ADAS and Autonomous Driving Component Market To Reach $66.23B Globally By 2030

ADAS, Autonomous Driving Component Market To Reach $66.23B Globally By 2030

However, reliability issues, rising cyber threats in autonomous vehicles, high cost associated with LiDARs, and lack of government rules and regulations in developing regions are limiting the market growth.

The ADAS and autonomous driving component market is driven by the increasing technological developments and advancements in ADAS systems, rising developments in connected infrastructure and intelligent transportation system, demand for ADAS features in commercial vehicles, and growing concerns and measures over road safety. However, reliability issues, rising cyber threats in autonomous vehicles, high cost associated with LiDARs, and lack of government rules and regulations in developing regions, are limiting the market growth.

ResearchAndMarkets.com’s latest report, “ADAS and Autonomous Driving Component Market – A Global and Regional Analysis: Focus on Component Type, Vehicle Type, Applications (by Level of Autonomy), Country-Level Analysis, and Impact of COVID-19,” projects that the ADAS and autonomous driving component market will reach $66.23 billion by 2030.

The global ADAS and autonomous driving component market research provides a detailed perspective on the different types of products, their applications, value and volume estimation, among others. The principal purpose of this market analysis is to examine the ADAS and autonomous driving component market in terms of factors driving the market, restraints, trends, and opportunities, among others.

Competitive Landscape

The global ADAS and autonomous driving component market competitive landscape consist of different strategies undertaken by key players across the industry to gain traction and market share presence. Some strategies adopted by the service providers are new product launches, business expansions, mergers, partnerships, and collaborations.

Among all these strategies adopted, business expansion is the popular choice of the strategy implemented in the ADAS and autonomous driving component market.

Some of the most prominent ecosystem players are Continental AG, Robert Bosch GmbH, Autoliv, Denso Corporation, Aptiv Plc, Texas Instruments, Analog Devices Inc., Intel Corporation, LeddarTech Inc., Magna International Inc., Quanergy Systems Inc., Velodyne LiDAR, Inc., ZF Friedrichshafen AG, and Valeo.

For more information about this report visit https://www.researchandmarkets.com/r/x7txnv.

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