Press release
Automotive Advanced Driver Assistance System (ADAS) Market Set to Experience Robust Growth with a CAGR of 10.5%
The global ADAS market size is forecast to register a robust growth rate (CAGR) of 10.5% between 2024 and 2032
The global Automotive Advanced Driver Assistance System (ADAS) market size is forecast to register a robust growth rate (CAGR) of 10.5% between 2024 and 2032.
Key Players in This Report Include:
Autoliv Inc, BorgWarner Inc, Continental AG, DENSO Corp, Gentex Corp, Harman International Industries Inc, HELLA GmbH and Co. KGaA, Hyundai Motor Co., Infineon Technologies AG, Intel Corp, Magna International Inc, NXP Semiconductors NV, Panasonic Holdings Corp, Renesas Electronics Corp, Robert Bosch GmbH
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Automotive Advanced Driver Assistance System (ADAS) Market Overview in 2024
The Automotive Advanced Driver Assistance System (ADAS) market is being driven by the rising demand for vehicle safety and automation. Increasing awareness about road safety and stringent government regulations are pushing automakers to integrate ADAS technologies, such as adaptive cruise control, lane-keeping assist, and automated emergency braking, into their vehicles. These systems enhance driving safety by reducing human errors, thus preventing accidents and fatalities. The growing consumer preference for safety features and the push towards semi-autonomous and fully autonomous vehicles are significantly contributing to the market's growth.
In addition, Technological advancements in sensor and imaging technologies are also shaping the ADAS market. Innovations in radar, LiDAR, ultrasonic sensors, and camera systems are improving the accuracy and reliability of ADAS features. Enhanced sensor fusion techniques and advanced algorithms are enabling better detection and interpretation of the vehicle's surroundings, leading to more effective and seamless ADAS functionalities. These advancements are making ADAS more affordable and accessible across different vehicle segments, thereby driving widespread adoption and market expansion.
Market Segmentation and Scope:
By Application (Passenger cars, Commercial vehicles)
By Technology (AEBS, TPMS, PAS, LDWS, Others)
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The report covers the competitive analysis of the market. The report identifies the most promising growth opportunities across the 6 regions and 24 countries. This section exclusively shares insight into the growth strategies of the largest market share holders helping key players and new entrants understand the investment potential in the Global Automotive Advanced Driver Assistance System (ADAS) Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.
Regional Analysis:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Furthermore, the years considered for the study are as follows:
Historical year - 2018-2023
Base year - 2023
Forecast period - 2024 to 2032
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Major Highlights of TOC:
Chapter 1: Overview of the Global Automotive Advanced Driver Assistance System (ADAS) Market in 2024
1.1 Automotive Advanced Driver Assistance System (ADAS) Industry Analysis
1.2 Key Companies and Product Profiles
1.3 Automotive Advanced Driver Assistance System (ADAS) Market Segments
1.4 Industry Value Chain Analysis
1.5 Market Dynamics- Trends, Drivers, and Opportunities
1.6 Pricing Analysis
1.7 Porter's Five Forces Analysis
1.8 SWOT Profile
1.9 Macro-Economic and Demographic Impact Analysis
1.10 Scenario Analysis
Chapter 2: Global Automotive Advanced Driver Assistance System (ADAS) Demand Forecasts
2.1 Overview of the Segment
2.2 Global Historic Automotive Advanced Driver Assistance System (ADAS) Market Size (2018-2023) by Types, Applications, and Other Segments
2.3 Global Forecast Automotive Advanced Driver Assistance System (ADAS) Market Size (2024-2032) by Types, Applications, and Other Segments
Chapter 3: Segment-wise Automotive Advanced Driver Assistance System (ADAS) Market Forecasts
3.1 Key Market Segments
3.2 Premium Insights- Largest Types, Applications and Segments
3.3 Premium Insights- Most Lucrative Types, Applications, and Segments
Chapter 4: Automotive Advanced Driver Assistance System (ADAS) Market Outlook by Country
4.1 Automotive Advanced Driver Assistance System (ADAS) Market by Regions
4.2 Automotive Advanced Driver Assistance System (ADAS) Market Revenue Share by Region
4.3 North America (US, Canada, Mexico)
4.4 Europe (Germany, UK, France, Spain, Italy, Russia, Others)
4.5 Asia Pacific (China, Japan, India, South Korea, Australia, South East Asia, Others)
4.6 Latin America (Brazil, Argentina, Chile, Others)
4.7 Middle East and Africa (Saudi Arabia, UAE, Qatar, South Africa, Nigeria, Egypt, Others)
Player Analysis in Chapter Five
5.1 Players' Market Share Analysis (2023)
5.2 Regional Market Concentration Rates
5.3 Business Profiles, SWOT Analysis, Financial Details, Product Portfolio of Companies
..........continued
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USD Analytics Market
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