openPR Logo
Press release

Advanced Driver Assistance Systems (ADAS) Market Size to surge at 22.57% CAGR and Hit USD 129.76 Billion by 2026 | Bosch GmbH, Continental International, ZF Friedrichshafen

02-18-2020 12:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Reports And Data

Advanced Driver Assistance Systems (ADAS) Market grow at a CAGR of 22.57%

Advanced Driver Assistance Systems (ADAS) Market grow at a CAGR of 22.57%

The rising number of government initiatives globally related to the safety of the vehicles coupled with the rising demand for safe and efficient vehicles are the major factors attributing to the growth of the ADAS market over the forecasted period. Another factor helping the growth of the Advnaced Driver Assistance Systems market is the rising demand for luxurious vehicles which come with ADAS systems built in.

Market Size - USD 19.57 Billion in 2018, Market Growth - CAGR of 22.57%, Market Trends - Growing automotive industry has proliferated the rising need for safety of the vehicle as well as the passengers, thus in turn foserting the growth of the Advanced Driver Assistance Systems market.

According to the current analysis of Reports and Data, the global Advanced Driver Assistance Systems (ADAS) market was valued at USD 19.57 Billion in 2018 and is projected to grow at a CAGR of 22.57% from 2019 to 2026. Advanced Driver Assistance Systems (ADAS) are electronic systems that help the driver of the vehicle to drive or park the vehicle. With the increasing number of government regulations globally related to the safety of the vehicles as well as the increasing demand for safe and efficient vehicles. The factor restraining the growth of the market is the unavailability of the needed infrastructure in some regions of the globe.

The ADAS technology utilize the System on a Chip and Field Programmable Gate Arrays as well as automotive sensors that can be based upon systems that are local to the car. ADAS provide the driver with the essential information, automate the difficult or repetitive tasks in an aid to increase the car safety for everyone on the road. Most of the ADAS possess cutting edge technologies. Since ADAS rely on the electronics as well as firmware elements, the development of such cutting-edge systems is governed by international safety standards like the IEC-61508 and ISO-26262.

To look at the PDF Sample Report and get 30 minutes of a free consultation: https://www.reportsanddata.com/sample-enquiry-form/2202

Key participants include Robert Bosch GmbH (Germany), Continental International (Germany), ZF Friedrichshafen (Germany), Aptiv (Ireland), Intel (US), Denso (Japan), Hyundai Mobis (South Korea), Valeo (France), Magna (Canada), Samsung (South Korea), and Hella (Germany).

For the purpose of this study, Reports and Data have segmented the Advanced Driver Assistance Systems (ADAS) Market on the basis of System, Component, Type, Vehicle, Propulsion, and Region:

System (Revenue, USD Million; 2016-2026)
o Adaptive Cruise Control
o Adaptive Front Light
o Automatic Emergency Braking
o Blind Spot Detection
o Cross Traffic Alert
o Driver Monitoring System
o Forward Collision Warning
o Intelligent Park Assistance
o Lane Departure Assistance
o Night Vision System
o Pedestrian Detection System
o Road Sign Recognition
o Traffic Jam Assist
o Others

Component (Revenue, USD Million; 2016-2026)
o Hardware
o Software

Type (Revenue, USD Million; 2016-2026)
o Image Sensor
o LiDAR Sensor
o Ultrasonic Sensor
o Infrared Sensor
o Radar Sensor
o Laser
o Capacitive Sensor
o Others

Vehicle (Revenue, USD Million; 2016-2026)
o Passenger Vehicle
o Light Commercial Vehicle (LCV)
o Heavy Commercial Vehicle (HCV)

Propulsion (Revenue, USD Million; 2016-2026)
o Electric
o Petrol
o Diesel

Regional Outlook (Revenue in USD Million; 2016-2026)
o North America
o U.S.
o Canada
o Mexico
o Europe
o Germany
o France
o U.K.
o Spain
o Rest of Europe
o Asia Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
o Rest of the World
o Middle East & Africa
o Latin America

Do you have questions about the Report or want to inquire about a Discount? Ask our Expert: https://www.reportsanddata.com/discount-enquiry-form/2202

Further key findings from the report suggest
o The Global Advanced Driver Assistance Systems (ADAS) market is forecast to grow at a rate of 22.57% CAGR to reach a valuation of USD 129.76 Billion in 2026.

o Rising automotive industry in countries like China, India will witness fast growing demand for ADAS over the forecasted period.

o Passenger car segment is forecasted to occupy the largest share of the market in 2026 on account of rising demand for vehicles from the customers. Reforms related to the scrapping of conventional powered vehicles and the switch to electric cars is the major factor attributing to the large share of the segment. The Passenger vehicle segment accounted to USD 5.13 Billion in the European region in 2018.

o Players in the industry are focused on improving their product offerings by investing in the research and development of latest technologies, thus helping them acquire a substantial positioning over the other players of the market.

o Competitors in the industry are also utilizing certain strategies like targeted acquisitions and mergers, thus helping them gain a better share in the market.

