The Advanced Driver Assistance System (ADAS) Market was valued at USD 22.5 billion in 2021. The market is projected to grow USD 47 billion in 2028, at a CAGR of 11.10%.
The most recent study report on the Global Advanced Driver Assistance System (ADAS) Market Research 2022-2028 exclusively discusses upcoming trends as well as an in-depth analysis of the global Advanced Driver Assistance System (ADAS) market's regional landscape. Furthermore, the global Advanced Driver Assistance System (ADAS) market report evaluates comprehensive details related to demand and supply rate, prominent contribution by leading industry manufacturers, Advanced Driver Assistance System (ADAS) market share, and Advanced Driver Assistance System (ADAS) industry growth rate.
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Throughout this study, extensive secondary research was conducted to gather information about the global Advanced Driver Assistance System (ADAS) market. Furthermore, primary research has been conducted to support the stated assumptions and findings about individual businesses. The Advanced Driver Assistance System (ADAS) market research report is said to be an elementary insightful data about the topological landscape of the companies and respective businesses that have accumulated a highly esteemed place in the global Advanced Driver Assistance System (ADAS) market.
We have also provided basic information on its key manufacturers' revenue share, production, consumption volume, sales price, import & export, and gross margin. Furthermore, the Advanced Driver Assistance System (ADAS) market has been segmented based on upstream raw materials, definitions, downstream consumers, and equipment analysis. The global Advanced Driver Assistance System (ADAS) market report also includes information on upcoming trends, the competitive landscape, Advanced Driver Assistance System (ADAS) market influencing factors, and key statistics for a specific industry.
The global Advanced Driver Assistance System (ADAS) market report has been segmented by application, major manufacturers, product types, and topological zones in order to optimize various industrial approaches, marketing tactics, and global and regional sales impacts on the Advanced Driver Assistance System (ADAS) market. The Advanced Driver Assistance System (ADAS) market report thoroughly examines several significant parameters such as Advanced Driver Assistance System (ADAS) market share, investments, revenue growth, globalized demand and supply factors. The research paper also compares the Advanced Driver Assistance System (ADAS) market's production value and growth rate across different geographies. Furthermore, it focuses on leading consumers, consumption, product capacity, market share, and expected growth opportunities.
COVID-19 ANALYSIS
The COVID-19 pandemic has had an adverse effect on the global advanced driver assistance systems (ADAS) market. The major concern was the limited supply of vehicle parts along with the distribution channel which has impacted the automotive vertical due to trade and legal restrictions, closed borders, and shortage of required parts. Vehicle production and sales have been impacted badly owing to the decrease in new vehicle sales because implementing various curb measures such as curfew, closing manufacturing plants, dismissal of short-time workers. Although, the Covid-19 impact is coping with the current market. For instance, In April 2021, Toyota has acquired Lyft’s autonomous car division by expanding their product line and commercializing the autonomous vehicles under the Woven Planet, which is a subsidiary of Toyota.
Top Players involved in this report are:
Robert Bosch GmbH (Gerlingen, Germany)
Continental AG (Hanover, Germany)
ZF Friedrichshafen AG (Friedrichshafen, Germany)
DENSO CORPORATION. (Aichi, Japan)
Aptiv PLC (Dublin, Ireland)
Valeo SA (Paris, France)
Magna International Inc. (Aurora, Canada)
Aisin Seiki Co. Ltd (Aichi, Japan)
Autoliv Inc. (Stockholm, Sweden)
GENTEX CORPORATION (Michigan, U.S.)
Harman International (Connecticut, U.S.)
Hyundai Mobis (South Korea)
NXP Semiconductor (Eindhoven, Netherlands)
Mobileye (Jerusalem, Israel)
Panasonic Corporation (Osaka, Japan)
Renesas Electronics Corporation (Tokyo, Japan)
Global Advanced Driver Assistance System (ADAS) Market segmentation by Types:
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
The Application of the Advanced Driver Assistance System (ADAS) market can be divided as:
Passenger Car
Light Commercial Vehicle
Buses, and Trucks
Geographical outlook of this report:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Advanced Driver Assistance System (ADAS) market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Advanced Driver Assistance System (ADAS) industry players in accordance with product picture and its portfolios, Advanced Driver Assistance System (ADAS) market plans, and technology. We have also mentioned strength and weaknesses of the Advanced Driver Assistance System (ADAS) market alongside the competitive benefits which improves productivity and efficiency of the companies.
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