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Description
Advanced Driver Assistance Systems (ADAS) Market size was valued at 42.7 billion in 2021 and is expected to reach 162.3 billion by 2028, at a CAGR of 21% during the forecast period 2022 to 2028. Owing to the growing disposable income levels, improved vehicle invention and production in emerging countries such as China and India coupled with surge in number of extravagance & luxurious vehicles in countries such as United States, Japan, Canada, and other developed countries are expected to fuel the growth of the market. Furthermore, advancements in technology and special features developed by the market players are anticipated to drive the growth of the market. However, lack of obligatory infrastructure in emerging countries is the major restraining factor for the growth of the market. The report studies global Advanced Driver Assistance Systems (ADAS) market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global Advanced Driver Assistance Systems (ADAS) market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed globalmarket to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
