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Advanced Driver Assist Systems (ADAS) Market Size & Share to Surpass USD 71.24 Billion by 2028 | Vantage Market Research

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WASHINGTON, March 13, 2023 (GLOBE NEWSWIRE) — Global Advanced Driver Assist Systems (Adas) Market is rapidly growing and is expected to reach USD 71.24 Billion by 2028, with a compound annual growth rate (CAGR) of 12.10% during the forecast period (2022-2028). The major factors driving the growth of the market include the increasing demand for safer and more efficient driving experience, the growing adoption of autonomous vehicles, and the increasing need for reducing the number of road accidents.

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Advanced Driver Assist Systems (Adas) Market Overview

Advanced Driver Assistance Systems (ADAS) are a set of technologies that are designed to improve vehicle safety and enhance the driving experience. ADAS systems use various sensors and cameras to monitor the vehicle’s surroundings, and provide warnings or automatic intervention to avoid accidents or collisions.

Some of the key ADAS systems include adaptive cruise control, lane departure warning systems, parking assistance systems, blind spot detection systems, and forward collision warning systems. These systems are increasingly being integrated into vehicles by automakers, with many offering them as standard features in their high-end models.

North America and Europe are the largest markets for ADAS systems, due to the high adoption rate of advanced technologies in these regions, and the strict government regulations for vehicle safety. However, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period, due to the growing automotive industry and increasing demand for luxury and high-end vehicles.

Top Report Findings

  • The global ADAS market is expected to reach USD 71.24 Billion by 2028, with a compound annual growth rate (CAGR) of 12.10% during the forecast period (2022-2028).
  • The major factors driving the growth of the market include the increasing demand for safer and more efficient driving experience, the growing adoption of autonomous vehicles, and the increasing need for reducing the number of road accidents.
  • North America and Europe are the largest markets for ADAS systems, due to the high adoption rate of advanced technologies in these regions, and the strict government regulations for vehicle safety. However, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period, due to the growing automotive industry and increasing demand for luxury and high-end vehicles.
  • The key ADAS systems include adaptive cruise control, lane departure warning systems, parking assistance systems, blind spot detection systems, and forward collision warning systems.
  • The integration of ADAS systems with connected cars, the use of artificial intelligence and machine learning, and the development of autonomous driving are some of the major trends driving the growth of the ADAS market.
  • The increasing adoption of electric vehicles and the integration of ADAS systems with smartphones and augmented reality are also expected to drive the growth of the ADAS market in the coming years.

Top Players in the Global Advanced Driver Assist Systems Market

  • Autoliv Inc
  • Valeo
  • Robert Bosch Gmbh
  • Aisin Seiki Co. Ltd.
  • Renesas Electronics Corporation
  • Hella Kgaa Hueck & Co.
  • Hitachi Ltd
  • Texas Instruments Inc.
  • Infineon Technologies AG
  • Elektrobit Corporation
  • Freescale Semiconductor Inc.
  • Magna International
  • Mobileye NV
  • Delphi Automotive PLC
  • Hyundai Mobis
  • Ficosa International S.A.
  • Trw Automotive Holdings Corp.
  • Mando Corp.
  • Denso Corporation
  • Gentex Corporation
  • Continental Ag
  • Tass International

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Top Trends in Global Advanced Driver Assist Systems Market

Integration with Connected Cars: Advanced driver assistance systems are increasingly being integrated with connected cars, enabling them to communicate with other vehicles and the infrastructure around them. This integration enables ADAS systems to provide more accurate and real-time data, which can improve their performance and safety.

Artificial Intelligence and Machine Learning: ADAS systems are increasingly being developed using artificial intelligence and machine learning algorithms, which enable them to learn from data and improve their performance over time. This technology is being used to develop more advanced and sophisticated systems that can provide better safety and convenience for drivers.

Autonomous Driving: The development of autonomous vehicles is driving the growth of the ADAS market. As autonomous vehicles become more common, ADAS systems will play an increasingly important role in ensuring their safety and efficiency.

Increasing Demand for Electric Vehicles: The increasing demand for electric vehicles is driving the growth of the ADAS market, as these vehicles require advanced safety systems to ensure their safety and performance.

Integration with Smartphones: ADAS systems are increasingly being integrated with smartphones, enabling drivers to control and monitor their systems remotely. This integration is providing drivers with more control and convenience, and is driving the growth of the ADAS market.

Integration with Augmented Reality: Augmented reality is being used to develop more advanced ADAS systems that can provide drivers with real-time information about their surroundings. This technology is being used to develop more sophisticated and advanced systems that can provide better safety and convenience for drivers.

Increasing Adoption of LiDAR: LiDAR technology is being increasingly used in ADAS systems, as it provides more accurate and detailed information about the vehicle’s surroundings. This technology is being used to develop more advanced and sophisticated systems that can provide better safety and convenience for drivers.

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Market Dynamics

Drivers

Increasing Demand for Safer Driving Experience: The demand for safer driving experience is a major driver of the ADAS market. ADAS systems are designed to improve vehicle safety by providing drivers with real-time information about their surroundings, thereby reducing the risk of accidents and injuries.

Growing Adoption of Autonomous Vehicles: The increasing adoption of autonomous vehicles is driving the growth of the ADAS market, as these vehicles require advanced safety systems to ensure their safety and efficiency.

Stringent Government Regulations: Governments across the world are implementing stringent regulations for vehicle safety, which is driving the adoption of ADAS systems. These regulations are aimed at reducing the number of road accidents and improving road safety.

