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ADAS Market Report with Insights on Size, Growth and Forecast; Injury Statistics and Technology Adoption

10-28-2022 01:38 PM CET | IT, New Media & Software

Press release from: Strategic Market Research

ADAS Market Report with Insights on Size, Growth and Forecast;

The worldwide ADAS market worth in 2021 was 23.44 billion, and it will reach $75.23 billion by 2030 at a 13.83% CAGR during 2021-2030. Advanced Driver Assistance Technologies (ADAS) are active and passive safety systems created to eliminate human mistakes from driving a variety of automobiles. ADAS systems use cutting-edge technology to aid the driver while driving, enhancing their performance. ADAS employs a variety of sensor technologies to detect the environment surrounding the vehicle and then either convey details to the driver or take action as needed.

Make a Direct Purchase of the latest Advanced Driver Assistance Systems (ADAS) Market Report published in the month of Sep-2022. Click the below link to initiate the purchase: https://strategicmarketresearch.com/buy-now/adas-market

ADAS Market Insights:
• On the basis of system type, in 2021 tire pressure monitoring segment led the overall market with a revenue share of about 19.8%.
• In 2021 the LiDAR segment ruled the market with a revenue share of approximately 33% in 2021.
• With a market share of nearly 74%, the passenger car ruled the overall ADAS market in terms of vehicle type in 2021.
• Geographically, North America held a significant position in 2021, with a revenue share of 37%

ADAS Market Dynamics
One of the factors boosting the Advanced Driver Assistance Systems Market is the rising consumer awareness of car safety ratings and the declining cost of parts as a result of the extensive use of cameras and radars. In order to attract a large client base, many OEMs are pushing ADAS technologies to achieve greater safety ratings. Therefore, leading OEMs regulate safety features across all models or provide them as additional options. As a result, throughout the projection period, the use of ADAS alternatives is expected to increase demand for components such as cameras, supersonic sensors, radiolocation sensors, and measuring systems.

To get a first-hand overview of the report, Request a Sample at
https://strategicmarketresearch.com/request-sample/adas-market

ADAS Market: A thorough and detailed Segmentation Analysis
The ADAS Market segmentation has been done on the basis of system type, component type, vehicle type, offering, electric vehicle, and region.

By System Type:
• Adaptive Cruise Control
• Head-Up Display
• E-Call Statem
• Adaptive Front Lights
• Forward Collision Warning
• Intelligent headlight
• Park Assistance
• Lane Departure Warning System
• Tire Pressure Monitoring System
• Blind Spot Detection System
• Autonomous Emergency Braking
• Others

By Component Type
• Radar
• Sensor
• Software
• Processor
• Camera
• LiDAR

By Vehicle Type
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Passenger Cars

By Offering
• Software
• Hardware

By Electric Vehicle
• Fuel Cell Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Hybrid Electric Vehicle
• Battery Electric Vehicles

By Region
North America
• Canada
• United States

Europe
• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific
• India
• Japan
• South Korea
• China
• Rest of Asia Pacific

LAMEA
• Argentina
• Saudi Arabia
• Brazil
• South Africa
• Mexico
• UAE
• Rest of LAMEA

With a market share of nearly 74%, the passenger car ruled the overall ADAS market in terms of vehicle type in 2021. The segment's expansion is due to the rising consumer awareness of supportive legislation, safety systems, and raising standards for road safety in developing economies.

Geographically, North America held a significant position in 2021 with a revenue share of 37%. The development of the automobile industry's technology and the presence of significant businesses in the area are the main drivers of this region's growth. Additionally, the region's economy has grown along with the greater application rate of new technology. The market is expanding because of the rising mortality rate and rise in high-end vehicle sales in nations like Canada and the U.S.

Before initiating a purchase, make a Pre-order inquiry and get a detailed overview of the content of the report: https://strategicmarketresearch.com/pre-order-enquiry/adas-market

Key industry Players in the ADAS market
• Hyundai Mobs
• Jayson Electronics
• Delhi Automotive PLC
• Renesas Electronics Corporation
• NXP Semiconductor
• Panasonic Corporation
• Mobileye N.V
• Harman International
• Continental AG
• GENTEX CORPORATION
• Aisin Seiki Co. Ltd.
• Magna International Inc.
• Aptiv PLC
• Valeo SA
• ZF Friedrichshafen
• Autoliv Inc.
• Robert Bosch GmbH
• DENSO CORPORATION


The worldwide ADAS market worth in 2021 was 23.44 billion, and it will reach $75.23 billion by 2030 at a 13.83% CAGR during 2021-2030. The market is primarily influenced by technological innovations in sensor technology.

To Know More Visit: https://www.strategicmarketresearch.com/market-report/adas-market

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Strategic Market Research LLP.
Sunil Kumar
India: +91-8260836500
Email: info@strategicmarketresearch.com
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