NEW YORK, April 03, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research has recently published comprehensive business research on "Advanced Driver-Assistance Systems (ADAS) Market" includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. Advanced Driver-Assistance Systems (ADAS) market research report is a demonstrated source of data and information that gives a telescopic view of the current market trends, situations, opportunities, and status. The report endows with the CAGR (compound annual growth rate) value fluctuations for the specific forecasted period which seems to be helpful in deciding costing and investment strategies. The market report is a specific study of the Advanced Driver-Assistance Systems (ADAS) industry which explains the market definition, classifications, applications, engagements, and global industry trends are. A brilliant team of analysts, experts, statisticians, forecasters, and economists has worked rigorously to generate this advanced and all-embracing Advanced Driver-Assistance Systems (ADAS) market research report.
Market information in the finest Advanced Driver-Assistance Systems (ADAS) report analyses prime challenges faced by the Advanced Driver-Assistance Systems (ADAS) industry currently and in the coming years, which gives an idea to other market participants about the problems they may face while operating in this market over a longer period of time. The report gives full knowledge about the market and competitive landscape which aids with enhanced decision-making, better managing the marketing of goods, and deciding market goals for enhanced profitability. Global Advanced Driver-Assistance Systems (ADAS) market research report also contains strategic profiling of major players in the market, meticulously analyzing their core competencies, and drawing a competitive landscape for the market.
Data Bridge Market Research analyses that the advanced driver-assistance systems (ADAS) market was valued at USD 23.74 billion in 2021 and is expected to reach the value of USD 114.16 billion by 2029, at a CAGR of 21.69% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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ADAS (Advanced Driver Assistance Systems) are passive and active safety systems designed to eliminate human error when operating various types of vehicles. ADAS systems employ advanced technologies to assist drivers while driving and thus improve driver performance. ADAS employs a variety of sensor technologies to perceive the environment around the vehicle and then either provide information to the driver or take action as needed. Today, ADAS systems are used in automobiles, trucks, and buses, as well as farming, construction, and military vehicles.
Human error causes nearly all vehicle accidents, which can be avoided with advanced driver assistance systems (ADAS). The role of ADAS is to reduce the number of car accidents and the severity of those that cannot be avoided in order to prevent deaths and injuries. These potentially life-saving systems are critical to the success of ADAS applications. They support real-time multimedia, vision processing, and sensor fusion subsystems by incorporating the most recent interface standards and running multiple vision-based algorithms.
Recent Developments
- In July 2021 Magna International Inc. will acquire Veoneer, a leader in automotive safety technology to strengthen and broaden its ADAS portfolio and industry position.
- In April 2021 Denso Corporation developed advanced driver assistance products for the new Lexus LS and Toyota Mirai.
- In January 2020 ZF co ASSIST, a Level 2 + automated driving system, was released as the company's first foray into the Level 2 + modular hardware and software suite, highlighting ZF's capabilities as a complete system supplier. ZF will equip production vehicles for a major Asian manufacturer with this new ZF system beginning in 2020.
- In February 2020, Veoneer was chosen to provide active safety services based on next-generation vision and radar systems. Veoneers versatile system was designed to achieve Euro NCAP 5-star safety ratings and includes a variety of driver assistance features such as highway assistance, adaptive cruise control stop and go, traffic sign recognition, lane centering control, automatic emergency braking, and automated high beam control.
- In July 2020 Arbor unveiled an Advanced Driver Assistance System (ADAS) and fleet management Rockchip PX30-based telematics device with an 8-inch touchscreen, with the primary goal of improving bus safety.
- In July 2020 LeddarTech, a Canadian ADAS (advanced driver assistance systems) company, announced that it is acquiring VayaVision, an Israeli company that creates an autonomous vehicle vision sensor-based platform.
Some of the major players operating in the advanced driver-assistance systems (ADAS) market are:
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Continental AG
- Aptiv.
- Intel Corporation
- DENSO CORPORATION.
- HYUNDAI MOBIS
- Magna International Inc
- Valeo
- SAMSUNG
- NVIDIA Corporation.
- HELLA GmbH & Co. KGaA
- Texas Instruments Incorporated
- VOXX Electronics Corp.
