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Global ADAS Market – Analysis and Forecast (2021-2027), Valeo

Advanced driver assistance system is an effective and innovative technology system that gives the vehicle autonomy and helps the driver drive the vehicle safely. ADAS basically consists of subsystems and functions that work independently or in combination with each other to provide convenience and a wide range of comfort to modern car drivers, as well as safety. Furthermore, Artificial Intelligence (AI) has led to innovations in the automotive industry.

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Global ADAS Market – Analysis and Forecast (2021-2027), Valeo

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  1. Global ADAS Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global ADAS Market The global ADAS market is anticipated to grow from USD 26.8 billion in 2021 to USD 72.6 billion by 2027, registering a CAGR of 11.6% during the forecast period 2021-2027. Advanced driver assistance system is an effective and innovative technology system that gives the vehicle autonomy and helps the driver drive the vehicle safely. ADAS basically consists of subsystems and functions that work independently or in combination with each other to provide convenience and a wide range of comfort to modern car drivers, as well as safety. Furthermore, Artificial Intelligence (AI) has led to innovations in the automotive industry. Also, ADAS aids in solving the problem of traffic congestion, road accidents, and improves the safety and security of vehicles, occupants, and pedestrians.

  4. Global ADAS Market North America dominated the ADAS market owing to the mounting demand for safe and efficient vehicles, growing government initiatives about the safety of passengers, continuous development in autonomous driving, and rising demand for the light truck vehicles will fuel the growth of the ADAS market in the region. The Asia Pacific is anticipated to have the fastest growth during the forecast period 2021-2027 owing to the increasing number of electric vehicles in the region. Moreover, the increased vehicle production, surge in adoption of advanced electronics in Japan, South Korea, and China results in creating opportunities in the automotive industry and taking steps to encourage OEMs to enter the domestic markets.

  5. Global ADAS Market ZF has launched a high-performance mid-range Radar to support advanced ADAS safety features and enhance the available ZF coASSIST semi-automated system on the Dongfeng Aeolus Yixuan MAX in China. ZF’s mid-range radar is a high-performance 77GHz front radar designed to meet 2022+ Euro NCAP 5-Star Safety Ratings and enable semi-automated driving functions. Some of the key players operating in the ADAS market: Valeo, Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, DENSO CORPORATION, Aptiv, Hyundai Mobis, Autoliv Inc., NXP Semiconductors, and Magna International Inc.

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