Automotive ADAS Market Is Projected
To Reach Nearly 48000 Million
Forecasts by 2022
BusinessIndustryReports have new report on “Global Automotive ADAS
Market 2019-2022”. The report provides the newest industry data and
industry future trends. The industry report lists the leading competitors and
provides the insights strategic industry Analysis of the key factors influencing
the market.
This Report covers the Major Players data, including: shipment, revenue, gross profit,
interview record, business distribution etc., these data help the consumer know about
the competitors’ better. This report also covers all the regions and countries of the world,
which shows a regional development status, including market size.
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Automotive ADAS market size to maintain the average annual growth rate of 20.51% from
8000 million $ in 2014 to 14000 million $ in 2017, market analysts believe that in the next
few years, Automotive ADAS market size will be further expanded, we expect that by 2022,
The market size of the Automotive ADAS will reach 48000 million $.
The ADAS (advanced driver assistance system) technologies such as night vision, drowsiness
monitoring system and road sign recognition systems among others are anticipated to grow
considerably over the forecast period. Tire pressure monitoring system also expected to
have significant penetration in the overall market owing to their low prices and easy
aftermarket availability.
By type segment, HEV is estimated to hold the largest share of the ADAS market, by electric
vehicle. Stringent emission norms, environment safety, vehicle electrification, and
government regulations are expected to boost the market for ADAS in HEV segment.
Governments around the globe are promoting the sale of electric vehicles by offering