ADAS & Autonomous Driving Components Market Size is Expected to See 21% CAGR Growth By 2028 | Intel Corporation, LeddarTech

This comprehensive ADAS & Autonomous Driving Components Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

“According to recent market analysis report, the Global ADAS & Autonomous Driving Components Market size is expected to grow at a CAGR of 21% during the forecast period of 2023 to 2028.”

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Driving Force Behind the Growth of the ADAS & Autonomous Driving Components Market through 2028

Stringent Safety Standards & 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.

Market Segment Highlights:

By 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)

By Vehicle Type

 > Passenger Car

 > Commercial Vehicle

 > Light Commercial Vehicle

 > Medium Weight Commercial Vehicle

 > Heavy Commercial Vehicle

 > Ultra Heavy Commercial Vehicle

By Components Type

 > Camera

 > Radar

 > Ultrasonic Sensors

 > LiDAR

 >> Mechanical Automotive LiDAR

 >> Solid State Automotive LiDAR

 > Electronic Control Unit

Here, LiDAR is projected to attain a notable market share in the coming years. Amongst the most promising sensor-based technologies for autonomous or self-driving cars, LiDAR technology makes vehicles aware of their surroundings and helps eliminate collision risk while driving. The increasing integration of LiDAR by automakers in vehicles equipped with ADAS in order to meet stringent safety regulations set by governments is the prime aspect likely to drive the market for LiDAR components, which make precise split-second decisions based on numerous careful calculations from multiple data points.

By 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)

ADAS & Autonomous Driving Components Market Regional Outlook:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

Of all regions globally, Asia-Pacific is expected to acquire a prominent share of the ADAS & Autonomous Driving Component Market during 2023-28. It owes to the ever-increasing consumer demand for safer, more efficient, & convenient driving experiences, their increasing disposable incomes, and the rising penetration of connected cars & EVs, especially in China & Japan. Several automotive OEMs are actively working on expanding their production volume and bringing technological advancements in manufacturing facilities to meet ever-evolving consumer requirements.

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ADAS & Autonomous Driving Components Market Competition Analysis:

Some of the top ADAS & Autonomous Driving Components companies operating in the market are Analog Devices Inc., Autoliv Inc, Continental AG, Delphi Automotive PLC, DENSO Corporation, HERE, IBEO Automotive Systems GmbH, Infineon Technologies AG, Intel Corporation, LeddarTech and others.

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