Advanced Driver-Assistance Systems (ADAS) Market is Expected to Reach the value of USD 114.16 Billion by 2029

Global Advanced Driver-Assistance Systems ADAS Market - Industry Trends and Forecast to 2029
Human error causes nearly all vehicle accidents, which can be avoided with advanced driver assistance systems (ADAS). The role of ADAS is to reduce the number of car accidents and the severity of those that cannot be avoided in order to prevent deaths and injuries. These potentially life-saving systems are critical to the success of ADAS applications. They support real-time multimedia, vision processing, and sensor fusion subsystems by incorporating the most recent interface standards and running multiple vision-based algorithms.

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Market Players Covered: Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv (U.S.), Lear Corporation (U.S.), DENSO CORPORATION (Japan), Texas Instruments Incorporated (U.S.), Renesas Electronics Corporation (Japan), HELLA GmbH & Co. KG. (Germany), Visteon Corporation (U.S.), ST Microelectronics (Switzerland), Infineon Technologies AG (Germany), Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan), ROHM Co. LTD. (Japan), MAXIM Integrated (U.S.)

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.

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

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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