Advanceddriver assistance system (ADAS) is a high-tech safety system that supports avehicle’s driver while driving, improving comfort, efficiency, performance, andsafety while lowering the number of road fatalities. ADAS companies usemotorized technology, like sensors and cameras, to detect nearby obstacles ordriving errors and react appropriately.

Theautomatic mechanisms of ADAS are designed to reduce traffic accidents byreducing human error. Safety features are intended to prevent accidents andcollisions by providing technologies that warn the driver of hazards, installprotections, and, if required, take control of the vehicle. Adaptivecharacteristics could even automate lighting, provide adaptive cruise control,aid in collision avoidance, incorporate satnav/traffic warnings, warn driversof potential obstacles, assist in lane departure and lane centering, providenavigational assistance via smartphones, and many other functions.

Leading ADAS companies
Asper extensive investigation of Verified Market Research analysts, its marketcap was USD 35.32 Billion in 2019. The study helped inconcluding that it will spike to a market valuation of USD 146.54 Billion by 2027. Look at Global ADAS Companies’Market Report for understanding about the jump of this market (CAGR of 21.0% from 2020 to2027).

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ZF Friedrichshafen
ZF Friedrichshafen is a Germanautomotive component manufacturer. It is largely renowned for its design,research and development, and production activities in the automobile industry,despite its engineering specialization. It is a global supplier of drivelineand chassis technology for cars and trucks. It has also specialized in plantequipment and construction equipment. It also has a presence in the rail,maritime, defense, and aviation industries, as well as other industrialapplications.

Valeo
Valeo is a multinational automotive supplier. It provides OEMsand the aftermarket with a wide range of products. Its approach focuses ondevelopment and innovation in high-growth prospective regions and emergingcountries. The strengths of the company are Comfort and Driving AssistanceSystems, Powertrain Systems, Thermal Systems, Visibility Systems, andAftermarket.

Nvidia Corporation
Nvidia Corporation is aDelaware-based American multinational technology business. It creates graphicsprocessing units (GPUs) for gaming and professional applications, as well assystems on a chip (SoCs) for mobile computing and automotive applications. Itsprincipal GPU line, dubbed “GeForce,” competes directly with Advanced MicroDevices’ “Radeon”-branded GPUs (AMD). Workstations with its professional GPUsare utilized in sectors including architecture, engineering, and construction,media and entertainment, automotive, scientific research, and manufacturingdesign.

Magna International Inc.
Magna International Inc. is a Canadianautomotive mobility technology firm. It is one of Canada’s largestcorporations. Since 2001, the company has continually ranked in the FortuneGlobal 500 list as the largest vehicle parts maker in North America by sales oforiginal equipment components. It manufactures automotive systems, assemblies,modules, and components for GM, Ford Motor Company, and FCA, as well as BMW,Mercedes-Benz, Volkswagen, Toyota, Tesla, and Tata Motors, among others.

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Continental AG
Continental AG is a worldwide automobile partsmanufacturer. The company is an expert in brake systems, interior electronics,automotive safety, powertrain and chassis components, tachographs, tires, andother automotive and transportation elements.

Hella KGaA Hueck & Co.
Hella KGaA Hueck & Co. is a globallyactive German automobile part supplier. The company creates and manufactureslighting and electronic components and systems for the automotive industry. Itis one of Europe’s largest trade associations for automotive parts,accessories, diagnostics, and services.

Intel Corporation
Intel Corporation is a multinationaltechnology company. It is the world’s largest semiconductor chip producer interms of sales, and it is the creator of the x86 series of microprocessors,which are used in the majority of personal computers (PCs). Intel’s work is atthe center of a slew of new ideas. Intel technology is at the heart ofeverything from huge achievements like self-driving cars and coral reefrestoration to everyday improvements like movie effects and improved shoppingexperiences.

Driving towards safety
Growingconsumer awareness of car safety ratings and lower component prices due to thewidespread use of cameras and radars will be key growth drivers for the ADASmarket. ADAS systems are being used by major automakers in order to attainimproved safety ratings and attract more customers. As a result, top automakerseither standardize safety systems across models or offer them as options. As aresult, the demand for components such as cameras, radar sensors, ultrasonicsensors, and LiDAR would increase due to the rising penetration of ADASfeatures.

However,for ADAS to function properly, it requires fundamental infrastructure such aswell-organized roadways, lane marking, and GPS availability. The expansion ofthe ADAS market in developing countries is hampered by a lack of infrastructureoutside of urban areas, financial considerations, and poor driving training ordiscipline.

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