Advanced Driver Assistance Systems Market Segmentation:
Vehicle Type Segment Analysis
Passenger cars segment is anticipated to capture around 45% advanced driver assistance systems market share by the end of 2035. The segment growth can be credited to the rising number of road accidents. A primary goal for automakers, fleet managers, and individual car owners alike is to enhance passenger car safety due to the growing complexity of road networks, the rise in traffic-related events, and distracted driving. According to the statistics of the World Health Organization (WHO), approximately 1.19 million people lose their lives in automobile accidents each year.
As a result, there are more and more new passenger cars with sophisticated ADAS systems that make use of sophisticated cameras, radar, and sonar to raise the level of traffic safety.
For instance, ADAS system integration can avert around 39% of all passenger vehicle incidents, over 35% of the injuries that follow, and nearly 28% of the fatalities associated with them.
Furthermore, adaptive cruise control, lane departure warning, collision warning and avoidance systems, blind-spot detection, and driver fatigue monitoring are a few of the ADAS technologies that are frequently found in commercial vehicles that may benefit workers from increased safety.
System Type Segment Analysis
The blind spot detection segment in ADAS market is set to garner significant revenue by 2035. Additional elements of ADAS include blind spot detection, which can be used with corner radar sensors or ultrasonic sensors, which makes it easier for drivers to see cars or other items that might be in their blind areas to lessen collisions that occur while the driver is changing lanes.
One of the first functions offered by advanced driver assistance systems (ADAS) on cars was blindspot detection for keeping an eye out for pertinent objects within the detecting zone.
Electric Vehicle Segment Analysis
The battery segment in ADAS market is expected to register an enormous share driven by the growing preference for battery-electric vehicles. In 2023, battery-electric vehicles ranked as the third most popular option among consumers owing to the considerable efforts being made to become carbon neutral.
The autopilot ADAS features are available on BEV models like the Tesla Model X, which are algorithms that carry out predetermined tasks based on input data from cameras, radar, LiDAR, and ultrasonic sensors.
For instance, sales of battery-electric vehicles increased from approximately 4 million in 2021 to an expected 7 million in 2022.
Our in-depth analysis of the market includes the following segments:
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