The Global ADAS and Autonomous Driving Components Market is projected to reach USD 118.03 billion in 2027.
The rising number of government initiatives globally related to the safety of the vehicles coupled with the rising demand for safe and efficient vehicles are the major factors attributing to the growth of the ADAS market over the forecasted period.
The research report provides an in-depth evaluation of the Global ADAS and Autonomous Driving Components Market and helps the market participants intensify their footprints in the industry. The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period.
LiDAR sensor is the most important sensor for an autonomous automotive vehicle. Self-driving or autonomous vehicles being tested by companies such as Uber, Alphabet, Toyota, and others rely heavily on these types of sensors to locate themselves on the detailed maps they need to get around and to identify things like other vehicles and pedestrians.
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The global ADAS and Autonomous Driving Components market features various crucial elements such as market trends, market size, market share, revenue, sales network and distribution channels, production and consumption patterns and rate, supply and demand ratio, and other strategic business decisions, to offer a better understanding of the key competitors and allow the readers to implement these fruitful strategies to expand their businesses.
Key players in the market include Robert Bosch, ZF Friedrichshafen, Denso, Continental AG, Valeo, Magna International, Veoneer, Hyundai Mobis, Aptiv, and Analog Devices., among others.
It offers a lucid picture of current trends in the global ADAS and Autonomous Driving Components market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
System Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Adaptive Cruise Control
Adaptive Front Light
Automatic Emergency Braking
Blind Spot Detection
Road Sign Recognition
Traffic Jam Assist
Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Propulsion Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Battery Electric Vehicle
Fuel Cell Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle
Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
ADAS and Autonomous Driving Components Market Region:
The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
The report considers the following timeline for market estimation:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
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