Global ADAS Market Size, Share, Forecast Report, 2020-2027

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global ADAS Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the ADAS market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global ADAS market size is projected to grow from USD 27.0 billion in 2020 to USD 83.0 billion by 2030, at a CAGR of 11.9%. Compliance with upcoming safety mandates and increasing demand for semi-autonomous driving systems will drive the market for ADAS.

The COVID-19 pandemic has led to the suspension of vehicle production and supply disruptions, which have brought the automotive industry to a halt. Lower vehicle sales will be a major concern for automotive OEMs for the next few quarters. According to experts, there is a slim chance of vehicle sale recovery in 2020. The ADAS market, however, is expected to witness a significant boost in 2022 owing to the mandates by different countries. Before that, lower vehicle sales and abrupt stoppage in the development of new automotive technologies will result in sluggish growth of the ADAS market in 2021.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global ADAS market are included as given below:

The global ADAS market is dominated by major players such as Robert Bosch (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso (Japan), Aptiv (UK), Valeo (France), and Magna International (Canada). These companies have secure distribution networks at a global level and offer a wide range of advanced driver assistance systems. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.

The global ADAS market has been segmented as below:

Based on 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)

Based on component:

Camera Unit

LiDAR

Radar Sensor

Ultrasonic Sensor

Infrared Sensor

Based on offering:

Hardware

Software

Based on electric vehicle:

Battery Electric Vehicles (BEV)

Hybrid Electric Vehicles (HEV)

Plug-in Hybrid Electric Vehicle (PHEV)

Fuel Cell Electric Vehicle (FCEV)

Based on level of autonomy:

L1

L2 & L3

L4

L5

Based on vehicle type:

Passenger Car

Light Commercial Vehicle

Truck

Bus

Based on the region:

Asia Pacific

China

India

Japan

South Korea

Thailand

Rest of Asia Pacific

North America

US

Canada

Mexico

Europe

France

Germany

Russia

Italy

Spain

Turkey

UK

Rest of Europe

Rest of the World

Brazil

South Africa

Others in RoW

Reasons to Purchase this Report:

Estimates ADAS development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects