mattjohnsonreal

The new report by Expert Market Research titled, ‘Global Advanced Driver Assistance Systems (ADAS) Market Report and Forecast 2020-2025’, gives an in-depth analysis of the global advanced driver assistance systems (ADAS) market, assessing the market based on its segments like offerings, sensor types, system types, levels of autonomy, distribution channels, vehicle types, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2015-2025)
  • Historical Market Size (2019): USD 25.04 Billion
  • Forecast CAGR (2020-2025): 17%
  • Forecast Market Size (2025): USD 65 Billion
The global advanced driver assistance systems (ADAS) market is being driven by the rising awareness regarding road and vehicular safety, propelled by the rising incidences of road accidents globally. The rising car sales in developing countries is expected to catalyze the market in the coming years. The market is further expected to be aided by the implementation of government regulations to ensure road safety and to mitigate the risks of road accidents. To this end, governments in countries like the United States, the United Kingdom, France, and Germany have implemented regulations mandating the inclusion of advanced driver assistance systems (ADAS) within new vehicles. The adoption of such regulations has ensured that North America and Europe remain as some of the leading markets for advanced driver assistance systems (ADAS). The prominent presence of the key players in the industry, as well as the large established automotive industry in the region, is expected to further propel the market growth in these regions.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/advanced-driver-assistance-systems-adas-market

Following

Back
Top