ADAS Sensors Market Sales to Flatten Due to COVID-19 Pandemic; Key Market Players to Redesign Developmental Strategies

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ADAS Sensors Market Revenue to Decline During
Coronavirus Disruption, Stakeholders to Realign
Their Growth Strategies

• July 2020

Report Id REP-GB-11865 Published On
11-July-2020 Category Automotive
Transportation
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ADAS Sensors Market Analysis
The global ADAS sensors market is poised to
record a double-digit growth from 2020-2030,
according to Future Market Insights' recent
publication. The advent of automation has
brought about paradigm shifts in driving
technologies since the recent past. The advent of
autonomous driving has laid firm ground for the
introduction of advanced driver assistance
systems, or ADAS. However, the market is still in
a niche stage, registering modest revenues
ranging from US 5 Bn- US 8 Bn as compared to
other. The prevention of vehicular road
accidents is a top priority for all the
countries. Every year, a substantial amount of
lives are lost due to road accidents. Against
this backdrop, the adoption of ADAS sensors has
become a top priority. "The ADAS sensors market
shall witness major collaborations between OEMs
and semi-conductor companies to design sensors
for parking systems, adaptive cruise control and
emergency braking," opines an FMI analyst. For
more insights into the market, request a Sample
of this Report _at_ https//www.futuremarketinsights.
com/reports/sample/rep-gb-11865
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ADAS Sensors Market Analysis

• Key Takeaways from FMI's ADAS Sensors Market
  Report
• Passenger cars shall find maximum usage of ADAS
  sensors due to the need for reducing accident
  fatalities
• Radar-based collision avoidance systems shall
  gain maximum traction in semi-autonomous vehicles
• Global ADAS systems market shall expand at an
  impressive 14 CAGR from 2020-2030
• North America to witness maximum adoption of ADAS
  sensors, Asia-Pacific to follow close behind
• ADAS Sensors Market- Key Trends
• Thermal imaging sensors have boded well for the
  ADAS sensors market, helping reduce night-time
  fatalities to a significant extent
• Emphasis on de-icing mechanisms to promote high
  accuracy for all-weather conditions are being
  investigated, providing traction to the ADAS
  sensors market
• Opportunities in ADAS hardware abound for
  prominent market players, thereby uplifting
  market growth prospects

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ADAS Sensors Market Analysis

• ADAS Sensors Market Region-wise Analysis
• Asia-Pacific shall be the largest revenue
  generator, with China spearheading demand for
  park sensors and adaptive cruise control
• Japan South Korea shall enjoy heightened
  revenues, attributed to the involvement of major
  automotive companies such as Volkswagen, Mercedes
  Benz and GM
• Europe is witnessing heightened ADAS sensors
  usage for blind spot detection and reduce
  fatalities
• The United States is an investment hotbed for
  OEMs and component manufacturers
• ADAS Sensors Market- Competitive Landscape
• The ADAS sensors market are resorting to
  innovations by virtue of doling out new products
  based on detection, depth perception, high
  performance and stereo vision. A major challenge
  posed to ADAS sensors manufacturers is the
  problem of communication between two different
  devices. Market players such as Diamler are
  availing the services of research and academic
  institutions to address data fusion challenges
  between non-image and image data.

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ADAS Sensors Market Analysis

• Developments in the short-wave infrared imaging
  sensors (SWIR) are also on the cards. To this
  end, Porsche has collaborated with Israel-based
  TriEye to improve ADAS sensors in the former's
  autonomous vehicle segment. For this project, the
  automotive giant contributed US 2 million as
  capital investment.
• ADAS Sensors Market Taxonomy
• Product Type
• Blind Spot Detection
• Night Vision Sensors
• Light Sensors
• Parking Sensors
• Cruise Control
• Vehicle Type
• Passenger Cars
• Compact
• Midsize
• Luxury
• SUVs

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ADAS Sensors Market Analysis

• Commercial Vehicles
• Heavy Commercial Vehicles
• Sales Channel
• Original Equipment Manufacturers (OEM)
• Original Equipment Spares (OES)
• Independent Aftermarket (IAM)
• Region/Country
• North America
• U.S
• Canada
• Latin America
• Brazil
• Mexico
• Rest of LATAM

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ADAS Sensors Market Analysis

• Europe
• EU-5
• BENELUX
• Russia
• Rest of Europe
• South Asia Pacific
• India
• Thailand
• Indonesia
• Malaysia
• Oceania
• Rest of South Asia
• East Asia
• China
• Japan
• South Korea

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ADAS Sensors Market Analysis

• MEA
• South Africa
• Turkey
• Northern Africa
• Rest of MEA
• Request for covid19 Impact Analysis _at_
  https//www.futuremarketinsights.com/covid19/rep-g
  b-11865
• Find More Valuable Insights on ADAS Sensors
  Market
• FMI in its new market research study, offers an
  unbiased analysis of the ADAS sensors market
  which comprises global industry analysis for
  20152019 and opportunity assessment for the
  20202030. The report offers complete analysis on
  global ADAS sensors market through four different
  categories By Product Type, By Vehicle Type, By
  Sales Channel and region. The global ADAS sensors
  market study provides information of pricing by
  different life cycle analysis, product life
  cycle, key market trends and technologies which
  are being implemented in the production of the
  ADAS sensors market and product adoption in
  various end use industries.

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