The global ADAS market is expected to reach USD 148.15 Billion market size by 2030, as per new research report published by Confianza market research & consultancy. As per the study, the global ADAS industry significantly affected due to COVID19 crisis as the manufacturers has witnessed sharp decrease in demand due to lockdown. However, the EU regulation for implementation of ADAS in heavy vehicles is expected to boost the market growth in next few years.
Key players in this market include Robert Bosch, Mobileye N.V., Autoliv Inc, Aptiv, ZF Friedrichshafen, Magna International, Intel Incorporation. These companies mostly focus on technological enhancement in their product offerings in order to gain greater market share. The demand for ADAS is temporarily halted due to lockdown in various countries due to COVID19 pandemic. However, the demand is expected to regain traction post 2021 and the sales of premium vehicles is also expected to further boost the market demand for ADAS systems.
The report provides in-depth insights about the key trends in the global ADAS industry analysis including porter’s analysis, PEST analysis, industry value chain analysis, competitive landscape. It also includes detailed company profiles of key ADAS vendors including their company overview, product portfolio, financial performance & strategic developments.
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Market Dynamics
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About Confianza Market Research & Consultancy
Confianza Market Research & Consultancy is a global market intelligence services provider company based in Pune, India. It has a database of more than 3000 highly informative market research reports from 35+ different industries worldwide. Confianza monitors & timely updates data for 56+ countries and 5 regions worldwide. The company aims at providing reliable, affordable and accurate market research services to companies of all sizes ranging from fortune 500 companies to small start-ups. Confianza’s explanatory and insightful reports help companies to streamline & strategize their business activities in order to gain an edge over competitors.
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