The global Adas and autonomous driving components market was valued at $10,544.5 in 2021 and is expected to experience a significant Cagr of 23.5% over the forecast period 2022-2031.

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ADAS and Autonomous Driving Components Market insights and industry analysis by application, by type and region, competitive market size, share, trends and forecast to 2030, major players are Autoliv Inc., Continental AG, Aptiv PLC, DENSO Corporation, Magna International Inc , Murata Manufacturing Co. Ltd, Quanergy Systems Inc, Robert Bosch GmbH, Valeo, ZF Friedrichshafen AG, Analog Device Inc, Infineon Technologies AG, Intel Corporation, NXP Semiconductors, Texas Instruments Incorporated Continental AG, Ibeo Automotive Systems GmbH , Denso Corporation, LeddarTech, Velodyne LiDAR, Other key players

United States, Nov. 24, 2022 (GLOBE NEWSWIRE) — “Global ADAS & Autonomous Driving Components Market” is the title of a recently released report by JCMR’s market research. The research study involved expert opinion and with the help of both primary and secondary data sources, and the efforts were not limited to itself. The research process on a particular market elaborates the study of both impacts; positive or negative on the industry or the market globally. While research report includes various factors such as hіѕtоrісаl date, tесhnоlоgісаl іnnоvаtіоnѕ, gоvеrnmеnt роlісіеѕ аnd mаndаtеѕ, соmреtіtіvе lаndѕсаре, nеw ѕоlutіоnѕ аnd аltеrаtіоnѕ сurrеnt аnd hіѕtоrісаl trend in the market, market еnvіrоnmеnt, tесhnоlоgісаl аdvаnсеmеntѕ in rеlаtеd іnduѕtrіеѕ as well as market growth bаrrіеrѕ аnd сhаllеngеѕ , future scenarios, market opportunities and risks have been covered and the details have been included in the report. The market has been segmented on the basis of enterprises, government/military, individual, regions and countries. The Global ADAS and Self-Driving Components Market Review was valued at $10,544.5 in 2021 is expected to experience a significant CAGR of 23.5% over the forecast period 2022-2031.

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Global ADAS and components for autonomous driving Market Overview:

Self-driving cars, also known as autonomous vehicles, are a key innovation in the automotive industry with high growth potential, serving as a catalyst in automotive technology development. The establishment of a supportive regulatory framework, government funding and investment in digital infrastructure is expected to have a significant impact on the growth of the market during the forecast period. Technological advances such as adaptive algorithms, sensor processing, high-definition mapping, and improved infrastructure are driving various companies to step up the production of autonomous vehicles. The market offers a wide range of products and systems that comprise the infrastructure for autonomous vehicles. Autonomous vehicles allow non-drivers and people with certain disabilities to travel independently. It allows travelers to travel with greater comfort and flexibility, allowing them to read, rest or even work while on the road, increasing their efficiency. It will also reduce the cost of paid drivers for commercial vehicles and taxis. Other benefits, such as increased safety with lower risk of accidents and increased road capacity with lower costs, will drive market adoption of these vehicles.

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Global ADAS and components for autonomous driving Market Dynamicity:

The market for advanced driver assistance systems (ADAS) will grow significantly as consumer awareness of car safety ratings increases and cameras and radars become more widespread. ADAS technologies are being adopted by leading original equipment manufacturers to achieve higher levels of safety and attract more customers. As a result, major original equipment manufacturers (OEMs) make safety features standard on all models or offer them as options. As a result, the demand for components such as cameras, radar sensors, ultrasonic sensors and LiDARs will increase. For advanced driver assistance systems to work properly, basic road infrastructure such as marked lanes, structured roads and GPS accessibility are required. The market for advanced driver assistance systems in developing countries is hampered by factors such as lack of adequate driving training or discipline, financial constraints and inadequate infrastructure outside urban areas. The COVID-19 outbreak has also caused financial crises, further delaying the development of state-of-the-art transportation infrastructure.

The deployment of driverless vehicles is expected to completely transform commuting. Driving has become considerably less complicated thanks to technological advances in ADAS systems such as lane monitoring, emergency braking, stability controls and many others. In terms of data collection, self-driving cars rely on cutting-edge technologies and systems such as LiDAR, radar, ultrasonic sensors and high-definition cameras. An intelligent autonomous driving system integrated in the vehicle analyzes this data to drive the vehicle safely. Tesla, Volkswagen, Ford, General Motors and Waymo will all be releasing fully autonomous versions of their vehicles over the next few years. Insurance companies and their service providers need to be able to identify which ADAS features are present on each vehicle in order to efficiently and accurately price policies and manage insurance claims with a better understanding of repair costs and of the vehicle’s value.

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Global ADAS Market and Components for Autonomous Driving Regional classification and analysis:

Regional segmentation in the global ADAS and autonomous driving components market includes North America, Europe, South Asia, South America & the Middle East & Africa. North America currently accounts for the largest revenue in global ADAS and autonomous driving components. In 2031, the Asia-Pacific market is expected to have revenues of USD XX and is expected to register a САGR higher than the forecast period by 26.6%.

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Global ADAS and components for autonomous driving Market Segmentation:

For vehicle types:

  • Passenger car

  • Light commercial vehicle

  • Truck

  • Bus

By level of autonomy:

  • Level 1 (Advance Driving Assist System – ADAS)

  • Level 2 (partial automation)

  • Level 3 (Conditional Automation)

  • Level 4 (High Automation)

  • Level 5 (full automation)

By component type:

  • Camera

  • Radar

  • LiDAR

  • Electronic control unit

  • Ultrasonic sensor

By application

By propulsion:

  • Battery Electric Vehicles (BEV)

  • Hybrid Electric Vehicles (HEV)

  • Plug-in hybrid electric vehicle (PHEV)

  • Fuel Cell Electric Vehicle (FCEV)

By region:

Key players:

  • Autolive Inc.

  • continental AG

  • aptiv PLC

  • DENSO Corporation

  • Magna International Inc

  • Murata Manufacturing Co. Ltd

  • Quanergy Systems Inc

  • Robert Bosch GmbH

  • Valeo

  • ZF Friedrichshafen AG

  • Analog Device Inc

  • Infineon Technologies AG

  • Intel company

  • NXP semiconductors

  • Texas Instruments Incorporated Continental AG

  • Ibeo Automotive Systems GmbH

  • Denso Corporation

  • Leddar Tech

  • VelodyneLiDAR

  • Other key players

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