[FURL=https://www.industryarc.com/Research/Advanced-Driver-Assistance-Market-Research-510773?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Advanced Driver Assistance Market[/FURL] is estimated to witness $80.1 billion by 2026 with 23.2% CAGR during the forecast period 2021-2026. The advanced driver assistance systems are intended to assist the driver by providing efficiency, comfort, and safety while driving, as well as to improve the safety and security of the passenger, driver, and pedestrian. Moreover rising government involvement of various regions for promoting this Advanced Driver Assistance through investing high amount on such advanced technologies such as LiDAR sensor, head up displays, Automatic emergency braking and mandating various Advanced Driver Assistance systems in all vehicles is estimated to boost the market demand.Key Takeaways
Increasing awareness of vehicle safety and rise in concern for road accidents are major factors driving the market demand.
Stringent government regulations and support to meet the safety standards set by organisations such as the Insurance Institute of Highway Safety are projected to propel market growth.
APAC region account for the largest share of the Advanced Driver Assistance Systems Market owing to the high vehicle production and increased use of advanced electronics in the region.
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Advanced Driver Assistance Market Segment Analysis - By Geography
APAC region account for the largest share 30.5% of the Advanced Driver Assistance Systems Market owing to the high vehicle production and increased use of advanced electronics in the countries such as Japan, South Korea, and China. In 2019, China have made tire-pressure monitoring system mandatory for all vehicle, this regulation boost up the Advanced Driver Assistance industry. Moreover in 2019, the Japanese government has decided that all new and remodelled passenger cars sold in Japan must have automatic-emergency braking (AEB) and is said to mandate by November 2021 hence with such regulation the adoption of Automatic emergency braking by the manufacture will be increased, and thus due to such Standardization of ADAS is driving the demand for Advanced Driver Assistance industry.
Advanced Driver Assistance Market Drivers
Growing demand for safety and driving comfort
Stringent government regulations and support
Advanced Driver Assistance Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Solar Cell Fabric market. Advanced Driver Assistance Market top 10 companies – Continental AG, ZF Friedrichshafen, Veoneer, Denso, Magna International Inc., Infineon Technologies AG, Robert Bosch GmbH, Renesas Electronics Corporation, Texas Instruments, and Valeo.
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