Press release
Advanced Driver Assistance Systems Market to Reflect a Holistic Expansion with Highest CAGR by 2031 | Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG
Advanced Driver Assistance Systems Market || 2024-2031
DataM Intelligence has published a new research report on "Advanced Driver Assistance Systems Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. . The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
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The Advanced Driver Assistance Systems market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
The market growth is primarily driven by the rising demand for Advanced Driver Assistance Systems (ADAS) in compact passenger cars, further supported by government regulations mandating ADAS installation. Increasing disposable incomes, economic stability, and a growing preference for luxury vehicles are also boosting global sales. ADAS features, such as automatic emergency braking, park assist, adaptive cruise control, and lane departure warnings, rely on sensors, cameras, radars, and software for precision. AI integration in the automotive sector has accelerated advancements. French firm Navya plans to expand its autonomous electric shuttles to the Middle East, Japan, the US, and Scotland in 2022, contributing to market growth.
Key Developments:
In June 2023, Continental AG announced plans to develop affordable ADAS (Advanced Driver Assistance Systems) for Indian cars and motorcycles, aiming to enhance safety and affordability in the Indian market.
Also in June 2023, Continental introduced a high-performance computer that integrates the cluster, infotainment, and ADAS into a single system.
In January 2023, NXP Semiconductors launched the SAF85xx series, a one-chip radar IC for ADAS and automated driving systems, offering increased flexibility for OEMs.
In December 2023, ECARX Holdings partnered with Black Sesame Technologies and BlackBerry Limited to implement the Skyland ADAS platform in Lynk & Co's premium SUV model. That same month, Magna expanded its autonomous driving capabilities by joining NorthStar, a 5G innovation project led by Telia Sweden and Ericsson, with plans to build a private 5G network at Magna's test track in Sweden.
Forecast Growth Projected:
The Global Advanced Driver Assistance Systems Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Advanced Driver Assistance Systems Market:
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, Harman International, Hyundai Mobis, NXP Semiconductor, Mobileye, Panasonic Corporation, Renesas Electronics Corporation.
Segment Covered in the Advanced Driver Assistance 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.
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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 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.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Advanced Driver Assistance Systems manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Advanced Driver Assistance Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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The research study aims to address the following key questions:
➡What is the expected growth rate of the Advanced Driver Assistance Systems Market during the forecast period of 2031?
➡What key factors are driving the Advanced Driver Assistance Systems Market across various regions?
➡Who are the leading vendors in the Advanced Driver Assistance Systems industry, and what strategies contribute to their success?
➡What is the anticipated market scope for the projected period?
➡What major trends are influencing the industry's growth in the coming years?
➡What challenges does the Advanced Driver Assistance Systems Market face?
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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