Advanced Driver Assistance System Market Size, Share and Demand by Top 10 Players in The Globe till 2026
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List of the leading companies that are operating in the global ADAS market are:
Magna International Inc.
ROBERT BOSCH GMBH
Renesas Electronics Corporation
Delphi Automotive Company
Aisin Seiki Co., Ltd.
Harman International Industries
Stonkam Co., Ltd
An advanced driver assistance system is a safety system that is designed to operate in a unified manner for improving vehicle safety. The increasing awareness among vehicle owners regarding safety and security will emerge in favor of the companies operating in the ADAS market. Recent technological advancements in ADAS have enabled greater efficiency. Improvements in product efficacies, coupled with reduced costs will aid the growth of the global ADAS market in the forthcoming years.
Incorporation of sensors, processors, and mapping will lead to a wider product adoption across the world. The stringent regulations regarding vehicle safety will aid the growth of the market. Increasing product applications such as adaptive cruise control, blind-spot detection, tire pressure monitoring, and emergency braking will contribute to the demand for ADAS across the world.
The report offers insights into the ongoing advanced driver assistance system market trends. It highlights leading companies in the market and discusses the strategies that these companies have adopted in recent years. Forecast values for the market have been provided for the period of 2019-2026. The market has been segmented on the basis of several criteria including application and regional demographics.
The competitive landscape scenario has been discussed in detail. Factual figures have been evaluated through trusted sources. The data included in this report has been gathered through interviews and opinions of experienced market research professionals.
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Asia Pacific to Lead the Market; Increasing Vehicle Production Will Provide Impetus to Growth
The report analyzes the ongoing ADAS market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific will emerge dominant in the coming years. The increasing vehicle production and sales will open up a huge potential for market growth. Companies in this region are more focused on developing high-end applications, which attracts more consumers. The demand for automated interiors will provide a huge platform for market growth. Besides Asia Pacific, the market in Europe will witness considerable growth in the coming years, driven by the growing product uses in electric vehicle.
Image Sensor Holds a Major Market Share; Diverse Applications to Aid Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing investment in the research and development of newer products will have a direct impact on the growth of the market. Besides growth driver, the market is segmented on the basis of sensor type into LiDAR, infrared, ultrasonic, radar, and image sensor. Among these, the image sensor segment currently holds the highest market share. The image sensor is used in applications such as park assist, night vision, surround view system, and blind spot detection. Moreover, autonomous emergency brakes have offered huge platform for rapid adoption of image sensors across the world.
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