Advanced Driver Assist Systems (Adas) Market
Advanced Driver Assist Systems (Adas) Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0559
Segments Covered
By
System Type Adaptive Cruise Control, Blind Spot Detection, Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System, Intelligent Parking Assist System (IPAS), Lane Departure Warning System, Adaptive Front-light, Others
-
By
Component Camera Unit, LiDAR, Radar Sensor, Ultrasonic Sensor, Infrared Sensor
-
By
Vehicle Type Passenger Car, Light Commercial Vehicle, Truck, Bus
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
29.1 Billion |
 Revenue 2028:
|
71.24 Billion |
 Revenue CAGR
(2021 - 2028): |
12.10% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Advanced Driver Assist Systems (Adas) Market - Global Market Assessment, 2021 - 2028
Vantage Market Research follows a veracious methodology to arrive at market-related projections. The research methodology is based on the 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call. Vantage Market Research employs the most infallible research methodology that ensures clients are receiving:
- Consistent, vigorous, and actionable data analysis that would help to make key business decisions
- Statistically improved and reliable insights through a veracious and well-audited research methodology.
- Independent study ensures a tangible representation of the market
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Advanced Driver Assist Systems (Adas) market.
FAQ
Frequently Asked Question
What is the global demand for Advanced Driver Assist Systems (Adas) in terms of revenue?
-
The global Advanced Driver Assist Systems (Adas) valued at 29.1 Billion in 2020 and is expected to reach 71.24 Billion in 2028 growing at a CAGR of 12.10%%.
Which are the prominent players in the market?
-
The prominent players in the market are Autoliv Inc, Valeo, Robert Bosch Gmbh, Aisin Seiki Co. Ltd., Renesas Electronics Corporation, Hella Kgaa Hueck & Co., Hitachi Ltd, Texas Instruments Inc., Infineon Technologies AG, Elektrobit Corporation, Freescale Semiconductor Inc., Magna International, Mobileye NV, Delphi Automotive PLC, Hyundai Mobis, Ficosa International S.A., Trw Automotive Holdings Corp., Mando Corp., Denso Corporation, Gentex Corporation, Continental Ag, Tass International..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 12.10%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Advanced Driver Assist Systems (Adas) include
- The governments are implementing stringent regulations for vehicles to be installed with advanced safety systems to decrease accident rates and resulting injuries and deaths in countries across the globe. The obligatory installation of advanced driver assistance systems in both developed and emerging countries is augmenting the market growth. The deployment these systems in other car models is further supporting the growth of the advanced driver assistance systems market. Various manufacturers in automotive industry are investing in ADAS in order to differentiate their automobiles from other manufacturers in the industry.
- The rising vehicle sale across the globe is anticipated to augment the growth of the advanced driver assistance systems market during the forecast period. This is owing to the rapid urbanization, rising disposable income of the consumers, and increasing developments in technologies. Furthermore, increase in global sales of automobiles has also caused a major shift of consumers towards the adoption of personal vehicles which is in turn expected to support the growth of the advanced driver assistance systems market in the forecast period.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Advanced Driver Assist Systems (Adas) in 2020.
