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ADAS Radar Systems Market Analysis

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Report ID: 3787
Published Date: Jul 24, 2024
Report Format: PDF, PPT

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ADAS Radar Systems Market Analysis

Market Segmentation

Our in-depth analysis of the global ADAS radar systems market includes the following segments:

By Vehicle Type

Heavy Commercial Vehicle (HCV)
Light Commercial Vehicle (LCV)
Passenger Vehicle

Others

By System Type

Blind Spot Detection
Parking Assistance
Lane Departure Warning System
Autonomous Emergency Braking
Intelligent Headlights
Adaptive Cruise Control
Heads-up Display
Others

By Component

Radar
Lidar
Sensors
Camera
Others

Growth Drivers

Growing Global Demand for Premium and Luxury Cars
Advancement in Sensor Technology for Higher Safety

Challenges

High Cost of Manufacturing and Installation for ADAS
Poor Infrastructure in Emerging Economies

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Browse Key Market Insights with Data Illustration:

ADAS Radar Systems Market Size & Share, Growth Trends 2036

Author Credits: Abhishek Verma

Report ID: 3787
Published Date: Jul 24, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of adas radar systems is assessed at USD 12.05 Billion.

The adas radar systems market size was over USD 11.03 Billion in 2023 and is set to reach USD 39.45 Billion by the end of 2036, growing at around 10.3% CAGR during the forecast period i.e., between 2024-2036. The growing demand for cars, and adoption of automated driving features in cars are estimated to boost the market growth

Asia Pacific industry is projected to be the largest with a share of about 38% by 2036, driven by presence of giant automobile manufacturing leaders in the region.

Renesas Electronics Corporation, Robert Bosch GmbH, VALEO, Magna International Inc., DENSO Corporation, Continental AG, Aptiv plc, Hyundai Mobis (Hyundai Motor Group), Veoneer Inc., ZF Friedrichshafen AG

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