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 70.57 Bn.
Market Overview:
This study’s purpose is to give an overview of the Automotive Advanced Driver Assistance Systems market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Automotive Advanced Driver Assistance Systems companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Automotive Advanced Driver Assistance Systems market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Automotive Advanced Driver Assistance Systems Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Automotive Advanced Driver Assistance Systems Market Size from a worldwide standpoint, evaluating historical data and forecasts.
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Market Scope:
The report also focuses on the leading industry players in the Automotive Advanced Driver Assistance Systems market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Segmentation:
By System
1.Adaptive Cruise Control (ACC)
2.Adaptive Front Light (AFL)
3.Automatic Emergency Braking (AEB)
4.Blind Spot Detection (BSD)
5.Cross Traffic Alert (CTA)
6.Driver Monitoring System (DMS)
7.Forward Collision Warning (FCW)
8.Intelligent Park Assist (IPA)
9.Lane Departure Warning (LDW)
10.Night Vision System (NVS)
11.Pedestrian Detection System (PDS)
12.Road Sign Recognition (RSR)
13.Tire Pressure Monitoring System (TPMS)
14.Traffic Jam Assist (TJA)
According to the system, a surge in demand for advanced safety systems like ADAS in autos would help the market for night vision systems expand. 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,
By Component
1.Camera Unit
2.LiDAR
3.Radar Sensor
4.Ultrasonic Sensor
5. Infrared Sensor
by Vehicle 1.Passenger Car
2.Light Commercial Vehicle
3. Truck
4.Bus
Important OEMs are integrating ADAS technologies based on the component to raise safety ratings and attract more customers. They either standardise 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)
By Vehicle
1.Passenger Car
2.Light Commercial Vehicle
3. Truck
4.Bus
The use of 24 GHz radar in the 5 GHz spectrum is subject to constraints set by the Telecommunications Standards Institute (ETSI). The 24 GHz frequency band won't be used for ultrawideband (UWB) beyond 2022. Major OEMs and Tier 1 auto component manufacturers are transitioning to long-range 77 GHz radars for increased dependability and regulatory compliance. This is expected to increase demand for radar sensors in the ADAS market. As collision avoidance systems in semi-autonomous driving systems gain greater attention during the predicted period, it is also anticipated that the requirement for radar sensors would grow.
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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Automotive Advanced Driver Assistance Systems market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Automotive Advanced Driver Assistance Systems industry.
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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Table Of Content For Automotive Advanced Driver Assistance Systems Market:
1. Global Automotive Advanced Driver Assistance Systems Market: Research Methodology
2. Global Automotive Advanced Driver Assistance Systems Market: Executive Summary
• Market Overview and Definitions
o Introduction to Global Automotive Advanced Driver Assistance Systems Market
• Summary
o Key Findings
o Recommendations for Investors
o Recommendations for Market Leaders
o Recommendations for New Market Entry
3. Global Automotive Advanced Driver Assistance Systems Market: Competitive Analysis
• MMR Competition Matrix
o Market Structure by region
o Competitive Benchmarking of Key Players
• Consolidation in the Market
o M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o South America
• COVID-19 Impact
4. Global Automotive Advanced Driver Assistance Systems Market Segmentation
• Global Automotive Advanced Driver Assistance Systems Market, by System (2021-2029)
• Global Automotive Advanced Driver Assistance Systems Market, by Component (2021-2029)
• Global Automotive Advanced Driver Assistance Systems Market, by Vehicle(2021-2029)
5. Regional Automotive Advanced Driver Assistance Systems Market(2021-2029)
• Regional Automotive Advanced Driver Assistance Systems Market, by System (2021-2029)
• Regional Automotive Advanced Driver Assistance Systems Market, by Component (2021-2029)
• Regional Automotive Advanced Driver Assistance Systems Market, by Vehicle (2021-2029)
• Regional Automotive Advanced Driver Assistance Systems Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Automotive Advanced Driver Assistance Systems market in these regions.
COVID-19 Impact Analysis on Automotive Advanced Driver Assistance Systems Market
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Automotive Advanced Driver Assistance Systems market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Automotive Advanced Driver Assistance Systems Market Report are:
What will be the CAGR of the Automotive Advanced Driver Assistance Systems market during the forecast period?
Which segment emerged as the leading segment in the Automotive Advanced Driver Assistance Systems market?
Which are the prominent players in the Automotive Advanced Driver Assistance Systems market?
What will be the Automotive Advanced Driver Assistance Systems market size by 2027?
Which company held the largest share in the Automotive Advanced Driver Assistance Systems market?
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