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Market Size u2013 USD 26.99 Billion in 2020, Market Growth u2013 at a CAGR of 11.8%, Market Trends u2013 High demand for safer passenger cars.
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Advanced Driver Assistance System (ADAS) MarketReport 2020-2028 www.emergenresearch.com Continuous technological advancements in vehicle safety and driver assist technologies and stringent safety regulations are some key factors driving market revenue growth.
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Market Summary The global Advanced Driver Assistance System (ADAS) market size is expected to reach USD 66.14 Billion at a steady CAGR of 11.8% in 2028, according to latest analysis by Emergen Research. Advanced driver assistance system market revenue growth is driven by rise in demand for safety features in vehicles, implementation of stringent safety regulations, and technological advancements in advanced driver assistance systems. ADAS offers various benefits such as decrease in rate of accidents and reduced damage to property and injury or loss of life. These systems offer more effective safety features designed to improve passengers and pedestrian safety and minimizing accidents and impact severity. Advanced driver assistance systems offer safety features such as collision avoidance system, parking assistance, tire pressure monitoring, traction control, lane departure warnings, electronic stability control, and telematics. Surge in global road accident rates has been resulting in an increase in vehicle and passenger safety technologies and systems. www.emergenresearch.com
Market Summary • Some Key Highlights From the Report • In March 2021, CallPro ADAS solution announced the launch of ADAS IdentiScan. The solution offers detailed guidance and information to collision repair facilities so users can manage the repair and estimation process by recognising the required calibration and ADAS. • Radar-based ADAS provides accurate and reliable details of a vehicle’s surroundings and aid drivers in sensing potential on-road hazards during poor visibility or blocked vision. The system detects and calculates range, positioning, and velocity of approaching vehicles, and notifies the driver. • NXP Semiconductor, in December 2020, announced launch of a suite of radar sensor solutions, which are designed to surround a vehicle with 360-degree protection and enables the classification and identification of imaging radar capabilities. • Key players in the market include Continental AG, Robert Bosch GmbH, Denso, Samsung Electronics, Intel, Hyundai Mobis, ZF Friedrichshafen AG, Magna International Inc., Renesas Electronics Corporation, and Infineon Technologies AG. • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/619 www.emergenresearch.com
Market Summary • Emergen Research has segmented the global advanced driver assistance system market on the basis of offering, component, system, vehicle type, and region: • Offering Outlook (Revenue, USD Billion; 2018–2028) • Hardware • Software • Component Outlook (Revenue, USD Billion; 2018–2028) • LiDAR • Camera Unit • Ultrasonic Sensor • Radar Sensor • Infrared Sensor • Read More@ https://www.emergenresearch.com/industry-report/advanced-driver-assistance-system-market
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