ADAS market size is expected to be a readjusted size of USD 57760 million by 2028 with a CAGR of 11.7%

BANGALORE, India, February 2, 2022 /PRNewswire/ — Adas market is segmented by Type – Hardware, Software, by Application – PC, LCV, Bus, Trucks. Global Opportunity Analysis and Industry Forecast 2022 – 2028. It is published in Appreciate the reports under the Autos and vehicles Category.

The ADAS market size is estimated at $29,740 million in 2022 and should have a readjusted size of 57760 million USD by 2028 with a CAGR of 11.7% during the reporting period.

The major factors driving the Adas market growth are

The ADAS market will be driven by compliance with upcoming safety mandates, growing demand for semi-autonomous driving systems, and ever-improving hardware and software technology. The growing need to reduce the number of car accidents in order to prevent fatalities and injuries is expected to propel the ADAS market forward.

Browse the table of contents and list of figures on https://reports.valuates.com/market-reports/QYRE-Auto-621/global-advanced-driver-assistance-systems-adas

TRENDS INFLUENCING THE GROWTH OF THE ADAS MARKET

Customer demand for driver assistance systems is increasing as the need for safer driving conditions grows, propelling the ADAS market forward. Advanced driver assistance systems have a number of advantages, including reduced material and human losses, fewer accidents, etc. ADAS is a set of safety devices designed to improve the safety of pedestrians and passengers by reducing the severity of motor vehicle accidents. Advanced driver assistance systems warn the driver of impending danger and help maintain control to avoid or reduce the severity of accidents.

The ADAS market will benefit from increased awareness of vehicle safety ratings and lower component costs due to the widespread use of cameras and radars. ADAS solutions are being adopted by major automakers to achieve higher safety ratings and attract more customers. As a result, major car manufacturers standardize safety systems on all models or offer them as an option. Therefore, during the forecast period, the demand for components such as cameras, radar sensors, ultrasonic sensors, and LiDAR will increase due to the growing penetration of advanced features of driver assistance systems.

The introduction of self-driving cars is expected to further drive the growth of the ADAS market. With features like lane monitoring, emergency braking, stability controls and more, ADAS technologies have dramatically reduced the complexity of driving. To collect data, autonomous vehicles use advanced technologies and systems like LiDAR, radar, ultrasonic sensors and high-definition cameras. An on-board intelligent autonomous driving system analyzes this data in order to maneuver the vehicle safely.

Get your sample today: https://reports.valuates.com/request/sample/QYRE-Auto-621/Global_Advanced_Driver_Assistance_Systems_ADAS_Market

ADAS MARKET SHARE ANALYSIS

Based on the demands, the passenger car segment is expected to be the most lucrative during the forecast period. The passenger car segment contributes significantly to the ADAS market. Improved road safety standards, supporting legislation and consumer awareness are all contributing to increased demand for safety systems in emerging markets.

Based on the region, the Asia-Pacific ADAS Market is expected to be the most lucrative. In the Asia Pacific Region, China, South Koreaand Japan represent the majority of the ADAS market. The expansion of the market in the Asia Pacific can be attributed to Japan, South Koreaand China high vehicle production and increased use of advanced electronics.

Inquire for customization: https://reports.valuates.com/request/customization/QYRE-Auto-621/Global_Advanced_Driver_Assistance_Systems_ADAS_Market

Market by region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Adas Market by Company

  • Aisin Seiki
  • Autoliv
  • Bosch
  • Continental
  • Delphi Automotive
  • Denso
  • Freescale Semiconductors
  • Gentex
  • international Harman
  • Hello
  • Hyundai Mobi
  • Magna International
  • mobileye
  • NVIDIA
  • panasonic
  • Joyson Security Systems
  • Texas Instruments
  • TRW Automotive
  • Valeo

Inquire for the cost of the chapter: https://reports.valuates.com/request/chaptercost/QYRE-Auto-621/Global_Advanced_Driver_Assistance_Systems_ADAS_Market

Buy Now for Single User + Covid-19 Impact: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-621&lic=single-user

SUBSCRIPTION

We have set up a tailor-made subscription for our customers. Please leave a note in the comment section to learn about our subscription plans.

SIMILAR REPORTS

  • The Global Automotive ADAS market the size should reach 169840 million USD by 2027, $31,340 million in 2020, at a CAGR of 27.0% over the period 2021-2027.
  • The Global Driver Assistance Systems (DAS) Market the size should reach 85110 million USD by 2028, $28,240 million in 2021, at a CAGR of 16.6% over the period 2022-2028.
  • In 2020, the world Drone market the size was $4350.27 million and it is expected to reach $5437 million by the end of 2027 growing at a CAGR of 3.94% over the period 2021-2027.
  • Global and Japanese Sensor Market Overview for ADAS, Forecast to 2027
  • Global Motorcycle ADAS Market Overview and Forecast to 2028
  • Global and Chinese Vision-Based Advanced Driver Assistance Systems (ADAS) Market Overview, Forecast to 2027
  • Global Advanced Motorcycle Assistance System (ADAS) Market Size, Status and Forecast 2021 – 2027
  • Global ADAS Camera Market Overview and Forecast to 2028
  • Global and Chinese Automotive ADAS Sensor Market Overview, Forecast to 2027
  • Global Vision-Based Advanced Driver Assistance Systems (ADAS) Sales Market Report 2021
  • Global ADAS Vehicle Architectures Market Overview and Forecast to 2028

Click here to view related ADAS market reports

About Us:

Valates offers in-depth market insights across various industries. Our extensive reporting repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand the specific requirements of your niche region and that’s why we offer report customization. With our customization in place, you can request any particular information from a report that suits your market analysis needs.

To get a consistent view of the market, data is collected from various primary and secondary sources, at each stage data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detailed research methodology used to generate the report. Please also contact our sales team for a full list of our data sources.

Contact us:

Appreciate the reports
[email protected]
For the United States, call toll free 1-(315)-215-3225
For IST call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter- https://twitter.com/valuatesreports
LinkedIn- https://in.linkedin.com/company/valuesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

SOURCE evaluates reports

Margie D. Carlisle