The global Adas and Autonomous Driving Components Market was valued at US$ 10,544.5 million in 2021 and is expected to register a significant growth rate of 23.5% over the forecast period 2022-2031.  |  JC Market Research

The global Adas and Autonomous Driving Components Market was valued at US$ 10,544.5 million in 2021 and is expected to register a significant growth rate of 23.5% over the forecast period 2022-2031. | JC Market Research

JC Market Research

JC Market Research

ADAS and Autonomous Driving Components Market Overview and Industry Analysis by Application, 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

USA, Nov. 24, 2022 (GLOBE NEWSWIRE) — “Global ADAS and Autonomous Driving Components Market” is the title of a recently released report by market researcher JCMR. It is possible to realize in a way to know and with the help of how the data, and isn’t the data anyway The process of researching a particular market elaborates the study of the two impacts; positive or negative on the industry or the global market. 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, opportunities and market risks have been covered and details included in the report. The market has been segmented on the basis of enterprise, government/military, individual, region and country. The global ADAS and Autonomous Driving Components market revenue was valued at US$10,544.5 million in 2021 and is projected to register a significant CAGR of 23.5% over the forecast period 2022-2031.

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Global ADAS and autonomous driving components Market Insight:

Self-driving cars, also known as self-driving vehicles, are a key automotive industry innovation with high growth potential, acting as a catalyst for automotive technology development. Creation of a favorable regulatory framework, government funding and investment in digital infrastructure are expected to have a significant impact on the growth of the market over the forecast period. Advances in technology such as adaptive algorithms, sensor processing, high-definition mapping, and improved infrastructure are prompting various companies to accelerate production of autonomous vehicles. The market offers a diverse range of products and systems that make up the infrastructure of autonomous vehicles. Autonomous vehicles allow non-drivers and people with certain disabilities to travel independently. It allows travelers to travel with more comfort and flexibility, allowing them to read, rest or even work on the road, increasing their efficiency. It will also reduce the cost of paid drivers for commercial vehicles and taxis. Other advantages, such as increased safety with reduced accident risks and increased road capacity at lower cost, will promote the adoption of these vehicles by the market.

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Global ADAS and autonomous driving components Market Dunams:

The Advanced Driver Assistance Systems (ADAS) market will witness significant growth as consumers become more aware of car safety ratings and cameras and radars are more widely deployed. ADAS technologies are being adopted by major original equipment manufacturers to achieve higher safety ratings and attract more customers. As a result, major original equipment manufacturers (OEMs) incorporate safety features as standard on all models or offer them as options. As a result, the demand for components such as cameras, radar sensors, ultrasonic sensors and LiDAR will increase. For advanced driver assistance systems to work properly, basic road infrastructure such as marked lanes, structured pavements and GPS accessibility are required. The market for advanced driver assistance systems in developing countries is hampered by factors such as lack of training or proper driving discipline, financial constraints, and insufficient infrastructure outside of urban areas. The COVID-19 outbreak has also caused financial crises, further delaying the development of cutting-edge transport infrastructure.

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

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

Region segmentation in the global ADAS and autonomous driving components market includes North America, America, Asia, North America and Middle East & Africa. North America currently represents the highest revenues in global ADAS and autonomous driving components. In 2031, the Asia-Pacific market is expected to record a turnover of UЅ$XX and is expected to register a highest CGR of 26.6% on the penultimate.

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Global ADAS and autonomous driving components Market Segmentation:

By vehicle type:

  • Passenger car

  • Light commercial vehicle

  • Truck

  • Bus

By level of autonomy:

  • Level 1 (Advanced 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 request

By engine:

  • Battery Electric Vehicles (BEV)

  • Hybrid Electric Vehicles (HEV)

  • Plug-in hybrid electric vehicle (PHEV)

  • Fuel Cell Electric Vehicle (FCEV)

Region B:

Key players:

  • 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 SA

  • intel company

  • NXP Semiconductors

  • Texas Instruments Incorporated Continental AG

  • Ibeo Automotive Systems GmbH

  • Denso Company

  • LeddarTech

  • Velodyne LiDAR

  • Other key players

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