Press release
ADAS market size is estimated to be worth USD 29740 million in 2022 and is projected to reach USD 57760 million by 2028 with a CAGR of 11.7% - Valuates reports
The global ADAS market size is estimated to be worth USD 29740 million in 2022 and is projected to reach USD 57760 million by 2028 with a CAGR of 11.7% during the forecast period. Key drivers of the ADAS market include stringent regulations by the government regarding road safety and increasing support. Moreover, technological advancements and the rising shift towards automation will propel the growth of the ADAS market in the coming years. In addition to it, the growing demand for comfort, efficiency, and safety features will boost the market during the forecast period.Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-621/Global_Advanced_Driver_Assistance_Systems_ADAS_Market
Trends Influencing the Growth of the ADAS Market
Stringent regulations by the government regarding road safety and support
Traffic congestion and road accidents are a huge menace across the globe. Government authorities in various countries have adopted strict regulations in order to curb accidents due to driver's negligence and error. The continued support has given rise to the integration of safety systems and equipment into vehicles. Thus strict regulations and increasing support by governments for road safety will propel the growth of the adas market during the forecast period.
Technological advancement and shift towards automation
Manufacturers are focussing on rapid technological advancements in ADAS systems to prevent vehicular accidents due to human error. Automated lighting, adaptive cruise control and emergency braking systems have been designed to alert drivers to potential hazards, blind spots and lane departures. Further forward collision warning and other features are being developed to increase driver awareness and prevent collision. This ensures safety of both passengers and pedestrians on the road. Thus rapid technological advancements and benefits of automation will provide lucrative opportunities for the growth of the adas market in the future.
Growing demand for comfort, efficiency and safety feature
Artificial intelligence has enhanced the safety and security of automobiles through rapid integration of adas systems. Sensors, processors, cameras and algorithms increase the efficiency of the vehicle and assist the driver in overcoming navigational hazards. This is increasing efficiency. Consumers are now aligning more towards high end, safety and comfort features in vehicles. This is creating huge demand for advanced driver assistance systems thereby driving the growth of the adas market during the forecast period.
ADAS Market Share Analysis
Based on application, the passenger car segment is expected to provide lucrative opportunities for growth in the adas market share during the forecast period due to huge demand for cars with advanced driver assistance systems, rapid urbanization and growing incomes leading to more production and sales of passenger cars in the automotive industry.
Based on region, the Asia-pacific segment is expected to provide lucrative opportunities for growth in the adas market share due to wide scale adoption of electric vehicles in countries such as China, Japan and the expansion in production volume and manufacturing facilities in the automotive industry. The rapid technological advancements by key market players is also contributing to the growth in the region.
Adas Market By Type
Hardware
Software
Adas Market By Application
PC
LCV
Buses
Trucks
Get detailed report - https://reports.valuates.com/market-reports/QYRE-Auto-621/global-advanced-driver-assistance-systems-adas
Similar report -
https://reports.valuates.com/market-reports/QYRE-Auto-4J3200/global-adas-camera
https://reports.valuates.com/market-reports/QYRE-Auto-22L2940/global-motorcycle-adas
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release ADAS market size is estimated to be worth USD 29740 million in 2022 and is projected to reach USD 57760 million by 2028 with a CAGR of 11.7% - Valuates reports here
News-ID: 3204022 • Views: …
More Releases from valuates reports
Fast Dissolving Oral Thin Films (OTFs) Market Size, Trends & Forecasts | Valuate …
Fast Dissolving Oral Thin Films (OTFs) Market Size
The global market for Fast Dissolving Oral Thin Films (OTFs) was valued at US$ 6993 million in the year 2024 and is projected to reach a revised size of US$ 9988 million by 2031, growing at a CAGR of 5.3% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-12W10309/Global_Fast_Dissolving_Oral_Thin_Films_OTFs_Market_Research_Report_2022?utm_source=openpr&utm_medium=referral
