Automotive Advanced Driver Assistance Systems Market Dynamics and Opportunities (2023-2029)

heena mujawar

22 Jul 2024 • 5 min read

Automotive Advanced Driver Assistance Systems Market

Automotive Advanced Driver Assistance Systems Market Growth or Demand Increase or Decrease for what contains?

The market is experiencing significant demand driven by the increasing focus on reducing traffic accidents and improving road safety. The expansion of the automotive industry, the rise in vehicle production, and the growing integration of ADAS features in both luxury and mainstream vehicles are driving market growth. Additionally, technological advancements and the development of next-generation ADAS solutions are expected to further fuel demand.

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Automotive Advanced Driver Assistance Systems Market CAGR Estimation:

Automotive Advanced Driver Assistance Systems Market size was valued at USD 31.52 Bn. in 2022 and the total revenue is expected to grow at 12.2% of CAGR through 2023 to 2029, reaching USD 70.57 Bn.

Automotive Advanced Driver Assistance Systems Market Segmentation:

by System

1.Adaptive Cruise Control (ACC)
2.Adaptive Front Light (AFL)
3.Automatic Emergency Braking (AEB)
4.Blind Spot Detection (BSD)
5.Cross Traffic Alert (CTA)
6.Driver Monitoring System (DMS)
7.Forward Collision Warning (FCW)
8.Intelligent Park Assist (IPA)
9.Lane Departure Warning (LDW)
10.Night Vision System (NVS)
11.Pedestrian Detection System (PDS)
12.Road Sign Recognition (RSR)
13.Tire Pressure Monitoring System (TPMS)
14.Traffic Jam Assist (TJA)

According to the system, the growing demand for sophisticated safety features in cars, such as improved driver assistance systems, is expected to fuel growth in the market for night vision systems. The market for night vision systems is also expected to be driven by an increase in vehicle production as well as a growth in the need for better night vision in cars to help with driver visibility. The night vision technology not only increases safety and reduces nighttime vehicle collisions, but it also considerably reduces the improper visual complexity of the car. It is anticipated that the benefits mentioned above would also raise demand for car night vision systems during the course of the projection period.

by Component

1.Camera Unit
2.LiDAR
3.Radar Sensor
4.Ultrasonic Sensor
5. Infrared Sensor

Important OEMs are adopting ADAS technology, depending on the component, to raise safety ratings and attract more clients. Consequently, they provide safety systems as choices or standardise them across models. The main factors propelling the ADAS market are rising accident rates and safety consciousness, which has raised demand for radar sensors in nations like China, the US, and several European nations. Federal Communications Commission (FCC) of the United States and the European

by Vehicle

1.Passenger Car
2.Light Commercial Vehicle
3. Truck
4.Bus

Depending on the car, The passenger car industry has a considerable impact on the ADAS market. The need for safety systems has increased in rising economies due to a number of causes, including stricter laws pertaining to road safety, favourable legislation, and more consumer awareness. Furthermore, several countries in Europe, North America, and Asia-Pacific have enacted legislation mandating the installation of different ADAS in passenger cars. To give one example, the European Union has proposed Vision Zero, a programme aimed at achieving zero road fatalities by 2050. The authority aims to achieve a 50% reduction in injuries and fatalities by 2030.

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Automotive Advanced Driver Assistance Systems Market Overview:

The Maximize Market Research report assists clients in gaining a comprehensive understanding of the competitive landscape, serving as a valuable resource for strategic planning purposes. The comprehensive Automotive Advanced Driver Assistance Systems Market overview furnishes extensive information regarding market size, trade statistics, prominent participants, and a range of market indicators, encompassing aspects such as life cycle, prevailing trends, and more.

Automotive Advanced Driver Assistance Systems Market Growth or Demand in which regions??

North America leads the Automotive Advanced Driver Assistance Systems Market, driven by a strong consumer base interested in health and wellness trends, followed by Europe with increasing adoption of vegan diets and sustainable food choices. The Asia-Pacific region is expected to witness rapid growth due to rising disposable incomes and growing awareness of plant-based diets.

Automotive Advanced Driver Assistance Systems Market Scope & Methodology:

The competitive landscape of the Automotive Advanced Driver Assistance Systems Market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in the Automotive Advanced Driver Assistance Systems Market . The report employed a bottom-up approach to ascertain Automotive Advanced Driver Assistance Systems Market estimations and growth rates.

To gain insights into Automotive Advanced Driver Assistance Systems Market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about the Automotive Advanced Driver Assistance Systems Market , including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.

Both primary and secondary data gathering techniques were employed for the Automotive Advanced Driver Assistance Systems Market . Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within the Automotive Advanced Driver Assistance Systems Market .

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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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Key questions answered in the Automotive Advanced Driver Assistance Systems Market are:

What is Automotive Advanced Driver Assistance Systems Market ?
What is the growth rate of the Automotive Advanced Driver Assistance Systems Market ?
Which are the factors expected to drive the Automotive Advanced Driver Assistance Systems Market growth?
What are the different segments of the Automotive Advanced Driver Assistance Systems Market ?
What are the factors restraining the growth of the Automotive Advanced Driver Assistance Systems Market ?
What is the demand pattern of the Automotive Advanced Driver Assistance Systems Market ?
What major challenges could the Automotive Advanced Driver Assistance Systems Market face in the future?

Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment |
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

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