Press release
Advanced Driver Assistance Systems Industry is Expected to Reach $165.68 Billion by 2031 - Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, DENSO CORPORATION
Advanced Driver Assistance Systems Market || 2024-2031
The market growth is driven by rising demand for Advanced Driver Assistance Systems (ADAS) in compact cars, supported by stricter government regulations. Key ADAS features include automatic braking, park assist, and adaptive cruise control, all enhanced by AI integration. Navya, a French company specializing in Level 4 autonomous technology, plans to expand its electric shuttles to the Middle East, Japan, the US, and Scotland, further boosting the market.
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Market Trends:
The rise in road accidents has prompted governments to invest in advanced safety measures and promote autonomous vehicles. Regulations such as mandatory Tire Pressure Monitoring Systems (TPMS) in Europe, the US, South Korea, Japan, and China aim to enhance road safety. Additionally, evolving customer preferences and technological advancements, such as the shift from drum brakes to Anti-lock Braking Systems (ABS), further drive market growth, supported by safety regulations from organizations like NCAP and IIHS.
Segment Covered in the Microplate Systems Market:
By Type: Adaptive Cruise Control, Adaptive Light Control, Blind Spot Detection, Collision Avoidance Systems, Driver Drowsiness Detection, E-Call Telematics, Lane Departure Warning Systems, Night Vision, Parking Assistance, Tire Pressure Monitoring, Others
By Offering: Hardware, Software
By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Buses and Trucks, Electric Vehicles, Others
Regional Analysis:
The global Advanced Driver Assistance Systems Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
The global Advanced Driver Assistance Systems Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Advanced Driver Assistance Systems Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Major Key Players:
• Robert Bosch GmbH
• Continental AG
• ZF Friedrichshafen AG
• DENSO CORPORATION
• Aptiv PLC
• Valeo SA
• Magna International Inc.
• Aisin Seiki Co. Ltd
• Autoliv Inc.
• GENTEX CORPORATION
• Panasonic Corporation
• Renesas Electronics Corporation
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