Global Advanced Driver Assistance System (ADAS) Sensors Market, By Sensor Type (Temperature Sensor, Radar Sensor, LiDAR Sensor, Infrared sensor, Laser Sensor, Ultrasonic Sensor, Pressure Sensor, Others), Application (Adaptive Cruise Control (ACC), Adaptive Head Lamp (AHL), Automatic/Intelligent Emergency Braking (AEB), Blind Spot Detection System (BSD), Cross Traffic Alert (CTA), Drowsiness Monitor System (DMS), Lane Departure Warning System (LDS), Night Vision, Park Assist (PA), Surround View Camera System (SVC), Time Pressure Monitoring System, Others), Vehicle Type (Passenger Cars, Commercial Vehicles), Distribution Channel (Original Equipment Manufacturer (OEM), Original Equipment Spares (OES), Independent Aftermarket (IAM)),Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Advanced Driver Assistance System (ADAS) Sensors Market
The advanced driver assistance system (ADAS) sensors market size is valued at USD 42.30 billion by 2028 and is expected to grow at a compound annual growth rate of 14.10% over the forecast period of 2021 to 2028. Data Bridge Market Research report on advanced driver assistance system (ADAS) sensors market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Advanced driver assistance system (ADAS) sensor is the backbone of the ADAS architecture. These systems are the systems which are employed in vehicles to warn, monitor and control the vehicles with partial and compete override of the driver.
The advanced driver assistance system (ADAS) sensors market has a huge potential to grow over the forecast period of 2021 to 2028, owing to the growing awareness among the drivers in safety applications and regulations by the governments. In addition, the increasing spending on research on ADAS in fully autonomous vehicles and progression toward autonomous vehicles with proper accessories are also largely influencing the growth of the advanced driver assistance system (ADAS) sensors market. Also the high per capita incomes as well as the increasing popularity of CMOS image sensors in camera-based ADAS are another driver flourishing the advanced driver assistance system (ADAS) sensors market growth. Additionally, the growing awareness regarding driving safety and rising initiatives and regulations defined by road safety authorities are projected to witness significant growth in the above mentioned forecast period.
However, the market of advanced driver assistance system (ADAS) sensors though has certain limitations which can obstruct the potential growth of the market such as the lack of required infrastructure in developing countries as well as high cost of ADAS sensors, whereas the maintaining balance between cost and quality have the potential to challenge the growth of the advanced driver assistance system (ADAS) sensors market in the above mentioned forecast period.
In addition, the rising research and development spending on ADAS sensors and accelerated high growth of automotive manufacturing in developing economies will further offer various growth opportunities for the advanced driver assistance system (ADAS) sensors market in the forecast period of 2021 to 2028.
This advanced driver assistance system (ADAS) sensors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the advanced driver assistance system (ADAS) sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Advanced Driver Assistance System (ADAS) Sensors Market Scope and Market Size
The advanced driver assistance system (ADAS) sensors market is segmented on the basis of sensor type, application, and vehicle type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of sensor type, the advanced driver assistance system (ADAS) sensors market is segmented into temperature sensor, radar sensor, LIDAR sensor, infrared sensor, laser sensor, ultrasonic sensor, pressure sensor and others.
- On the basis of application, the advanced driver assistance system (ADAS) sensors market is segmented into adaptive cruise control (ACC), adaptive head lamp (AHL), automatic/intelligent emergency braking (AEB), blind spot detection system (BSD), cross traffic alert (CTA), drowsiness monitor system (DMS), lane departure warning system (LDS), night vision, park assist (pa), surround view camera system (svc), time pressure monitoring system and others.
- Based on vehicle type, the advanced driver assistance system (ADAS) sensors market is segmented into passenger cars and commercial vehicle. Passenger cars have further been segmented into compact, midsize, luxury and SUVs. Commercial vehicle has further segmented into light commercial vehicles and heavy commercial vehicles.
- The distribution channel segment of the advanced driver assistance system (ADAS) sensors market is segmented into original equipment manufacturer (OEM), original equipment spares (OES) and independent aftermarket (IAM).
Advanced Driver Assistance System (ADAS) Sensors Market Country Level Analysis
The advanced driver assistance system (ADAS) sensors market is analyzed and market size, volume information is provided by country, sensor type, application, vehicle type and distribution channel as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America and Europe leads the advanced driver assistance system (ADAS) sensors because of the growing awareness regarding driving safety as well as the increasing initiatives and regulations defined by road safety authorities in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the growth of automotive industry in major economies along with growing penetration of advanced driver assistant system (ADAS) in budget passenger cars in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Advanced Driver Assistance System (ADAS) Sensors Market Share Analysis
The advanced driver assistance system (ADAS) sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to advanced driver assistance system (ADAS) sensors market.
The major players covered in the advanced driver assistance system (ADAS) sensors report are AISIN SEIKI Co., Ltd., Autoliv Inc., Robert Bosch GmbH,Continental AG,BorgWarner Inc., DENSO CORPORATION, GENTEX CORPORATION, HARMAN International,HELLA GmbH & Co. KGaA, HYUNDAI MOBIS,Magna International Inc., NXP Semiconductors,Panasonic Automotive Systems Europe GmbH,FINNA SENSORS,Oxford Technical Solutions Ltd.,Texas Instruments Incorporated,Valeo,ZF Friedrichshafen AG,Siemens and FLIR Systems, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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