The global advanced driver assistance systems (ADAS) market is estimated to grow at a CAGR of 16.5% during the forecast period. ADAS market will benefit from increased awareness of car safety ratings and lower component prices owing to the widespread use of cameras and radars. ADAS systems are being used by major automakers in order to attain improved safety ratings and attract more customers. As a result, top automakers either standardise safety systems across models or offer them as options. As a result, the demand for components such as cameras, radar sensors, ultrasonic sensors, and LiDAR is expected to increase owing to the rising penetration of sophisticated driver assistance systems features.
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Sensors such as radar sensors, LiDAR, ultrasonic sensors, cameras, infrared, and numerous actuators make up the majority of ADAS safety features. These sensors and actuators keep track of fields in all directions, ensuring the vehicles, drivers, passengers, and pedestrians’ safety. The system’s operation is influenced by a variety of circumstances, including traffic and weather. The safe operation of sophisticated driver assistance systems necessitates a perfect mix of automation and manual override. ADAS must be protected from malevolent hackers in addition to meeting its functional needs. A hacker who gains access to the system may be able to take control of the vehicle. Several investigations have proven that Bluetooth, Wi-Fi, and even GPS may be used to obtain vehicle control.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By System
- By Component
- By Vehicle
- By Level of Autonomy
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Robert Bosch GmbH, Continental AG, and Aptiv plc, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global (ADAS) Advance Driver Assistance Systems Market Report by Segment
By System
- ACC
- DMS
- IPA
- PDS
- TJA
- FCW
- CTA
- RSR
- LDW
- AEB & BSD
By Component
- Radar
- LiDAR
- Ultrasonic
- Camera Unit
By Vehicle
- PC
- LCV
- Bus & Truck
By Level of Autonomy
- L1
- L2&3
- L4
- L5
Global (ADAS) Advance Driver Assistance Systems Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle-East and Africa
A full report (ADAS) Advance Driver Assistance Systems Market of is available at: https://orionmarketreports.com/global-advanced-driver-assistance-systems-adas-market/111134/
Key Questions Answered by (ADAS) Advance Driver Assistance Systems Market Report
- What was the (ADAS) Advance Driver Assistance Systems Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of the (ADAS) Advance Driver Assistance Systems Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the (ADAS) Advance Driver Assistance Systems Market was the market leader in 2022?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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