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In a recent published report, Kenneth Research has updated the market report for Advanced Driver Assistance Systems (ADAS) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Advanced Driver Assistance Systems (ADAS) Market products.
The global Advanced Driver Assistance Systems (ADAS) market was valued at $19.8 billion in 2017 and is anticipated to grow at a CAGR of 21.4% during the forecast period.
Advanced Driver Assistance Systems offer improved passenger experience, comfort, and safety to vehicles and drivers. Integration of advanced driver assistance systems into vehicles enable enhanced situational awareness and control for easier and safer driving experience. Some components enabling efficient functioning of Advanced Driver Assistance Systems include LiDAR, sensors, radar systems, artificial intelligence software, and GPS among others.
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The demand for Advanced Driver Assistance Systems or ADAS has increased over the years owing to rising concerns regarding road safety, and growing incidents of road accidents. Growing penetration of connected cars, and rising adoption of IOT further boosts the market growth. The increasing advancements in technologies, growing adoption of electric vehicles, and rising investments in R&D and technological innovation further supplement the growth of this market. Increasing demand for luxury vehicles, and rising development of autonomous vehicles are factors expected to offer numerous growth opportunities during the forecast period.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Advanced Driver Assistance Systems Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
North America generated the highest revenue in 2017 owing to increasing incidents of road accidents and growing safety concerns. High disposable income, and improved living standards in the region support market growth. Technological advancements in the region, along with presence of leading market players is expected to boost the adoption of Advanced Driver Assistance Systems in North America.
Competitive Landscape and Key Vendors
The global Advanced Driver Assistance Systems market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the report include Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, Continental AG, Intel Corporation, Texas Instruments, Valeo S.A., Magna International, Inc., Autoliv Inc., and Garmin Ltd.
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How does the report examine the growth drivers and restraints of the Advanced Driver Assistance Systems (ADAS) market?
- The factors resulting in the expansion of the Advanced Driver Assistance Systems (ADAS) market are elaborated in the report after thorough primary and secondary research.
- Analytical strategies focused on gain indicators affecting the growth of the Advanced Driver Assistance Systems (ADAS) market are presented in graphical formats.
- The business-related trends driving the product consumption are discussed in detail in the report along with industry expertise to minimize the barriers to Advanced Driver Assistance Systems (ADAS) market growth.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Advanced Driver Assistance Systems (ADAS) market growth and Advanced Driver Assistance Systems (ADAS) market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects of Advanced Driver Assistance Systems (ADAS) market in various geographical regions.
- The competitive landscape analysis on the Advanced Driver Assistance Systems (ADAS) market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter's Five Force analysis.
- The in-depth analysis provides an insight into the Advanced Driver Assistance Systems (ADAS) market, underlining the growth rate and opportunities offered in the business.
Key Segments Outlook
System
Adaptive Cruise Control (ACC)
Lane Departure Warning (LDW)
Blind Spot Detection (BSD)
Night Vision System (NVS)
Intelligent Park Assist (IPA)
Driver Monitoring System (DMS)
Adaptive Front Light (AFL)
Tire Pressure Monitoring System (TPMS)
Autonomous Emergency Braking System (AEB)
Forward Collision Warning (FCW)
Others
Component
Hardware
Sensors
LiDAR Sensor
Camera Unit
Ultrasonic Sensor
Radar Sensor
Processors
Electronic Control Units (ECU)
Microcontroller Units (MCU)
Software
Services
Vehicle Type
Passenger Vehicles
Commercial Vehicles
Electric Vehicle Type
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel Cell Electric Vehicle (FCEV)
Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
About Us
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation1065
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