The advanced driver assistance systems market has a wide range of active and passive systems designed to assist the driver by providing comfort, safety, and efficiency while driving. It promotes the safety of the driver, pedestrian, and passenger. It has multiple features like sensors, cameras, radars, and software that helps in function. The emergency braking, park assist, adaptive cruise control, blindspot detection, and lane warning departure system are a few systems included in the ADAS.
Artificial
intelligence has taken the advanced driver assistance system market to the next
level. The expansion in industrialization and urbanization, rise in disposable
income, and improving living standards are impacting the advance
driver assistance system market Size positively during the
predicted period. The global Advanced Driver Assistance Systems (ADAS) Market
is estimated to grow from $27.52 billion in 2021 to $58.59 billion in 2028 at a
CAGR of 10%. The global pandemic Covid-19 has been unusually shocking and
unexpected, with clear aligners witnessing a negative stock demand across the
regions. The covid crisis started disruption in the supply chain and suspension
of vehicle production, which brought a halt in the automotive industry. This is
a result the market went to the decline phase in 2020.
Advanced Driver
Assistance Systems Market Size Key Players
·
ZF Friedrichshafen
AG
·
Hitachi Ltd.
·
HELLA KGaA Hueck
& Co
·
Magna International
Inc
·
Continental AG
·
Valeo
·
Panasonic
Corporation
·
DENSO CORPORATION
Advanced
Driver Assistance Systems Market Size Regional analysis
The Asia
Pacific is estimated to dominate the Advanced Driver Assistance
Systems Market Size due to the high production of vehicles. The market
in the Asia Pacific reached USD 11.37 billion in 2020 and is expected to grow
the largest market share in the upcoming years. The technological advancements
in manufacturing plants in China, India, and others are expected to boost their
market development.
Europe is
mostly predicted to hold the second-largest market share because of the
imposition of stringent emission regulations. This is the factor expected to
boost product adoption, which helps in the growth and development of the Europe
market. In North America, the fastest advanced driver assistance systems,
adoption and the presence of prominent manufacturing companies are expected to
uplift market development.
Advanced
Driver Assistance Systems Market segmentation
The advance
driver assistance system market is segmented under the following
components:-
·
By system type
1.
Adaptive cruise control
2.
Blind spot detection
3. Park
assists
4. Lane
departure warning system.
5.
Autonomous emergency braking
6. Tire
pressure monitoring
7.
Head-up display
8.
Intelligent headlight
9.
E-call system
10.
Forward collision warning
·
By component type
1.
LiDAR
2.
Radar
3.
Camera
4.
Sensor
·
By vehicle type
1.
Passenger cars
2. Light
commercial vehicles (LCV)
3.
Heavy commercial vehicles (HCV)
·
By geography
1.
North America:- U.S. (by vehicle type), Canada, Mexico, Europe, U.K, Germany,
France
2. Asia
Pacific:- China, India, Japan, South Korea
3. Rest
of the World:- Brazil, South Africa, other in a row.
Advanced
Driver Assistance Systems Industry news
·
Global advanced
driver assistance system market size assessed to grow with a note
way rate during 2020-2027.
·
Euro NCAP tests will
soon include scoring of driver assistance systems, and Thatcham Research, the
U.K.’s only Euro NCAP accredited partner, is leading the research.
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