Market Industry Reports (MIR) has published a new report titled “Advanced Driver Assistance System (ADAS) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the Advanced Driver Assistance System (ADAS) market is estimated to account for over US$ 29.5 billion in 2019. It is anticipated to grow at a CAGR of approximately 20% from 2019 to 2030.
The growth of the ADAS market can be attributed to several factors such as the growing trend for autonomous & semi-autonomous vehicles coupled with the rising need for passenger comfort. The growing demand for safe, efficient, & convenient driving experiences is further contributing to the market growth of ADAS.
Some of the prominent players in the global Advanced Driver Assistance System (ADAS) market include:
Robert Bosch GmbH, DENSO CORPORATION., ZF Friedrichshafen AG, Delphi Technologies, Continental AG, Valeo, NVIDIA Corporation, Magna International Inc., HYUNDAI MOBIS, and HELLA GmbH & Co. KGaA, among others
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