Global Commercial Vehicle ADAS Market 2024-2028
The commercial vehicle ADAS market is forecasted to grow by USD 2,524.98 mn during 2023-2028, accelerating at a CAGR of 12.39% during the forecast period. The report on the commercial vehicle ADAS market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by introduction of sensor technology, increased electrification of commercial vehicles, and growing development of aftermarket ADAS for CVs.
Technavio's commercial vehicle ADAS market is segmented as below:
By Technology
- Blind spot detection and others
- TPMS
- PAS
- FCW
By Application
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the development of highly accurate map content for commercial vehicle ADAS as one of the prime reasons driving the commercial vehicle ADAS market growth during the next few years. Also, priority of automotive safety among customers and decline in sensor prices will lead to sizable demand in the market.
The report on the commercial vehicle ADAS market covers the following areas:
- Commercial vehicle ADAS market sizing
- Commercial vehicle ADAS market forecast
- Commercial vehicle ADAS market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial vehicle ADAS market vendors that include Aptiv Plc, Autoliv Inc., Brandmotion LLC, Continental AG, DENSO Corp., Gentex Corp., Hyundai Motor Co., Intel Corp., Knorr Bremse AG, Magna International Inc., Mobileye Technologies Ltd., Panasonic Holdings Corp., Renesas Electronics Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sensata Technologies Inc., Tata Motors Ltd., Valeo SA, Wabtec Corp., and ZF Friedrichshafen AG. Also, the commercial vehicle ADAS market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.