Fast dissolving films consist of a very thin oral strip which dissolves in less than one minute…
Pigment Additive Film Market Size, Trends & Forecasts | Valuates Reports
Pigment Additive Film Market
The global market for Pigment Additive Film was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-38J8681/Global_Pigment_Additive_Film_Market_Outlook_2022?utm_source=openpr&utm_medium=referral
North American market for Pigment Additive Film is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of %…
Easy Peel Lidding Film Market Size, Trends & Forecasts | Valuates Reports
Easy Peel Lidding Film Market Size
The global market for Easy Peel Lidding Film was valued at US$ 4745 million in the year 2024 and is projected to reach a revised size of US$ 6429 million by 2031, growing at a CAGR of 4.5% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-36E13023/Global_Easy_Peel_Lidding_Film_Market_Research_Report_2023?utm_source=openpr&utm_medium=referral
Rising demand for convenient packaging: Consumers are increasingly demanding convenient packaging solutions that are easy to open and reseal. Easy peel…
Energy Saving Window Film Market Size, Trends & Forecasts | Valuates Reports
Energy Saving Window Film Market Size
The global market for Energy Saving Window Film was valued at US$ 3300 million in the year 2024 and is projected to reach a revised size of US$ 4744 million by 2031, growing at a CAGR of 5.4% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-16F9017/Global_Energy_Saving_Window_Film_Market_Outlook_2022?utm_source=openpr&utm_medium=referral
Energy Saving Window Film is a highly engineered, optically clear, polyester film composite. It undergoes various treatments to provide safety, security,…
More Releases for ADAS
ADAS Calibration Service Market Trends, Investment Opportunities, and Growth Ana …
Coherent Market Insights Reports has released a detailed research analysis on the Global "ADAS Calibration Service Market" 2025, highlighting key trends, growth dynamics, and forecast insights through 2032. This comprehensive report presents an in-depth evaluation of the market landscape, analyzing the factors that influence industry growth, including manufacturers, suppliers, market participants, and end users. It offers valuable insights into the core drivers fueling market expansion across various segments such as…
Automotive ADAS (Advanced Driver Assistance Systems (ADAS)) Market Industry Anal …
Automotive ADAS (Advanced Driver Assistance Systems) Market Size is Projected to Reach USD 74.75 Billion by 2032, Growing at a CAGR of 11.98 % From 2024-2032.
Advanced Driver-Assistance Systems (ADAS) enhance vehicle and road safety by utilizing sensors, cameras, and automated technology to detect nearby obstacles and provide critical safety features such as pedestrian detection, lane departure warning, automatic emergency braking, and blind spot detection. These systems play a pivotal…
ADAS Film Heaters Market Research Report
ADAS (Advanced Driver Assistance Systems) camera heaters are components integrated into vehicles equipped with ADAS technologies to prevent the formation of ice, frost, or condensation on the camera lenses. These heaters are designed to ensure the proper functioning of ADAS cameras, which play a crucial role in features such as lane departure warning, collision avoidance, and adaptive cruise control. In cold or inclement weather conditions, the camera heaters help maintain…
ADAS Market Worth $40.2 Billion by 2029
According to a new market research report titled, 'ADAS Market by System Type, Component (Sensors, Actuators), Vehicle Automation, Vehicle Type, End User, and Geography - Global Forecast to 2029,' the global ADAS market is projected to reach $40.2 billion by 2029, at a CAGR of 21.6% from 2022 to 2029.
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5377
The growth of this market is attributed to the Increasing ADAS adoption due to stringent…
Automotive ADAS Chip Market 2023 | Detailed Report
ReportsnReports publishes the report titled Automotive ADAS Chip that presents a 360-degree overview of the market under one roof. The report is developed with the meticulous efforts of an enthusiastic and experienced team of experts, analyts, and researchers that makes the report a valuable asset for stakeholders to make robust decisions. This report also provides an in-depth overview of product type, specification, technology, and production analysis considering vital factors like…
What is ADAS
What is ADAS?
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 Tesla’s Autopilot which employs adaptive cruise control, auto-centering, collision avoidance, etc. However, not everybody wants to pay thousands of dollars Tesla’s ADAS package. The Acumen…
