Advanced Driver Assistance Systems (ADAS) Market to Progress at a CAGR of 9.5% and Expected Value to Reach US$ 74.62 Billion by 2032 | PMR

According to the latest research report "Advanced Driver Assistance Systems (ADAS) Market by Solution Type, Component (Sensors, Processors, Software, Others), Vehicle Type, Region - Global Forecast to 2032" by Polaris Market Research, the market size was valued at USD 33.00 billion in 2022 and is projected to reach USD 74.62 billion by 2032, exhibiting a CAGR of 9.5% over the forecast period of 2023 to 2032.

Advanced driver assistance systems (ADAS) refer to technologies that enable data-driven and safe operations of vehicles. The role of ADAS is to prevent injuries and deaths by lowering the number of avoidable car accidents. These systems use automated technology like sensors and cameras to detect obstacles and driver errors. Also, ADAS may take over control from humans upon identifying danger, carrying out both simple and challenging tasks. Essential safety features of an ADAS system include pedestrian detection, lane departure correction, traffic sign recognition, automated emergency braking, and blind spot detection.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/advanced-driver-assistance-systems-adas-market/request-for-sample

There are two main types of ADAS systems in the Advanced Driver Assistance Systems (ADAS) Market. These include passive ADAS systems and active ADAS systems. In a passive ADAS system, a computer is present to alert the driver about a dangerous circumstance. In active ADAS systems, the automobile can take action on its own to avoid the worst-case scenarios. With the rising popularity of ADAS systems due to their improved safety and mobility, the demand for advanced driver assistance systems is projected to develop over the forecast period.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The market for ADAS systems is fragmented and is anticipated to witness competition due to the presence of several players. Some of the major players operating in the market are:

• Aisin Seiki Co. Ltd.
• Autoliv Inc.
• Continental AG
• Delphi Automotive Company
• DENSO Corporation
• Harman International Industries
• Hitachi Ltd.
• Hyundai Mobis
• Magna International Inc.
• Mobileye N.V
• NVIDIA Corporation
• NXP Semiconductors
• Panasonic Corporation
• Renesas Electronics Corporation
• ROBERT BOSCH STIFTUNG GMBH (ROBERT BOSCH GMBH)
• Stonkam Co., Ltd.
• Takata Corporation
• Texas Instruments
• Valeo
• ZF Friedrichshafen

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/159/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐁𝐲 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧

• Adaptive Cruise Control
• Blind Spot Detection System
• Park Assistance
• Lane Departure Warning System
• Tire Pressure Monitoring System
• Autonomous Emergency Braking
• Adaptive Front Lights
• Others

𝐁𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭

• Sensors
• Radar
• Ultrasonic
• LiDAR
• Others
• Processors
• Software
• Others

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• 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/advanced-driver-assistance-systems-adas-market

𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐃𝐫𝐢𝐯𝐞𝐫 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 (𝐀𝐃𝐀𝐒) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

• Passenger cars, including sedans, hatchbacks, wagons, SUVs, MUVs, and vans, hold the largest market for ADAS during the forecast period due to the growing demand for safer and more comfortable vehicles.

• Household segment accounted for the larger market share owing to the increased consumption at home, convenience and accessibility, social drinking and entertainment, personal taste, and preferences.

• Lidar segment is projected to hold significant revenue share due to consumer preferences and choices

• APAC projected to register significant growth rate in the study period owing to the increasing demand for safe, efficient, and convenient driving experiences, rising disposable income in emerging economies, and strict safety regulations worldwide.

• North America held the highest market share owing to the technological advancements in the automotive industry.

• The global players include Aisin Seiki Co., Ltd., Autoliv Inc., Continental AG, Delphi Automotive Company, DENSO Corporation, Harman International Industries and Hitachi Ltd.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐆𝐥𝐚𝐳𝐞𝐝 𝐏𝐚𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3430094/machine-glazed-paper-market-valued-usd-17-72-billion

𝐑𝐞𝐬𝐭𝐚𝐮𝐫𝐚𝐧𝐭 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐑𝐨𝐛𝐨𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3430721/restaurant-delivery-robot-market-to-72-88-billion-usd

𝐋𝐚𝐛𝐨𝐫𝐚𝐭𝐨𝐫𝐲 𝐏𝐫𝐨𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐓𝐞𝐬𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3430724/laboratory-
proficiency-testing-market-anticipates

𝐃𝐞𝐧𝐭𝐚𝐥 𝐎𝐛𝐭𝐮𝐫𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3430735/dental-obturators-market-outlook-trends-top-players-latest

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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New York City, NY 10005,
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Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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