Driver Assistance System Market Share, Emerging Trends, Business Growth Opportunities, Major Driving Factors
Advanced Driver Assistance Systems Market
The advanced driver assistance systems market has a wide range of active and passive systems designed to assist the driver by providing comfort, safety, and efficiency while driving. It promotes the safety of the driver, pedestrian, and passenger. It has multiple features like sensors, cameras, radars, and software that helps in function. The emergency braking, park assist, adaptive cruise control, blindspot detection, and lane warning departure system are a few systems included in the ADAS. Artificial intelligence has taken the advanced driver assistance system market to the next level.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/794
The expansion in industrialization and urbanization, rise in disposable income, and improving living standards are impacting the advance Driver Assistance System Market positively during the predicted period. The global Advanced Driver Assistance Systems (ADAS) Market is estimated to grow from $27.52 billion in 2021 to $58.59 billion in 2028 at a CAGR of 11.4%. The global pandemic Covid-19 has been unusually shocking and unexpected, with clear aligners witnessing a negative stock demand across the regions. The covid crisis started disruption in the supply chain and suspension of vehicle production, which brought a halt in the automotive industry. This is a result the market went to the decline phase in 2020.
The advance driver assistance system market is segmented under the following components:-
By system type
Adaptive cruise control
Blind spot detection
Lane departure warning system.
Autonomous emergency braking
Tire pressure monitoring
Forward collision warning
By component type
By vehicle type
Light commercial vehicles (LCV)
Heavy commercial vehicles (HCV)
North America:- U.S. (by vehicle type), Canada, Mexico, Europe, U.K, Germany, France
Asia Pacific:- China, India, Japan, South Korea
Rest of the World:- Brazil, South Africa, other in a row.
The Asia Pacific is estimated to dominate the advanced driver assistance systems market share due to the high production of vehicles. The market in the Asia Pacific reached USD 11.37 billion in 2020 and is expected to grow the largest market share in the upcoming years. The technological advancements in manufacturing plants in China, India, and others are expected to boost their market development.
Europe is mostly predicted to hold the second-largest market share because of the imposition of stringent emission regulations. This is the factor expected to boost product adoption, which helps in the growth and development of the Europe market. In North America, the fastest advanced driver assistance systems, adoption and the presence of prominent manufacturing companies are expected to uplift market development.
Global advanced driver assistance systemmarket assessed to grow with a note way rate during 2020-2027.
Euro NCAP tests will soon include scoring of driver assistance systems, and Thatcham Research, the U.K.’s only Euro NCAP accredited partner, is leading the research.
Get complete Report @ https://www.marketresearchfuture.com/reports/driver-assistance-system-market-794
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)