Highway Driving Assist Market New Trends, Growth Opportunities, Top Players And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Highway Driving Assist Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16440&type=smp

According to The Business Research Company's, The highway driving assist market size has grown exponentially in recent years. It will grow from $3.67 billion in 2023 to $4.47 billion in 2024 at a compound annual growth rate (CAGR) of 21.8%. The growth in the historic period can be attributed to growing consumer demand for safety, rise of electric vehicles, growing consumer demand for vehicles with connected features, regulatory push for vehicle safety, implementation of regulations mandating advanced driver assistance systems (ADAS).

The highway driving assist market size is expected to see exponential growth in the next few years. It will grow to $9.88 billion in 2028 at a compound annual growth rate (CAGR) of 21.9%. The growth in the forecast period can be attributed to increasing penetration of semi-autonomous vehicles from luxury to mid-segment, increasing demand for driver safety, increasing attention to autonomous driving, growing investments for technological improvements, increasing traffic congestion. Major trends in the forecast period include adoption of AI and machine learning, enhanced sensor technologies, increasing integration of V2X communication, rising electric and connected vehicles, developments in automotive technology.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/highway-driving-assist-global-market-report

Market Drivers and Trends:

The increasing number of autonomous vehicles is expected to propel the growth of the highway driving assist market going forward. Autonomous vehicles are self-driving cars that employ advanced sensor technologies, computer systems, and artificial intelligence to operate and navigate without constant human intervention or monitoring. Autonomous vehicles have increased demand due to advancements in artificial intelligence and sensor technology, along with substantial investment and support from private companies and governments to enhance safety and efficiency in transportation. Highway driving assist helps autonomous vehicles by providing additional safety and redundancy measures, improving navigation and decision-making capabilities, and strengthening overall driving efficiency. For Instance, in December 2022, according to the National Association of Insurance Commissioners, a US-based non-profit organization, there are expected to be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Additionally, according to the Institute of Electrical and Electronics Engineers, by 2040, 75% of all vehicles on the planet's highways will be autonomous. Therefore, the increasing number of autonomous vehicles is driving the highway driving assist market.

Major companies operating in the highway driving assist market are adding innovative features to the advanced driver assist systems to enhance drivers' safety, comfort, and convenience. These innovations make semi-autonomous vehicles safer and easier to use by helping vehicles accurately detect and understand their surroundings. For instance, in September 2022, Ford, a US-based automobile manufacturer, launched next-gen Ford BlueCruise 1.2, an updated version of Ford's hands-free advanced driver assist system (ADAS). This feature allows the vehicle to change lanes while driving hands-free independently. The system will adjust the vehicle's speed and position to enter the new lane safely. This feature automatically shifts the vehicle to the other side of the lane when passing a big rig or just someone crowding the line to provide more of a buffer. Ford has expanded the coverage of highways where BlueCruise can operate in hands-free mode. This includes over 100,000 miles of pre-mapped highways in the US and is adding more miles every month.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Toyota Motor Corporation, Honda Motor Co. Ltd., Robert Bosch GmbH, Hitachi Ltd., DENSO Corporation, ZF Friedrichshafen AG, Qualcomm Technologies Inc., Continental AG, Magna International Inc., Aisin Corporation, Valeo SA, Texas Instruments Incorporated, Aptiv, Analog Devices Inc., Renesas Electronics Corporation, Autoliv, ON Semiconductor Corporation, HARMAN International, HELLA GmbH & Co. KGaA, Visteon Corporation, AVL, Veoneer, Mobileye

Highway Driving Assist Market 2024 Key Insights:

• The highway driving assist market size is expected to see exponential growth in the next few years. It will grow to $9.88 billion in 2028 at a compound annual growth rate (CAGR) of 21.9%.
• Autonomous Vehicles in Driving the Growth of the Highway Driving Assist Market
• Innovations Driving Safety And Convenience In Highway Driving Assist Systems
• North America was the largest region in the highway driving assist market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=16440&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.