ADAS & Autonomous Driving Components Market
Facts and Figures Regarding Global ADAS & Autonomous Driving Components Market By 2023, Research and Future Growth
The current Global ADAS & Autonomous Driving Components market research report provides a comprehensive overview of various variables that influence the business portfolio, future outlook, present crisis analysis with significant innovations, and product & service segmentation. The research analyzes key statistics on market size, major drivers, growth opportunities & challenges, competitive analysis, and revenue share of leading corporations/industries/companies, namely -
-Delphi Automotive PLC
-DENSO Corporation
-HERE
-IBEO Automotive Systems GmbH
-Infineon Technologies AG
-Intel Corporation
-LeddarTech
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According to the research report, the Global ADAS & Autonomous Driving Components Market is expected to expand at a CAGR of 21% during 2023-28.
Key Driver: Governments of various countries worldwide are mandating the integration of advanced safety features in vehicles, such as LDW (Lane Departure Warning) & AEB (Automatic Emergency Braking), to provide drivers with enhanced safety & comfort and reduce the rising number of road accidents. Several consumers are showing greater interest in autonomous vehicles integrated with advanced technologies like LiDAR, radar sensors, ultrasonic sensors, & HD cameras for data collection that help increase driving accuracy. These ongoing trends in the automotive sector are the major aspects projected to drive the Global ADAS & Autonomous Driving Components Market during 2023-28.
Growth Restraint: ADAS often miscalculates or misinterprets the outside data due to challenging weather or light conditions. It, in turn, results in users facing issues while driving, i.e., the main challenge to the widespread adoption of this technology. Moreover, the high repair cost associated with the application of ADAS is another aspect that poses questions in the minds of potential end users. Hence, these factors are projected to hamper the growth of the Global ADAS & Autonomous Driving Components Market during 2023-28.
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The Market segments are cited below:
Market Divided into, By Level of Automation
-Level 1 (Advanced Driving Assist Systems)
-Level 2 (Partial Automation)
-Level 3 (Conditional Automation)
-Level 4 (High Automation)
-Level 5 (Full Automation)
Market Divided into, By Vehicle Type
-Passenger Car
-Commercial Vehicle
-Light Commercial Vehicle
--Medium Weight Commercial Vehicle
--Heavy Commercial Vehicle
--Ultra Heavy Commercial Vehicle
Market Divided into, By Components Type
-Camera
-Radar
-Ultrasonic Sensors
-LiDAR
--Mechanical Automotive LiDAR
--Solid State Automotive LiDAR
-Electronic Control Unit
Market Divided into, By System
-Adaptive Cruise Control (ACC)
-Adaptive Front Light (AFL)
-Automatic Emergency Braking (AEB)
-Blind Spot Detection (BSD)
-Cross Traffic Alert (CTA)
-Driver Monitoring System (DMS)
-Forward Collision Warning (FCW)
-Intelligent Park Assist (IPA)
-Lane Departure Warning (LDW)
-Night Vision System (NVS)
-Pedestrian Detection System (PDS)
-Road Sign Recognition (Rsr)
-Tire Pressure Monitoring System (TPMS)
-Traffic Jam Assist (TJA)
Regional Landscape includes North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
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Key Citations of the Research Report:
-Influential parameters driving or constraining Market growth
-The Market's response to the Covid-19 pandemic
-A thorough examination of the Market's shifting dynamics
-Assists in determining the profitability by providing thorough insights & assessments of various segments of the Market
-Key strategies adopted by market leaders to maintain their position in the Market
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