Global Advanced Driver Assistance Systems (ADAS) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

The Global Advanced Driver Assistance Systems (ADAS) Market report Overview:

“The global Advanced Driver Assistance Systems (ADAS) Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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The Global Advanced Driver Assistance Systems (ADAS) Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The report offers insightful and detailed information regarding the various key placcccccccccyers operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global advanced driver assistance systems (ADAS) market report has been segmented on the basis of solution, sensor type, vehicle type, and region.

Advanced driver assistance system is a vehicle based intelligent safety system that offers assistance to driver in terms of road safety and also aids better driving experience.  Advanced driver assistance system offers various other features such as adaptive cruise control, automate lighting, lane monitoring, etc.

Government regulations in various countries, towards mandatory deployment of advanced intelligent systems in vehicles is a major factor driving growth of the global advanced driver assistance systems (ADAS) market.

In addition, increasing number of road accidents and increasing need for advanced vehicle safety system are some other factors driving growth of the global market. Moreover, integration of human machine interface with advanced driver assistance system can create potential business opportunities for major suppliers and automakers in the global market over the forecast period.

High manufacturing and installation costs are major factors hampering growth of the global advanced driver assistance system (ADAS) market. In addition, faulty sensors and lack of awareness in some underdeveloped and developing countries are other factors expected to hamper growth of the global advanced driver assistance systems (ADAS) market to a certain extent over the next 10 years.

North America market accounted for highest market share in terms of revenue in the global advanced driver assistance systems (ADAS) market, owing to presence of major ADAS suppliers, especially in the US.

The Europe advanced driver assistance systems (ADAS) market is expected to witness considerable growth owing to presence of major automotive manufacturers in countries in this region. The market in Asia Pacific is expected to witness significant growth over next 10 years, owing to rising demand for automotive safety systems and rising incidences of road accidents in countries in the region.

Global advanced driver assistance systems (ADAS) market segmentation:

Segmentation on the basis of solution:

• Adaptive Cruise Control
• Blind Spot Detection System
• Park assistance
• Lane Departure Warning System
• Tire Pressure Monitoring System
• Autonomous Emergency Braking
• Adaptive Front Lights
• Others

 Segmentation on the basis of sensor type:

• Radar
• Ultrasonic
• LiDAR
• Others

 Segmentation on the basis of vehicle type:

• Passenger car
• Commercial vehicle

Segmentation by region:

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