Automotive sector

What is the impact of ADAS and autonomous driving components on the automotive sector?

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Market Size – USD 24.05 billion in 2019, Market Growth – CAGR of 21.9%, Market Trends – Growing automotive industry proliferated growing need for security

VANCOUVER, BC, CANADA, April 25, 2022 /EINPresswire.com/ — The global market for ADAS and autonomous driving components is expected to reach USD 118.03 billion in 2027.

Growing number of government initiatives globally related to vehicle safety coupled with growing demand for safe and efficient vehicles are the major factors attributed to the growth of the ADAS market over the forecast period.

The Global ADAS and Autonomous Driving Components Market report offers in-depth analysis of global market size, regional and country level market analysis, segment growth, competitive landscape, sales analysis, market analysis. industry chain, opportunities, recent developments, regulatory framework, market growth analysis and market strategic initiatives.

The LiDAR sensor is the most important sensor for an autonomous motor vehicle. Self-driving or self-driving vehicles tested by companies such as Uber, Alphabet, Toyota and others rely heavily on these types of sensors to locate themselves on the detailed maps they need to get around and to identify things like other vehicles and pedestrians.

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The Driving Components market exhibits various crucial elements such as market trends, market size, market share, revenue, sales network and distribution channels, production and consumption patterns and rates, the supply/demand ratio and other strategic business decisions, to offer a better understanding of the key competitors and enable the readers to implement these successful strategies to grow their business.

Major market players include Robert Bosch, ZF Friedrichshafen, Denso, Continental AG, Valeo, Magna International, Veoneer, Hyundai Mobis, Aptiv, and Analog Devices, among others.

It offers a clear picture of the current trends in the global ADAS and Autonomous Driving Components market, with an unbiased perspective of major market players, key regions/countries, end-use industries, and various product types.

System Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Adaptive cruise control

Adaptive front lighting

Automatic emergency braking

Blind spot detection

Road sign recognition

Traffic jam assistance

Others

Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Tourism vehicle

mid-size car

Sedan

Minivan

Others

Light commercial vehicle (LCV)

Compact

Commercial vehicle

Others

Heavy utility vehicle (HCV)

moving truck

Limousine

Others

Propulsion Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Electric vehicles

Battery electric vehicle

Fuel cell electric vehicle

Hybrid electric vehicle

Plug-in hybrid electric vehicle

Gasoline powered

Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Image sensor

LiDAR sensor

Ultrasonic sensor

Infrared sensor

radar sensor

Laser

Capacitive sensor

Others

!!! Take advantage of the discount offer!!! Quick Buy – ADAS and Autonomous Driving Components Market Report: https://www.emergenresearch.com/request-discount/93

ADAS and Autonomous Driving Components Market Region:

The report majorly focuses on the key market regions where the market is split including North America, Latin America, Europe, Asia-Pacific, Middle East & Africa. The report further focuses on the key market segments such as product types, application spectrum, technology, end-user industries, among others.

The report considers the following timeline for market estimation:

Historical years: 2017-2018

Base year: 2019

Estimated year: 2027

Forecast years: 2020-2027

Important Features of ADAS and Autonomous Driving Components Market Report:

In-depth analysis of the competitive landscape to offer readers key insights into the driving and restraining factors as well as strategies adopted by major players

Assessment of existing and emerging business trends

Detailed analysis of emerging growth opportunities and threats and limitations that players may face in the coming years

Significant market breakdown to assess the factors likely to influence the growth of the global market

An 8-year forecast to better understand the operation and growth opportunities of the market

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The LiDAR sensor is the most important sensor for an autonomous motor vehicle. Self-driving or self-driving vehicles tested by companies such as Uber, Alphabet, Toyota and others rely heavily on these types of sensors to locate themselves on the detailed maps they need to get around and to identify things like other vehicles and pedestrians.

Access the full description of the report:

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