Discover a detailed exploration of the Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist Market by Data Bridge Market Research, thoughtfully presented with visual finesse to ensure seamless data absorption. Crucial insights are illuminated through vivid graphs, charts, and figures, empowering astute decision-making.
This Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist report covers the present scenario and the growth prospects of the Worldwide market for the period. The report provides an in depth analysis of the market size and growth analysis of the Industry. This research report includes a detailed market segmentation of the worldwide market. It profiles the major companies in the market and also provides a competitive landscape of the key players. It helps in understanding the key product segments and their future of the global market. The report also provides strategic recommendations in key business segments based on the market estimations.
This Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist report studies the production, supply sales and the current status of the market in a profound manner. Furthermore, several other factors such as import, export, status, demand, supply gross margin and industry chain structure have also been studied in the global market report. The Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist report gives you a complete view of the ever changing and developing trends and current topics worldwide
Data Bridge Market Research analyses that the global automotive advanced driver assistance systems (ADAS) and park assist market which was USD 23,740 million in 2022, is expected to reach USD 1,14,160 million by 2030, and is expected to undergo a CAGR of 21.69% during the forecast period 2023-2030.
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Market Definition
Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist have become of high use across numerous businesses and corporations to decline the potential liability when their personnel travel. Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist majorly covers accidental death and dismemberment, along with medical benefits such as sickness. These policies may even be extended to include coverage for employees working on-site.
Market Growth Drivers:
- Unexpected Emergency Medical Evacuation
The rise in the demand for business travel accident (BTA) insurance as it offers security and safety during unexpected emergency medical evacuation for employees acts as one of the major factors driving the global automotive advanced driver assistance systems (ADAS) and park assist market. This covers companies against financial uncertainties that may arise from unfortunate instances such as accidents, baggage, flight cancellation, injuries and loss of baggage.
- Global Economic Growth
The rise in the economic growth along with transformation of trade practices accelerate the market growth. The increase in popularity of price comparison applications and websites and trend of multi-trip policies have positive impact on the market.
Notably, the report emphasizes the engagement of essential entities, including:
Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv (U.S.), Lear Corporation (U.S.), DENSO CORPORATION (Japan), Texas Instruments Incorporated (U.S.), Renesas Electronics Corporation (Japan), HELLA GmbH Co. KG. (Germany), Visteon Corporation (U.S.), ST Microelectronics (Switzerland), Infineon Technologies AG (Germany), Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan), ROHM Co. LTD. (Japan), MAXIM Integrated (U.S.)
Key highlights of the report:
- Comprehensive analysis of the global Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist market, detailing present and future trends to identify promising investment opportunities.
- Exploration of evolving market dynamics within the industry.
- Examination of strategies adopted by major players and their product portfolios.
- Detailed breakdown of market segments for a profound understanding.
- Review of the latest industry trends and advancements.
- Forecasting the trajectory of the Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist market through detailed segmentation analysis
Key Market Segmentation
System (Adaptive Cruise Control, Adaptive Front Light, Automatic Emergency Braking, Blind Spot Detection, Cross Traffic Alert, Driver Monitoring System, Forward Collision Warning, Intelligent Park Assist, Lane Departure Warning, Night Vision System, Pedestrian Detection System, Road Sign Recognition, Tire Pressure Monitoring System, Traffic Jam Assist), Component (Camera Unit, Lidar Sensor, Radar Sensor, Ultrasonic Sensor), Offering (Hardware, Software), Vehicle Type (Buses, Light Commercial Vehicles, Passenger Cars, Trucks), Electric Vehicle Type (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), Propulsion (Electric, Petrol, Diesel)
Intended Audience:
- Companies within the Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist industry
- Investors and analysts keen on the Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist market
- Individuals seeking insights into the dynamics of the Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist market
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