Automotive Advanced Driver Assistance Systems Market size was valued at USD 35.37 Bn. in 2023 and the total revenue is expected to grow at 12.2% of CAGR through 2024 to 2030, reaching USD 79.17 Bn.
Automotive Advanced Driver Assistance Systems Market Overview:
Maximize Market Research is a Business consulting Firm that has published a detailed analysis of the Automotive Advanced Driver Assistance Systems Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Automotive Advanced Driver Assistance Systems market by thorough analysis, and projections are made up to 2030.
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Automotive Advanced Driver Assistance Systems Market Scope and Methodology:
The Automotive Advanced Driver Assistance Systems market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Automotive Advanced Driver Assistance Systems market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the Automotive Advanced Driver Assistance Systems market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Automotive Advanced Driver Assistance Systems market were developed. The study provides a thorough value chain analysis that clarifies the Automotive Advanced Driver Assistance Systems production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Automotive Advanced Driver Assistance Systems market on a global and micro level.
Automotive Advanced Driver Assistance Systems Market Segmentation:
by System
Adaptive Cruise Control (ACC)
Adaptive Front Light (AFL)
Automatic Emergency Braking (AEB)
Blind Spot Detection (BSD)
Cross Traffic Alert (CTA)
Driver Monitoring System (DMS)
Forward Collision Warning (FCW)
Intelligent Park Assist (IPA)
Lane Departure Warning (LDW)
Night Vision System (NVS)
Pedestrian Detection System (PDS)
Road Sign Recognition (RSR)
Tire Pressure Monitoring System (TPMS)
Traffic Jam Assist (TJA)
The growing demand for enhanced safety features like ADAS in cars is expected to fuel growth in the night vision systems market. The market for night vision systems is also expected to be driven by the rise in vehicle manufacturing and the need for better night vision in cars to help drivers see. In addition to increasing safety and reducing nighttime vehicle collisions, night vision equipment greatly reduces the inappropriate visual complexity of the car. The benefits mentioned above are also anticipated to boost demand for car night vision systems throughout the course of the forecast period. Every auto player records growth parameters at the micro level in every nation. Visibility has increased as a result of the manufacturers' emphasis on connecting the two systems.
by Component
Camera Unit
LiDAR
Radar Sensor
Ultrasonic Sensor
Infrared Sensor
ADAS technologies are being implemented by significant OEMs in an effort to boost safety ratings and attract more clients. Consequently, they either provide safety measures as options or standardize them across models. The ADAS market is primarily driven by rising safety awareness and an increase in accidents, which has led to a rise in demand for radar sensors in nations like China, the US, and key European nations. The European Communications Commission and the US Federal Communications Commission
by Vehicle
Passenger Car
Light Commercial Vehicle
Truck
Bus
The passenger car industry has a big influence on the ADAS market. The need for safety systems has increased in emerging economies due to a number of causes, including supportive legislation, increased road safety standards, and consumer awareness. Furthermore, several countries in Asia Pacific, North America, and Europe have enacted legislation mandating the use of various ADAS in the passenger car industry. For example, the European Union has presented Vision Zero, a plan to eliminate traffic deaths by 2050. The authority aims to reduce fatalities and injuries by 50% by 2030. According to the strategic plan, by 2023, new cars must have critical safety technologies including lane departure warning, automated emergency braking, and fatigue and attentiveness monitoring.
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Automotive Advanced Driver Assistance Systems Market Key Players:
1.Valeo(France)
2.Autoliv(Sweden)
3. Audi( Germany)
4.BMW(Germany)
5.Robert Bosch(Germany)
6. Continental AG(Germany)
7.Aptiv (Delphi Automotive)(Germany)
8.Intel (US)
9. Texas Instruments(US)
10. Aptiv (UK)
11. Delphi Automotive(UK)
12. NXP Semiconductor(Netherlands)
13.Panasonic Corporation(Japan)
14.Denso(Japan)
15. Renesas Electronics Corporation(Japan)
16.Magna International Inc.(Canada)
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Automotive Advanced Driver Assistance Systems Market Regional Insights :
The size and trends in the Automotive Advanced Driver Assistance Systems market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Key questions answered in the Automotive Advanced Driver Assistance Systems Market are:
- What is Automotive Advanced Driver Assistance Systems?
- What was the Automotive Advanced Driver Assistance Systems market size in 2023?
- Which are the factors expected to drive the Automotive Advanced Driver Assistance Systems market growth?
- Who are the leading companies and what are their portfolios in Automotive Advanced Driver Assistance Systems Market?
- What growth strategies are the players considering to increase their presence in Automotive Advanced Driver Assistance Systems?
- What are the upcoming industry applications and trends for the Automotive Advanced Driver Assistance Systems Market?
- What will be the CAGR at which the Automotive Advanced Driver Assistance Systems market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Advanced Driver Assistance Systems Market?
- What are the different segments of the Automotive Advanced Driver Assistance Systems Market?
- What is the growth rate of the Automotive Advanced Driver Assistance Systems Market?
- What segments are covered in the Automotive Advanced Driver Assistance Systems Market?
- Who are the key players in the Automotive Advanced Driver Assistance Systems market?
- What are the key challenges and opportunities in the Automotive Advanced Driver Assistance Systems market?
- Which application holds the highest potential in the Automotive Advanced Driver Assistance Systems market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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