The global automotive ADAS market is expected to reach a considerable value by 2026, expanding at a substantial CAGR during the forecasted period from 2020 to 2026. The Automatic advanced-driver assistance system (ADAS) are electronic systems that help the driver while driving or parking. They are designed with a human-machine interface to reduce road accidents and increase car safety.


Automotive ADAS Market Executive Summary


These systems use electronic technology such as electronic control units, microcontrollers, and power semiconductors. Most of the road accidents are caused due to human errors, these systems are designed to automate, enhance, and improve vehicle safety and driving experience. ADAS alert the driver about any potential problems or collision by taking over control of the vehicle. Factors such as advancement in technology, advent of electric vehicles, autonomous vehicles, improved government policies, and growing awareness about safety have catalyzed the market growth for these systems. Tesla is one such company that is developing ADAS and exporting it to other countries. The Asia Pacific region is growing rapidly in terms of adoption of these systems, countries such as India, China, Japan, Indonesia, Singapore, and South Korea are investing in R&D to develop new products and improve the existing technology. Rapidly growing population, increased number of accidents, improved road infrastructure, and comfortable driving experience have bolstered the demand for automatic advanced device-assistance system and is predicted to continue the same in the forecasted period.


Market Trends, Drivers, Restraints, and Opportunities:

The rapid advancement in technology, improved safety features, government policies to legalize and implement advance driver assistance systems, increased disposable income, and improved customer satisfaction are some of the factors driving the growth for the automotive ADAS market.

The latest trend in automotive ADAS system market is that it helps in reducing the traffic congestion and road accidents. The sensors attached in these systems detect roadblocks easily and helps the driver in navigation.

The automotive ADAS system is costly; also, it requires a large amount of initial investment in R&D. These factors are hampering the growth for the automotive ADAS market.

The advent of the latest technologies such as sensors, actuators IoT devices, and Autonomous vehicles is anticipated to inhibit market growth in the coming years and is expected to open many opportunities for the automotive ADAS market.

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