Global Driver Assistance Systems Market Growth 2023-2029

Global Driver Assistance Systems Market Growth 2023-2029

Driver assistance systems are electronic components installed in vehicles, which present an intelligent driving experience to the driver. These systems comprise of unique sensors such as ultrasonic, image, RADAR, LiDAR, infrared and LASER. Deploying driver assistance systems to enhance comfort levels and ensure safety and security on road is the majorly growing trend within the automobile sector. The implementation of ADAS has been considered as a revolution as it provides dynamic features such as adaptive.

As an initial stage of automatic driving, ADAS's promotion received support from several countries, such as NHSTA Level 0-Level 4 (Manual, ADAS, PA, HA, FA), the German VDA rating (PA, HA, FA).

LPI (LP Information)' newest research report, the “Driver Assistance Systems Industry Forecast” looks at past sales and reviews total world Driver Assistance Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Driver Assistance Systems sales for 2023 through 2029. With Driver Assistance Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Driver Assistance Systems industry.

This Insight Report provides a comprehensive analysis of the global Driver Assistance Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Driver Assistance Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Driver Assistance Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Driver Assistance Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Driver Assistance Systems.

The global Driver Assistance Systems market size is projected to grow from US$ 24260 million in 2022 to US$ 73580 million in 2029; it is expected to grow at a CAGR of 73580 from 2023 to 2029.

The European Driver Assistance System market is expected to hold the largest share by 2022 owing to the major driving factors such as matured automotive sector, higher adoption of advanced technology, and high consumer preference for the driver safety and safety regulations. The expansion of European Automotive market will drive the growth of Driver assistance systems market. After Germany and the UK; the US is expected to be the next emerging country for the global Driver assistance systems market. The low-interest rates and growing customer confidence are playing a key role in the increased sales of cars in this region. The new vehicle registrations have in fact surpassed pre-recession levels, indicating a positive growth prospect for the automotive sector in the country.

This report presents a comprehensive overview, market shares, and growth opportunities of Driver Assistance Systems market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Adaptive Cruise Control (ACC)
Lane Departure Warning (LDW) System
Park Assist
Blind Spot Detection
Others

Segmentation by application
Passenger Car
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Continental Ag
Delphi Automotive PLC
Robert Bosch Gmbh
Aisin Seiki Co. Ltd.
Autoliv Inc
Denso Corporation
Valeo
Magna International
Trw Automotive Holdings Corp.
Hella Kgaa Hueck & Co.
Ficosa International S.A.
Mobileye NV
Mando Corp.
Texas Instruments Inc.
Tass international

Key Questions Addressed in this Report

What is the 10-year outlook for the global Driver Assistance Systems market?

What factors are driving Driver Assistance Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Driver Assistance Systems market opportunities vary by end market size?

How does Driver Assistance Systems break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.