Press release
Advanced Driver Assistance Systems Market Set for 10.88% CAGR Surge, Reaching USD 74.75 Billion by 2031 | SkyQuest Technology
Skyquest Technology
Advanced Driver Assistance Systems Market [https://www.skyquestt.com/report/advanced-driver-assistance-systems-market] size was valued at USD 29.70 billion in 2022 and is poised to grow from USD 32.91 billion in 2023 to USD 74.75 billion by 2031, growing at a CAGR of 10.88% in the forecast period (2024-2031).
Advanced driver assistance systems consist of various types of active and passive systems that are designed for helping the driver. These solutions will assist the driver to accomplish safety, comfort, and efficiency while driving. The systems can also improve the safety and security of the driver, passenger, and pedestrian. The systems that are included in the ADAS artificial intelligence are emergency braking, parking assist, adaptive cruise control, and lane warning departure systems, boosting the growth of the market. Furthermore, factors like rising urbanization, advancement of technology, enhancing living standard, and growth of disposable income are also positively influencing the market. ADAS also helps in minimizing traffic congestions and accidents while improving the safety and security of the vehicles. In recent times, many government facilities are also investing significantly in the adoption of advanced technologies. This will help them to develop better safety features and encourage the advancement of autonomous vehicles. Furthermore, in many regions governments have also implemented rules for car manufacturers to include advanced driver assistance systems. These solutions include various active and passive systems designed to enhance driver safety, comfort, security, and efficiency.
Download a detailed overview:
https://www.skyquestt.com/sample-request/advanced-driver-assistance-systems-market
Top Player's Company Profiles
* Autoliv Inc.
* Continental AG
* DENSO Corporation
* Magna International Inc.
* ROBERT BOSCH STIFTUNG GMBH (ROBERT BOSCH GMBH)
* Valeo
* NXP Semiconductors
* Panasonic Corporation
* Renesas Electronics Corporation
* Texas Instruments
* Delphi Automotive Company
* Hyundai Mobis
* Takata Corporation
* ZF Friedrichshafen
* Aisin Seiki Co., Ltd.
* Mobileye N.V
* Harman International Industries
* NVIDIA Corporation
* Hitachi Ltd.
* Stonkam Co., Ltd.
Advancement of In-Vehicle HMI Design to Enhance Safety and Security of Vehicles
The development of the market primarily depends on having a non-distraction interaction with the driver. Solutions like advanced vision systems, sensors, advances in touchscreen technology, and communication systems assist in communication with the driver when the vehicle is parked. But human and machine interface (HMI) enhances driving experience as it allows drivers to use contactless HMIs without leaving the steering wheels. Sound-powered advanced driver tracking system that utilizes eye-tracking technology is one the best contactless HMI system that is successfully replacing touch-based interfaces. ADAS has the potential and features necessary for streamlining the driving procedure and minimizing accident rates owing to advancements in sensors, HMI technology, communications, and infrastructure.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/advanced-driver-assistance-systems-market
Segments covered
Component
Processor, Hardware (Camera Units, Lidar, Radar Sensors, Ultrasonic Sensors, Ecus, Others), Sensors (Image sensor, Lidar sensor, Ultrasonic sensor, Infrared (IR) sensor, Radar sensor, and Laser), Software (Middleware, Application Software, Operating Systems), Others
Vehicle type
Passenger cars, light commercial vehicles, buses, and trucks
Autonomy
L1, L2, L3, L4, L5
Electric Vehicle Type
Battery Electric Vehicles, Fuel Cell Electric Vehicles, Hybrid Electric Vehicles, Plug-in Hybrid Electric Vehicles
Rapid Technological Advancements to Improve Functions and Reliability of ADAS
The latest advancements in technologies like artificial intelligence, machine learning, sensor technology, and data analysis are playing vital part in enhancing the functions and reliability of ADAS. Modern ADAS depends on the advanced sensors like radio detection and ranging (RADAR), light detection and ranging (LIDAR), ultrasonic, and camera systems. These advanced systems are utilized for collecting data about the vehicle's environment. Advanced artificial intelligence algorithms interpret this data, allowing the system to react accurate to various types of driving circumstances. Furthermore, the advent of advanced interaction technologies like vehicle-to-vehicle and vehicle-to-infrastructure also increases the efficiency of ADAS. It offers real-time traffic and environmental information, further enhancing the safety and effectiveness of these systems. With the evolution of technology, ADAS is set to become more innovative, propelling the growth of the market.
* Horizontal Robotics launched their Horizon SuperDrive in April 2024. It is a full stack AD solution that offer enhanced driving experience with more emphasis on safety, comfort, and convenience for every customer.
* Mobileye unveiled their first production-candidate hardware and software office new EyeQ 6 Lite system on-chip to its customers in April 2024. This solution will provide advanced driver assistance systems in various models.
* Genesys International developed an AI-powered navigation map in June 2024. The map is designed for the automotive and mobility markets.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/advanced-driver-assistance-systems-market
Growing Production of Technologically Advanced Vehicles
The growing production of vehicles embedded with better safety standards worldwide is propelling the advanced driver assistance market. The high usage of AI and IoT in vehicles is also encouraging automakers for developing advanced driver assistance systems. The integration of strict rule and regulations related to the vehicle safety standards is also boosting the advanced driver assistance systems. Increasing mergers and acquisitions among vehicle manufacturers for the development of autonomous driving is augmenting the ADAS market.
