Advanced Driver Assistance Systems (ADAS) Market - Forecast(2021 - 2026)

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Advanced Driver Assistance Systems
(ADAS) MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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• The ADAS Market is forecast to reach 91.8
  billion by 2025, by growing at a CAGR of
  20.9 during the forecast period 2019-2025. The
  market is mainly driven by the technological
  advancements in the sensor technology. For
  instance, improved technology in radar and lidar
  sensor has increased the accuracy in measuring
  distance between the vehicle and the object. 
• Due to these advancement in sensor technology,
  ADAS device are now able to perform more complex
  operation such as adaptive cruise control, blind
  spot monitor, collision avoidance system, lane
  departure warning systems, and driver monitoring
  system. 

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• Key Takeaways
• The advancement in sensor technology has
  increased the capability of ADAS system which is
  anticipated to drive the market during the
  forecast period 2019-2025.
• The market is consolidated with top players
  holding approximately 60 of the market share. 
  The market is witnessing partnership between
  automotive manufacturers, ADAS technology
  providers, and sensor manufacturers to optimize
  the supply chain.
• APAC contributes the majority of the market share
  owing to growing production of passenger vehicle.
  Similarly, the government initiatives in India to
  mandate ADAS system in vehicle is likely to
  accelerate the demand for the product in this
  region.

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ADAS Market Segment Analysis - By Geography APAC
holds the major share of ADAS market due to an
increase in production of passenger cars from
43,505 thousand in 2018 to 44,646 thousand by
2019. As a lot of modern day passenger car
manufacturers are widely adopting ADAS system,
the ADAS market is likely to grow along with
increase in the number of passenger car.
Similarly, countries like India are also focusing
on improving its road safety in the country. The
government in India is planning to mandate
integration of ADAS system in every passenger
vehicle to improve traffic condition and lessen
road accidents by 2022. Thus, ADAS system is
likely to witness significant demand from India
during 2019-2022. 
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• Advanced Driver Assistance Systems (ADAS) Market
  Industry Outlook 
• Magna International Inc.
• Mobileye
• Gentex Corporation
• Hyundai Mobis
• VOXX International Corporation

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Advanced Driver Assistance Systems (ADAS) Market
- Forecast(2021 - 2026) Learn More About the
Report _at_ https//www.industryarc.com/Report/20/
advanced-driver-assistance-systems-market.html
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• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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