Automotive Advanced Driver Assistance Systems Market size was valued at USD 28.1 Bn. in 2021 and the total revenue is expected to grow at 12.2% of CAGR through 2022 to 2029, reaching USD 70.57 Bn.
Pune, 8,Dec, 2022: The report analysed by Maximize Market research, on Automotive Advanced Driver Assistance Systems Market covers an extensive regional analysis and competitive landscape. Over the forecast period, Maximize Market research expects, the market to growth from USD 28.1Bn in 2021 to USD 70.57 Bn in 2029 at a CAGR of 12.2%.
Automotive Advanced Driver Assistance Systems Market Scope and Research Methodology
The reports Provides and proper analysis of the market till forecast period. Automotive Advanced Driver Assistance Systems Market report also goes into great detail about the drivers, challenges, restraints, and challenges in the Market. The report investigates current market trends and highlights to assist clients in exploring opportunities and developing market strategies
The bottom-up approach was employed to validate the market size in terms of value and volume by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was collected from a list of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
SWOT analysis was conducted to provide the strengths and weaknesses of Automotive advanced driver assistance systems Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the automotive advanced driver assistance systems Market. Thus the report provides a detailed overview of the AADS Market.
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Automotive Advanced Driver Assistance Systems Market Overview
ADAS (Advanced Driver Assistance Systems) are electronic system design to assist the driver. The growing demand for advanced driver assistance systems (ADAS) in compact passenger cars is expected to be an important factor to increase the market growth. It is advanced technologies to perceive the environment and system around vehicle to enable driver to take necessary actions. Due to increasing government regulation for implementation of ADAS in vehicle is expected to drive further growth. Innovation in technology and upgrading safety mandates and increasing demand for semi-autonomous driving systems are expected to drive the ADAS market
Automotive Advanced Driver Assistance Systems Market Dynamics
The self-driving car is expected to have features such as lane monitoring, stability control, emergency braking and many others. Advance technology in automotive vehicle use LIDAR, radar, ultrasound sensors, and high definition camera to collect data and guide the automation. This reports give a deep information about current advance technology and upcoming autonomous vehicles and their impact on the ADAS market.
Most importantly increasing awareness of vehicle safety rating and lower cost of component used in vehicle like widespread use of camera and radars are expected to act as a key driver for ADAS market. Demand for camera, sensors, cameras, radar sensors, ultrasonic sensors, and LIDAR are also expected to increase during the forecast period.
Automotive Advanced Driver Assistance Systems Market Regional Insights
ADAS market in Asia Pacific is dominated by China in 2021 and followed by South Korea and Japan standing on second and third position respectively. High production in china, South Korea and Japan helps in expansion in the Asia Pacific region. Some manufacturing brands like Mercedes-Benz, Volkswagen, and General Motors have shifted their production plants to these countries. It accelerate the growth if ADAS market in this region.
In Asia Pacific market japan Ministry of Land, Infrastructure, Transport, and Tourism (MLITT) has plan for all new passenger cars to have AEB by November 2021 and by 2022 the Indian Ministry of Road Transport and Highways intended to implement ADAS features in country. In initial phase some features like electronic stability control and automatic emergency braking were taken into consideration.
Automotive Advanced Driver Assistance Systems Market Segmentation
- Adaptive Cruise Control (ACC)
- Adaptive Front Light (AFL)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Cross Traffic Alert (CTA)
- Driver Monitoring System (DMS)
- Forward Collision Warning (FCW)
- Intelligent Park Assist (IPA)
- Lane Departure Warning (LDW)
- Night Vision System (NVS)
- Pedestrian Detection System (PDS)
- Road Sign Recognition (RSR)
- Tire Pressure Monitoring System (TPMS)
- Traffic Jam Assist (TJA)
- Camera Unit
- Radar Sensor
- Ultrasonic Sensor
- Infrared Sensor
- Passenger Car
- Light Commercial Vehicle
- North America
- Asia Pacific
- Middle East and Africa
- South America
Automotive Advanced Driver Assistance Systems Market Key Manufacturers include:
- Continental,Aptiv (Delphi Automotive)
- Robert Bosch
- Delphi Automotive
- Continental AG
- Intel (US)
- Aptiv (UK)
- NXP Semiconductor
- Texas Instruments
- Panasonic Corporation
- Magna International Inc.
- Renesas Electronics Corporation
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Key questions answered in the Automotive Advanced Driver Assistance Systems Market are:
- What is Artificial Turf?
- What is the growth rate of Automotive Advanced Driver Assistance Systems Market for the next five years?
- What is the nature of competition in Automotive Advanced Driver Assistance Systems industry in developed and developing economies?
- Who are the key players in the Automotive Advanced Driver Assistance Systems Market?
- Who are the market leaders in Automotive Advanced Driver Assistance Systems in Europe
- Who are the market leaders in Automotive Advanced Driver Assistance Systems in USA and Canada
- Who are the market leaders in Automotive Advanced Driver Assistance Systems in India, China, Japan and South Korea?
- What are the factors affecting growth in the Automotive Advanced Driver Assistance Systems Market?
- Who held the largest market share in Automotive Advanced Driver Assistance Systems Market?
- What are the factors for the growth of Asia-Pacific region in Automotive Advanced Driver Assistance Systems market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Segment and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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