ADAS & Autonomous Driving Components Market Trends: Predicted 21% CAGR by 2028, Assessing Size, Share, Demand, and Competitive Analysis

MarkNtel Advisors has recently published "ADAS & Autonomous Driving Components Market Analysis Share, Growth, Demand, Forecast  2028," a comprehensive research report that provides in-depth analysis of various factors driving the industry's growth across different geographic regions. This report offers reliable insights into the historical, current, and projected trends, in the ADAS & Autonomous Driving Components Market, presented through detailed explanations, tables, and figures. It equips stakeholders with valuable knowledge of the industry dynamics, enabling them to strategize effectively before making investment decisions.

The report indicates that the ADAS & Autonomous Driving Components Market is anticipated to experience a CAGR of approximately 21% during the period of 2023-2028. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.

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Market Dynamics

Key Driver: Stringent Safety Standards and the Mounting Demand for Autonomous Vehicles

Governments of various countries worldwide are mandating the integration of advanced safety features in vehicles, such as LDW (Lane Departure Warning) & AEB (Automatic Emergency Braking), to provide drivers with enhanced safety & comfort and reduce the rising number of road accidents. Several consumers are showing greater interest in autonomous vehicles integrated with advanced technologies like LiDAR, radar sensors, ultrasonic sensors, & HD cameras for data collection that help increase driving accuracy. These ongoing trends in the automotive sector are the major aspects projected to drive the Global ADAS & Autonomous Driving Components Market during 2023-28.

Recent Developments

·        On 20 February 2023, ZF Friedrichshafen AG launched OnTraX Lane Keeping Assist Technology, combined with ReAX adaptive steering, for 2023 PACCAR Trucks to help enhance fleet efficiency & driver safety.

·        The same year on 15 February, Valeo & the BMW Group announced to co-develop fully-automated parking technologies up to Level 4. Earlier on 28 June 2022, both companies entered into a partnership under which Valeo will provide the ADAS domain controller, sensors, & software for parking & manoeuvering for BMW's next-generation modular 'Neue Klasse' platform for EV, which are expected to launch in 2025.

·        On 9 February 2022, Opsys-Tech announced that it will supply LiDAR systems to a Germany-based automotive parts supplier, HASCO Hasenclever GmbH + Co KG based, for inclusion in vehicle production as early as 2024 or 2025.

Segmenting Success: Unveiling Opportunities in the ADAS & Autonomous Driving Components Market 2023-2028

The ADAS & Autonomous Driving Components Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:

Based on Level of Automation

- Level 1 (Advanced Driving Assist Systems)

- Level 2 (Partial Automation)

- Level 3 (Conditional Automation)

- Level 4 (High Automation)

- Level 5 (Full Automation)

Based on Vehicle Type

- Passenger Car

- Commercial Vehicle

-- Light Commercial Vehicle

-- Medium Weight Commercial Vehicle

-- Heavy Commercial Vehicle

-- Ultra Heavy Commercial Vehicle 

Based on Components Type

- Camera

- Radar

- Ultrasonic Sensors

- LiDAR

-- Mechanical Automotive LiDAR

-- Solid State Automotive LiDAR

- Electronic Control Unit

Based on System

- Adaptive Cruise Control (ACC)

- Adaptive Front Light (AFL)

- Automatic Emergency Braking (AEB)

- Blind Spot Detection (BSD)

- Cross Traffic Alert (CTA)

- Driver Monitoring System (DMS)

- Forward Collision Warning (FCW)

- Intelligent Park Assist (IPA)

- Lane Departure Warning (LDW)

- Night Vision System (NVS)

- Pedestrian Detection System (PDS)

- Road Sign Recognition (Rsr)

- Tire Pressure Monitoring System (TPMS)

- Traffic Jam Assist (TJA)

Geographically, the ADAS & Autonomous Driving Components Market expands across the following:

- North America

- South America

- Asia-Pacific

- Europe

- Middle East & Africa

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Unveiling the Competitive Landscape: Insights into Key Players in the ADAS & Autonomous Driving Components Market 2023-2028

The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the ADAS & Autonomous Driving Components Market, ultimately seeking substantial revenue generation over the forecasted years.

- Analog Devices Inc.

- Autoliv Inc

- Continental AG

- Delphi Automotive PLC

- DENSO Corporation

- HERE

- IBEO Automotive Systems GmbH

- Infineon Technologies AG

- Intel Corporation

- LeddarTech

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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