Global Automotive Advanced Driver Assistance System (ADAS) Market 2021-2025

Global Automotive Advanced Driver Assistance System (ADAS) Market 2021-2025

Technavio has been monitoring the automotive advanced driver assistance system (ADAS) market and it is poised to grow by $ 18.99 bn during 2021-2025 progressing at a CAGR of 8% during the forecast period. Our reports on automotive advanced driver assistance system (ADAS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the decline in sensor prices, increase in travel time, and stringent regulations promoting adoption of ADAS. In addition, Decline in sensor prices is anticipated to boost the growth of the market as well.

The automotive advanced driver assistance system (ADAS) market analysis includes technology segment, application segment and geographical landscapes.

Technavio's automotive advanced driver assistance system (ADAS) market is segmented as below:

By Technology

• AEBS
• TPMS
• PAS
• Others

By Application

• Passenger cars
• Commercial vehicles

By Geographical Landscapes

• Europe
• North America
• APAC
• South America
• MEA

This study identifies the growing development of AI-enabled ADAS solutions as one of the prime reasons driving the automotive advanced driver assistance system (ADAS) market growth during the next few years. Also, integration of map contents in ADAS, and adoption of V2X technology to enhance ADAS performance will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on automotive advanced driver assistance system (ADAS) market covers the following areas:

• Automotive advanced driver assistance system (ADAS) market sizing
• Automotive advanced driver assistance system (ADAS) market forecast
• Automotive advanced driver assistance system (ADAS) market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive advanced driver assistance system (ADAS) market vendors that include Aptiv Plc, Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Intel Corp., Magna International Inc., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG. Also, the automotive advanced driver assistance system (ADAS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.