Press release
ADAS Market Report Includes Dynamics, Products, and Application 2018 - 2030
The market for automotive advanced driver assistance systems (ADAS) is anticipated to grow at an impressive double digit CAGR of >10% over the next five years to reach US$ 30.1 billion in 2030. This growth will be fueled by rising consumer demand for safety features, technological advancements, the introduction of stricter regulations, and organic expansion in the world's auto industry. Advanced driver assistance systems are also expanding in the automobile sector because to rising demand for high-end and luxury vehicles. To satisfy consumer safety demands, some firms have begun to install these systems in mid-range vehicles as well.The use of multifunctional sensors is expanding, which offers the US ADAS market a sizable opportunity. In order to provide mechanical stimulation and environmental information, such as strain, pressure, light adjustment, etc., these sensors, which function as intelligent systems, are increasingly being employed in electric automobiles and autonomous vehicles.
The advanced driver assistance system (ADAS) includes a wide range of active and passive systems designed to support the driver by providing comfort, safety, and effectiveness while driving and improves the safety and security of the driver, passengers, and pedestrians. It features a lot of crucial components like radar, cameras, sensors, and software that make the system work properly. Around the world, the use of automated or driverless cars is becoming increasingly popular. Due to the growing need for improved comfort, safety features, and driving efficiency, major market participants are investing a lot of money in research and development.
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Global ADAS Market: Major Players
Trw Automotive Holdings Corp.
Delphi Automotive PLC
Hitachi Ltd
Mobileye NV
Magna International
Hyundai Mobis
Autoliv Inc
Robert Bosch Gmbh
Freescale Semiconductor Inc.
Hella Kgaa Hueck & Co.
Aisin Seiki Co. Ltd.
Gentex Corporation
Renesas Electronics Corporation
Elektrobit Corporation
Continental Ag
Valeo
Mando Corp.
Texas Instruments Inc.
Ficosa International S.A.
Tass International
Denso Corporation
Infineon Technologies AG
Global ADAS Market: Types
Adaptive Cruise Control
Blind Spot Detection System
Park assistance
Lane Departure Warning System
Tire Pressure Monitoring System
Autonomous Emergency Braking
Adaptive Front Lights
Others
Global ADAS Market: Applications
Passenger car
Commercial vehicle
Global ADAS Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global ADAS market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Frequently Asked Questions
• What is Advanced Driver Assistance System (ADAS)?
• Which type of technology is expected to remain dominant?
• Who are the key players in the Automotive Advanced Driver Assistance System (ADAS) Market?
• Which vehicle type is expected to remain the largest segment in the Automotive Advanced Driver Assistance System Market?
• What will be the size of the Automotive Advanced Driver Assistance System (ADAS) Market in the foreseeable years?
• Which sensor type is expected to remain dominant in the Automotive Advanced Driver Assistance System Market?
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