The latest research report by Emergen Research, named ‘Global Advanced Driver Assistance System and Autonomous Driving Components Market – Forecast to 2032 The report offers an accurate forecast estimation of the Advanced Driver Assistance System and Autonomous Driving Components Market industry based on the recent technological and research advancements. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Advanced Driver Assistance System and Autonomous Driving Components Market .
The global Advanced Driver Assistance System (ADAS) and autonomous driving components market size is expected to reach USD 186.29 Billion in 2032 and register a revenue CAGR of 16.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for safe and efficient vehicles by consumers can be attributed to the steady market revenue growth. Nearly all automotive accidents are caused by human error, which can be avoided by Advanced Driver Assistance Systems (ADAS). The role of ADAS is to lessen incidence and severity of automotive accidents that cannot be avoided to prevent fatalities and injuries.
The Advanced Driver Assistance System (ADAS) and Autonomous Driving Components market represent a pivotal segment within the automotive industry, characterized by rapid technological advancements and a shift towards autonomous mobility solutions. ADAS encompasses a diverse array of systems and components designed to enhance vehicle safety, comfort, and efficiency through the integration of sensors, processors, actuators, and software algorithms.
Drivers of Advanced Driver Assistance System and Autonomous Driving Components Market
The market for ADAS and Autonomous Driving Components is driven by a confluence of factors shaping the future of transportation. Chief among these drivers is the growing emphasis on road safety and accident prevention, prompting automotive manufacturers and regulatory authorities to prioritize the integration of advanced safety technologies into vehicles. Additionally, the proliferation of electric and connected vehicles is fueling the demand for intelligent mobility solutions capable of optimizing energy efficiency, reducing emissions, and enhancing user experience.
Major Companies and Competitive Landscape
The Advanced Driver Assistance System and Autonomous Driving Components Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
Robert Bosch GmbH, Continental AG, Denso Corporation, Hyundai Mobis, Magna International Inc., Veoneer Holdco, LLC., Aptiv, ZF Friedrichshafen AG, Valeo, Analog Devices, Inc.
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Key inclusions of the Advanced Driver Assistance System and Autonomous Driving Components Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Advanced Driver Assistance System and Autonomous Driving Components Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Advanced Driver Assistance System and Autonomous Driving Components Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Advanced Driver Assistance System and Autonomous Driving Components Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Advanced Driver Assistance System and Autonomous Driving Components Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Advanced Driver Assistance System and Autonomous Driving Components Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global Advanced Driver Assistance System (ADAS) and autonomous driving components market on the basis of system, vehicle type, propulsion, type, and region:
· System Outlook (Revenue, USD Billion; 2019–2032)
- Adaptive Cruise Control
- Adaptive Front Light
- Automatic Emergency Braking
- Blind Spot Detection
- Cross Traffic Alert
- Driver Monitoring System
- Forward Collision Warning
- Night Vision System
- Pedestrian Detection System
- Road Sign Recognition
- Traffic Jam Assist
- Others
· Vehicle Type Outlook (Revenue, USD Billion; 2019–2032)
- Passenger Vehicle
- Mid-Sized Car
- Sedan
- Minivan
- Convertible
- Crossover
- Hatchback
- Others
- Light Commercial Vehicle (LCV)
- Compact
- Utility Vehicle
- Supermini
- Light Truck
- Others
- Heavy Commercial Vehicle (HCV)
- Mobile Truck
- Limo
- Recreational Vehicle
- Towing Truck
- Fire Trucks
- Others
· Propulsion Outlook (Revenue, USD Billion; 2019–2032)
- Electric Vehicles
- Battery Electric Vehicle
- Fuel Cell Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Gasoline Powered
Regional Analysis of the Advanced Driver Assistance System and Autonomous Driving Components Market :
- 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)
Key Objectives of the Report:
- Analysis and estimation of the Advanced Driver Assistance System and Autonomous Driving Components Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Advanced Driver Assistance System and Autonomous Driving Components Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
About Emergen Research
Emergen Research 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 clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market.
