Advanced Driver Assistance System (ADAS) Market Set for Rapid Expansion during Forecast Period 2022-2030

Researchmoz demystifies the advanced driver assistance system market by shedding some light on market size, opportunities, trends, drivers, restraints, product segmentation, and competitive edge.

The advanced driver assistance system market is expected to witness noteworthy growth owing to advanced technological development and its global adoption.

The global advanced driver assistance system market is projected to grow CAGR of 11.4% between 2021 to 2030. The estimated market value in 2021 was USD27.52bn and it is projected to witness an estimated value of 58.59bn by 2030.

Factors Driving and Restraining the Market

The global advanced driver assistance system market shows an impressive growth opportunity during the forecast period. Let’s sneak peek into the factors that are expected to drive the market.

  • The increasing number of accidents and need for safety measures are projected to drive the advanced driver assistance market in the coming years.
  • The ADAS offers a wide range of benefits higher efficiency, safety, comfort, and seamless driving experience, thus owing to the market expansion.
  • The increasing disposable income among consumers and urban lifestyle is leading the way to boost the production and sales of the advanced driver assistance system market.
  • Further, the ADAS offers safety benefits to not just the driver, but also the passengers and pedestrians, thus reducing the mishaps and owing to the expansion of the market during the forecast period.

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