Advanced Driver Assistance Systems (ADAS) Market 2022-2027 | Worth US$ 42.7 Billion | Growth Rate (CAGR) of 11.1%

The latest report by IMARC Group, titled "Advanced Driver Assistance Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the global advanced driver assistance systems (adas) market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global advanced driver assistance systems (adas) market size reached US$ 23.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 42.7 Billion by 2027, exhibiting a growth rate (CAGR) of 11.1% during 2022-2027. Advanced driver assistance system (ADAS) is an intelligent electronic system integrated with sensors, cameras, radars, and related software. It assists in establishing effective communication between vehicles, vehicle infrastructure systems, and transportation management centers. It also aids in providing vital information about traffic, road closures, and blockages, and congestion levels to drivers. As they offer comfort, safety, and improved vision, their demand is escalating around the world.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Advanced Driver Assistance Systems Market Trends:

Due to increasing traffic congestions and the growing instances of road accidents, there is a significant rise in the sales of vehicles with ADAS across the globe. Moreover, there is an increase in the demand for vehicles with improved safety and security features. This, along with the thriving automotive sector worldwide, is creating a favorable market outlook. Furthermore, socioeconomic factors like the rising global population and inflating income levels are also bolstering the growth of the market.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Competitive Landscape with key players:

• Autoliv Inc.
• Continental AG
• Denso Corporation
• Hyundai Mobis Co. Ltd (Hyundai Motor Group)
• Magna International Inc.
• Mobileye (Intel Corporation)
• Robert Bosch GmbH
• Texas Instruments Incorporated
• Valeo
• ZF Friedrichshafen AG

Key Market Segmentation:

Breakup by Solution Type:

• Adaptive Cruise Control
• Blind Spot Detection System
• Park Assistance
• Lane Departure Warning System
• Tire Pressure Monitoring System
• Autonomous Emergency Braking
• Adaptive Front Lights
• Others

Breakup by Component Type:

• Processor
• Sensors
o Radar
o Ultrasonic
o LiDAR
o Others
• Software
• Others

Breakup by Vehicle Type:

• Passenger Cars
• Commercial Vehicles

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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