ADAS Market Size Worth $68.42 Billion By 2023 | CAGR: 18.07%

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Summary

According to Planet Market Reports study, over the next five years the ADAS market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017.

Press Release

The technology for Advanced Driver Assistance System (ADAS) continues to evolve, largely driven by automotive regulations and consumer demand. ADAS helps drivers stay on top of the driving surroundings for an easier, safer and more comfortable ride. ADAS is the essential step between initial Driver Assistance (DA) systems and fully autonomous cars, and typical solutions include various digital sensors such as RADAR, LIDAR and digital CMOS cameras to capture, fuse and process data from the vehicle driving environment.

Automotive vision, MMW radar and ADAS are the market segments that develop first with the MMW radar market enjoying an impressive growth rate, closely followed by low-speed autonomous driving. While LiDAR, commercial-vehicle autonomous driving and passenger-car autonomous driving markets lag behind.

As the automobile enters an era of ADAS and autonomous driving, product iteration races up and lifecycle of products is shortened. The automotive market is far smaller than consumer electronics market but sees bigger difficulty in design and higher design and production costs than that in consumer electronics market. Thus automotive ADAS and autonomous driving processor is confronted with higher risks. Hence adequate financial and human resources are required to support the development of automotive ADAS and autonomous driving processors. Globally, only very a few enterprises like NXP and Renesas are capable of developing whole series of ADAS and autonomous driving processors.

In particular, this report presents the global market share sales and revenue of key companies in ADAS business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of ADAS market by product type, application, key manufacturers and key regions and countries.

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This study considers the ADAS value and volume generated from the sales of the following segments:

Segmentation by product type:

Hardware
Software

Segmentation by application:

PC
LCV
Buses
Trucks

This report also splits the market by region:

Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

Aisin Seiki
Autoliv
Bosch
Continental
Delphi Automotive
Denso
Freescale Semiconductors
Gentex
Harman International
Hella
Hyundai Mobis
Magna International
Mobileye
NVIDIA
Panasonic
Takata
Texas Instruments
TRW Automotive
Valeo

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global ADAS consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of ADAS market by identifying its various sub segments.
Focuses on the key global ADAS manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the ADAS with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of ADAS submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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