ADAS Market Overview
ADAS Market Research Report - is comprehensive research with in-depth data and contemporary analysis of the ADAS market at a global, regional and key country level, covering different sub-segments of the industry.
The automotive industry is set to experience a few structural changes in the near term due to the rapid developments in novel technologies. Artificial intelligence (AI) and machine learning will significantly transform the manufacturing process improving robotic efficiency, accuracy, and consistency. Level 2 automation including active safety systems and driver assistance is allowing OEMs to add attractive features and bolster revenue growth. However, the full-fledged rollout of level 4 autonomous vehicles is expected to witness further delays for the technology to mature and for consumers to accept.
Impact of COVID-19 on ADAS market
ADAS market is quickly reaching its pre-COVID levels and a healthy growth rate is expected over the forecast period driven by the economic revival in most of the developing nations. Frequent suspension of public transport systems coupled with the highly contagious nature of the virus propelled the need for passenger cars leading to the derived demand for ADAS products.
However, unprecedented situations due to expected third and further waves of the pandemic are creating a gloomy outlook. This study endeavors to evaluate different scenarios of COVID impact on the future of the ADAS market from 2021 to 2028.
ADAS Market Structure and Strategies of key competitors
Companies operating in ADAS business are strategizing moves to enhance their market share highlighting their USP statements, diversifying product folio, and adding attractive features being a few of the key winning strategies. The report offers detailed profiles of top companies serving the ADAS value chain along with their strategies for the near, medium, and long term period.
ADAS Market Trends, Growth Opportunities, and Forecast Scenarios to 2028
Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the ADAS supply chain posing challenges for manufactures in the ADAS industry. Intense competition, fluctuating prices, and shifting OEM preferences are expected to be the major challenges for ADAS Market during the forecast period.
The fast pace recovery of developing economies leading to increased disposable income will support the ADAS market demand between 2021 and 2028.
The ADAS research report portrays the latest trends shaping the ADAS industry along with key demand drivers and potential challenges anticipated for the market during the outlook period.
ADAS Market Analysis by Types, Applications and Regions
The research estimates global ADAS market revenues in 2021, considering the ADAS market prices, supply, demand, and trade analysis across regions. A detailed market share and penetration of different types, processes, and geographies in the ADAS market from 2001 to 2028 is included.
The report covers North America, Europe, Asia Pacific, Middle East, Africa, and LATAM ADAS market statistics from 2020 to 2028 with further division by leading product types, processes, and distribution channels of ADAS. The status of the ADAS market in 16 key countries over the world is elaborated to enable an in-depth understanding of the ADAS industry.
What's Included in the Report
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