Advanced Driver Assistance Systems (ADAS) Market Forecast 2023-2032: Market Size, Drivers, And Trends
The Advanced Driver Assistance Systems (ADAS) Global Market Report 2023, provides comprehensive information on the advanced driver assistance systems (ADAS) market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Advanced Driver Assistance Systems
(ADAS) Market’s Growth:
As per The Business Research Company’s Advanced
Driver Assistance Systems (ADAS) Global Market Report 2023, the global advanced
driver assistance systems (adas) market size will grow from $31.85 billion in
2022 to $37.61 billion in 2023 at a compound annual growth rate (CAGR) of
18.1%. The Russia-Ukraine war disrupted the chances of global economic recovery
from the COVID-19 pandemic, at least in the short term. The war between these
two countries has led to economic sanctions on multiple countries, a surge in
commodity prices, and supply chain disruptions, causing inflation across goods
and services and affecting many markets across the globe. The size of advanced
driver assistance systems (adas) market is expected to grow to $72.56 billion
in 2027 at a CAGR of 17.9%..
Technological advancements are a key trend
gaining popularity in the ADAS market. Major companies operating in the ADAS
market are focused on developing new technological solutions to strengthen
their position through the implementation of next-generation ADAS technologies
into their products such as sensor fusion, embedded vision, HMI, software
infrastructure, and autosar. For instance, In September 2021, ZF
Friedrichshafen, a German-based company, launched a high-performance Mid-Range
Radar (MRR), the nextgen advancement in the ADAS tech market, which is designed
to meet safety ratings and enable semi-automated driving functions. The
Mid-Range Radar has modes that provide the proper resolution and range tuned
for the driving situation.
The advanced
driver assistance systems (ADAS) market is segmented:
1) By System Type: Tire Pressure Monitoring
System (TPMS), Drowsiness Monitor System, Intelligent Parking Assist System
(IPAS), Adaptive Cruise Control System, Blind Spot Object Detection System,
Lane Departure Warning System, Adaptive Front-lighting System, Other System
Types
2) By Offering: Hardware, Software
3) By Vehicle Type: Passenger Car, Light
Commercial Vehicle, Buses, Trucks
North America was the largest region in the
advanced driver assistance systems (ADAS) market in 2022.
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare
Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Comments
Post a Comment