- Autoliv Inc.
- Infineon Technologies AG
- Ficosa Internacional SA
- AISIN SEIKI Co., Ltd
- Hitachi Automotive Systems Americas, Inc.
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The investment made in the study would provide you access to information such as:
- Advanced Driver-Assistance Systems (ADAS) Market [Global – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
- Advanced Driver-Assistance Systems (ADAS) Market Size
- Market Size by application/industry verticals
- Market Projections/Forecast
Key Highlights from Advanced Driver-Assistance Systems (ADAS) Market Study.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are ascertained in Advanced Driver-Assistance Systems (ADAS) industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analysed concerning various product type and application. The Advanced Driver-Assistance Systems (ADAS) market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry experts and Key officials of profiled companies.
Competition — Leading players have been studied depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness —Global Advanced Driver-Assistance Systems (ADAS) report additionally provides distribution, Production, Consumption & EXIM** (Export & Import). ** If applicable
Drivers
- Increased production of technologically advanced vehicles
The increased production of vehicles equipped with higher safety standards around the world is expected to propel the advanced driver assistance market. The increased use of artificial intelligence and the internet of things (IoT) in vehicles is also prompting automakers to develop advanced driver assistance systems. The implementation of stringent rules and regulations governing vehicle safety standards is expected to boost the global market for advanced driver assistance systems. Growing mergers and acquisitions between vehicle manufacturers around the world for the development of autonomous driving are expected to fuel the global market for advanced driver assistance systems.
- Stringent governments regulations
Governments in developed countries are mandating the implementation of various technologies in vehicles to improve consumer safety and security. The increase in disposable income and purchasing power of consumers is also expected to boost the sale of premium vehicles, which is expected to drive the global market for advanced driver assistance systems. The increased electrification of vehicles is expected to fuel the global advanced driving assistance market.
Advanced Driver-Assistance Systems (ADAS) Market Segmentations:
System
- Adaptive Cruise Control
- Adaptive Front Light
- Automatic Emergency Braking
- Cross Traffic Alert
- Driver Monitoring System
- Forward Collision Warning
- Intelligent Park Assist
- Lane Departure Warning
- Pedestrian Detection System
- Road Sign Recognition
- Tire Pressure Monitoring System
- Traffic Jam Assist
Component
- Camera Unit
- Lidar Sensor
- Radar Sensor
- Ultrasonic Sensor
Offering
- Hardware
- Software
Vehicle type
- Buses
- Light Commercial Vehicles
- Passenger Cars
- Trucks
Electric Vehicle Type
- Battery Electric Vehicle
- Fuel Cell Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
Propulsion
- Diesel
- Electric Vehicle
- Petrol
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Advanced Driver-Assistance Systems (ADAS) Market Regional Analysis/Insights
The Global advanced driver-assistance systems (ADAS) market is analysed and market size insights and trends are provided by country of system, component, offering, vehicle type, electric vehicle type and propulsion as referenced above.
The countries covered in the advanced driver-assistance systems (ADAS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the advanced driver-assistance systems (ADAS) market and will maintain its dominance during the forecast period due to increased investment in R&D.
During the forecast period, the Asia-Pacific region is expected to experience unprecedented growth and will have the highest compound annual growth (CAGR). This is due to increased investment in the automation industry.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Advanced Driver-Assistance Systems (ADAS) Market: Regulations
- Market Overview
- Global Advanced Driver-Assistance Systems (ADAS) Market, By System
- Global Advanced Driver-Assistance Systems (ADAS) Market, By Component
- Global Advanced Driver-Assistance Systems (ADAS) Market, By Offering
- Global Advanced Driver-Assistance Systems (ADAS) Market, By Vehicle type
- Global Advanced Driver-Assistance Systems (ADAS) Market, By Electric Vehicle Type
- Global Advanced Driver-Assistance Systems (ADAS) Market, By Propulsion
- Global Advanced Driver-Assistance Systems (ADAS) Market, By Region
- Global Advanced Driver-Assistance Systems (ADAS) Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Access the Complete Table of Contents, Click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-advanced-driver-assistance-systems-adas-market
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