Advanced Driver-Assistance Systems (ADAS) Market 2020-2026

Advanced Driver-Assistance Systems (ADAS) Market Size, Share & Trends Analysis Report, By Technology (Camera, LiDAR, Radar, Wi-Fi), By System (Adaptive Cruise Control, Intelligent Park Assist, Electronic Stability Control, Automatic Emergency Braking, Blind Spot Detection, Driver Monitoring System, Forward Collision Warning, Lane Departure Warning, Night Vision System, Pedestrian Detection System, Other), By Type (Two-Wheeler, Passenger Cars, Commercial Vehicle, and Construction Equipments) and Forecast, 2020-2026.

The global ADAS market is expected to witness a significant growth rate during the forecast period. The major factor augmenting the market is the safety and comfort increased due to the technology in the vehicle. Globally, road accidents are at peak and most of the accident involves human errors and it can be reduced by the use of ADAS system. One of the major restraints of the market is the additional cost associated with the ADAS.

The ADAS market is divided based on technology, system, and vehicle type. By technology, the market is further divided into Cameras, LiDAR, Radar, and Wi-Fi. By vehicle type, the market is segmented into two-wheelers, passenger cars, commercial vehicles, and construction equipment. The passenger vehicle segment is expected to have a major market share along with a considerable growth rate during the forecast period.

Based on geography, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific region is expected to show a significant growth rate during the forecast period owing to the high rate of road accidents, cohesive government regulations, increasing disposable income, and so on. Economies that will contribute significantly to the market include China, India, Japan, South Korea, and Indonesia.

Further, some of the major players contributing to the growth of the ADAS market include Aptiv PLC, Continental AG, Hyundai Mobis Co. Ltd., Robert Bosch GmbH, Valeo SA, and others. These market players are contributing to the market by adopting various market approaches including product launch and approvals, merger and acquisition, partnerships and collaborations, and others for gaining a strong position in the market.

Research Methodology

The market study of the ADAS market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for ADAS hardware manufacturers, ADAS software vendors, automakers, auto-ancillary companies, and new entrants into the market, potential investors, venture capitalists, government organizations, and various end-user industries for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the company, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

1. Global ADAS Market Research and Analysis by Technology
2. Global ADAS Market Research and Analysis by System
3. Global ADAS Market Research and Analysis by Type

The Report Covers:

• Comprehensive research methodology of the global ADAS market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global ADAS market.
• Insights about market determinants that are stimulating the global ADAS market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.