Vehicle Insurance

Global Advanced Driver Assistance System (ADAS) Market is expected to reach USD 31.95 Bn by 2023 with a CAGR of 21.1% during 2018-2023

The adoption of ADAS applications such as ACC, BSD, LDW and night vision are leading to reduction in the number of accidents. It has been projected that the number of road accidents would increase in developing countries, thereby leading to market growth in terms of revenue

Global Advanced Driver Assistance System (ADAS) Market 2018 Research Report Scenario is expected to reach USD 31.95 Bn by 2023 with a CAGR of 21.1% during 2018-2023.

ADAS are systems that support, complement or substitute the driver of a vehicle. These systems help drivers to avoid collisions and accidents. It is a set of systems used in vehicles to provide an intelligent and comfortable driving experience. They use radar and cameras to assist the drivers by providing real-time information about the surroundings. ADAS is leading the way for autonomous vehicles. These systems are the foundation of next-generation automotive electronic safety systems and autonomous cars. A vehicle’s ADAS can detect objects and alert the driver of hazardous conditions or impending danger.

Sample Copy of Research Study –
https://www.marketresearchexplore.com/report/global-advanced-driver-assistance-system-adas-market-2018-2023-/176876#enquiry

The increasing government initiatives for mandating driver assistance system in order to lower road accidents is expected to proliferate market growth. Higher adoption of these systems in small cars is anticipated to further boost the market demand. Rising levels of technological innovation as well as growing initiatives towards vehicle automation and self-drive cars have raised the demand for the safety of the driver and assistance systems over the past decade. The adoption of ADAS applications such as ACC, BSD, LDW and night vision are leading to reduction in the number of accidents. It has been projected that the number of road accidents would increase in developing countries, thereby leading to market growth in terms of revenue. For instance, the European Union has mandated the automotive manufacturers to fit ADAS systems such as LDW and AEB systems in all heavy commercial vehicles weighing over 7,000 kgs.

MarketResearchExplore

Based On Profile & Business Performance Progressive Contestant In The Market Are:

Manufacturers – Continental AG, Autoliv Inc., Delphi Technologies, Denso Corporation, Bosch, Mobileye

 

Application/Type – Based on vehicle – The market is segmented into passenger and commercial vehicles.
Based on sensors – The market is divided into image, radar, lidar and other sensors (ultrasonic, infrared and laser sensors).

 

What’s covered in the report?

1. Overview of the global ADAS learning market.
2. Market drivers and challenges of the global ADAS market.
3. Market trends in the global ADAS market.
4. Historical, current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the ADAS market.

With the given market data, Market Research Explore offers customization’s according to specific needs -:
https://www.marketresearchexplore.com/report/global-advanced-driver-assistance-system-adas-market-2018-2023-/176876

The significant attributes of Advanced Driver Assistance System (ADAS) market such as technological trends and dynamic structure are covered in this report. The Advanced Driver Assistance System (ADAS) report provides a prime insight of market which aid to monitor future productivity and to take critical business development decisions.

Furthermore, it enables readers to assimilate the qualitative information about market developing elements, potential investment options in Advanced Driver Assistance System (ADAS) market, import/export strategies, demand and supply estimations, product price, revenue, and total profitability of a business. The overview section in this report gives a perception of upcoming challenges and threats to market players and novices.

Note: The Table of Contents (Toc) provided above contains the targeted coverage. The coverage is subject to change as we progress with the research.

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As one of the lead news writers & editors on theinsuranceday, Stanley's specialization lies in the finance domain. Stanley's take on the impact of finance technologies across the banking, insurance, and business domains gives his writing a fresh and modern outlook.

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