Advanced Driver Assistance Systems (ADAS) Market Growth by Manufacturers, Regions, Product Types, Major Application Analysis and Forecast to 2027

The MarketWatch News Department was not involved in the creation of this content. Sep 29, 2020 (Market Insight Reports) — According to the current analysis of Reports and Data, the global Advanced Driver Assistance Systems (ADAS) market was valued at USD 19.57 Billion in 2018 and is projected to grow […]

The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (Market Insight Reports) —
According to the current analysis of Reports and Data, the global Advanced Driver Assistance Systems (ADAS) market was valued at USD 19.57 Billion in 2018 and is projected to grow at a CAGR of 22.57% from 2019 to 2026. Advanced Driver Assistance Systems (ADAS) are electronic systems that help the driver of the vehicle to drive or park the vehicle. With the increasing number of government regulations globally related to the safety of the vehicles as well as the increasing demand for safe and efficient vehicles. The factor restraining the growth of the market is the unavailability of the needed infrastructure in some regions of the globe.

The report includes the latest coverage of the impact of COVID-19 on the Advanced Driver Assistance Systems (ADAS) industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

Get the sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2202

Key participants include Owens Corning, Toray Industries Inc, Hexcel Corporation, SGL Carbon, Toho Tenex (Teijin Ltd.), Quantum Composites, Nippon Sheet Glass Co. Ltd., SABIC, Solvay and Arkema, among others

The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.

For the purpose of this study, Reports and Data have segmented the Advanced Driver Assistance Systems (ADAS) Market on the basis of System, Component, Type, Vehicle, Propulsion, and Region:

System (Revenue, USD Million; 2016-2026)

  • Adaptive Cruise Control

  • Adaptive Front Light

  • Automatic Emergency Braking

  • Blind Spot Detection

  • Cross Traffic Alert

  • Driver Monitoring System

  • Forward Collision Warning

  • Intelligent Park Assistance

  • Lane Departure Assistance

  • Night Vision System

  • Pedestrian Detection System

  • Road Sign Recognition

  • Traffic Jam Assist

  • Others

Ask for Discount @https://www.reportsanddata.com/discount-enquiry-form/2202

Component (Revenue, USD Million; 2016-2026)

Type (Revenue, USD Million; 2016-2026)

  • Image Sensor

  • LiDAR Sensor

  • Ultrasonic Sensor

  • Infrared Sensor

  • Radar Sensor

  • Laser

  • Capacitive Sensor

  • Others

The key geographical regions analyzed in the report are:

  • North America (U.S., Canada)

  • Europe (U.K., Italy, Germany, France, Rest of EU)

  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)

  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further key findings from the report suggest

  • The Global Advanced Driver Assistance Systems (ADAS) market is forecast to grow at a rate of 22.57% CAGR to reach a valuation of USD 129.76 Billion in 2026.

  • Rising automotive industry in countries like China, India will witness fast growing demand for ADAS over the forecasted period.

  • Passenger car segment is forecasted to occupy the largest share of the market in 2026 on account of rising demand for vehicles from the customers. Reforms related to the scrapping of conventional powered vehicles and the switch to electric cars is the major factor attributing to the large share of the segment. The Passenger vehicle segment accounted to USD 5.13 Billion in the European region in 2018.

  • Players in the industry are focused on improving their product offerings by investing in the research and development of latest technologies, thus helping them acquire a substantial positioning over the other players of the market.

  • Competitors in the industry are also utilizing certain strategies like targeted acquisitions and mergers, thus helping them gain a better share in the market.

Read detailed report @ https://www.reportsanddata.com/report-detail/advanced-driver-assistance-systems-adas-market

Key Questioned Answered mentioned in the Report –

  1. What are the products offered by the Advanced Driver Assistance Systems (ADAS) industry presently?

  2. What are the different applications of the products offered in this market of Advanced Driver Assistance Systems (ADAS)?

  3. Who could be claimed as the most dominant and influential players in this global industry?

  4. Which factors act as the drivers of this market, and which factors pull this industry down acting as restraints?

  5. What can be determined by the trends obtained from the evaluation of the historical data for the Advanced Driver Assistance Systems (ADAS) industry?

We are grateful to you for reading our report. If you wish to find more details of the report or want a customization, contact us. You can get a detailed information of the entire research here. If you have any special requirements, please let us know and we will offer you the report as you want.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Related Reports-

In-Flight Entertainment Systems MarketAnalysis, Cost Structures and Future Forecasts to 2026

Automotive Biometric Access System MarketShare, Segment Analysis, Growth Drivers and Forecast to 2026

This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]

COMTEX_372032141/2599/2020-09-29T04:03:27

Is there a problem with this press release? Contact the source provider Comtex at [email protected] You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article

Next Post

Tech sector backs Facebook over 'terrible' government overreach

“These laws are looking to get extra money from tech, where the right argument is that Facebook and Google, as well as Microsoft, IBM, Atlassian and others should have all the revenues that are attributed to Australia, recognised in Australia and have tax paid on it in Australia. Freelancer CEO […]
wi-fi-votaniki.net WordPress Theme: Seek by ThemeInWP