Advanced Driver Assistance Systems (ADAS) Market Size & Share Will Grow to USD 74.62 Million by 2032, at 9.5% CAGR | PMR

The recently published Advanced Driver Assistance Systems (ADAS) Market study report by Polaris Market Research reveals that the global market was USD 33.00 billion in 2022, with a CAGR of 9.5% projected from 2023 to 2032. The global market is expected to offer an absolute opportunity of USD 74.62 billion by 2032.

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

Advanced driver assistance systems (ADAS) are acquiring approval in the automotive industry because of improved security, enhanced driving involvement, and technological progressions. ADAS technologies such as advancing clash injunction, lane withdrawal ultimatum, and mechanized emergency braking assist drivers in circumventing or diminishing probable impact, decreasing the probability of mishaps, and restoring lives.

Practically, all vehicle mishaps are created by human delusion which can be circumvented with advanced driver assistance systems. The part of ADAS is to prohibit deaths and abrasions by decreasing the aggregate of car accidents and the grievous influence of those that cannot be circumvented. The safety crucial applications comprise current frontier caliber and operate manifold perception-dependent algorithms to reinforce real-time multimedia, perception co-processing, and sensor amalgamation components.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐃𝐞𝐞𝐩 𝐃𝐢𝐯𝐞

The main players are concentrating on geographic augmentation and contemporary product instigations to improve their existence in the market and acquire an aggressive edge.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐝𝐫𝐢𝐯𝐞𝐫 𝐚𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 (𝐀𝐃𝐀𝐒) 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• 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 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

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

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

The primary factors propelling the market growth of the advanced driver assistance systems (ADAS) are technologies outlined to improve vehicle security and enhance the driving experience by offering help and mechanized attributes.
The advanced driver assistance systems (ADAS) market analysis is based on solution, component, vehicle type, and region.

In 2023, APAC dominated the market.

The market in North America will increase as a result of factors such as technological advancements.

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:

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: https://textilevaluechain.in/2021/01/04/digital-transaction-management-market-worth-10-billion-by-2026/

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: https://dealersupport.co.uk/digital-transaction-management-market-worth-10bn-by-2026/

𝐅𝐚𝐜𝐢𝐚𝐥 𝐈𝐧𝐣𝐞𝐜𝐭𝐚𝐛𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.healthcareradius.in/business/27667-facial-injectable-market-size-to-touch-18819-million-by

𝐅𝐚𝐜𝐚𝐝𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: http://www.tradearabia.com/news/CONS_377250.html

𝐅𝐚𝐜𝐚𝐝𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://ground.news/article/global-facades-sector-to-hit-376bn-by-2026-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.