Advanced Driver Assistance System (ADAS) Market – Industry Analysis and Forecast (2019-2027)
Maximize Market Research's latest report, " Advanced Driver Assistance System (ADAS) Market Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Advanced Driver Assistance System (ADAS) Market was valued US$ 27.48 Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX %
Advanced Driver Assistance System (ADAS) Market Overview
An increase in the traffic safety issues coupled with boosting monitoring standards regarding the installation of these systems are expected to drive the growth in the global advanced driver assistance system (ADAS) market. An increase in demand for luxury and premium vehicles across the globe is expected to increase the adoption of ADAS, which helps to rise the product penetration.
The Shifting preference of OEMs towards image sensors are expected to contribute a significant share in global Advanced Driver Assistance System (ADAS) Market growth. It is attributed to their high pixel quality over the traditional automobile cameras, further increasing demand for various applications in the blind spot detection, surround view, and park assist systems.
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Advanced Driver Assistance System (ADAS) Market Major Market Players
• Bosch Group
• Autoliv AB
• Delphi automotive
• Denso
• Continental Ag
• Harman International
• Magna International Inc.
• Gentex Corporation
• Mobileye N.V.
• Hyundai Mobis
• Hella
• Takata Corporation
• TRW Automotive
• Renesas Electronics Corporation
• Robert Bosch GmbH
• Valeo
• Panasonic Corporation
• Texas Instruments
• Aisin Seiki Co.
• NVIDIA Corporation
• ZF Friedrichshafen
• Intel
• Samsung
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Advanced Driver Assistance System (ADAS) Market by Types and Applications:
Global Advanced Driver Assistance System (ADAS) Market, By Technology:
• Adaptive Cruise Control
• Automatic High Beam Control
• Autonomous Park Assist
• Blind Spot Detection
• Driver Monitoring
• Forward Collision Warning
• Front Lighting
• AEB
• Night Vision
• Head Up Display
• Lane Departure Warning
• Park Assist
• Surround View System
• Traffic Sign Recognition
• Tire Pressure Monitoring System
Global Advanced Driver Assistance System (ADAS) Market, By Sensor:
• LiDAR
• Infrared
• Ultrasonic
• RADAR
• Image Sensor
Global Advanced Driver Assistance System (ADAS) Market, By Vehicle:
• Passenger Car Vehicle(PCV)
• Light Commercial Vehicle(LCV)
• Heavy Commercial Vehicle(HCV)
Global Advanced Driver Assistance System (ADAS) Market, By Distribution Channel:
• OEM
• Aftermarket
Global Advanced Driver Assistance System (ADAS) Market, By Geography:
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
The report has covered the market size by country (regions) for the Advanced Driver Assistance System (ADAS) market.
Analysis of the Advanced Driver Assistance System (ADAS) Market Share and Competitive Landscape:
This report provides a detailed analysis of the Advanced Driver Assistance System (ADAS) Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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