ADAS & Autonomous Driving Components Future Business Opportunities 2023-2028

According to recent findings, the Global ADAS Autonomous Driving Components Market is expected to grow at a CAGR of around 21% during the forecast period, i.e., 2023-28.

At MarkNtel Advisors, we continuously monitor and analyze industry trends to provide reliable insights that support informed decision-making and the key factors contributing to the market's promising outlook.

ADAS Autonomous Driving Components Overview:

Most of the market is likely to be driven by the swiftly improving economic conditions of people their rising inclination toward connected autonomous cars for enhanced comfort convenience, coupled with strict government mandates for automakers to include advanced safety features like ADAS (Advanced Driver Assistance Systems) in their vehicles.

More more people are becoming aware of the benefits of ADAS, such as Lane Keeping Assist, Blind Spot Indication, Braking Assist, Adaptive Cruise Control and Parking Assist, i.e., another prominent aspect augmenting the demand for these technologies in vehicles and, in turn, stimulating the overall market growth. Furthermore, influenced by the transition from assisted driving to fully automated driving as well as swift improvements in sensor technologies, high-definition mapping, adaptive algorithms, leading automakers are actively working toward expanding their production capacities and taking vehicle automation to Level 3 even beyond.

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ADAS Autonomous Driving Components Outlook and Future Trends :

Add Trends.

Global ADAS Autonomous Driving Components Segmentation Analysis:

By Vehicle Type

Passenger Car
Commercial Vehicle
- Light Commercial Vehicle
- Medium Weight Commercial Vehicle
- Heavy Commercial Vehicle
- Ultra Heavy Commercial Vehicle

According to reports,Of them all, passenger cars hold a significant share of the Global ADAS Autonomous Driving Component Market.

By Components Type

Camera
Radar
Ultrasonic Sensors
LiDAR
- Mechanical Automotive LiDAR
- Solid State Automotive LiDAR
Electronic Control Unit

According to reports,Here, LiDAR is projected to attain a notable market share in the coming years.

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)

By Region

North America
South America
Asia-Pacific
Europe
Middle East Africa.

According to reports, Of all regions globally, Asia-Pacific is expected to acquire a prominent share of the ADAS Autonomous Driving Component Market during 2023-28.

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Some of the Market players in the Global ADAS Autonomous Driving Components are:

Analog Devices Inc.
Autoliv Inc
Continental AG
Delphi Automotive PLC
DENSO Corporation
HERE
IBEO Automotive Systems GmbH
Infineon Technologies AG
Intel Corporation
LeddarTech.

ADAS Autonomous Driving Components Recent Development:

In February 2023, ZF Friedrichshafen AG launched OnTraX Lane Keeping Assist Technology, combined with ReAX adaptive steering, for 2023 PACCAR Trucks to help enhance fleet efficiency driver safety:

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