Advanced Driver Assistance System Market is projected to grow USD 47 billion in 2028, at a CAGR of 11.10%

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.

An insightful analysis of the industry by Esticast Research & Consulting introduces a worldwide report named as Global Advanced Driver Assistance System Market.

This analysis is informative enough to take you and inside and out judgment for the Advanced Driver Assistance System market state and the dynamic scene globally.

It separates the ability of the Advanced Driver Assistance System Industry in the existing and future forecasts from various edges in detail.

These systems are enabled with sensors, camera and radar to assist drivers and accommodate them with real-time information about the surrounding environment of the vehicle.

The global epidemic of road-crash fatalities and disabilities is gradually being acclaimed as a major public health concern.To Know More About Future Potential Of Advanced Driver Assistance System Industry, Access Sample Report @ https://www.esticastresearch.com/report/advanced-driver-assistance-system-market/#request-for-sampleCompetitive LandscapeThe market is largely fragmented and the vast majority of the players functioning in the global Advanced Driver Assistance System market are taking steps to raise their market footprint, by focusing on product diversification and development, therefore making them seize a superior share of the market.

Aspects such as company profile, product portfolio, recent developments (innovation, M, and collaboration), operating segments, geographical presence, revenue, production, and consumption so on are offered in the report to get a better grip on the company insights.Leading players covered in the global Advanced Driver Assistance System market report (Sales Revenue, Price, Gross Margin, Main Products, etc.

Market OverviewThe driver assistance system market is set to grow at a CAGR of 22.90% during the forecast period 2016 to 2027.

Based on the research report, increasing interest towards vehicle automation will accelerate growth in the market till 2027.

Although growing incidences of software failures will have a negative impact on the global driver assistance system market’s growth during this period.

The types segment is categorized into adaptive cruise control (ACC), adaptive front lighting, blind-spot detection (BSD) system, driver drowsiness system, global positioning system, intelligent park assist system (IPAS), lane departure warning system (LDWS), night vision, tire pressure monitoring system (TPMS), and others.

Based on the market segmentation analysis, the report covers market forecasts.The rise in demand for next-generation driving assistance systems will support the market growth from 2016 to 2027.

The semiconductors and electronics sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom.

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.

New York June 25, 2019 - According to a new report released by Research On Global Markets, the global advanced driver assistance systems (ADAS) market is projected to expand rapidly at a compound annual growth rate (CAGR) of 21.1%, reaching a market value of USD 31.9 Bn in 2023.

According to the report, the global market for advanced driver assistance is segmented into vehicles, sensors, components and regions.

The vehicle segment held a market share of 79% in 2017.

The demand for ADAS is higher in private vehicles as features such as lane assistance, blind spot detection and active cruise control are geared towards personal use.

Factors such as the presence of leading players in the region such as Delphi technologies and Ford, innovations in technology and strict regulations regarding road safety has fuelled the growth of the market in this region.

Market segmentation based on sensors (image sensor, radar sensor, lidar sensor, and others [ultrasonic, infrared and laser sensors]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations8.

Through a secure human Machine interface, ADAS enhance road and vehicle safety for drivers.

Additionally, these electronic devices are designed to improve drivers' awareness, and thus, make the driving experience safer and more enjoyable.

This information is then fed into a central display, which show various road and weather conditions, and other factors that affect driving safety, such as vehicle deformation, bumps and obstructions, and even the presence of hazards, on the road.

This is particularly useful for seniors, who may not be able to respond quickly enough to emergencies when the vehicle in front is making a turn or lane change, and may not be able to take evasive action in time.

Neuro-networks are characterized by large collections of interrelated brain cells.

This enables these brain cells to rapidly recognize the actions of single neurons and to associate those behaviors with the particular state they're in.

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.