The Global Advanced Driver Assistance System (ADAS) Sensors Market is expected to grow at a compound annual growth rate of 14.10% in the forecast period of 2021 to 2028 and is likely to reach a value of USD 42.30 billion by 2028. The rise in the awareness among the drivers in safety applications and regulations by the governments is a significant factor driving the market growth rate.
Likewise, the increase in the research and development spending on ADAS sensors and accelerated high growth of automotive manufacturing in developing economies will produce lucrative opportunities for the growth of the advanced driver assistance system (ADAS) sensors market.
According to Data Bridge Market Research the market for advanced driver assistance system (ADAS) sensors is expected to gain growth because of the rise in the spending on research on ADAS in fully autonomous vehicles and progression toward autonomous vehicles with proper accessories. Also the rise in the per capita incomes as well as the increase in the popularity of CMOS image sensors in camera-based ADAS are also expected to fuel the demand of the advanced driver assistance system (ADAS) sensors market over the forecast period of 2021 to 2028. Whereas, the demand for disk brakes in the vehicles is expected to hinder the growth of the advanced driver assistance system (ADAS) sensors market in the aforementioned forecast period.
Now the question is which are the other regions that advanced driver assistance system (ADAS) sensors market is targeting? Data Bridge Market Research has estimated large growth in the Asia-Pacific due to high growth of automotive industry in major economies along with rise in the penetration of advanced driver assistant system (ADAS) in budget passenger cars.
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Advanced driver assistance system (ADAS) sensors market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of advanced driver assistance system (ADAS) sensors companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-advanced-driver-assistance-system-adas-sensors-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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