Global Advanced Driver Assistance System MarketPosted by NISHA SHAHA on November 23rd, 2021 Global Advanced Driver Assistance System Market size was valued at USD 26.65 billion in 2020 and is expected to grow to USD 79.27 in 2030 at a compound annual growth rate (CAGR) of 11.5%. Advanced driver assistance systems (ADAS) are a collection of electronic technologies that help drivers with driving and parking. ADAS improves automotive and road safety by providing a safe human-machine interface. ADAS use automated technologies such vehicle sensors and cameras to identify surrounding impediments and driver faults and respond appropriately. Because the majority of traffic incidents are caused by human error, ADAS are designed to automate, adapt, and improve vehicle technology for greater safety and driving. By reducing human error, ADAS has been shown to reduce road deaths. Safety features are intended to prevent accidents and crashes by providing technologies that notify the driver to potential hazards, as well as applying other measures. The report \" Global Advanced Driver Assistance System Market, By Solution (Adaptive Cruise Control, Blind Spot Detection System, Park assistance, Lane Departure Warning System, Tire Pressure Monitoring System, Autonomous Emergency Braking, Adaptive Front Lights, and Others), By Sensor Type (Radar, Ultrasonic, LiDAR, and Others), By Vehicle Type (Passenger car and Commercial vehicle), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2030’’Key Highlights:
Analyst View: The ADAS market will benefit from increased awareness of car safety ratings and lower component prices due to the widespread use of cameras and radars. ADAS systems are being used by major automakers in order to attain improved safety ratings and attract more customers. As a result, top automakers either standardise safety systems across models or offer them as options. As a result, throughout the forecast period, demand for components such as cameras, radar sensors, ultrasonic sensors, and LiDAR would increase due to the rising penetration of ADAS features. Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Advanced Driver Assistance System Market, By Solution (Adaptive Cruise Control, Blind Spot Detection System, Park assistance, Lane Departure Warning System, Tire Pressure Monitoring System, Autonomous Emergency Braking, Adaptive Front Lights, and Others), By Sensor Type (Radar, Ultrasonic, LiDAR, and Others), By Vehicle Type (Passenger car and Commercial vehicle), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2030”To know the upcoming trends and insights prevalent in this market, click the link below: https://www.prophecymarketinsights.com/market_insight/Global-Advanced-Driver-Assistance-System-1004 Key Market Insights from the report: The Global Advanced Driver Assistance System Market size was valued at USD 26.65 billion in 2020 and is expected to grow to USD 79.27 in 2030 at a compound annual growth rate (CAGR) of 11.5%. The global advanced drive assistance system market is segmented into solution, sensor types, vehicle types, and region.
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