Advanced Driver Assistance System Market Will Benefit from Recent Technological Advancements, says Fortune Business Insights™
The global advanced driver assistance systems market will grow considerably driven by applications in electric vehicles. According to a report by Fortune Business Insights, titled “ADAS Market Size, Share & Industry Analysis, By Technology Type (Adaptive Cruise Control, Blind Spot Detection System, Park Assistance, Others), By Vehicle Type (Passenger car, Light Commercial vehicle, Heavy Commercial Vehicle), By Sensor Type (LiDAR, Infrared, Ultrasonic, RADAR, Image Sensor), By Offering Type (Software, Hardware) and Regional Forecast, 2019-2026,” the market will derive growth from stringent government policies regarding workplace safety.
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https://www.fortunebusinessinsights.com/industry-reports/adas-market-101897
The report offers insights into the ongoing advanced driver assistance system market trends. It highlights leading companies in the market and discusses the strategies that these companies have adopted in recent years. Forecast values for the market have been provided for the period of 2019-2026. The market has been segmented on the basis of several criteria including application and regional demographics. The competitive landscape scenario has been discussed in detail. Factual figures have been evaluated through trusted sources. The data included in this report has been gathered through interviews and opinions of experienced market research professionals.
Asia Pacific to Lead the Market; Increasing Vehicle Production Will Provide Impetus to Growth
The report analyzes the ongoing ADAS market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific will emerge dominant in the coming years. The increasing vehicle production and sales will open up a huge potential for market growth. Companies in this region are more focused on developing high-end applications, which attracts more consumers. The demand for automated interiors will provide a huge platform for market growth. Besides Asia Pacific, the market in Europe will witness considerable growth in the coming years, driven by the growing product uses in electric vehicle.
Some of the leading companies that are operating in the global ADAS market are:
Autoliv Inc.
Continental AG
DENSO Corporation
Magna International Inc.
ROBERT BOSCH GMBH
Valeo
NXP Semiconductors
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