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In terms of region, the global market for Advanced Driver Assistance Systems is divided into North America, Europe, Asia Pacific, and Rest of the World. Report analyzes Advanced Driver Assistance Systems Market Upcoming Trends, SWOT, Country Analysis, with business development strategies, And key players insights.Key players in global Advanced Driver Assistance Systems market studied are:
Robert Bosch Automotive Steering GmbH, DENSO CORPORATION, Panasonic Corporation, Delphi Automotive LLP, Valeo, Magna International Inc, HELLA KGaA Hueck & Co., Continental AG, Hitachi Ltd., and ZF Friedrichshafen AG
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The players in the global Advanced Driver Assistance Systems market are aiming towards business expansion by increasing their research and development expenditure and through strategic mergers and acquisitions in order to sustain the competitive environment of the global Advanced Driver Assistance Systems market.
Advanced Driver Assistance Systems Global Market Highlights:
Key questions answered in this report –
What will the market size, share, trends forecast for Advanced Driver Assistance Systems Industry in coming years?
What will be the key market trends in Advanced Driver Assistance Systems Industry?
Which factors is driving this Advanced Driver Assistance Systems Global market?
What are the challenges that Advanced Driver Assistance Systems Global Industry facing?
Who are the key Players in this industry?
What are the market opportunities?
What are the strengths and weaknesses of the key Companies?
Advanced Driver Assistance Systems Global Market Growth Drivers:
The increasing number of road accidents has propelled the adoption of safety features in vehicles. This, in turn, is expected to fuel the growth of the advanced driver assistance systems market over the next couple of years. The safety feature of the technology also benefits the pedestrians, which is anticipated to have a positive influence on the market expansion.
Advanced driver assistance systems are also gaining traction of the market due to enhanced driving experience. Additionally, it offers different features such as automated lighting, automatic brake, incorporates traffic warnings, adaptive cruise control, connection with smartphones, danger alert, etc. These are projected to favor the proliferation of the advanced driver assistance system market over 2023. Other factors responsible for the growth of the advanced driver assistance system market include mandating enforcements by governments, booming automotive sector, increasing disposable income, etc.
Advanced Driver Assistance Systems Industry Segments Analysis:
The Advanced Driver Assistance Systems market is segmented based on technology, vehicle, radar type, and region.
By technology, the advanced driver assistance systems market has been segmented into adaptive cruise control, adaptive front lights, intelligent park assist, pedestrian protection, blind spot detection, drowsiness monitor, head up display, and others.
By vehicle type, the global advanced driver assistance systems market is segmented into passenger vehicle and commercial vehicle.
By radar type, the advanced driver assistance systems market has been segmented into radar sensor, lidar sensor, camera sensor, and ultrasonic sensor.
Advanced Driver Assistance Systems Regional Market Analysis:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World.
The market for advanced driver assistance systems is expected to grow in the North American region with an increase in demand for automobiles, majorly in the United States. Existence of major manufacturers in this region combined with availability of sophisticated technologies enables the advanced driver assistance systems market to flourish. In the European region, the commercial vehicles are expected to grow with a CAGR of 10.58%, owing to the growth in the home delivery sector. For the safe distribution of goods and efficient city transportation, original equipment manufacturers in the European region are focusing on the advanced safety features for these vehicles, which will be a major driver for market growth in the region.
The U.K, Germany, and France account for most of the market share of advanced driver assistance systems in this region. The growth of the Asia-Pacific region can be attributed to the increase in adoption of passenger cars and therefore, the increase in adoption of ADAS in the passenger cars. The recent shift in the preference from mileage to vehicle looks and features is also expected to result in the high demand for advanced driver assistance systems. The global advanced driver assistance systems market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector.
Major Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
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