Advanced Driver Assistance Systems (ADAS) Market To Reach USD 129.76 Billion By 2026
Market Summary Market Size – USD 19.57 Billion in 2018, Market Growth - CAGR of 22.57%, Market Trends – Growing automotive industry has proliferated the rising need for safety of the vehicle as well as the passengers, thus in turn foserting the growth of the Advanced Driver Assistance Systems market. According to the current analysis of Reports and Data, the global Advanced Driver Assistance Systems (ADAS) market was valued at USD 19.57 Billion in 2018 and is projected to grow at a CAGR of 22.57% from 2019 to 2026. Advanced Driver Assistance Systems (ADAS) are electronic systems that help the driver of the vehicle to drive or park the vehicle. Further key findings from the report suggest•
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Passenger car segment is forecasted to occupy the largest share of the market in 2026 on account of rising demand for vehicles from the customers. Reforms related to the scrapping of conventional powered vehicles and the switch to electric cars is the major factor attributing to the large share of the segment. The Passenger vehicle segment accounted to USD 5.13 Billion in the European region in 2018. Rising automotive industry in countries like China, India will witness fast growing demand for ADAS over the forecasted period. The Global Advanced Driver Assistance Systems (ADAS) market is forecast to grow at a rate of 22.57% CAGR to reach a valuation of USD 129.76 Billion in 2026.
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Key Players: Robert Bosch GmbH (Germany), Continental International (Germany), ZF Friedrichshafen (Germany), Aptiv (Ireland), Intel (US), Denso (Japan), Hyundai Mobis (South Korea), Valeo (France), Magna (Canada), Samsung (South Korea), and Hella (Germany). Segmentation: • System (Revenue, USD Million; 2016–2026), Adaptive Cruise Control, Adaptive Front Light, Automatic Emergency Braking, Blind Spot Detection, Cross Traffic Alert, Driver Monitoring System, Forward Collision Warning, Intelligent Park Assistance, Lane Departure Assistance, Night Vision System, Pedestrian Detection System, Road Sign Recognition, Traffic Jam Assist, Others • Component (Revenue, USD Million; 2016–2026), Hardware, Software • Type (Revenue, USD Million; 2016–2026), Image Sensor, LiDAR Sensor, Ultrasonic Sensor, Infrared Sensor, Radar Sensor, Laser, Capacitive Sensor, others • Vehicle (Revenue, USD Million; 2016–2026), Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV) • Propulsion (Revenue, USD Million; 2016–2026), Electric, Petrol, Diesel
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Regional Advanced Driver Assistance Systems (ADAS) Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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The report emphasizes the following key questions: • Q.1. What are the most lucrative and promising growth prospects for the market? • Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4. Which factors are impacting the future of the market and what are the driving factors? • Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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