Press release
Advanced Driver Assistance System Market: Growth with a CAGR of 11.10% (2022-2028)
The global advanced driver assistance system (ADAS) market size was valued at USD 22.5 Bn in 2021 and is estimated to grow to USD 47 Bn by 2028, registering a CAGR of 11.10% during the projection period. Growing demand for advanced driver assistance systems (ADAS) in compact passenger cars is one of the key factors anticipated to drive market growth. Government regulations requiring ADAS in vehicles are anticipated to tighten, which is expected to boost product demand in the near future.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/sample/Automotive/advanced-driver-assistance-system-adas-market/21584
The purpose of advanced driver assistance systems (ADAS) is to support the driver by increasing the security and safety of the driver and passengers while also enhancing comfort, safety, and efficiency while driving. The cameras, sensors, radars, and software are key components that are going to make sure the system works as it should. Around the world, the shift toward automated or driverless cars is growing rapidly. Attributed to the increasing need for additional comfort, safety features, and an efficient driving experience, major competitors in the industry are investing heavily in research and development.
๐๐ข๐๐๐ซ ๐๐๐ง๐ฌ๐จ๐ซ๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ฎ๐ ๐ญ๐จ ๐ข๐ญ๐ฌ ๐๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐๐ ๐ข๐ง ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐จ๐ง
On the basis of the sensor type, the global advanced driver assistance system (ADAS) market is segmented into the image sensor, lidar sensor, ultrasonic sensor, infrared (IR) sensor, radar sensor, and laser. On account of the major importance of this component in vehicle automation, the lidar sensors segment is predicted to grow rapidly. Sensors and their functional correctness are principally responsible for how well ADAS functions. Together, the sensors LIDAR, RADAR, ultrasonic, camera, and others carry out the required support and safety functions.
The radar sensor segment, on the other hand, is anticipated to grow at a rapid CAGR due to its use in a variety of systems, including adaptive cruise control systems, etc., a rise in the number of accidents, and a rise in safety awareness, which results in a strong demand for radar sensors, particularly in China, the US, and major European nations.
๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐ง๐ข๐ญ๐ข๐๐ญ๐ข๐ฏ๐๐ฌ ๐ญ๐จ ๐๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ ๐๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐๐๐ ๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Governments from a number of countries are making significant investments in implementing cutting-edge technologies, developing safety measures, and promoting the use of self-driving cars around the world. Increasing the use of autonomous cars, enhancing comfort and convenience, and reducing operating costs are some of the major drivers propelling the market's growth. Leading manufacturers have also committed a substantial amount of money to the invention of fully autonomous vehicles.
Furthermore, the adoption of ADAS helps drivers in the event of turns and other unforeseen roadside circumstances. In order to recognize these things and instantly provide signals and alerts, the presence of sensors is crucial. This is also anticipated to boost ADAS demand in the foreseeable future.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ข๐ญ๐ก ๐๐๐@ https://www.extrapolate.com/Automotive/advanced-driver-assistance-system-adas-market/21584
๐๐๐๐๐ข๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ๐๐ฌ ๐ญ๐จ ๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐ญ๐จ ๐๐๐ญ๐๐ข๐ง ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ ๐
In order to strengthen their market presence and acquire a competitive advantage, leading businesses in the ADAS market are concentrating on geographic expansions and the introduction of new products. These programs also help end users become more aware of the need to drive safely. To strengthen their positions in the market, the firms are also concentrating on launching various strategic initiatives, mergers, and acquisitions, agreements and contracts, and partnerships.
๐๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ ๐๐ซ๐ข๐ฏ๐๐ซ ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ ๐ฆ๐๐ซ๐ค๐๐ญ:
-Robert Bosch GmbH (Germany)
-Continental AG (Germany)
-DENSO CORPORATION (Japan)
-Aptiv (UK)
-ZF Friedrichshafen (Germany)
-Valeo (France)
-Magna International (Canada)
-Hyundai Mobis (South Korea)
-Veoneer (Sweden)
-Valeo SA (Paris, France)
-Magna International Inc. (Aurora, Canada)
-Aisin Seiki Co. Ltd (Aichi, Japan)
-Autoliv Inc. (Stockholm, Sweden)
-GENTEX CORPORATION (Michigan, U.S.)
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ -
โ Beijing Horizon Robotics Technology R&D Co., Ltd. and Continental AG (Continental) announced a Joint Venture (JV) agreement in September 2021. The JV focuses on offering hardware- and software-integrated solutions for autonomous vehicles and enhanced driver support systems.
๐๐ก๐ ๐๐๐ฏ๐๐ง๐๐๐ ๐๐ซ๐ข๐ฏ๐๐ซ ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ง ๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐๐๐ฌ๐๐ ๐จ๐ง:
๐๐ฒ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐ฒ๐ฉ๐
-Tire Pressure Monitoring System (TPMS)
-Drowsiness Monitor System
-Intelligent Parking Assist System (IPAS)
-Adaptive Cruise Control System
-Blind Spot Object Detection System
-Lane Departure Warning System
-Adaptive Front-lighting System
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐
-Passenger Car
-Light Commercial Vehicle
-Buses, and Trucks
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง
-North America- U.S., Mexico, Canada
-Europe- UK, France, Germany, Italy, Spain, Rest of Europe
-Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
-South America- Brazil, Argentina, Colombia, Rest of South America
-The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/enquire/Automotive/advanced-driver-assistance-system-adas-market/21584
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ฎ๐ ๐ญ๐จ ๐๐ซ๐๐ฌ๐๐ง๐๐ ๐จ๐ ๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ ๐ข๐จ๐ง
The Asia-Pacific is anticipated to dominate the ADAS market share during the forecast period due to rising consumer demand for cutting-edge technological features. To boost production and accelerate technical improvement, major industry players in the region are increasing their investment in R&D operations. The expansion of the industry is being supported by increased disposable income in developing nations around the region and rising demand for simple driving experiences.
On the other hand, North America is predicted to expand at a high CAGR due to the expanding automotive sector globally. The increasing use of such systems in automobiles is another element boosting the regional market growth. In addition, it is anticipated that the regional market would expand as a result of increased government investment in self-driving cars and the advancement of AI technology.
๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Advanced Driver Assistance System (ADAS) Market
Chapter 5. Global Advanced Driver Assistance System (ADAS) Market Overview, By System Type, 2015 - 2028(USD Million)
Chapter 6. Global Advanced Driver Assistance System (ADAS) Market Overview, By Sensor Type, 2015 - 2028(USD Million)
Chapter 7. Global Advanced Driver Assistance System (ADAS) Market Overview, By Vehicle Type, 2015 - 2028(USD Million)
Chapter 8. Global Advanced Driver Assistance System (ADAS) Market Overview, By Geography, 2015 - 2028(USD Million)
Chapter 9. North America Advanced Driver Assistance System (ADAS) Market Overview, By Countries, 2015 - 2028(USD Million)
....Continued
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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ADAS, as also known as, the advanced driver assistance system. It was designed to protect drivers from avoidable car accidents and reduce the loss of life and property caused by driver fatigue and distracted driving. The highest level of ADAS implementation would be Teslaโs Autopilot which employs adaptive cruise control, auto-centering, collision avoidance, etc. However, not everybody wants to pay thousands of dollars Teslaโs ADAS package. The Acumenโฆ
