Automotive Advanced Driver Assistance System (ADAS) Market | Discover Top Trends and Drivers

Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Intel Corp., Magna International Inc., and Robert Bosch GmbH are some of the key vendors discussed in the research report

The automotive advanced driver assistance system (ADAS) market and it is expected to grow by $ 18.99 billion, accelerating at a CAGR of almost 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.

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Automotive Advanced Driver Assistance System (ADAS) Market: Market Segments and Key Trends

This report provides a detailed analysis of the market by Technology (AEBS, TPMS, PAS, and Others), Application (Passenger cars and Commercial vehicles), and Geography (Europe, North America, APAC, South America, and MEA). 37% of the market growth will originate from APAC during the forecast period. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.

Automotive Advanced Driver Assistance System (ADAS) Market: Top Drivers to Boost Demand

The Decline in sensor prices is one of the primary factors driving the growth of the automotive advanced driver assistance system (ADAS) market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.

Automotive Advanced Driver Assistance System (ADAS) Market: Vendor Analysis

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aptiv Plc, Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Intel Corp., Magna International Inc., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG are some of the major market participants. For more insights on this market: Download a Free Sample Report

Automotive Advanced Driver Assistance System (ADAS) Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automotive advanced driver assistance system (ADAS) market growth during the next five years
• Precise estimation of the automotive advanced driver assistance system (ADAS) market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive advanced driver assistance system (ADAS) market industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive advanced driver assistance system (ADAS) market vendors

Browse through some of other related market research reports for more insights:

• Automotive ADAS Aftermarket Market: Global automotive ADAS aftermarket market is likely to post an incremental growth of $ 3.15 billion, accelerating at a CAGR of over 10.03% during the forecast period.
• Automotive Lidar Sensors Market: The automotive lidar sensors market is expected to grow by $ 318.57 million, accelerating at a CAGR of almost 17% during the forecast period.
• Automotive On-board Diagnostics (OBD) Market: The automotive on-board diagnostics (OBD) market is expected to grow by $ 27.63 billion, accelerating at a CAGR of almost 17% during the forecast period.
• Automotive Augmented Reality and Virtual Reality Market: The Global Automotive augmented reality and virtual reality market is expected to grow by $ 5.10 billion, accelerating at a CAGR of about 32.00% till 2025.                              

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of about 8%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 18.99 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Decline in sensor prices will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   37% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Aptiv Plc, Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Intel Corp., Magna International Inc., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG
    
7. What are the market segments covered in this report?
   The market is segmented by Technology (AEBS, TPMS, PAS, and Others), Application (Passenger cars and Commercial vehicles), and Geography (Europe, North America, APAC, South America, and MEA)

Automotive Advanced Driver Assistance System (ADAS) Market Size to Grow by $ 18.99 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the automotive advanced driver assistance system (ADAS) market and it is expected to grow by $ 18.99 billion, accelerating at a CAGR of almost 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Automotive Advanced Driver Assistance System (ADAS) Market: Receive Free Sample Report

Automotive Advanced Driver Assistance System (ADAS) Market: Emerging Trends to Impact Market Growth

Growing development of AI-enabled ADAS solutions to emerge as a key trend in the automotive advanced driver assistance system (ADAS) market. APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increase in travel time will facilitate the automotive advanced driver assistance system market growth in APAC over the forecast period.This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Automotive Advanced Driver Assistance System (ADAS) Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aptiv Plc, Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Intel Corp., Magna International Inc., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations. For more insights into this market: Download a Free Sample Report