ADAS & Autonomous Driving Components Market Research
A recent research report published by MarkNtel Advisors reveals that the ADAS & Autonomous Driving Components Market is projected to register 21% CAGR during 2023-28. The report encompasses a comprehensive analysis of the industry, entailing latest trends, developments, drivers, restraints, challenges, & opportunities, along with its projected growth trajectory through all segments & geographies in the future.
In the analysis, stakeholders can find insights into the major aspects that are primarily contributing to the swift market expansion, wherin the information is presented in the form of diagrams, pie charts, tables, graphs, & other pictorial representations. Using these representations, the investors can understand the changing dynamics of the ADAS & Autonomous Driving Components Market and plan & lay out strategies to expand their visibility, product portfolio, & customer base and generate massive revenue in the industry.
The historical period considered in the study is 2018-21, the base year 2022, and the forecast period, as cited above, is 2023-28.
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Key Reasons to Buy this Analysis
-This report is a thorough compilation of factors responsible for driving the ADAS & Autonomous Driving Components Market dynamics, projecting its prominent drivers, growth restraints, opportunities, challenges, and emerging and high-potential segments & geographies, among others.
-The study also presents a detailed review of the leading companies operating in the ADAS & Autonomous Driving Components Market, where analysts have closely profiled leaders and put together data comprising their profiles, recent developments, prominent business strategies, initiatives, and mergers & acquisitions, among other parameters.
-Stakeholders or investors can get a hold of a detail-driven, accurate, and reliable information associated with the latest trends in the industry and strategically plan their investments in the future.
-Nonetheless, with the availability of estimation of funds put in by private firms & governments for the swift expansion of this industry along with insights into market expansion across each segment & geographic location, is also covered in this report.
Key Driver: Stringent Safety Standards and the Mounting Demand for Autonomous Vehicles
Governments of various countries worldwide are mandating the integration of advanced safety features in vehicles, such as LDW (Lane Departure Warning) & AEB (Automatic Emergency Braking), to provide drivers with enhanced safety & comfort and reduce the rising number of road accidents. Several consumers are showing greater interest in autonomous vehicles integrated with advanced technologies like LiDAR, radar sensors, ultrasonic sensors, & HD cameras for data collection that help increase driving accuracy. These ongoing trends in the automotive sector are the major aspects projected to drive the Global ADAS & Autonomous Driving Components Market during 2023-28.
ADAS & Autonomous Driving Components Market Segmentation:
The segmentation analysis in the report enlighten s stakeholders with information upon light the overall performance of the ADAS & Autonomous Driving Components Market across different segments & geographies, using which they can strategize their investments to expand the brand visibility, product portfolio, & customer base and yield significant profits in the coming years.
Market Divided into, By Level of Automation
-Level 1 (Advanced Driving Assist Systems)
-Level 2 (Partial Automation)
-Level 3 (Conditional Automation)
-Level 4 (High Automation)
-Level 5 (Full Automation)
Market Divided into, By Vehicle Type
–Light Commercial Vehicle
–Medium Weight Commercial Vehicle
–Heavy Commercial Vehicle
–Ultra Heavy Commercial Vehicle
Market Divided into, By Components Type
–Mechanical Automotive LiDAR
–Solid State Automotive LiDAR
-Electronic Control Unit
Market Divided into, By System
-Adaptive Cruise Control (ACC)
-Adaptive Front Light (AFL)
-Automatic Emergency Braking (AEB)
-Blind Spot Detection (BSD)
-Cross Traffic Alert (CTA)
-Driver Monitoring System (DMS)
-Forward Collision Warning (FCW)
-Intelligent Park Assist (IPA)
-Lane Departure Warning (LDW)
-Night Vision System (NVS)
-Pedestrian Detection System (PDS)
-Road Sign Recognition (Rsr)
-Tire Pressure Monitoring System (TPMS)
-Traffic Jam Assist (TJA)
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The ADAS & Autonomous Driving Components Market is highly fragmented, and geographically, it expands across:
-Middle East & Africa
Competitive Landscape of the ADAS & Autonomous Driving Components Market
This most prominent section of the report entails detailed insights into company profiles, investments & revenue generated, strategic initiatives, geographical presence, and production or service capacities, among other aspects. Every information stated here is a result of a thorough examination of key players & their hold in the industry to enable investors to make informed decisions in the future.
-Analog Devices Inc.
-Delphi Automotive PLC
-IBEO Automotive Systems GmbH
-Infineon Technologies AG
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