Latest Breaking News On - Automotive simulation market - Page 1 : comparemela.com

Share: Noida, India, March 09, 2021 (GLOBE NEWSWIRE) According to a study conducted recently by the strategic consulting and market research firm, BlueWeave Consulting, the global Advanced Driver Assistance Systems (ADAS) market was worth USD 25.1 billion in 2020 and is further projected to reach USD 69.4 billion by 2027, at a CAGR of 16.4% during 2021-2027 (forecast period). The increasing demand for a safe, efficient, and convenient driving experience as well as the rising demand for luxury vehicles across the globe are the key factors driving the growth of the ADAS market. Additionally, the Original Equipment Manufacturers (OEMs) and government regulatory authorities are taking necessary steps to improve transportation by addressing major challenges like road accidents, traffic congestion, and the cost of transportation. As a result of the high scale of growth of the

United statesBaden wubergRobert boschAsia pacificComponent softwareNational safety councilZf friedrichshafenNational transportation safety boardHarman internationalBrentwood industries incOrganization size large enterprisesHyundai motor groupMarket intelligence mi solutionsEuropean unionPanasonic corporationOrganization size small