Press release
Advanced Driver Assistance System Market: Opportunities, Challenges, and Growth Forecast for 2024-2031 | Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG.
Advanced Driver Assistance System Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Advanced Driver Assistance System market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Advanced Driver Assistance Systems Market reached US$ 44.96 billion in 2023 and is expected to reach US$ 165.68 billion by 2031, growing with a CAGR of 17.71% during the forecast period 2024-2031.
The advanced driver assistance systems (ADAS) market focuses on technologies designed to enhance vehicle safety and improve driving experience through automated functions. ADAS includes features such as adaptive cruise control, lane departure warning, automatic emergency braking, and parking assistance, all aimed at reducing human error and preventing accidents. The market is driven by rising consumer demand for safety features, stricter government regulations on vehicle safety, and advancements in sensor technology, including radar, lidar, and cameras. As the automotive industry shifts towards automation and connected vehicles, the ADAS market is expected to grow significantly, fostering innovation and contributing to the development of autonomous driving technologies.
Key Developments:
In June 2023, Continental AG announced its plans to develop affordable Advanced Driver Assistance Systems (ADAS) tailored for Indian automobiles and motorcycles. This initiative aims to improve both safety and affordability in the Indian automotive market.
In June 2023, Continental introduced a new high-performance computer (HPC) designed specifically for vehicles. This innovative system integrates the cluster, infotainment, and technical driver-assistance systems (ADAS) into a single, cohesive unit.
List of the Key Players in the Advanced Driver Assistance System 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 and Renesas Electronics Corporation.
Research Process:
Both primary and secondary data sources have been used in the global Advanced Driver Assistance System Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Advanced Driver Assistance System 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 Breakout:
The global Advanced Driver Assistance System 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 System 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 System 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 New Zealand Food Testing and Certification 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 New Zealand Food Testing and Certification 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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Frequently Asked Questions
What is the expected growth rate of the global market for the forecast period?
What are the key driving factors that are responsible to shape the fate of the Advanced Driver Assistance System market during the forecast period?
What will be the overall size of the market during the analysis period?
What are the prominent market trends which influence the development of the Advanced Driver Assistance System market across various regions?
Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
What are the challenges and threats that are likely to act as a barrier to the growth of the Advanced Driver Assistance System market?
What are the major opportunities that the companies can get to attain success in the world?
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
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.
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