Subject: MRR
ADAS Market Size 2028 Value Projection: 183.81Bn, Advanced Driver Assistance Systems Market to Grow at 25.4% CAGR Led by APAC Region (46.1% Market Share in 2021), 50+ Companies Scrutinized in New Research Report Published by The Insight Partners
NEW YORK, June 22, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Advanced Driver Assistance Systems (ADAS) Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Sensor Type (Image Sensor, LiDAR, Radar Sensor, Ultrasonic Sensor, and Infrared Sensor), Technology Type (Adaptive Front Light, Blind Spot Detection, Electronic Brake Assist, Drowsiness-Monitoring System, Lane Departure Warning, Head-up Display, Night Vision System, Park Assist, E-Call Telematics, Tire Pressure-Monitoring System, and Others), and Vehicle Type (Passenger Car, LCV, and HCV)", the global Advanced Driver Assistance Systems (ADAS) market size is expected to grow from $43.13 billion in 2021 to $183.81 billion by 2028; it is estimated to grow at a CAGR of 25.4% from 2021 to 2028.
Get Exclusive Access to Sample Pages of Advanced Driver Assistance Systems (ADAS) Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPTE100000129/
Advanced Driver Assistance Systems (ADAS) Market Strategic Insights:
Report Coverage | Details |
Market Size Value in | US$ 43.13 Billion in 2021 |
Market Size Value by | US$ 183.81 Billion by 2028 |
Growth rate | CAGR of 25.4% from 2021 to 2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
No. of Pages | 207 |
No. Tables | 88 |
No. of Charts & Figures | 91 |
Historical data available | Yes |
Segments covered | Sensor Type, Technology Type, and Vehicle Type |
Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Advanced Driver Assistance Systems (ADAS) Market: Competitive Landscape and Key Developments
Continental AG; Cypress Semiconductor Corporation; First Sensor AG (TE Connectivity); Harman International (Samsung Group); Hitachi, Ltd.; MG Motor India Private Limited; NVIDIA Corporation; Robert Bosch GmbH; Telefonaktiebolaget LM Ericsson; and Vector Informatik GmbH are among the key players that are profiled during the Advanced Driver Assistance Systems (ADAS) market study. In addition to these players, several other essential Advanced Driver Assistance Systems (ADAS) market players were also studied and analyzed to get a holistic view of the global Advanced Driver Assistance Systems (ADAS) market and its ecosystem.
Place Your Inquiry Before Buying: https://www.theinsightpartners.com/inquiry/TIPTE100000129/
In 2022, Infineon Technologies AG launched a new generation of its AURIXtm microcontroller family (MCU). It serves as a foundation for dependable electronics and software-based applications. It offers improvised security and comfort with more connectivity.
Advanced Driver Assistance Systems (ADAS) Market: Key Insights
The Advanced Driver Assistance Systems (ADAS) market growth driven by the growing demand for safety and driving comfort features, rising adoption of integrated radar and camera systems, growing demand for embedded vision systems in vehicles. The Asia Pacific dominated the market in 2021 with a share of 46.1%; it would continue to dominate the market during the forecast period and account for 50.2% share by 2028.
The most accurate technique for embedded vision to collect a visual representation of the world is through cameras. Autonomous vehicles include cameras on all four sides ? front, back, left, and right. These photos are combined to provide a 360° perspective of their surroundings. Wide-angle lenses with a lesser range are available on certain cameras, while others have a narrower perspective capable of long-range views. Fish-eye cameras offer panoramic views and frequently assist vehicles with parking in the Advanced Driver Assistance Systems (ADAS) market. Vehicle manufacturers frequently utilize several CMOS imaging sensors to create photos with resolutions ranging from 1 to 2 megapixels; most use relatively affordable 2D cameras, but some also include 3D cameras in the Advanced Driver Assistance Systems (ADAS) market. To provide a good image in all situations, including bright sunshine, embedded vision systems require sensors with a large dynamic range of more than 130 dB in the Advanced Driver Assistance Systems (ADAS) market.
Connect with Our Research Analyst On: https://www.theinsightpartners.com/speak-to-analyst/TIPTE100000129
In Europe, despite some challenges arising from the semiconductor shortage, projected to be resolved by the third quarter of 2022, the car industry's forecast for this year is positive. Automotive manufacturing is estimated to grow by ~13% in 2022. With the EU emphasizing making front-facing cameras and radar systems mandatory in all vehicles, as standard equipment, by 2024, the ADAS technology is projected to improve in Europe in 2022. For example, systems such as collision warning indications and electronic stability control are predicted to increase from 83% in 2021 to 100% by 2025. Similarly, restrictions on the automotive vehicle speed regulations will increase from 48% to 100% in the advanced driver assistance systems (ADAS) market over the same period.
On the other hand, Europe is likely to outperform all other regions in ADAS occurrence by 2025, owing to stronger legislation focusing on vehicle and passenger safety in the Advanced Driver Assistance Systems (ADAS) market. Although new car registrations in the EU and the UK decreased to 11.7 million in 2020, about 25% less than the previous year and the lowest level since 2001; however, electric car sales are growing in numerous European nations. EV sales in Europe continue to break records in 2021 for electric cars, including hybrids, plug-in hybrids, and full-electric vehicles, with a 63% rise to approximately 1.2 million units sold. This is 3.4 times the amount of EVs sold in 2019. EV market share surpassed 10% for the first time, at 10.2%, up from 6.2% in 2020 in the Advanced Driver Assistance Systems (ADAS) market.
