ADAS or Advanced driver-assistance systems are a set of electronics systems which are integrated to assist drivers both during driving and parking. It is considered a move towards automated cars. ADAS also drastically increases the safety standards by providing real time information about the surroundings to the driver. ADAS is also said to decrease the number of human made errors which result in accidents, thus saving both passenger and pedestrians lives. The ADAS Supplier ecosystem is expected to increase with growth of automobile market. North America is expected to emerge as the most dominant market of ADAS Supplier Ecosystem.This growth is primarily driven by Advancement in Technology and Growth of Automotive Industry.
Globally, a noticeable market trend is evident OEMs Accounts for Largest Market Share. Major Players, such as Toshiba Corporation (Japan), Mitsubishi Corporation (Japan), Denso Corporation (Japan), Gentex Corporation (United States), Robert Bosch GmbH (Germany), Visteon Corporation (United States), ECOSYS Group (France), ARM Ltd. (United Kingdom), Imagination Technologies (United Kingdom) and Alert Technologies Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Velodyne Lidar, a US technology company specialised on LiDAR technology has announced acquisition of Mapper.ai, a firm offering mapping and localization software solutions. The acquisition deal will accelerate the firmís development of its Vella software and Velarray lidar software which are an essential part of companyís upcoming mega product in the field of advanced driver assistance systems.
In 2020, Velodyne Lidar, an innovative Lidar Tech based company situated in Silicon Valley has announced a signing of a deal with Graf Industrial Corporation. Lidar Tech is currently valued at USD 1.8 billion. Velodyne went through the SPAC way to go public to avoid the extra scrutiny which comes with traditional IPO.
- Advancement in Technology
- Growth of Automotive Industry
- OEMs Accounts for Largest Market Share
Integration of Artificial Intelligence with ADAS
High Cost of ADAS
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, ADAS Supplier Ecosystem Study Sheds Light on
The ADAS Supplier Ecosystem Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the ADAS Supplier Ecosystem industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where ADAS Supplier Ecosystem industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global ADAS Supplier Ecosystem Market?
The ADAS Supplier Ecosystem market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in ADAS Supplier Ecosystem Market?
Top performing companies in the Global ADAS Supplier Ecosystem market are Toshiba Corporation (Japan), Mitsubishi Corporation (Japan), Denso Corporation (Japan), Gentex Corporation (United States), Robert Bosch GmbH (Germany), Visteon Corporation (United States), ECOSYS Group (France), ARM Ltd. (United Kingdom), Imagination Technologies (United Kingdom) and Alert Technologies Inc. (United States), to name a few.
3. Which region dominated the worldwide market for ADAS Supplier Ecosystem in 2020?
is dominating the ADAS Supplier Ecosystem Market.