Markntel Advisors’ report, ADAS & Autonomous Driving Components Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the ADAS & Autonomous Driving Components presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

ADAS & Autonomous Driving Components Market Research Report & Market Summary:

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. 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.

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ADAS & Autonomous Driving Components Market Dynamics:

Key Driver-

Stringent Safety Standards & the Mounting Demand for Autonomous Vehicles - Governments of various countries worldwide are mandating the integration of advanced safety features in vehicles, such as LDW (Lane Departure Warning) & AEB (Automatic Emergency Braking), to provide drivers with enhanced safety & comfort and reduce the rising number of road accidents. Several consumers are showing greater interest in autonomous vehicles integrated with advanced technologies like LiDAR, radar sensors, ultrasonic sensors, & HD cameras for data collection that help increase driving accuracy. These ongoing trends in the automotive sector are the major aspects projected to drive the Global ADAS & Autonomous Driving Components Market during 2023-28.

ADAS & Autonomous Driving Components Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Level of Automation

  • Level 1 (Advanced Driving Assist Systems)
  • Level 2 (Partial Automation)
  • Level 3 (Conditional Automation)
  • Level 4 (High Automation)
  • Level 5 (Full Automation)

By Vehicle Type

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

Of them all, passenger cars hold a significant share of the Global ADAS & Autonomous Driving Component Market. It owes to the surging consumer demand for enhanced safety features & comfort in sedans, hatchbacks, station wagons, SUVs, & MUVs, etc., on account of their improving disposable incomes, coupled with the growing penetration of luxury & autonomous vehicles worldwide. 

By Components Type

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

Here, LiDAR is projected to attain a notable market share in the coming years. Amongst the most promising sensor-based technologies for autonomous or self-driving cars, LiDAR technology makes vehicles aware of their surroundings and helps eliminate collision risk while driving.

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.

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

As indicated in the latest market research report published by Markntel Advisors, “ADAS & Autonomous Driving Components Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the ADAS & Autonomous Driving Components industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/global-adas-autonomous-driving-components-market.html

Top Companies Operating in the ADAS & Autonomous Driving Components Market:

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

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

Key Report Highlights:

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

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  2. What are the trends influencing the current scenario of the market?
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  4. How has the industry been evolving in terms of geography & ADAS & Autonomous Driving Components Market adoption?
  5. How has the competition been shaping up across the geography?
  1. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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