Advanced Driver Assistance Systems Market Growing despite COVID-19 Pandemic
The global advanced driver assistance systems market Size is expected to exhibit a robust 13.6% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR).
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The global Driver Assistance System Market is segmented on the basis of type, technology, and region.
By type, the global advanced driver assistance system market Size is segmented into adaptive cruise control, adaptive front-lighting system, intelligent park assist, pedestrian protection, blind-spot detection, drowsiness monitor, a head-up display, and others.
By vehicle type, the global advanced driver assistance system market is segmented into passenger vehicles and commercial vehicles. The passenger vehicles segment is likely to dominate the market over the forecast period.
By sensor type, the global advanced driver assistance system market is segmented into RADAR, LiDAR, camera, and ultrasonic. The RADAR segment is likely to dominate the global market over the forecast period.
Leading players in the global advanced driver assistance systems market include Renesas Electronics Corporation, Texas Instruments Inc., Hella KGAA Hueck & Co., Robert Bosch GmbH, Magna International, Hitachi Ltd., Continental AG, Autoliv Inc., Gentex Corporation, and Delphi Automotive plc.
North America dominates the global advanced driver assistance system market and is likely to remain dominant over the forecast period due to the strong presence of several leading automotive firms in the region. North America has always been a major powerhouse in the automotive industry and is likely to prosper over the forecast period due to the strong presence of major automotive companies in the region. Technological advancements in automotive technology are often developed and innovated in North America, thanks to the heavy investment in research and development from major automotive players in the region.
Europe is also a major regional market for advanced driver assistance systems and is likely to witness steady growth of the advanced driver assistance systems market over the forecast period.
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