ADAS Radar Systems Market Segmentation:
Vehicle Type {Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV), Passenger Vehicle}
The passenger vehicle segment is predicted to garner the largest market share of around 45% by the end of 2035. The growing demand for electric & autonomous passenger cars globally and the rising adoption of vision systems in passenger vehicles that employ technologies such as semiconductor-based vision sensors, light-based LIDAR, and radio-based radar is projected to augment the segment growth in the upcoming years.
System Type (Blind Spot Detection, Parking Assistance, Lane Departure Warning System, Autonomous Emergency Braking, Intelligent Headlights, Adaptive Cruise Control, Heads-up Display)
The adaptive cruise control segment is projected to generate the highest market share during 2035 owing to the ongoing advancements in the active safety system of vehicles to automatically controls the acceleration and braking of a vehicle. Adaptive cruise control works on sensory technology and uses a radar sensor or laser sensor or camera setup that allows the car to discover an object and warn the driver about potential forward collisions.
Moreover, the autonomous emergency braking segment is estimated to witness major growth on the back of a growing number of vehicles and a surge in road crash incidences which is responsible for the elevating demand for advanced pre-crash or collision avoidance systems (CAS) to prevent the severity of a vehicle collision.
Our in-depth analysis of the global market includes the following segments:
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