ADAS Radar Systems Market - Regional Analysis
APAC Market Forecast
The ADAS radar systems market in Asia Pacific is projected to be the largest with a share of about 38% by the end of 2035. The presence of giant automobile manufacturing leaders in countries such as China and the high production of vehicles owing to its rising demand for smart vehicles together with the adoption of advanced automotive technology in the region are leading to the expansion of the regional market.
Additionally, the incorporation of technologies, such as advanced driver assistance systems in vehicles and installations of ADAS sensor components for driving safer and more comfortably is projected to boost the regional market growth.
North American Market Statistics
The North America ADAS radar systems market is estimated to be the second largest, registering a share of about 22% by the end of 2035, owing to the rising penetration of connected vehicles in the region. Moreover, the rising rate of road vehicle accidents in countries such as the United States and the increased demand for cars with advanced features such as radar system that is becoming breakthrough automotive ADAS technology for improving road safety and enabling driver convenience is also predicted to rapidly expand the ADAS radar systems market in the region. According to the statistics, in the United States, there were 39,508 fatal motor vehicle crashes in 2021 resulting in nearly 42,939 deaths.
