Latest Reports Advanced Driver Assistance Systems Market to be on the roll in the years to come
The advanced driver assistance systems (ADAS) market is projected to expand at high CAGR during the forecast period due to high demand for autonomous cars. Growth of the market is attributed to consumer demand for efficiency & safety and regulatory framework to reduce road accidents. For instance, in some countries in Europe and the US, the governments have mandated that all the vehicles to be equipped with automated braking systems and collision warning systems. High demand from OEMs is projected to boost the market in the near future. Semiconductor companies have entered the automotive industry to offer ADAS products.
According to the latest report on the advanced driver assistance systems market published by Dataintelo, demand for luxury vehicles with modern features is expected to propel the market growth in the near future. Additionally, technological innovations in the automobile industry and rise in government initiatives toward reducing carbon emissions and minimizing road accidents are fuel developments in the market. However, less awareness about the benefits of autonomous cars is likely to hinder market growth in the near future.
Based on technology, the market has been segregated into adaptive cruise control, automatic high beam control, autonomous park assist, blind spot detection, driver monitoring, forward collision warning, front lighting, AEB, night vision, head up display, lane departure warning, park assist, surround view system, traffic sign recognition, and tire pressure monitoring system. In terms of sensors, the market has been divided into LiDAR, infrared, ultrasonic, RADAR, and image sensor. On the basis of vehicles, the market has been Passenger Carrying Vehicle (PCV), light commercial vehicle (LCV), and heavy commercial vehicles (HCV). On the basis of distribution channels, the market has been bifurcated into OEMs and aftermarket.
Based on regions, the global advanced driver assistance systems has been fragmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North Amermarket during the forecast period due to the expansion of the automobile industry. ica is anticipated to dominate the the market during the forecast period due to the expansion of the automobile industry. • Request Sample Copy Of This Report, Click Here: https://dataintelo.com/requestsample/?reportId=113655
The market in Asia Pacific is expected to grow, due to the expansion of the automotive industry in China. Various government initiatives toward reducing pollution and efforts taken to boost the growth of the automobile sector with digitization is likely to strengthen the market during the forecast period. Prominent players in the advanced driver assistance systems market include Robert Bosch, ZF Friedrichshafen, Aptiv, and Continental. • Discover More at: https://dataintelo.com/
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