According to Advanced Driver Assistance Systems (ADAS) Market 2019 Global Industry Analysis To 2023, report on “Global Advanced Driver Assistance Systems Industry” published by Market Research Future, The Global Advanced Driver Assistance Systems market expected to rise at a CAGR of 12.24% by 2023.
— Advanced Driver Assistance Systems (ADAS) Market 2019 Global Industry Analysis To 2023, report on “Global Advanced Driver Assistance Systems Industry” published by Market Research Future. Global Advanced Driver Assistance Systems (ADAS) Market Information by Technology (Adaptive Cruise Control, Adaptive Front Lights, Intelligent Park Assist, Pedestrian Protection, Blind Spot Detection, Drowsiness Monitor, Head Up Display, Others), Vehicle Type (Passenger Vehicle and Commercial Vehicle), Radar Type (Radar Sensor, Lidar Sensor, Camera Sensor, Ultrasonic Sensor) and Regions – Forecast till 2023.
Major Advanced Driver Assistance Systems (ADAS) Companies covered in the market report include Valeo, Magna International Inc, Robert Bosch Automotive Steering GmbH, Delphi Automotive LLP, HELLA KGaA Hueck & Co., Continental AG, Hitachi Ltd., ZF Friedrichshafen AG, Denso Corporation, Panasonic Corporation, and others.
Free Sample “Advanced Driver Assistance Systems (ADAS) Market Research Report – Global Forecast till 2023” report at: https://www.marketresearchfuture.com/sample_request/4434
Global Market Highlights:
Global Advanced Driver Assistance Systems (ADAS) market has seen remarkable growth; expected to rise at a CAGR of 12.24% and reach $21.921 million by 2023. Advanced driver assistance systems are systems that are developed to increase vehicle safety and enhance the driving experience. Advanced driver assistance is a combination of certain systems that alert the driver to potential problems.
The global advanced driver assistance system market was analyzed and studied by the team of Market Research Future (MRFR) to gain an accurate overview of the market. The study was released in the form of a report, wherein it was mentioned that the global market is expected to garner a compound annual growth rate of 12.24% during the forecast period. The report further states that the market is expected to jump from its previous valuation of USD 9.153 million to USD 21.921 million by the end of the forecast period in 2023.
The varying advancements in tech in the automotive landscape combined with the fast-paced adoption of the same has pushed the growth of the market towards an upward growth trajectory. The trend is most likely to continue in the coming years as reported by MRFR. Advanced driver assistance systems are gaining traction of the market due to enhanced driving experience. Additionally, it offers different features such as automated lighting, automatic brake, incorporates traffic warnings, adaptive cruise control, connection with smartphones, danger alert, etc. These are projected to favor the proliferation of the advanced driver assistance system market over 2023. Other factors responsible for the growth of the advanced driver assistance system market include mandating enforcements by governments, booming automotive sector, increasing disposable income, etc.
The global advanced driver assistance systems market segments into the following categories for the convenience of understanding: technology, radar type, and technology.
By technology, the advanced driver assistance systems market has been segmented into adaptive cruise control, adaptive front lights, intelligent park assist, pedestrian protection, blind spot detection, drowsiness monitor, head up display, and others.
By vehicle type, the global advanced driver assistance systems market is segmented into passenger vehicle and commercial vehicle.
By radar type, the advanced driver assistance systems market has been segmented into radar sensor, lidar sensor, camera sensor, and ultrasonic sensor.
The global advanced driver assistance systems market is regionally segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa.
The global market is projected to grow during the forecast period in considerable fashion. The North American region holds the highest share in the global market and is expected to grow further in the near future. The regional market is primarily contributed by the United States of America. The presence of various major manufacturers herein coupled with the availability of advanced and sophisticated technologies allows the market to flourish further in North America.
The European region is another major market and is projected to grow at a notable pace of 10.58% during the forecast period due to the rising home delivery landscape. The original equipment manufacturers (OEMs) of Europe are laying considerable focus on the safety features of their vehicles to ensure the safe and secure distribution of goods and effective city transportation. This is expected to be a major growth driver of the market in this region. Countries like Germany, France, and the UK hold a significant portion of the market share and contribute to the overall welfare herein.
The Asia Pacific region is another key market area wherein the increasing adoption of passenger vehicles are aiding its growth. The recent shift in preference among the consumers from mileage to vehicle looks, features, and specifications is also anticipated to result in the proliferating demand for the advanced driver assistance systems.
Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
List of Tables:
TABLE 1 GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)
TABLE 2 GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
TABLE 3 GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
TABLE 4 GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY REGION, 2015-2023 (USD MILLION)
List of Figures:
FIGURE 1 KEY TAKEAWAYS OF THE MARKET 15
FIGURE 2 KEY BUYING CRITERIA OF ADVANCED DRIVER ASSISTANCES 15
FIGURE 3 RESEARCH PROCESS OF MRFR 17
FIGURE 4 TOP DOWN & BOTTOM UP APPROACH 19
FIGURE 5 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL ADVANCED DRIVER ASSISTANCE MARKET 21
FIGURE 6 SUPPLY CHAIN: ADVANCED DRIVER ASSISTANCE SYSTEMS 23
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