ADAS Market
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Demand for Safe, Efficient, and Convenient Driving Experience is<br />
Expected to Drive the <strong>ADAS</strong> <strong>Market</strong><br />
The report "<strong>ADAS</strong> <strong>Market</strong> by System (ACC, AFL, DMS, NVS, IPA, PDS, TJA, FCW, CTA, RSR, LDWS, AEB, &<br />
BSD), Component (Radar, LiDAR, Ultrasonic, and Camera Unit), Vehicle (PC, LCV, Buses, & Trucks), Offering<br />
(Hardware, Software), EV, and Region - Global Forecast to 2025", The advanced driver assistance system<br />
(<strong>ADAS</strong>) market is estimated to be USD 24.24 billion in 2018 and is projected to reach USD 91.83 billion by<br />
2025, at a CAGR of 20.96%. The market is principally driven by the increasing demand for a safe, efficient, and<br />
convenient driving experience. The increasing demand for autonomous vehicles has also fueled the <strong>ADAS</strong><br />
market. Driver errors can be minimized by transforming the vehicle into a self-driving unit as automated<br />
driving technology helps to reduce the errors caused by drivers. <strong>ADAS</strong> would play a crucial role in reducing the<br />
number of road accidents and would lead to a safe, productive, and efficient driving experience.<br />
Browse 108 market data Tables and 48 Figures spread through 175 Pages and in-depth TOC on "<strong>ADAS</strong><br />
<strong>Market</strong> by System (ACC, AFL, DMS, NVS, IPA, PDS, TJA, FCW, CTA, RSR, LDWS, AEB, & BSD), Component<br />
(Radar, LiDAR, Ultrasonic, and Camera Unit), Vehicle (PC, LCV, Buses, & Trucks), Offering (Hardware,<br />
Software), EV, and Region - Global Forecast to 2025"<br />
https://www.marketsandmarkets.com/<strong>Market</strong>-Reports/driver-assistance-systems-market-1201.html<br />
Early buyers will receive 10% customization on reports.<br />
Radar sensor is the fastest growing segment of <strong>ADAS</strong> market, by component<br />
The increased traffic congestion, roadways infrastructure, and government regulations for vehicle safety will<br />
drive the growth of various radar-based <strong>ADAS</strong> applications. The rising trend of autonomous and semiautonomous<br />
vehicles in the automobile industry is projected to be another major driver for the global<br />
automotive radar market.<br />
Hybrid Electric Vehicle (HEV) to acquire the largest share of <strong>ADAS</strong> market, by electric vehicle type<br />
HEV is estimated to hold the largest share of the <strong>ADAS</strong> market, by electric vehicle. Stringent emission norms,<br />
environment safety, vehicle electrification, and government regulations are expected to boost the market for<br />
<strong>ADAS</strong> in HEV segment. Governments around the globe are promoting the sale of electric vehicles by offering<br />
incentives to customers and subsidies to electric vehicle OEMs. Government incentives are expected to drive<br />
the <strong>ADAS</strong> market for electric vehicles.<br />
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Asia Pacific: The largest market for the <strong>ADAS</strong> market<br />
The Asia Pacific region is estimated to hold the largest share, by value, of the <strong>ADAS</strong> market in 2018. The<br />
demand for <strong>ADAS</strong> in this region is triggered by the increasing vehicle production in China and India and the<br />
increasing number of luxury vehicles in China and Japan. This region is also the leading producer of<br />
automobiles in the world.<br />
The report analyzes all major tier I suppliers in the <strong>ADAS</strong> market. Robert Bosch (Germany), Continental<br />
(Germany), ZF Friedrichshafen (Germany), Intel (US), and Aptiv (UK) are some of the leading suppliers in the<br />
<strong>ADAS</strong> market.<br />
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