Continuous technological advancements in vehicle safety and driver assist technologies and stringent safety regulations are some key factors driving market revenue growth
The global Advanced Driver Assistance System (ADAS) market size is expected to reach USD 66.14 Billion at a steady CAGR of 11.8% in 2028, according to latest analysis by Emergen Research. Advanced driver assistance system market revenue growth is driven by rise in demand for safety features in vehicles, implementation of stringent safety regulations, and technological advancements in advanced driver assistance systems.
The latest market intelligence report, titled ‘Global Advanced Driver Assistance System Market’, is intended to provide the target audience with the necessary information about the global Advanced Driver Assistance System industry.
ADAS offers various benefits such as decrease in rate of accidents and reduced damage to property and injury or loss of life. These systems offer more effective safety features designed to improve passengers and pedestrian safety and minimizing accidents and impact severity. Advanced driver assistance systems offer safety features such as collision avoidance system, parking assistance, tire pressure monitoring, traction control, lane departure warnings, electronic stability control, and telematics. Surge in global road accident rates has been resulting in an increase in vehicle and passenger safety technologies and systems. Some features include ability to recognize and classify different objects on the road, alert driver regarding road conditions and terrain, as well as decelerate or completely halt the vehicle.
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Adaptive cruise control is a smart form of cruise control which slows down and speeds up the vehicle automatically to keep pace with the vehicle in front of it. It is ideal for stop-and-go traffic and rush hour commuting that swings from 60mph to a standstill. In autonomous cars, adaptive cruise control tracks the car in front as well as the one adjacent to detect the necessity for lane change. It also helps to maximize traffic flow due to its spatial awareness.
The passenger cars segment accounted for largest revenue share in 2020 due to increased focus on safety standards, rising consumer awareness, and governmental support and regulations regarding vehicle and passenger safety. Various countries have introduced regulations and made it mandatory to incorporate ADAS in passenger cars to reduce rate of accidents and safeguard driver’s as well as pedestrian’s lives.
Key players in the market include Continental AG, Robert Bosch GmbH, Denso, Samsung Electronics, Intel, Hyundai Mobis, ZF Friedrichshafen AG, Magna International Inc., Renesas Electronics Corporation, and Infineon Technologies AG.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Advanced Driver Assistance System market players.
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The research study presents an industry-wide summary of the Advanced Driver Assistance System market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Advanced Driver Assistance System7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
Segmental Analysis:
The Advanced Driver Assistance System market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
Emergen Research has segmented the global advanced driver assistance system market on the basis of offering, component, system, vehicle type, and region:
- Offering Outlook (Revenue, USD Billion; 2018–2028)
- Hardware
- Software
- Component Outlook (Revenue, USD Billion; 2018–2028)
- LiDAR
- Camera Unit
- Ultrasonic Sensor
- Radar Sensor
- Infrared Sensor
- System Outlook (Revenue, USD Billion; 2018–2028)
- Adaptive Front Light (AFL)
- Adaptive Cruise Control (ACC)
- Blind Spot Detection (BSD)
- Forward Collision Warning (FCW)
- Automatic Emergency Braking (AEB)
- Driver Monitoring System (DMS)
- Cross Traffic Alert (CTA)
- Lane Departure Warning (LDW)
- Pedestrian Detection System (PDS)
- Tire Pressure Monitoring System (TPMS)
- Road Sign Recognition (RSR)
- Intelligent Park Assist (IPA)
- Night Vision System (NVS)
- Traffic Jam Assist (TJA)
- Vehicle Type Outlook (Revenue, USD Billion; 2018–2028)
- Light Commercial Vehicle
- Passenger Car
- Bus
- Truck
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Regional Analysis:
The Advanced Driver Assistance System industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
- What is the growth rate of the Advanced Driver Assistance System market? What is the anticipated market valuation of the Advanced Driver Assistance System industry by 2027?
- What are the key growth driving and restraining factors of the Advanced Driver Assistance System market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Advanced Driver Assistance System industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
Take a look “Table of Content Advanced Driver Assistance System market”:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Advanced Driver Assistance System (ADAS) Market Segmentation & Impact Analysis
4.1. Advanced Driver Assistance System (ADAS) Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand for safety and driving comfort features
4.2.2.2. Demand for luxury vehicles
4.2.2.3. Stringent vehicle safety regulations
4.2.3. Market restraints analysis
4.2.3.1. Lack of required infrastructure in developing countries
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Advanced Driver Assistance System (ADAS) Market By Offering Insights & Trends, Revenue (USD Billion)
5.1. Offering Dynamics & Market Share, 2021 & 2028
5.1.1. Hardware
5.1.2. Software
Chapter 6. Advanced Driver Assistance System (ADAS) Market By Component Insights & Trends, Revenue (USD Billion)
6.1. Component Dynamics & Market Share, 2021 & 2028
6.1.1. LiDAR
6.1.2. Camera Unit
6.1.3. Ultrasonic Sensor
6.1.4. Radar Sensor
6.1.5. Infrared Sensor
Continue..!!
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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Contact Information:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkdIn | Twitter | Blogs