The Reports and Insights, a leading market research company, has recently releases report titled “Advanced Driver Assistance Systems (ADAS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Advanced Driver Assistance Systems (ADAS) Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Advanced Driver Assistance Systems (ADAS) Market?
The advanced driver assistance system (ADAS) market was US$ 28.1 Billion in 2022. Furthermore, the advanced driver assistance system (ADAS) market to register a CAGR of 17.1% which is expected to result in a market forecast value for 2031 of US$ 116.3 Billion.
What are Advanced Driver Assistance Systems (ADAS)?
Advanced Driver Assistance Systems (ADAS) are a collection of safety features and technologies that aid drivers in the driving process and improve vehicle safety. These systems utilize sensors, cameras, and radar to detect and respond to potential hazards on the road, such as collisions, lane deviations, and pedestrians. ADAS can alert the driver to dangers or take control of the vehicle to prevent accidents. Common ADAS features include adaptive cruise control, lane-keeping assistance, automatic emergency braking, and blind-spot monitoring. The primary objective of ADAS is to enhance road safety, reduce accidents, and improve the overall driving experience.
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What are the growth prospects and trends in the Advanced Driver Assistance Systems (ADAS) industry?
The advanced driver assistance systems market growth is driven by various factors. The market for Advanced Driver Assistance Systems (ADAS) is experiencing significant growth due to several factors, including the growing demand for vehicle safety features, the increasing adoption of autonomous vehicles, and regulatory requirements for enhanced vehicle safety. ADAS technologies like adaptive cruise control, lane departure warning systems, and automatic emergency braking are increasingly becoming standard features in modern vehicles, improving both safety and driving comfort. Furthermore, advancements in sensor technology, artificial intelligence, and connectivity are driving further market expansion, with a primary focus on reducing accidents and enhancing overall road safety. Hence, all these factors contribute to advanced driver assistance systems market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Type:
Parking Assist System
Adaptive Front-lighting
Night Vision System
Blind Spot Detection
Advanced Automatic Emergency Braking System
Collision Warning
Driver Drowsiness Alert
Traffic Sign Recognition
Lane Departure Warning
Adaptive Cruise Control
By Technology:
Radar
Lidar
Camera
By Vehicle Type:
Passenger Cars
Commercial Vehicles
By Applications:
Transportation and Logistics
Agriculture
Construction
Mining
Public Transportation
Security
By Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
Benelux
Nordic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
South Africa
United Arab Emirates
Israel
Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
Renesas Electronics Corporation
NXP Semiconductors
Panasonic Holdings Corporation
Valeo SA
Denso Corporation
Robert Bosch GmbH
Continental AG
Texas Instruments Incorporated
Magna International Inc.
AUTOLIV INC.
Infineon Technologies AG
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