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Global advanced driver assistance systems market forecast 2018 to 2023

Among the sensor technologies, image sensors dominated the market with a 30.6% share which generated a revenue of USD 3.2 Bn for the global advanced driver assistance system market. Get more detailed insights into the various market segments of the ADAS market.

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Global advanced driver assistance systems market forecast 2018 to 2023

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  1. Aarkstore Market Research

  2. Global Advanced Driver Assistance Systems Market (2018 – 2023)

  3. Summary • The global advanced driver assistance systems (ADAS) market is projected to expand rapidly at a compound annual growth rate (CAGR) of 21.1%, reaching a market value of USD 31.9 Bn in 2023.

  4. Vehicle segment insights • The demand for ADAS is higher for private vehicles since features such as blind spot detection (BSD), lane assistance, and active cruise control (ACC) are geared for personal use. This is why it held a market share of 79% in 2017. • Recent regulations that mandate the use of ADAS features in commercial vehicles is a crucial factor that will fuel the growth of the segment, with an expected CAGR of 24% during the 2018–2023 period.

  5. Regional insights • North America, occupying approximately 34% of the global market, is the leader in the ADAS market. The presence of leading players in the region (such as Ford and Delphi Technologies), strict regulations regarding road safety, and innovations in technology have fuelled the growth of the market in this region. • Asia-Pacific, being the fastest-growing automotive market, is anticipated to expand at the highest CAGR of 28.6% during the forecast period. Latin America and the Middle East and Africa markets, though still at nascent stages, are also anticipated to experience high growth.

  6. Major players • Continental AG • Autoliv Inc. • Delphi Technologies • Denso Corporation • Bosch • Magna International • BMW AG • Ford Motor Co. • Aisin Seiko Co., Ltd. • Mobileye

  7. Related Report • Global Luxury Car Market By Vehicle Type (Hatchback, Sedan, SUV & Others), By Fuel Type (Petrol, Diesel & Others), By Engine Capacity (<2500cc, 2500-5000cc & >5000cc), By Region, Competition, Forecast & Opportunities, 2024 • Global Automotive Advanced Driver Assistance System Market Report 2019 - Market Size, Share, Price, Trend and Forecast • Europe Automotive Advanced Driver Assistance System Market Report (2014-2024) - Market Size, Share, Price, Trend and Forecast

  8. About Us Aarkstore forms global market research reports from various industry verticals serving businesses worldwide. As market research report resellers, we partner with already established publishers for syndicated data and customized reports. Consequently, market research data by us is up-to-date and reliable for Industry analysis and future market forecasts.

  9. ContactUs • Phone:+91 7710006788Email :contact@aarkstore.com Aarkstore Enterprise

  10. For More Details visit:https://www.aarkstore.com/automotive/1654545/global-advanced-driver-assistance-systems-market Thank You

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