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Download Free sampleThe global ADAS market was valued at 2270.92 Million USD in 2021 and will grow with a CAGR of 11.49% from 2021 to 2027, based on Research newly published report.
The prime objective of ADAS Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, ADAS Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Automotive vision, MMW radar and ADAS are the market segments that develop first with the MMW radar market enjoying an impressive growth rate, closely followed by low-speed autonomous driving. While LiDAR, commercial-vehicle autonomous driving and passenger-car autonomous driving markets lag behind.As the automobile enters an era of ADAS and autonomous driving, product iteration races up and lifecycle of products is shortened. The automotive market is far smaller than consumer electronics market but sees bigger difficulty in design and higher design and production costs than that in consumer electronics market. Thus automotive ADAS and autonomous driving processor is confronted with higher risks. Hence adequate financial and human resources are required to support the development of automotive ADAS and autonomous driving processors. Globally, only very a few enterprises like NXP and Renesas are capable of developing whole series of ADAS and autonomous driving processors.
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