Related Reports:
Edge Computing Market [https://www.skyquestt.com/report/edge-computing-market]
Visit Our Website: https://www.skyquestt.com/
Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=advanced-driver-assistance-systems-market-set-for-1088-cagr-surge-reaching-usd-7475-billion-by-2031-skyquest-technology]
Phone: +1 351-333-4748
Address:1 Apache Way, Westford,
Country: United States
Website: https://www.skyquestt.com/report/advanced-driver-assistance-systems-market
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Advanced Driver Assistance Systems Market Set for 10.88% CAGR Surge, Reaching USD 74.75 Billion by 2031 | SkyQuest Technology here
News-ID: 3649953 • Views: …
More Releases from ABNewswire
CATCHCON2024: Elite Combat Sports Legends Converge for Unprecedented Training Ev …
Groundbreaking catch-as-catch-can wrestling convention features UFC champions, world-class coaches, and exclusive mace certification
ARVADA, CO - September 18, 2024 - Scientific Wrestling announces CATCHCON2024, an extraordinary three-day combat sports event featuring legendary athletes and coaches, scheduled for November 1-3, 2024, at Genesis Fight Academy in Arvada, Colorado.
Image: https://www.abnewswire.com/uploads/26c9e586bee234f4f4e9fd53ef9c0ca2.PNG
CATCHCON2024 brings together an unparalleled lineup of combat sports icons, including Frank Shamrock (4X Undefeated UFC Middleweight Champion), Pat Miletich (UFC Hall of Famer),…
I Am Four Stones - A Moving Book on Self-Discovery and Transformation
Image: https://www.abnewswire.com/uploads/3c83275ab38bad2131324075e29f05aa.jpeg
Readers can pick up Athelyn Daniel's I Am Four Stones book which is geared towards exposition of the Christian philosophies of the 'four stones'. She reminds readers that everybody, regardless of their spiritual background or belief, needs the four stones to unleash the power that they possess.
I Am Four Stones also follows the life journey of the author, and the challenges and complexities she encountered. Personal and universal accounts…
The Boulder Group Arranges Sale Leaseback of Wendy's near Chicago
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction.
The Boulder Group, a net leased investment brokerage firm, completed the sale leaseback of a single tenant Wendy's restaurant located at 2962 Kirk Road in Aurora, Illinois for $2,608,695.
The 2,336 square foot property is strategically positioned along Kirk Road (36,100 VPD), which serves as the main retail corridor for the surrounding area. The subject property benefits…
Thank You Lord - A Book Illustrating the Path to Heartfelt Gratitude and Faith
Image: https://www.abnewswire.com/uploads/d2feeed6cc1f7ee789dce8c4768ae017.jpg
Author, Daniel Gatluak has penned a new inspiring book, Thank You Lord , that allows Christians to make an exploration of faith and gratitude and strengthen their relationship with God. This moving literary composition is put together to remind people moving to the United States of America to not forget God. Daniel also invites people to not forget people in need of help and salvation.
The author takes readers on…
More Releases for Vehicle
Connected Car Devices Industry Forecast to 2028 Global Market Analysis by Commun …
Connected car devices assist in monitoring vehicles and drivers. These devices update owners and fleet managers about the emissions, vehicle performance, vehicle maintenance, on-board diagnostics (OBD), pertaining to fuel economy index, etc. Also, it provides GPS tracking and real-time alerts. Increasing concerns and awareness regarding safety and high demand for advanced system and safety features in vehicles are driving the growth of the connected car devices market.
Sample PDF showcases the…
Steering Tie Rod Market Vehicle (Passenger car, Commercial vehicle, and Heavy-du …
A steering tie rod is an integral part of the steering mechanism in an automobile as it is a lean structural bar or rod which is used as a tie and it is capable of carrying only ductile loads. The rod tends to transmit a force from the rack gear to the steering knuckle, which enables the wheel to turn while the vehicle is moving. This tie rod comprises two…
Offshore AUV & ROV Market by ROV, High Capacity Electric Vehicle, Small Vehicle, …
This study report Global Offshore AUV & ROV Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies.
The report investigates and analyzes…
Automotive ABS and ESC Market Report 2018: Segmentation by Product (Three Channe …
Global Automotive ABS and ESC market research report provides company profile for Robert Bosch, TRW, Machino, Haldex, Aisin Seiki, Hitachi, Autoliv, Contenental, Delphi, Denso and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The…
Vehicle to Vehicle (V2V)/Vehicle to Infrastructure (V2I) Market expected to grow …
The V2V/V2I market has penetration into different technologies such as smart sensors, big data analytics and cloud computing. The smart sensors manage and control traffic on the roads by offering the drivers and passengers a plethora of advanced transport services aimed at improving driving efficiency and safety. Big data analytics aids the companies in understanding the user requirements and expectations thus bringing about relevant changes in the automotive developments. Vehicular…
Wheelchair Accessible Vehicle Market : by Vehicle Type - Large Size Vehicle, Med …
Researchmoz added Most up-to-date research on "2017 Global Wheelchair accessible vehicles Industry Report" to its huge collection of research reports.
This report is an essential reference for those who look for detailed information on global Wheelchair accessible vehicles market. The report covers data on national, regional, and global markets including historical and future trends for supply, demand, prices, trading, competition as well as global major vendors' information.
In addition…
