Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for energy industry professionals · Friday, October 7, 2022 · 594,663,901 Articles · 3+ Million Readers

TPMS Segment of Advanced Driver Assistance Systems (ADAS) Market to Generate at 28.6% CAGR During 2019-2026

Advanced Driver Assistance Systems (ADAS) Market by System Type, Sensor Type, Vehicle Type, Global Opportunity Analysis and Industry Forecast 2019-2026

PORTLAND, OREGON, UNITED STATES, August 14, 2022 /EINPresswire.com/ -- High demand for safety features, stringent safety rules and regulations, and increased requirement for comfort drive the global ADAS market growth. However, high initial cost, complex structure, and lower efficiency in bad weather conditions restraint the growth of the market. On the other hand, technological advancements in advanced driver assistance system and production of multifunctional system is expected to provide growth opportunities for the market.

Allied Market Research published a report, titled, "Advanced Driver Assistance Systems (ADAS) Market by System Type (Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System, Intelligent Parking Assist System (IPAS), Adaptive Cruise Control System, Blind Spot Object Detection System, Lane Departure Warning System, Adaptive Front-lighting System, and Others), Sensor Type (Image Sensor, Lidar Sensor, Ultrasonic Sensor, Infrared (IR) Sensor, Radar Sensor, and Laser), and Vehicle Type (Passenger Car, Light Commercial Vehicle, Buses, and Trucks): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global advanced driver assistance systems market was valued at $39.63 billion in 2018 and is estimated to reach $189.14 billion by 2026, registering a CAGR of 21.4% from 2019 to 2026.

Download Report (412 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/639

Adaptive front-lighting system segment dominated in terms of revenue:

Based on system type, the adaptive front-lighting system segment accounted for the major share in 2018, contributing more than one-fifth of the total share. This is due to the ability of adaptive front lighting systems to enhance the driving experience along with improving the safety of both pedestrians as well as occupants. Contrarily, the tire pressure monitoring system (TPMS) is expected to register the highest CAGR of 28.6% from 2019 to 2026. This is attributed to the factors such as improved safety, accident avoidance, efficient fuel consumption, and others.

Radar sensor segment to continue its dominant share by 2026:

Based on sensor type, the radar sensor segment held the highest advanced driver assistance systems market share in terms of revenue in 2018, contributing for nearly one-third of the total share. This segment is expected to continue its dominant share during the forecast period. This is due to factors such as long range, unlimited potential to extend functions such as stop-and-go support in other applications, and excellent performance in range & angle or angle measurement. On the other hand, the infrared (IR) sensor segment would register the fastest growth rate, with a CAGR of 27.0% from 2019 to 2026. This is due to IR sensor provides night vision in vehicles, and is low in cost.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/639

Passenger car segment to contribute highest share during the forecast period:

On the basis of vehicle type, the passenger car segment held the highest market share in terms of revenue in 2018, contributing more than three-fourths of the total share. This is due to high sale of passenger vehicles as compared to other commercial vehicles. On the other hand, the buses segment would register the fastest growth rate, with a CAGR of 31.7% from 2019 to 2026. This is due to factors such as avoidance of accidents by installation of systems such as blind spot detection, adaptive cruise control, and others.

Europe to contribute the highest share, North America to follow:

Europe contributed nearly two-fifth of the total share in 2018, due to the factors such as high demand for comfort driving and implementation of Euro-NCAP ratings for cars.

On the other hand, North American region has contributed the second highest revenue in 2018, on the basis of region. LAMEA is estimated to grow at the highest CAGR of 26.8% from 2019 to 2026, due to supportive government mandates and improvements in the economic conditions of the region.

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/639

ADAS Market Leading market players:

Magna International Inc.
Continental AG
Autoliv Inc.
DENSO Corporation
ROBERT BOSCH STIFTUNG GMBH (ROBERT BOSCH GMBH)
NXP Semiconductors
Valeo
Panasonic Corporation
Renesas Electronics Corporation
Texas Instruments
Delphi Automotive Company
Hyundai Mobis

Schedule a FREE Consultation Call with Our Analysts to Find Solutions for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/639

Similar Reports We Have on ADAS Industry:

Asia-Pacific Advanced Driver Assistance System (ADAS) Market by System (Tire Pressure Monitoring, Drowsiness Monitor, Intelligent Parking Assist, Adaptive Cruise Control, Blind Spot Object Detection, Lane Departure Warning, Adaptive Front-Lighting, Night Vision, Driver Monitoring) and Sensor (Ultrasonic, Infrared(IR), Radar, Image, LiDAR, LASER) - Opportunity Analysis and Industry Forecast, 2014 - 2020 | https://www.alliedmarketresearch.com/asia-pacific-adas-market

Automotive Advanced Driver Assistance Systems (ADAS) Military Vehicles Market by Vehicle Type (Light Commercial Vehicles (LCVs), Passenger Cars (PCs), Heavy Commercial Vehicles (HCVs), and Other), System (Adaptive Front Light (AFL), Blind Spot Detection (BSD), Driver Monitoring System (DMS), Forward Collision Warning (FCW), and Other), and Component (ADAS Camera Unit, ADAS Ultrasonic Sensor, LiDAR Sensor, Anti-Collision Device, and Other): Global Opportunity Analysis and Industry Forecast, 2021–2030 | https://www.alliedmarketresearch.com/automotive-advanced-driver-assistance-systems-military-vehicles-market-A13457

Motorcycle ADAS Market by Propulsion (Gasoline, Electric), by Component (ECU, Sensors, Gear Assitors, Others), by System (ABS, ACC, TCS, Others), by Sales Channel (OEM, Aftermarket), by Price Range (Low, Medium, High): Global Opportunity Analysis and Industry Forecast, 2025-2035 | https://www.alliedmarketresearch.com/motorcycle-adas-advanced-driver-assistance-system-market-A07159

David Correa
Allied Analytics LLP
800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Powered by EIN Presswire
Distribution channels: Automotive Industry, Technology


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release