Automotive ADAS Sensor Market Probiotics Market Share to Reach US$ 69.71 Billion Globally by 2032 at 9.2% CAGR: Polaris Market Research

New York, April 28, 2024 (Polaris Market Research) According to a new market research report published by Polaris Market Research, the global Automotive ADAS Sensor Market is projected to grow at a CAGR of 9.2% from 2024 to 2032. The market growth is primarily fueled by the rising usage of semi-autonomous vehicles in several regions worldwide.

An Advanced Driver assistance system (ADAS) consists of a set of in-vehicle technologies that offer active safety instructions and driving intervention and assistance. It makes use of an in-car human-machine interface (HMI) to reduce accidents and make driving safer. Some of the essential applications of an ADAS system include pedestrian detection, lane departure warning, automatic emergency braking, traffic sign recognition, and blind spot detection. One of the most significant benefits of an ADAS system is improved vehicle safety by reducing human error.

The Automotive ADAS sensor market size was valued at USD 32.25 billion in 2023 and is projected to grow to USD 69.71 billion by 2032, exhibiting a CAGR of 9.2% during the forecast period, 2024 - 2032.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-adas-sensor-market/request-for-sample

The ADAS system relies on automotive ADAS sensors to garner information about the surroundings. These sensors take the form of radar, LiDAR, cameras, ultrasonics, speedometer, and windscreen and temperature sensors. The data from these sensors is fed into the vehicle's software which can interpret it. The results can then either be showcased to the driver via notifications or trigger a driving intervention. With the electrification of vehicles and the incorporation of modern driver assistance systems to improve vehicle safety, the market for automotive ADAS sensors is projected to develop in the upcoming years.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Altera Corporation
• Aptiv
• Autoliv Inc
• Continental AG
• DENSO Corporation
• Garmin Ltd.
• Infineon Technologies AG
• Magna International
• Mobileye
• Robert Bosch GmbH
• Valeo
• Wabco Holdings Inc
• ZF Friedrichshafen

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3678/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

𝐁𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠

• Hardware
• Software
• Others

𝐁𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞

𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬

• Heavy Commercial Vehicle
• Light Commercial Vehicle
• Passenger Cars
• Trucks
• Buses

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-adas-sensor-market

𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐀𝐃𝐀𝐒 𝐒𝐞𝐧𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The passenger cars segment dominated the market in 2023, driven by growing demand for safety systems in developing economies as a result of rising consumer awareness, supportive laws, and advancing road safety regulations.

• The adaptive cruise control segment led the market in 2023 and is expected to maintain its dominance due to an increase in the demand for safety features, advancements in technologies such as radar and sensors, and government regulations.

• North America holds a significant revenue share in the global Global Automotive ADAS Sensor market, driven by prominent automakers like Tesla, General Motors, and Ford. These companies are actively innovating autonomous vehicles for industries such as pharmaceuticals, healthcare, and logistics, which is projected to bolster market sales.

• The global key market players include Robert Bosch GmbH, DENSO Corporation, Continental AG, Aptiv, Valeo, Magna International, ZF Friedrichshafen, Altera Corporation, Autoliv Inc, Garmin Ltd., Infineon Technologies AG and Mobileye.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐌𝐚𝐧𝐧𝐞𝐝-𝐔𝐧𝐦𝐚𝐧𝐧𝐞𝐝 𝐓𝐞𝐚𝐦𝐢𝐧𝐠 (𝐌𝐔𝐌-𝐓) 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417580/synergizing-operations-manned-unmanned-teaming-mum-t

𝐄𝐌𝐂 𝐒𝐡𝐢𝐞𝐥𝐝𝐢𝐧𝐠 𝐚𝐧𝐝 𝐓𝐞𝐬𝐭 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417595/shielding-innovations-emc-shielding-and-test-equipment-market

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝟓.𝟎 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417623/embracing-the-future-industry-5-0-market-trends-and-growth

𝐄𝐕 𝐂𝐡𝐚𝐫𝐠𝐢𝐧𝐠 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐔𝐧𝐢𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417637/charging-ahead-ev-charging-communication-unit-market-business

𝐓𝐚𝐤𝐚𝐟𝐮𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417660/insuring-cooperation-takaful-insurance-market-regional

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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This release was published on openPR.