Advanced Driver-Assistance Systems (ADAS) Market to Witness Robust Expansion by 2028

The global ADAS market is expected to grow at a significant CAGR during the forecast period. ADAS is a rapidly emerging technology and is expected to find a significant growth in the automotive industry to increase safety, comfort, and tracking. Major factors augmenting the growth of the market include the high number of road accidents globally. Most of the road accidents involve human errors which can be reduced by the use of the ADAS system. Due to this, a number of government regulations are introduced in favor of ADAS. For instance, the individual New Car Assessment Program (NCAP) has been introduced by various countries such as Euro NCAP, Chinese C-NCAP, ASEAN NCAP other than Global NCAP. Earlier the technology was employed for high-end cars to provide better comfort. With the increasing focus on safety, the market potential for ADAS has been extended to mid-range cars as well. A major restraint to the market is the additional cost associated with the ADAS. Moreover, the trade war between major automotive export countries such as the US & China, and Japan and South Korea are is also expected to increase the manufacturing cost of the component, which will increase the market value. 

To Request a Sample of our Report on Advanced Driver-Assistance Systems (ADAS) Market:  https://www.omrglobal.com/request-sample/advanced-driver-assistance-systems-market

The ADAS market is segmented on the basis of technology, system, and vehicle type. By technology, the market is segmented into Cameras, LiDAR, Radar, and Wi-Fi. All these find a significant application in a vehicle. LiDAR technology is widely adopted for the self-driving vehicle by companies such as Google (Waymo) and Tesla, which is expected to provide a significant market growth to the segment. Radar technology is widely used for a short distance and will find significant growth due to the shift from 20s GHz technology to 70s GHz technology in the upcoming period. By vehicle type, the market is segmented into two-wheelers, passenger cars, commercial vehicles, and construction equipment. The passenger vehicle segment is expected to have a major market share along with a considerable growth rate during the forecast period. 

By system, the market is divided into Adaptive Cruise Control, Intelligent Park Assist, Electronic Stability Control, Automatic Emergency Braking, Blind Spot Detection, Driver Monitoring System, Forward Collision Warning, Lane Departure Warning, Night Vision System, Pedestrian Detection System, and Others.  Among these, Adaptive cruise control, Electronic stability system, and Intelligent Park Assist are expected to have a major market during the forecast period. Regulations related to these technologies have been already introduced in various economies including the US, and European countries.

A full Report of Advanced Driver-Assistance Systems (ADAS) Market is Available @  https://www.omrglobal.com/industry-reports/advanced-driver-assistance-systems-market

ADAS Market Segmentation

By Technology

·        Camera 

·        LiDAR

·        Radar

·        WiFi

By System

·        Adaptive Cruise Control (ACC)

·        Intelligent Park Assist (IPA)

·        Automatic Emergency Braking (AEB)

·        Blind Spot Detection (BSD)

·        Driver Monitoring System (DMS)

·        Forward Collision Warning (FCW)

·        Lane Departure Warning (LDW)

·        Night Vision System (NVS)

·        Pedestrian Detection System (PDS)

·        Other (Cross Traffic Alert, Road Sign Recognition, Adaptive Front Light)

By Vehicle Type

·        Two-Wheeler

·        Passenger Cars

·        Commercial Vehicle 

·        Construction Equipments 

Regional Analysis                                                                                                                                                                            

North America

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

Company Profiles

·        AImotive GmbH 

·        Aisin Seiki Co., Ltd

·        Ambarella Inc 

·        Aptiv PLC

·        Autoliv Inc

·        Blackberry Ltd.

·        Cognitive Technologies Inc.

·        Continental AG 

·        Denso Corp. 

·        Ficosa International SA

·        HELLA GmbH & Co. KGaA

·        Hitachi Automotive Systems, Ltd.

·        Hyundai Mobis Co Ltd

·        Infineon Technologies AG

·        Intel Corp.

·        Magna International Inc. 

·        NVIDIA Corp

·        Robert Bosch GmbH

·        Samsung Electronics Co., Ltd.

·        Valeo SA

·        Velodyne Lidar 

·        ZF Friedrichshafen AG

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/advanced-driver-assistance-systems-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Comments

Post a Comment

Popular posts from this blog

European Data Backup and Recovery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

  European Data Backup and Recovery Market are expected to reach $5.7 billion in 2027, growing at a CAGR of 9.5% during the forecast period (2021-2027). Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization. Regulations regarding the data localization such as GDPR by the European Union and countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain. These economies are part of the European Union, which covers most of the continent. The aim of the European Union was to increase economic cooperation and encourage free trade among countries. To Request a Sample of our Report on European Data Backup and Recovery Market :   https://www.omrglobal.com/request-sample/european-data-backup-recovery-...
Read more

Insect Repellent Market Is Likely to Experience a Tremendous Growth by 2031

This informative Insect Repellent Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this Insect Repellent Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help o...
Read more

Asia-Pacific Urban Air Mobility Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market. To Request a Sample of our Report on Asia-Pacific Urban Air Mobility Market :   https://www.omrglobal.com/request-sample/asia-pacific-urban-air-mobility-market Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the As...
Read more