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  • What is the Future Scope of ADAS Market amidst COVID-19?




    (Transportation-News.com, April 14, 2020 ) The ongoing COVID-19 pandemicand the worldwide reaction to ithas compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic.



    At MarketsandMarkets, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the ADAS Market. We are working diligently to help companies take rapid decisions by studying:



    The impact of COVID-19 on the ADAS Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market

    The rapid shifts in the strategies of the Top 50 companies in the ADAS Market

    The shifting short-term priorities of the top 50 companies clients and their client's clients



    You can request an in-depth analysis detailing the impact of COVID-19 on the ADAS Market:





    https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1201



    According to the recent 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 2027"published by MarketsandMarkets, The advanced driver assistance system (ADAS) market is estimated to be USD 30.0 billion in 2019 and is projected to reach USD 134.9 billion by 2027, at a CAGR of 20.7%.



    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 in-depth TOC on ADAS Market

    174 Tables

    48 Figures

    175 Pages



    Download PDF Brochure:



    https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1201



    The radar sensor is the fastest-growing segment of the 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 global automotive radar market. The increased traffic congestion, infrastructure roadways, government regulations for vehicle safety, and the adoption of automotive radar-based ADAS technology by OEMs has eventually created opportunities for various radar-based ADAS applications.



    Hybrid Electric Vehicle (HEV) to acquire the largest share of the ADAS market, by electric vehicle type



    HEV is estimated to hold the largest share of the ADAS market, by electric vehicles. Stringent emission norms, environment safety, vehicle electrification, and government regulations are expected to boost the market for ADAS in the HEV segment. ADAS is installed in HEVs for increasing passenger safety and also mitigate imminent accidents. Hence, an increase in demand for safer, efficient, and convenient driving experience will propel the demand for ADAS.



    Hyundai Ioniq and Toyota Prius are the top-selling hybrid cars. Hyundai Ioniq is fitted with ADAS features such as adaptive cruise control, automatic emergency braking, and lane departure warning. Toyota Prius is equipped with ADAS as a pedestrian detection system, adaptive front light, collision avoidance system, adaptive cruise control, intelligent park assists, and lane departure warning.



    Request Sample Pages:



    https://www.marketsandmarkets.com/requestsampleNew.asp?id=1201



    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 safety regulations are present in a few Asia Pacific countries such as Japan and South Korea, and demand in these countries is anticipated to be on a rise for the next 5 years. Countries such as China, South Korea, and Japan are estimated to come up with vehicle and road safety regulations regarding the installation of ADAS in vehicles due to the growing population as well as vehicle demand.



    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.



    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.



    MarketsandMarketss 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.



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