As cited by the research report titled ‘Advanced Driver Assistance System (ADAS) Market Size By Technology (Adaptive Cruise Control, Automatic High Beam Control, Blind Spot Detection, Driver Monitoring, Forward Collision Warning, Front Lighting, Automatic Emergency Braking (AEB), Night Vision, Head-up Display (HUD), Lane Departure Warning, Park Assist, Surround View System, Traffic Sign Recognition, Tire Pressure Monitoring System (TPMS)), By Sensor (LiDAR, Infrared, Ultrasonic, RADAR, Image Sensor), By Vehicle (PCV, LCV, HCV), By Distribution Channel (OEM, Aftermarket) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with MarketStudyReport, global advanced driver assistance system (ADAS) market is projected to expand significantly over 2020-2026.
 

Growing demand for safety features in vehicles and considerable rise in automotive component manufacturing are majorly driving global advanced driver assistance system market growth.
 

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ADAS (advanced driver assistance system) is essentially used to define an increasing number of safety functions and is designed to improve driver, passenger, and pedestrian safety by reducing both the total number and severity of motor vehicle accidents.
 

Moreover, future growth of ADAS technology is determined by various trends, including automotive HMI design, connectivity, embedded vision, sensors, and automotive systems infrastructure. ADAS includes a variety of features and components that collectively deliver a safer and more comfortable riding experience.
 

Some advanced driver assistance system consists of more advanced features including, automatic parking, automotive night vision, intelligent speed adaptation, crosswind stabilization, tire pressure monitoring, lane change assistance system, anti-lock braking system, and surround view system among others. Thus, rising cognizance regarding the benefits of the product are contributing towards global advanced driver assistance system industry remuneration.
 

Based on technology, adaptive cruise control segment seized 25% market share in 2019 on account of its ability to control vehicle speed and augment driver safety as well as comfort.
 

Speaking of sensor type, the infrared segment held 10% market share in 2019. Such sensors can deliver secured line of sight communication and a low power consumption in automotive safety systems, thereby fueling the segmental share.
 

Considering the regional frame of reference, the Middle East & Africa market was valued at USD 500 million in 2019 and is poised to showcase considerable growth over the forecast timeline owing to significant increase in automotive component manufacturing initiatives in the region.
 

Prominent players influencing the industry dynamics are Joyson Safety Systems (JSS), Hyundai Mobis, HELLA GmbH & Co. KGaA, Harman International Industries Inc., Gentex Corporation, Denso Corporation, Delphi Auto Parts, Continental AG, Autoliv Inc., Aisin Corporation, ZF Friedrichshafen AG, Valeo SA, Texas Instruments Inc., Robert Bosch GmbH,  Renesas Electronics Corporation, Panasonic Corporation, NXP Semiconductors N.V., Nvidia Corporation, Mobileye , and Magna International Inc.