Reports And Data
40 Wall St. 28th floor New York City,
10005, United States
Direct Line: +1-800-819-3052
E-mail: sales@reportsanddata.com

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics and industries to help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power, and Energy.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Advanced Driver Assistance Systems (ADAS) Market Size to surge at 22.57% CAGR and Hit USD 129.76 Billion by 2026 | Bosch GmbH, Continental International, ZF Friedrichshafen here

News-ID: 1935976 • Views:

More Releases from Reports And Data

Point Of Sale (POS) Software Market Insights into the Evolving Landscape of 2032
Point Of Sale (POS) Software Market Insights into the Evolving Landscape of 2032
The latest report by Reports and Data on the global Point Of Sale (POS) Software Market. The report highlights the growing demand for APPLICATION POS software due to the increasing popularity of digital payment solutions and the shift towards cashless purchases accelerated by the COVID-19 pandemic. APPLICATION POS software enables secure and efficient transactions, making it highly sought-after by businesses and customers alike. In addition to facilitating transactions, APPLICATION POS software
Radio Persistence Coaxial Connector (RPC) Market Connecting the World A Look into the Booming 2032
Radio Persistence Coaxial Connector (RPC) Market Connecting the World A Look int …
The Global Radio Persistence Coaxial Connector (RPC) market The increasing demand for wireless communication systems and expanding usage of RPCs across various industries such as telecommunications, aerospace, defense, medical, and automotive, is driving the growth of the market. RPCs are widely used in communication devices, antennas, and other electronic equipment that require high-speed data transfer and dependable connectivity. The projected revenue CAGR of 7.2% during the forecast period indicates a positive
Point Of Sale (POS) Software Market Segmentation and Growth Opportunities in Retail Industry Transformation 2032
Point Of Sale (POS) Software Market Segmentation and Growth Opportunities in Ret …
The latest report by Reports and Data on the global Point Of Sale (POS) Software Market. The report highlights the growing demand for APPLICATION POS software due to the increasing popularity of digital payment solutions and the shift towards cashless purchases accelerated by the COVID-19 pandemic. APPLICATION POS software enables secure and efficient transactions, making it highly sought-after by businesses and customers alike. In addition to facilitating transactions, APPLICATION POS software
Drone Analytics Market The Growing Importance of Drone Analytics in Agriculture 2032
Drone Analytics Market The Growing Importance of Drone Analytics in Agriculture …
  Demand for actionable insights from drone data is driving market revenue growth in a range of industries, including agriculture, construction, mining, and oil & gas. Drones have increased in popularity in recent years due to their ability to capture massive volumes of data more rapidly and inexpensively than traditional methods. The global drone analytics market size was USD 3.93 Billion in 2022 and is expected to register a revenue CAGR of 31% over

All 5 Releases


More Releases for ADAS

ADAS Market Insights, Growth Forecast to 2025
The Global ADAS Market research by Market Study Report. It offers a feasibility analysis for investment and returns supported with data on development trend analysis across important regions of the world Global ADAS Research Report presents a competitive assessment and detailed statistical analysis on Global ADAS Industry prospects. The ADAS Report will enlighten the readers with market dynamics and market trends to provide a holistic market overview. The key aspects of
ADAS Camera Market 2020 Challenges by Enhancing Manufactures:
Stratagem Market Insights offer in-depth analysis concerning the complete ADAS Camera Market position and Recent Trends. Reports provide detailed Market Statistics, including Product types, Top Manufacturers, Market CAGR Status, and favorable factors that are expected to drive the Growth rate of the ADAS Camera Market with SWOT Analysis. The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, and forecast regions. The ADAS Camera Market evaluated the report on
What is ADAS
What is ADAS? ADAS, as also known as, the advanced driver assistance system. It was designed to protect drivers from avoidable car accidents and reduce the loss of life and property caused by driver fatigue and distracted driving. The highest level of ADAS implementation would be Tesla’s Autopilot which employs adaptive cruise control, auto-centering, collision avoidance, etc. However, not everybody wants to pay thousands of dollars Tesla’s ADAS package. The Acumen
Global Advanced Driver Assistance System (ADAS) Market
Global Advanced Driver Assistance System (ADAS) Market – Industry Analysis and Forecast (2017-2026) – By Technology, Sensor, Vehicle, Distribution Channel and Region. Global Advanced Driver Assistance System (ADAS) Market was valued US$ 23.2 Bn in 2017 and is expected to reach US$ 89.8 Bn by 2026, at a CAGR of 18.43 % during the forecast period. Rising traffic safety issues coupled with encouraging monitoring standards regarding the installation of these systems will
Automotive ADAS in China 2017-2021 Market
Global Research and Development News -- . . "Automotive ADAS Market in China 2017-2021" with coming years Industries Trends, projections of Global Growth, Major key player and Case study, Review, Share, Size, Effect. ' ' -About Automotive ADAS An advanced driver assistance system (ADAS) helps the driver avoid potential collisions by controlling the vehicle when the user is unable to respond in time. All safety features alert the driver of imminent collisions and prompt
Automotive ADAS Market Develop business strategies
MarketResearchReports.Biz adds “Global Automotive ADAS Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Automotive ADAS and the growth estimates for the forecasted period. Automotive ADAS are electronic components installed in vehicles, which present an intelligent driving experience to the driver. These systems comprise of unique sensors such as ultrasonic, image, RADAR, LiDAR, infrared and LASER. Deploying ADAS to