Press release
Automotive ADAS Sensors Market is Expected to Grow at a CAGR of over 21.31% | During 2022-2028 | Vantage Market Research
According to Vantage market research the global Automotive ADAS Sensors market was valued at USD 23.58 Billion in 2020 and is projected to reach USD 34.23 Billion by 2028, growing at a CAGR of 21.31% from 2021 to 2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 21.31% size of the Automotive ADAS Sensors Market at the end of the forecast period.
• The Global Automotive ADAS Sensors market is predicted to reach a value of USD 34.23 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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Sensor technology is a key technology in ADAS development. The ADAS and Autonomous Driving functions feed a continuous stream of information about the vehicle's surrounding environment which is provided by sensors. The sensor needs to detect not only everything that the driver can see but also what the driver has not seen. Many different types of sensors are already in use, each with their own advantages and disadvantages in terms of capacity, cost, and packaging, and it is increasingly the case that more than one type of sensor is used for each ADAS function.
Market Segmentation:
By Product Type:
• Radar Sensors
• Image Sensors
• Ultrasonic Sensors
• Infrared Sensors
• LiDAR Sensors
By Application:
• Passenger Car
• Commercial Vehicle
• Others
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COVID-19 Impact Analysis of Automotive ADAS Sensors Market:
The outbreak of COVID-19 has affected various industries across the world. The building automation and control market is no exception. Governments around the world took serious action such as border seals, lockdowns and strict social distancing measures to contain the rapid spread of COVID-19. These actions had a serious impact on the global economy. Industrialists around the world were forced to shut down their production, disrupting supply chains and causing damage to various industries. However, it is expected that with the reopening of business activities, there will be a steady increase in demand in the market in the coming years.
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The Automotive ADAS Sensors market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Automotive ADAS Sensors Market:
• Continental
• FLIrSystems
• HELLA
• LeddartecH
• ONSemiconductor
• RobertBoscH
• SAMSUNG ELECTRONICs
• Siemens
• Sony
• Texas Instruments
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Reason for buying this Automotive ADAS Sensors Market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Automotive ADAS Sensors market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Automotive ADAS Sensors market and provides possible solutions to those problems.
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We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out the constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company's experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyze information.
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