Automotive Advanced Driver Assistance Systems Market size was valued at USD 31.52 Bn. in 2022 and the total revenue is expected to grow at 12.2% of CAGR through 2023 to 2029, reaching USD 70.57Bn.
Automotive Advanced Driver Assistance Systems Market Overview
The report on Automotive Advanced Driver Assistance Systems Market provides a comprehensive overview, encompassing market segmentation based on Segmentation and region. It estimates the market’s value for the forecasted period, highlighting major opportunities, CAGR, and annual growth rate.
Automotive Advanced Driver Assistance Systems Market Report Scope and Research Methodology
The research for this report incorporates a comprehensive market segmentation, covering type, application, form, and region of the Automotive Advanced Driver Assistance Systems Market. It estimates the market in terms of USD value for the forecasted period, providing major opportunities, Compound Annual Growth Rate (CAGR), and annual growth rate. The report adopts a bottom-up approach to accurately estimate the Automotive Advanced Driver Assistance Systems Market size. Data from both international and domestic markets are analysed, including landscape analysis, trade insights, and key regions of development, ensuring a thorough market analysis. Additionally, the report includes product development details, such as current technologies, new product launches, and research and development activities, all of which contribute to market growth. For a deeper understanding of market strategies, business segmentation, and the geographic region of major players, the report offers an in-depth analysis.
Automotive Advanced Driver Assistance Systems Market Regional Insights
North America dominated the largest market share in 2022 and is expected to significantly grow during the forecast period. Asia Pacific is a fast-growing region in a Automotive Advanced Driver Assistance Systems market. Europe expected a sustainable growth during the forecast period.
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Automotive Advanced Driver Assistance Systems Market Segmentation:
1. Automotive Advanced Driver Assistance Systems Market, by System (2023-2029)
• 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)
The demand for advanced safety systems like ADAS in automobiles is expected to increase, which would benefit the market for night vision systems. The market for night vision systems is expected to be driven by the rise in vehicle production and the demand for better night vision in vehicles to improve driver visibility. The night vision system considerably reduces the unsuitable visual complexity of the car, increasing safety and reducing nighttime vehicle collisions. The benefits outlined above are also anticipated to boost demand for vehicle night vision systems during the forecast period. Each auto player in every nation tracks growth parameters at the micro level. Due to the manufacturers’ emphasis on combining the two systems, visibility has increased.
2. Automotive Advanced Driver Assistance Systems Market, by Component (2023-2029)
• Camera Unit
• LiDAR
• Radar Sensor
• Ultrasonic Sensor
• Infrared Sensor
In order to improve safety ratings and attract more customers, significant OEMs are incorporating ADAS technologies. They either standardize safety systems across models or make them available as options as a result. The ADAS market is primarily being driven by rising safety consciousness and an uptick in accidents, which has led to a surge in demand for radar sensors in nations like China, the United States, and key European nations. The European Commission and the US Federal Communications Commission (FCC)
3. Automotive Advanced Driver Assistance Systems Market, by Vehicle (2023-2029)
• Passenger Car
• Light Commercial Vehicle
• Truck
• Bus
The passenger car industry has a big impact on the ADAS market. The demand for safety systems has increased in emerging economies as a result of stricter traffic laws, supportive legislation, and consumer awareness. Furthermore, several countries in Europe, North America, and the Asia-Pacific have enacted regulations requiring the use of various ADAS in the market for passenger cars. An example is the European Union’s Vision Zero program, which aims to eliminate traffic fatalities by the year 2050. The authority wants to reduce injuries and fatalities by 50% by 2030. By 2022, new automobiles will be required to have critical safety technologies like autonomous emergency braking, lane departure warning, and fatigue & attentiveness monitoring.
Automotive Advanced Driver Assistance Systems Market Key Players:
1.Valeo(France)
2. Autoliv (Sweden)
3. Audi( Germany)
4.BMW(Germany)
5.Robert Bosch(Germany)
6. Continental AG(Germany)
7.Aptiv (Delphi Automotive)(Germany)
8.Intel (US)
9. Texas Instruments(US)
10. Aptiv (UK)
11. Delphi Automotive(UK)
12. NXP Semiconductor(Netherlands)
13.Panasonic Corporation(Japan)
14.Denso(Japan)
15. Renesas Electronics Corporation(Japan)
16.Magna International Inc.(Canada)
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Key questions answered in Automotive Advanced Driver Assistance Systems Market are:
- Who are the key players in the Automotive Advanced Driver Assistance Systems market?
- What is the demand pattern for the Automotive Advanced Driver Assistance Systems market?
- What is the expected Automotive Advanced Driver Assistance Systems Market size by the end of the forecast period?
- What are the global trends in the Automotive Advanced Driver Assistance Systems Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Automotive Advanced Driver Assistance Systems Market?
- How is the intervention from regulatory authority is shaping the Automotive Advanced Driver Assistance Systems Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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