Advanced Driver Assistance System (ADAS) Market: Global Industry to Witness Significant Growth by 2027

Evolve business intelligence, today has published a new market research report on “ADAS Market with COVID-19 impact, global, segmental and regional analysis”. According to the report, The Global ADAS market was estimated to be $35.5 billion in 2019 and anticipated to grow at a CAGR of 22.6% from 2020 to 2027

For more information on the report: https://evolvebi.com/product/global-adas-market/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the ADAS market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the ADAS market report also includes the following data points:
• COVID19 Impact on ADAS market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in ADAS market

Analyst View
According to Lekha, Principal Analyst, Evolve Business Intelligence, “In the recent COVID scenario there has been a negative impact on the ADAS market due to limited supply of vehicle part, halt in manufacturing and shut down of factories, dealerships, office. This resulted in dismissals of short-time workers leading to a decrease in the number vehicles sale.”

Competitive Scenario
Some of the major ADAS players holding high market share include Autoliv Inc., Continental AG, DENSO Corporation, and Robert Bosch Gmbh. These players adopted new product development as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
The report's aim is to provide a holistic market overview based on advanced driver assistance systems (ADAS) market by system type (adaptive cruise control (acc), tire pressure monitoring system (TPMS), drowsiness monitor system (DMS), adaptive front lights (AFL), automatic emergency braking (AEB), intelligent parking assist system (IPAS), blind-spot detection (BSD), and other system types) by sensor type (ultrasonic sensor, lidar sensor, image sensor, radar sensor, and others) by vehicle type (passenger vehicles and commercial vehicle) by geography: global trends, opportunities, and forecast – 2020 to 2027

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the ADAS market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market

The key players profiled in the report are:
• Autoliv Inc.
• Continental AG
• DENSO Corporation
• Robert Bosch Gmbh
• Valeo
• Hyundai Mobis
• ZF Friedrichshafen
• Magna
• NXP Semiconductors
• Aisin Seiki Co., Ltd

To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/global-adas-market/

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade map, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the ADAS market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the ADAS market
• To provide an overview of the value chain analysis pertaining to the ADAS industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall ADAS market
• To analyze opportunities in the market by identifying high-growth segments of the ADAS market
• To profile key players in the ADAS market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global ADAS market

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This release was published on openPR.