Global ADAS Industry Insights and Growth Outlook to 2026 | Includes Profiles of Leading Players Autoliv, Continental, Denso, Magna Int'l, Bosch, Texas Instruments, Valeo, ZF, and More

News provided by

Nov 26, 2021, 13:15 ET

DUBLIN, Nov. 26, 2021 /PRNewswire/ -- The "Advanced Driver Assistance Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global advanced driver assistance systems market exhibited strong growth during 2015-2020. Looking forward, the market is projected to grow at a CAGR of around 13% during 2021-2026.

The rising global population, inflating income levels and the growing automotive sector are among the key factors positively influencing the sales of ADAS systems across the globe. Moreover, these systems assist in automating and improving the vehicles for a better and safe driving experience, which is strengthening the market growth.

Apart from this, the rising number of vehicles on roads has increased traffic congestions and instances of accidents worldwide. As a result, governments of various countries are imposing stringent regulations to enhance the safety of vehicles and prevent road accidents. For instance, the National Highway Traffic Safety Administration (NHTSA) in the United States has undertaken numerous initiatives to promote the use of automated vehicles and ADAS systems to reduce road fatalities.

The market is anticipated to witness growth in the coming years on account of the increasing inclination of individuals towards improved safety and security features, comfort and luxury in vehicles.

Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global advanced driver assistance systems market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on solution type, component type and vehicle type.

Breakup by Solution Type

Adaptive Cruise Control
Blind Spot Detection System
Park Assistance
Lane Departure Warning System
Tire Pressure Monitoring System
Autonomous Emergency Braking
Adaptive Front Lights
Others

Breakup by Component Type

Processor
Sensors
Radar
Ultrasonic
LiDAR
Others
Software
Others

Breakup by Vehicle Type

Passenger Cars
Commercial Vehicles

Breakup by Region

North America
Asia-Pacific
Europe
Latin America
Middle East & Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

Autoliv Inc.
Continental AG
Denso Corporation
Hyundai Mobis Co. Ltd. (Hyundai Motor Group)
Magna International Inc.
Mobileye (Intel Corporation)
Robert Bosch GmbH
Texas Instruments Incorporated
Valeo
ZF Friedrichshafen AG

For more information about this report visit https://www.researchandmarkets.com/r/8grplc

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets