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Global ADAS and Autonomous Driving Component Market Anticipated to Reach $66.23 Billion by 2030 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. 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, restrain ....
Global ADAS and Autonomous Driving Component Market Report 2021-2030: Reliability Issues and Rising Cyber Threats in Autonomous Vehicles Restraining Growth yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Share this article Share this article ResearchAndMarkets.com s offering. The global ADAS and autonomous driving component market is expected to be valued at $39.79 billion and 518.6 million units in 2018 and is anticipated to grow at a CAGR of 12.51% and 13.29% respectively, during the forecast period, 2019-2029. The increasing technological developments and advancements in ADAS systems, rising developments in connected infrastructure and intelligent transportation systems, the demand for ADAS features in commercial vehicles, and growing concerns and measures over road safety drive the market growth. Technological advancements in the automotive industry have resulted in the worldwide adoption of ADAS and autonomous driving solutions. The changing paradigm of consumers as well as major automotive OEMs, the requirement of robust security mechanisms in the vehicle for the protection of drivers and passengers, impact of 5G technology enhancing the autonomous driv ....