You are here

Advanced Driver Assistance System ADAS Market Development Strategy and Forecast 2027

manisha's picture
Submitted by manisha on Fri, 05/26/2023 - 18:18

Because of the rise in traffic accidents, there is a greater demand for safety features such as parking assistance, collision avoidance systems, lane departure warning, traction control, electronic stability control, tire pressure monitoring, airbags, and telematics. Vehicles equipped with the ADAS system can recognize and classify certain road objects, inform the driver based on road conditions, and, in some situations, automatically slow down or stop the vehicle. The number of people killed in car accidents has risen dramatically. According to the World Health Organization, around 1.25 million people die in traffic accidents each year. Furthermore, the number of fatal road accidents among teenagers is higher. These elements are driving the demand for car safety features. Automobile manufacturers are designing and deploying safety measures to fulfill the needs of their customers.
Advanced Driver Assistance System ADAS Market Scope and Research Methodology:
The objective of the report is to analyses and forecast the Advanced Driver Assistance System ADAS market size. The market report includes strategic profiling of significant market participants in order to accurately depict the competitive environment for the global Advanced Driver Assistance System ADAS market. it includes a detailed analysis of new product launches, acquisitions, mergers, and joint ventures, brands and key players in the Advanced Driver Assistance System ADAS industry. The report provides information on industry trends and developments, market dynamics and their potential, which helps experts to stay up to date on the most recent trends and sector performance, predicting growth and decline in Advanced Driver Assistance System ADAS market share during the forecast period. To know the Advanced Driver Assistance System ADAS industry in detail, primary and secondary research methods were used and for accurate finding various methodologies such as the PESTLE, PORTER, and SWOT analysis were used. SWOT analysis was employed to provide strengths, weaknesses, opportunities and challenges for Advanced Driver Assistance System ADAS key players in the industry. PORTER and PESTLE analysis helps to understand the microeconomic and macroeconomic factors affecting the Advanced Driver Assistance System ADAS industry. 
Advanced Driver Assistance System ADAS Market Report Overview:
The report thoroughly covers analysis of insights in view of the Advanced Driver Assistance System ADAS Market along with its ever-changing patterns, industry environment, and all dominant aspects of the market. A detailed analysis of key players is also provided in the Advanced Driver Assistance System ADAS market report. 
Advanced Driver Assistance System ADAS Market size was valued at US$ 18.85 Billion in 2020 and the total Advanced Driver Assistance System (ADAS) Market revenue is expected to grow at 16.5% through 2021 to 2027, reaching nearly US$ 54.90 Billion.
To Get A Copy Of The Sample Of The Market, Click Here: 
Advanced Driver Assistance System ADAS Market Segmentation:
Leading OEMs incorporate ADAS technologies to improve security and attract more customers. As a result, standardize safety systems across models or offer them as an optional feature. The main drivers driving the growth of the ADAS market are increased safety awareness and an increase in the number of accidents, and demand for radar sensors is increasing in major nations such as China, the United States, and Europe. The use of 24GHz radar in the 5GHz band is prohibited by the Federal Communications Commission (FCC) and the European Telecommunications Standards Institute (ETSI). After 2022, the 24 GHz band will no longer be available in Ultra Wide Band (UWB). To increase dependability and regulatory compliance, major OEMs and Tier 1 auto parts manufacturers are transitioning to long-range 77 GHz radar. This should enhance demand for radar sensors in the market for advanced driver assistance systems (ADAS). Furthermore, rising interest in collision avoidance systems in semi-automatic driving systems is likely to boost demand for radar sensors over the projection period.
The passenger car category is a significant contributor to the market for advanced driver assistance systems (ADAS). increasing traffic safety requirements, legal support, and increasing consumer awareness can all lead to increased demand for safety technologies in growing economies. Furthermore, certain nations in Europe, North America, and Asia Pacific have enacted legislation requiring various types of ADAS to be fitted in passenger vehicles. For example, the European Union has proposed Vision Zero, a plan to eliminate traffic fatalities by 2050. The organization has set a target of cutting casualties by half by 2030. The strategic plan also calls for mandatory lane departure warning, autonomous emergency braking, and tiredness and attentiveness monitoring in new vehicles by 2022.
Advanced Driver Assistance System ADAS Market Key Players:
Valeo (France)Magna International (Canada)Hyundai Mobis (South Korea)Veoneer (Sweden)Robert Bosch (Germany)Continental AG (Germany)Denso (Japan)Aptiv (UK)ZF Friedrichshafen (Germany)Autoliv Inc. (Sweden)NXP Semiconductors (Netherlands)Panasonic Corporation (Japan)Renesas Electronics Corporation (Japan)Texas Instruments (USA)Delphi Automotive Company (USA)Hyundai Mobis (South Korea)Takata Corporation (Japan)ZF Friedrichshafen AG (Germany)Aisin Seiki Co., Ltd. (Japan)Mobileye N.V (Jerusalem)Harman International Industries (USA)NVIDIA Corporation(USA)Hitachi Ltd. (Japan)Stonkam Co., Ltd. (China)
Advanced Driver Assistance System ADAS Market Regional Analysis:
The report is segmented into several key countries, with market size, growth rate, import and export of Advanced Driver Assistance System ADAS market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Key Questions answered in the Advanced Driver Assistance System ADAS Market Report are:

  • Which segment grabbed the largest share in the Advanced Driver Assistance System ADAS market?
  • Which segment is expected to grow at a high rate during the forecast period?
  • How is the competitive scenario of the Advanced Driver Assistance System ADAS market?
  • Which are the key factors driving the Advanced Driver Assistance System ADAS market growth?
  • Which region holds the maximum share in the Advanced Driver Assistance System ADAS market?
  • What will be the CAGR of the Advanced Driver Assistance System ADAS market during the forecast period?
  • Which are the prominent players in the Advanced Driver Assistance System ADAS market?

Request for Free Sample Pages: 
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
Contact Stellar Market Research, 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud,
Pune, Maharashtra, 411029
+91 20 6630 3320    +91 9607365656