ADAS Technology Market to See Competition Rise | Aptiv, Autoliv, Velodyne Lidar
According to HTF Market Intelligence, the Global ADAS Technology market to witness a CAGR of 10.7% during forecast period of 2023-2028. The market is segmented by Global ADAS Technology Market Breakdown by Component (LiDAR, Radar, Camera, Sensors) by System (ACC, DMS, IPA, PDS< TJA, FCW, RSR, LDW, AEB, BSD) by Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The ADAS Technology market size is estimated to increase by USD 19.17 Billion at a CAGR of 10.7% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 27.23 Billion.
HTF Market Intelligence published a new research publication on ADAS Technology Market Insights, to 2028″ with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the ADAS Technology market was mainly driven by the increasing R&D spending across the world, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are Aptiv (United States), Autoliv (Sweden), Velodyne Lidar (United States), Hitachi Astemo (Japan), Gentex (United States), Veoneer (Sweden), Delphi Technologies (United Kingdom), Synopsys (United States), Robert Bosch (Germany), aiMotive (Hungary)
Definition:
Advanced Driver Assistance Systems (ADAS) technology refers to a range of features and systems installed in vehicles that enhance the safety and driving experience of the driver. ADAS technology includes features such as collision avoidance systems, adaptive cruise control, lane departure warnings, and automatic emergency braking.
Market Trends:
Increasing demand for advanced safety features in vehicles.
Market Drivers:
Government regulations and initiatives promoting road safety.
Market Opportunities:
Collaboration between automotive and technology companies to develop and integrate ADAS technology.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of ADAS Technology Market: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
Key Applications/end-users of ADAS Technology Market: ACC, DMS, IPA, PDS< TJA, FCW, RSR, LDW, AEB, BSD
Actual Numbers & In-Depth Analysis of Global ADAS Technology Market Size Estimation and Trends Available in Full Version of the Report.
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