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ADAS Market Worth 91.83 Billion USD by 2025PUNE, India, June 20, 2018 /PRNewswire/ -- According to a new market research report "ADAS Market by System (ACC, AFL, DMS, NVS, IPA, PDS, TJA, FCW, CTA, RSR, LDWS, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, and Camera Unit), Vehicle (PC, LCV, Buses, & Trucks), Offering (Hardware, Software), EV, and Region - Global Forecast to 2025", published MarketsandMarkets™, the Advanced Driver Assistance System (ADAS) Market is estimated to be USD 24.24 billion in 2018 and is projected to reach USD 91.83 billion by 2025, at a CAGR of 20.96%. (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg ) The market is principally driven by the increasing demand for a safe, efficient, and convenient driving experience. The increasing demand for autonomous vehicles has also fueled the ADAS market. Driver errors can be minimized by transforming the vehicle into a self-driving unit as automated driving technology helps to reduce the errors caused by drivers. ADAS would play a crucial role in reducing the number of road accidents and would lead to a safe, productive, and efficient driving experience. Browse 108 market data Tables and 48 Figures spread through 175 Pages and in-depth TOC on "ADAS Market" https://www.marketsandmarkets.com/Market-Reports/driver-assistance-systems-market-1201.html Early buyers will receive 10% customization on this report Radar sensor is the fastest growing segment of ADAS market, by component The increased traffic congestion, roadways infrastructure, and government regulations for vehicle safety will drive the growth of various radar-based ADAS applications. The rising trend of autonomous and semi-autonomous vehicles in the automobile industry is projected to be another major driver for the glbal automotive radar market. Ask for PDF brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=1201 Hybrid Electric Vehicle (HEV) to acquire the largest share of ADAS Market, by electric vehicle type HEV is estimated to hold the largest share of the ADAS Market, by electric vehicle. Stringent emission norms, environment safety, vehicle electrification, and government regulations are expected to boost the market for ADAS in HEV segment. Governments around the globe are promoting the sale of electric vehicles by offering incentives to customers and subsidies to electric vehicle OEMs. Government incentives are expected to drive the ADAS market for electric vehicles. Asia Pacific: The largest market for the ADAS market The Asia Pacific region is estimated to hold the largest share, by value, of the ADAS Market in 2018. The demand for ADAS in this region is triggered by the increasing vehicle production in China and India and the increasing number of luxury vehicles in China and Japan. This region is also the leading producer of automobiles in the world. The report analyzes all major tier I suppliers in the ADAS market. Robert Bosch (Germany), Continental (Germany), ZF Friedrichshafen (Germany), Intel (US), and Aptiv (UK) are some of the leading suppliers in the ADAS market. Know more about the ADAS Market: About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:
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