Advanced Driver Assistance Systems (ADAS) Market - Forecast(2021 - 2026)
ADAS Market Overview The ADAS Market is forecast to reach $91.8 billion by 2025, by growing at a CAGR of 20.9% during the forecast period 2019-2025. The market is mainly driven by the technological advancements in the sensor technology. For instance, improved technology in radar and lidar sensor has increased the accuracy in measuring distance between the vehicle and the object. Due to these advancement in sensor technology, ADAS device are now able to perform more complex operation such as adaptive cruise control, blind spot monitor, collision avoidance system, lane departure warning systems, and driver monitoring system. Similarly, the introduction of stringent government policy in some countries are forcing manufacturers to deploy ADAS system in every vehicle in order to improve Road safety . For Instance, in 2018, India proposed to make the ADAS system mandatory in the country by 2023 to enhance the road safety. Report Coverage The report: “ADAS Market – Forecast (2019-2025)...