Advanced Driver Assistance Systems Market Overview
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 $29,793.4
Million in 2023 to 85,915.2 million in 2032 at a CAGR of 12.5%. 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.
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.
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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