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In this report, the global Advanced Driver Assistance Systems (ADAS) market to reach 51 billion USD by 2022 from 11 Billion USD in 2016, growing at a CAGR of 26.98% between 2016 and 2022.

In 2015, parking assist systems held the largest share in the market owing to the development of the partial and fully autonomous cars.

This system helps the driver to safely park the cars in the exhaustive and challenging situation by giving a full perspective of the vehicle back side including the blind spots.

Download Free Sample Report @ https://www.radiantinsights.com/research/global-advanced-driver-assistance-systems-adas-market-2020-2026/request-sample The classification of Advanced Driver Assistance Systems (ADAS) includes Adaptive Cruise Control (ACC), Lane Departure Warning (LDW) System, Park Assist, Blind Spot Detection and Other.

The European Advanced Driver Assistance System market is expected to hold the largest share by 2022 owing to the major driving factors such as matured automotive sector, higher adoption of advanced technology, and high consumer preference for the driver safety and safety regulations.

The expansion of European Automotive market will drive the growth of ADAS market After Germany and the UK; the US is expected to be the next emerging country for the global ADAS market.

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According to the new market research report "ADAS Market by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, EV, and Region - Global Forecast to 2030", Advanced Driver Assistance System Market size is projected to grow from USD 27.0 billion in 2020 to USD 83.0 billion by 2030, at a CAGR of 11.9%.The increasing adoption of ADAS & safety features, the focus of governments to enhance vehicle and pedestrian safety, initiatives by OEMs to provide advanced safety features, and the advent of autonomous vehicles will surge the demand for ADAS.Vehicle production was low in April 2020 in major European countries and the US due to the ongoing COVID-19 pandemic.

Earlier, the ADAS Market was expected to witness rapid growth from 2022 onward as major safety regulations are outlined to be imposed, and deployment of autonomous driving systems was planned during the same timeline.

OEMs are still skeptical about the recovery of vehicle sales to 2019 levels in 2020.The ADAS Market is dominated by global players such as Robert Bosch (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso (Japan), Aptiv (UK), Valeo (France), Hyundai Mobis (South Korea), Veoneer (Sweden), Magna International (Canada).Startups: Luminar Technologies (US), ADASKY (Israel), Bright Way Vision (Israel), TriEye LTD (Israel).Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1201TPMS is expected to be the largest segment in the ADAS MarketA tire pressure monitoring system (TPMS) uses sensors to detect tire pressure levels and alert the driver when the tire pressure is low.

Such large-scale regulation of TPMS has spiked its penetration in major automotive markets.

Further growth of the TPMS segment will depend on increasing vehicle production and its implementation across all vehicle types, post-2022.LCV segment will be a key market for ADASLight commercial vehicles (LCVs) are most often used for last-mile distribution and personal travel.

OEMs are also increasing investments in this segment to include more comfort features such as those in passenger cars in the LCV segment.An increase in safety awareness and demand for driving comfort among consumers will be prominent factors for the growth of the LCV segment in the advanced driver assistance system market.

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Among all the vehicles type segments, the passenger vehicle type is dominating and it held major share of $45.62 billion in 2017 and is projected to reach $121.165 million by 2023 at a CAGR of 19.11%.

To access full report click on below link:https://industryarc.com/Report/20/advanced-driver-assistance-systems-market.htmlAdvanced Driver Assistance Systems Analysis done in the full Report:The growth of the automotive industry in the ADAS Market is expected to be $1971 million at a CAGR of 16.1% by 2023.

Excerpts on Market Growth Factors:• Automobile manufacturers are combining wireless and smartphone technology with automotive electronics that provides solutions to the consumer needs.

Manufacturers are focusing on Human Machine Interface frameworks and new interfaces.

• There is a difference between the demand generated by the regulations imposed by government bodies and the changing preferences of the consumers.

By Geography(covers 14+ countries)E.  Market Entropy Companies Cited/ Interviewed 1.