Best Prospects in the Global Advanced Driver Assistance Systems (ADAS) Market and Strategies for Growth – Includes Advanced Driver Assistance Systems Market Share
The Business Research Company’s report goes into great detail on the advanced driver assistance systems (ADAS) market size and growth, advanced driver assistance systems (ADAS) market regional analysis, advanced driver assistance systems (ADAS) market competitive landscape, and other critical information needed to excel in the advanced driver assistance systems (ADAS) industry.
Major players in the advanced driver assistance systems (ADAS) market include Continental AG, Denso, Magna International, Robert Bosch, NXP Semiconductors, Panasonic, Renesas Electronics, Texas Instruments, Hyundai Mobis, ZF Friedrichshafen, Mobileye, Autoliv Inc, Nvidia, Hitachi, and TRW Automotive Holdings Corp.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global advanced driver assistance systems market size is expected to grow from $26.99 billion in 2021 to $31.36 billion in 2022 at a compound annual growth rate (CAGR) of 16.17%. The global ADAS market size is expected to reach $57.77 billion in 2026 at a CAGR of 16.51%.
North America was the largest region in the ADAS market in 2021.
The advanced driver assistance systems (ADAS) market consists of sales of ADAS and related services by entities (organizations, sole traders, and partnerships) that refers to passive or active electronic systems designed to reduce human error component during the operations of vehicles. These systems utilize a wide range of technologies to assist the driver during driving and improve driving performance. Sensors such as radar and cameras are used to provide information to the driver or to take automatic action which prevents injuries and deaths caused by car accidents.
The increasing government regulations for mandatory ADAS implementation in vehicles are propelling the advanced driver assistance systems market.
Technological advancements are a key trend gaining popularity in the ADAS market. Major companies operating in the ADAS market are focused on developing new technological solutions to strengthen their position through the implementation of next-generation ADAS tec
Technologies into their products such as sensor fusion, embedded vision, HMI, software infrastructure, and autosar.
TBRC’s Global Advanced Driver Assistance Systems (ADAS) Market Report Is Segmented:
By System Type: Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System, Intelligent Parking Assist System (IPAS), Adaptive Cruise Control System, Blind Spot Object Detection System, Lane Departure Warning System, Adaptive Front-Lighting System, Others
By Offering: Hardware, Software
By Vehicle Type: Passenger Car, Light Commercial Vehicle, Buses, Trucks
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Advanced Driver Assistance Systems (ADAS) Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the advanced driver assistance systems (ADAS) market globally and regionally, analyzes and forecasts market size, share, advanced driver assistance systems (ADAS) market players, advanced driver assistance systems (ADAS) market segments, leading competitor revenues, profiles and market shares.
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