Automotive Advanced Driver Assistance Systems (ADAS) Market Report Up to 2031

Visiongain has published a new report on Automotive Advanced Driver Assistance Systems (ADAS) Market Report to 2031: Forecasts by Electric Vehicle (PHEV, BEV, FCEV, HEV), by Offering (Hardware and Software), by System (BSD, ACC, CTA, AFL, TJA, PDS, TPMS, RSR, NVS, LDW, IPA, FCW, DMS, AEB) by Component (LiDAR, Camera Unit, Ultrasonic sensor, Infrared Sensor, Radar Sensor), by Vehicle type (Light Commercial Vehicle, Truck, Passenger Car, Bus) and by Level of Autonomy( L1, L2&L3, L4, L5) PLUS Profiles of Leading ADAS Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.

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The major factor that driven the growth of the market is due to government regulations and support by mandating the usage of driver assistance systems in automobiles. The stats show that there are new demands for new technologies and innovation providing safety features in automobiles.

COVID-19 Impact on ADAS Market
As Covid-19 has caused a lot of damage in various industries, it has brought automotive industry to a halt too by causing vehicle production and supply disruptions. Analysis shows that it would be a major concern for Lower vehicle sales for automotive OEMs for next few quarters and there will a thin chance for recovery of the market in the end of 2021.

Market Drivers
Initiatives taken by the companies to develop advanced sensing technology is one of the major drivers. Another one is taken by European Commission for road safety. ADAS companies focusing toward technologies and innovation for gaining customer’s attention which in result shows rising demand in Electric vehicle. Thus there is increase in demand for components such as Cameras, radar sensors, ultrasonic sensors, and LiDAR during the forecast period.

Market Opportunities
The introduction of new technology and autonomous vehicle has transformed to ease the commute. ADAS technology in the market has reduced the complexity of driving having features such as Stability control, emergency braking, Lane monitoring and others. Advanced technology such as High definition cameras to collect data, Ultrasonic sensor, Radar, LiDAR, are the technology Autonomous vehicle rely upon to function smoothly. Big market player like Volkwagen, Tesla, General Motors and Ford planning to launch fully smart autonomous vehicle in the coming years. Nissan announced to deploy ProPILOT by 2020 in his 20 models. The increasing efforts on autonomous driving system would enable OEMs to incorporate more advanced safety system and cruise control for autonomous vehicle

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How the ADAS Market report helps you
In summary, our 500+ page report provides you with the following knowledge:

• Revenue forecasts to 2031 for ADAS Market, with forecasts for System, Component, Offering, Electric Vehicle, Level of Autonomy and, Vehicle Type, each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues

• Revenue forecasts to 2031 for 4 regional and 20 key national markets – See forecasts for the ADAS market in North America, Europe, Asia-Pacific and Rest of the World. Also forecasted is the market in the US, Canada, Brazil, Germany, Russia, France, UK, Italy, Spain, China, India, Japan, Australia, South Korea, Thailand, Mexico, Russia, Turkey, Rest of Europe, Rest of Asia pacific and South Africa among other prominent economies.

• Prospects for established firms and those seeking to enter the market– including company profiles for 10-15 of the major companies involved in the ADAS Market.

Competitive Landscape
The global ADAS market is dominated by big players such as Robert Bosch, ZF Friedrichshafen, Aptiv, Continental AG, Valeo, Denso and Magna International. These companies have secure their position in the market to offer wide range of advanced assistance systems. The key strategies adopted by these companies is to sustain their market position are new technology, new product development, Contract agreement and Collaborations.

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Information found nowhere else
With our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the ADAS Market and leading companies. You will find data, trends and predictions.

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: dev.visavadia@visiongain.com

Dev Visavadia
PR at Visiongain Inc.
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About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

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