Rising Adoption of Integrated Radar and Camera Systems to Boost Advanced Driver Assistance Systems (ADAS) Market Growth:
The incorporation of different sensors into automobiles is fueled by the rise of advanced driver assistance systems (ADAS) and autonomous driving (AD) solutions. Radars, cameras, and ultrasonic sensors have become industry standards, responding to the need for road safety improvements. Light detection and ranging (LiDAR) technology has been included in the list and is being used in cars now on the assembly line. One of the most significant advantages of LiDAR is that the light source is a fully integrated component of the system in the Advanced Driver Assistance Systems (ADAS) market. LiDAR sensors generate light pulses that light up the required area using an eye-safe laser. They work independently of the surrounding illumination, unlike cameras. LiDAR can accomplish incredible results at any time of day or night, with no loss of performance owing to obstructing factors such as shadows, sunshine, or headlight glare, resulting in the Advanced Driver Assistance Systems (ADAS) market growth.
Advanced Driver Assistance Systems (ADAS) Market: Sector Overview
The Advanced Driver Assistance Systems (ADAS) market analysis based on technology type, is segmented into adaptive cruise control, blind spot detection, electronic brake assist, drowsiness-monitoring system, lane departure warning, head-up display, night vision system, park assist, e-call telematics, tire pressure monitoring system, and others. The blind spot detection segment led the Advanced Driver Assistance Systems (ADAS) market in 2021. The blind spot detection system aims to make changing lanes and merging safer. According to the National Highway Traffic Safety Administration report of March 2019, BSW Automotive is affected by half a million (8.7%) blind zone and lane change or merger-related crashes each year. Further, as per a report from the Insurance Institute for Highway Safety in September 2018, the blind spot detection technology is already reducing crash rates, resulting in 14% fewer lane-change crashes and 23% fewer lane change crash involvements with injuries in the Advanced Driver Assistance Systems (ADAS) market.
Buy Premium Copy of Advanced Driver Assistance Systems (ADAS) Market Size, Share, Revenue, Strategic Insights and Forecasts 2021-2028 Research Report at: https://www.theinsightpartners.com/buy/TIPTE100000129/
Browse Adjoining Reports:
Autonomous Vehicle Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Autonomy Level (Level-3, Level-4, Level-5); Application (Consumer, Robo Taxi, Self-driving Bus, Ride Hail, Ride Share) and Geography
Vehicle Intelligence Systems Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Road Scene Understanding (Road/Lane Tracking System, Road Sign Detection System, Night Vision System, Pedestrian Detection System); Advanced Driver Assistance and Monitoring (Adaptive Cruise Control, Blind Spot Detection System, Park Assist System, Traffic Jam Assist System, Warning/Alertness Sensing System); Vehicle Type (Passenger Vehicle, Commercial Vehicle) and Geography
Semi-Autonomous and Autonomous Vehicles Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component Type (Camera, LiDAR, Radar, Ultrasonic Sensor, Others); ADAS Features (Lane Assist (LA), Crash Warning System (CWS), Blind Spot Detection (BSD), Adaptive Cruise Control (ACC), Smart Park Assist (SPA), Cross Traffic Alert (CTA), Automatic Emergency Braking (AEB), Others); Fuel Type (Internal Combustion Engine (ICE), Hybrid Electric Vehicle (HEV), Battery Electric Vehicle (BEV)); Level of Automation (Level 1, Level 2, Level 3, Level 4, Level 5) and Geography
Automotive LiDAR Sensor Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Solid-State LiDAR, Mechanical LiDAR); Image Type (2D, 3D); Application (Autonomous Vehicle, Semi-Autonomous Vehicle); Vehicle Type (ICE, HEV, PHEV, Battery Electric) and Geography
Automotive MEMS Sensor Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (MEMS Inertial Sensor, MEMS Microphones, MEMS Pressure Sensor); Application (Advanced Driver Assistance System, Electronic Control Unit, Electronic Stability Control, Heating Ventilation and Air Conditioning System, Safety and Security, In-Car Navigation, OIS Cameras, Microphone In Cabin, Tire Pressure Monitoring System, Others) and Geography
Memory for Connected and Autonomous Vehicle Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Level of Autonomy (Level 1 (Advanced Driving Assistance System- ADAS), Level 2 (Partial Automation), Level 3 (Conditional Automation), Level 4 (High Automation), Level 5 (High Automation)); Memory Type (DRAM, SRAM, NAND, Others); Vehicle Type (Passenger Vehicles, Commercial Vehicle); Application (Instrument Cluster, Infotainment System, Advanced Driving Assistance System (ADAS), Powertrain, Others) and Geography
Automotive IC Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Monolithic Integrated Circuits, Hybrid or Multichip Integrated Circuit); Application (Advanced Driver Assistance System (ADAS), In-Vehicle Networking, Engine Management, Transmission Control System, Others) and Geography
Automotive Electronics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Vehicle Type (Passenger cars, Light Commercial Vehicles, Heavy Commercial Vehicles); Sales Channel (OEM, Aftermarket); Application (Advanced Driver Assistance Systems, Body Electronics, Entertainment, Powertrain, Safety Systems) and Geography
Automotive Semiconductor Market to 2027 - Global Analysis and Forecasts by Component (Optical, Sensors & Actuators, Memory, Microcontrollers, Analog ICs, Logic and Discrete Power Devices); Application (Advanced Driver Assistance Systems, Body Electronics, Infotainment, Powertrain, Safety Systems); Vehicle Type (Passenger, LCV, and HCV)
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/advanced-driver-assistance-systems-market
Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg
These press releases may also interest you
|
News published on and distributed by:
