Advanced Driver-Assistance Systems (ADAS) Market to Obtain Overwhelming Growth of USD 114.16 billion by 2029, Size, Share, Trends, Growth Opportunities and Competitive Outlook

Advanced Driver-Assistance Systems (ADAS) Market" includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. Advanced Driver-Assistance Systems (ADAS) Market research report gives critical information about the market and business landscape. It suggests how the company is perceived by the target customers and clients that are desired to reach. The report helps understand how to connect with customers, how to stack up against the competition, and how to plan next steps. It plays an important role in the process of developing products and services, bringing them to the marketplace, and marketing them to consumers.

               Data Bridge Market Research analyses that the advanced driver-assistance systems (ADAS) market was valued at USD 23.74 billion in 2021 and is expected to reach the value of USD 114.16 billion by 2029, at a CAGR of 21.69% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Get a Sample PDF of Advanced Driver-Assistance Systems (ADAS) Market Research Report:  https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-advanced-driver-assistance-systems-adas-market

Advanced Driver-Assistance Systems (ADAS) Market Analysis:

ADAS (Advanced Driver Assistance Systems) are passive and active safety systems designed to eliminate human error when operating various types of vehicles. ADAS systems employ advanced technologies to assist drivers while driving and thus improve driver performance. ADAS employs a variety of sensor technologies to perceive the environment around the vehicle and then either provide information to the driver or take action as needed. Today, ADAS systems are used in automobiles, trucks, and buses, as well as farming, construction, and military vehicles.

Drivers

Increased production of technologically advanced vehicles

The increased production of vehicles equipped with higher safety standards around the world is expected to propel the advanced driver assistance market. The increased use of artificial intelligence and the internet of things (IoT) in vehicles is also prompting automakers to develop advanced driver assistance systems. The implementation of stringent rules and regulations governing vehicle safety standards is expected to boost the global market for advanced driver assistance systems. Growing mergers and acquisitions between vehicle manufacturers around the world for the development of autonomous driving are expected to fuel the global market for advanced driver assistance systems.

Stringent governments regulations

Governments in developed countries are mandating the implementation of various technologies in vehicles to improve consumer safety and security. The increase in disposable income and purchasing power of consumers is also expected to boost the sale of premium vehicles, which is expected to drive the global market for advanced driver assistance systems. The increased electrification of vehicles is expected to fuel the global advanced driving assistance market.

Restraints

Lack of infrastructure development will challenge the growth

The advanced driver assistance market is likely to face challenges due to a lack of infrastructure development in developing countries. Vehicles equipped with advanced driver assistance systems are prohibitively expensive, which is expected to stymie the market.

Top Leading Key Players of Advanced Driver-Assistance Systems (ADAS) Market:

Robert Bosch GmbH
ZF Friedrichshafen AG
Continental AG

Intel Corporation
DENSO CORPORATION.
HYUNDAI MOBIS
Magna International Inc
Valeo
SAMSUNG
NVIDIA Corporation.
HELLA GmbH & Co. KGaA
Texas Instruments Incorporated
VOXX Electronics Corp.
Autoliv Inc.
Infineon Technologies AG
Ficosa Internacional SA
AISIN SEIKI Co., Ltd
Hitachi Automotive Systems Americas, Inc.

To Gain More Insights into the Market Analysis, Browse Summary of the Advanced Driver-Assistance Systems (ADAS) Market Report@ https://www.databridgemarketresearch.com/reports/global-advanced-driver-assistance-systems-adas-market

Key Highlights from Advanced Driver-Assistance Systems (ADAS) Market Study.

Revenue and Sales Estimation - Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are ascertained in Advanced Driver-Assistance Systems (ADAS) industry evolution and predictive analysis.

Manufacturing Analysis -the report is currently analysed concerning various product type and application. The Advanced Driver-Assistance Systems (ADAS) market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry experts and Key officials of profiled companies.

Competition - Leading players have been studied depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.

Demand & Supply and Effectiveness -Global Advanced Driver-Assistance Systems (ADAS) report additionally provides distribution, Production, Consumption & EXIM** (Export & Import). ** If applicable

Global Advanced Driver-Assistance Systems (ADAS) Market Segmentations:

System

Adaptive Cruise Control
Adaptive Front Light
Automatic Emergency Braking
Blind Spot Detection
Cross Traffic Alert
Driver Monitoring System
Forward Collision Warning
Intelligent Park Assist
Lane Departure Warning
Night Vision System
Pedestrian Detection System
Road Sign Recognition
Tire Pressure Monitoring System
Traffic Jam Assist

Component

Camera Unit
Lidar Sensor
Radar Sensor
Ultrasonic Sensor

Offering

Hardware
Software

Vehicle type

Buses
Light Commercial Vehicles
Passenger Cars
Trucks

Electric Vehicle Type

Battery Electric Vehicle
Fuel Cell Electric Vehicle
Hybrid Electric Vehicle
Plug-In Hybrid Electric Vehicle

Propulsion

Diesel
Electric Vehicle
Petrol

Advanced Driver-Assistance Systems (ADAS) Market Regional Analysis/Insights

The Global advanced driver-assistance systems (ADAS) market is analysed and market size insights and trends are provided by country of system, component, offering, vehicle type, electric vehicle type and propulsion as referenced above.

The countries covered in the advanced driver-assistance systems (ADAS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the advanced driver-assistance systems (ADAS) market and will maintain its dominance during the forecast period due to increased investment in R&D.

During the forecast period, the Asia-Pacific region is expected to experience unprecedented growth and will have the highest compound annual growth (CAGR). This is due to increased investment in the automation industry.

Download the Complete Research Study Here in PDF Format @ https://www.databridgemarketresearch.com/checkout/buy/enterprise/global-advanced-driver-assistance-systems-adas-market

Recent Developments

 

In July 2021 Magna International Inc. will acquire Veoneer, a leader in automotive safety technology to strengthen and broaden its ADAS portfolio and industry position.
In April 2021 Denso Corporation developed advanced driver assistance products for the new Lexus LS and Toyota Mirai.
In January 2020 ZF co ASSIST, a Level 2 + automated driving system, was released as the company's first foray into the Level 2 + modular hardware and software suite, highlighting ZF's capabilities as a complete system supplier. ZF will equip production vehicles for a major Asian manufacturer with this new ZF system beginning in 2020.
In February 2020, Veoneer was chosen to provide active safety services based on next-generation vision and radar systems. Veoneers versatile system was designed to achieve Euro NCAP 5-star safety ratings and includes a variety of driver assistance features such as highway assistance, adaptive cruise control stop and go, traffic sign recognition, lane centering control, automatic emergency braking, and automated high beam control.
In July 2020 Arbor unveiled an Advanced Driver Assistance System (ADAS) and fleet management Rockchip PX30-based telematics device with an 8-inch touchscreen, with the primary goal of improving bus safety.
In July 2020 LeddarTech, a Canadian ADAS (advanced driver assistance systems) company, announced that it is acquiring VayaVision, an Israeli company that creates an autonomous vehicle vision sensor-based platform.

Table of Contents:

1 Introduction

2 Research Methodologies

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Compliance in Advanced Driver-Assistance Systems (ADAS) Market

8 Advanced Driver-Assistance Systems (ADAS) Market, By Service

9 Advanced Driver-Assistance Systems (ADAS) Market, By Deployment Type

10 Advanced Driver-Assistance Systems (ADAS) Market, By Organization Size

11 Advanced Driver-Assistance Systems (ADAS) Market Analyses, By Vertical

12 Geographic Analyses           

13 Competitive Landscapes

14 Detailed Company Profiles

15 Related Reports

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-advanced-driver-assistance-systems-adas-market

Advanced Driver-Assistance Systems (ADAS) Market Scenario

According to Data Bridge Market Research the advanced driver-assistance systems (ADAS) is witnessing a tremendous growth rate owing to certain factors such as, increasing need for leisure transports is required to intensify the need for the exchange. Some of the distinguished constituents such as progressing administration guidance linked with the protection, expanding predominance for secure driving knowledge, they can minimize the transportation jam, and progressing requirement for self-sufficient and electronic transports which will also stimulate the market in the years of 2020 to 2027. Unavailability of expected foundation and complex characteristics are components which is anticipated to hinder the business germination in the considered projection period.

Now the question is which are the other regions intuitive is targeting? Data Bridge Market Research has forecasted a large growth in North America. North America will govern the high-level driver-assistance methods in the prediction years of 2020 to 2027 due to expanding expenditure in investigation and advancement and strengthening government ordinances to improve vehicle security.

Key questions answered in Advanced Driver-Assistance Systems (ADAS) Report:

What will the Advanced Driver-Assistance Systems (ADAS) market size and the growth rate be in 2030?
What are the latest market trends impacting the growth of the Advanced Driver-Assistance Systems (ADAS) market?
Who are the global topmost manufacturers of Advanced Driver-Assistance Systems (ADAS) industry: Company Outline, Product Specification and Major Types Analysis, Market Performance, Sales Market, Contact Information?
What are the types and applications of Advanced Driver-Assistance Systems (ADAS)? What is the market share of each type and application?
What are the upstream raw materials and manufacturing equipment of Advanced Driver-Assistance Systems (ADAS)? Up Stream Industries Analysis, Raw Material and Suppliers, Equipment and Suppliers, Manufacturing Analysis, Manufacturing Process, Manufacturing Cost Structure, Manufacturing Plants Distribution Analysis, Industry Chain Structure Analysis
What is the global (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of Advanced Driver-Assistance Systems (ADAS)?
What are the Advanced Driver-Assistance Systems (ADAS) market opportunities and threats faced by the vendors in the global Advanced Driver-Assistance Systems (ADAS) Industry?

Browse More DBMR Reports:

               Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist Market, By Component (Camera Unit, Lidar Sensor, Radar Sensor, Ultrasonic Sensor), Offering (Hardware, Software), Technology (Adaptive Cruise Control, Automatic High Beam Control, Autonomous Park Assist, Blind Spot Detection, Driver Monitoring, Forward Collision Warning, Front Lighting, AEB, Night Vision, Head Up Display, Lane Departure Warning, Park Assist, Surround View System, Traffic Sign Recognition, Tire Pressure Monitoring System), Vehicle Type (Buses, Light Commercial Vehicles (LCVS), Passenger Cars (PCS), Trucks), Electric Vehicle Type (Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)), Distribution Channel (OEM, Aftermarket), Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/global-automotive-adas-and-park-assist-market

Contact Us:-

Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email:- corporatesales@databridgemarketresearch.com

About Data Bridge Market Research, Private Ltd

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. "Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve."

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe.

This release was published on openPR.