transformation in the industry. For instance, in August 2020, Pioneer Electronics (USA) Inc. launched its blind spot detection (BSD) system lineup, the SDA-BS900, SDA-BS100 and SDA-BS1. It also offers consumers an aftermarket solution that combines technology to assist drivers by notifying them when there is a vehicle entering their blind spot zone.
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
By system type, the adaptive front-lighting system segment is anticipated to exhibit significant growth in the near future.
By sensor type, the infrared (IR) sensor segment is anticipated to exhibit significant growth in the near future.
By vehicle type, the buses segment is anticipated to exhibit significant growth in the near future.
By region, Europe is anticipated to register the highest CAGR during the forecast period
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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Automotive Axle & Propeller Shaft Market - https://www.globenewswire.com/news-release/2022/06/23/2468160/0/en/Automotive-Axle-Propeller-Shaft-Market-to-Portray-45-3-Billion-by-2030-Allied-Market-Research.html
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