Increasing Awareness about Vehicle Safety: The increasing awareness about vehicle safety among consumers is driving the growth of the ADAS market. Consumers are becoming more aware of the benefits of ADAS systems, and are willing to invest in advanced safety technologies for their vehicles.

Technological Advancements: The rapid advancements in technology are driving the development of more advanced and sophisticated ADAS systems, which are more reliable and effective than traditional safety systems.

Growing Demand for Luxury and High-End Vehicles: The growing demand for luxury and high-end vehicles is driving the growth of the ADAS market. These vehicles are equipped with advanced safety technologies, including ADAS systems, to provide drivers with a safer and more comfortable driving experience.

Restraints

High Cost of ADAS Systems: The high cost of ADAS systems is one of the major restraints of the market. The cost of advanced safety technologies, including ADAS systems, is relatively high, which limits their adoption among budget-conscious consumers.

Lack of Standardization: The lack of standardization in the ADAS market is another key restraint. The absence of standardized protocols for ADAS systems is hindering their adoption, as it creates interoperability issues and limits their compatibility with other safety technologies.

Cybersecurity Concerns: The increasing use of connectivity technologies in vehicles is exposing them to cybersecurity threats, which is a major concern for the ADAS market. Cybersecurity threats can compromise the safety and reliability of ADAS systems, which can deter their adoption among consumers.

Limited Awareness and Education: The limited awareness and education about ADAS systems among consumers is hindering their adoption. Many consumers are not aware of the benefits of ADAS systems, and do not understand how they work, which limits their adoption.

Reliability Issues: The reliability issues associated with ADAS systems are another key restraint of the market. ADAS systems are prone to errors and malfunctions, which can compromise their safety and reliability, and can deter their adoption among consumers.

Opportunities

Development of Advanced Technologies: The development of advanced technologies, such as artificial intelligence (AI), machine learning, and advanced sensors, presents a significant opportunity for the ADAS market. These technologies can improve the accuracy and reliability of ADAS systems, and enhance their performance and functionality.

Growing Demand for Electric Vehicles: The growing demand for electric vehicles presents a significant opportunity for the ADAS market. Electric vehicles require advanced safety systems, including ADAS systems, to ensure their safety and efficiency.

Increasing Focus on Vehicle-to-Everything (V2X) Communication: The increasing focus on vehicle-to-everything (V2X) communication presents a significant opportunity for the ADAS market. V2X communication technologies can enhance the functionality of ADAS systems by providing real-time information about traffic, road conditions, and other vehicles, thereby improving their accuracy and reliability.

Integration with Autonomous Driving Systems: The integration of ADAS systems with autonomous driving systems presents a significant opportunity for the market. ADAS systems can enhance the safety and reliability of autonomous driving systems by providing real-time information about the vehicle’s surroundings, and by alerting drivers to potential hazards and obstacles.

Emerging Markets: The emerging markets, such as China, India, and Brazil, present significant growth opportunities for the ADAS market. The growing demand for advanced safety technologies in these markets, coupled with the increasing adoption of electric and autonomous vehicles, is driving the growth of the ADAS market in these regions.

Browse market data Tables and Figures spread through 180 Pages and in-depth TOC on Advanced Driver Assist Systems Market Forecast Report (2022-2028).

Global Advanced Driver Assist Systems Market Segmentation   

By System Type

  • Adaptive Cruise Control
  • Blind Spot Detection
  • Tire Pressure Monitoring System (TPMS)
  • Drowsiness Monitor System
  • Intelligent Parking Assist System (IPAS)
  • Lane Departure Warning System
  • Adaptive Front-light
  • Others

By Component

  • Camera Unit
  • LiDAR
  • Radar Sensor
  • Ultrasonic Sensor
  • Infrared Sensor

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Truck
  • Bus

   Key Questions Answered in the Report:

  • What is the current market size of the ADAS market, and what is its projected growth rate over the forecast period?
  • What are the key drivers, restraints, and challenges in the ADAS market, and how are they impacting market growth?
  • What are the key trends and developments in the ADAS market, and how are they shaping the future of the market?
  • What are the key applications and end-users of ADAS systems, and what are their growth prospects over the forecast period?
  • What are the key geographic regions in the ADAS market, and what is their market share and growth potential over the forecast period?
  • What are the key competitive strategies adopted by the leading players in the ADAS market, and how are they positioned in the market?
  • Who are the key players in the ADAS market, and what are their market share and growth strategies?
  • What are the key technological developments and innovations in the ADAS market, and how are they driving market growth?
  • What are the regulatory and policy frameworks governing the ADAS market, and how are they impacting market growth?
  • What are the key challenges and opportunities in the ADAS market, and how can stakeholders address them to drive market growth and profitability?

Read Full Report@ https://www.vantagemarketresearch.com/industry-report/advanced-driver-assist-systems-adas-market-0559

Scope of the Report:    

Report Attributes Details
Market Size in 2021 USD 29.1 Billion
Revenue Forecast by 2028 USD 71.24 Billion
CAGR 12.10% from 2022 to 2028
Base Year 2021
Forecast Year 2022 to 2028
Key Players Autoliv Inc, Valeo, Robert Bosch Gmbh, Aisin Seiki Co. Ltd., Renesas Electronics Corporation, Hella Kgaa Hueck & Co., Hitachi Ltd, Texas Instruments Inc., Infineon Technologies AG, Elektrobit Corporation, Freescale Semiconductor Inc., Magna International, Mobileye NV, Delphi Automotive PLC, Hyundai Mobis, Ficosa International S.A., Trw Automotive Holdings Corp., Mando Corp., Denso Corporation, Gentex Corporation, Continental Ag, Tass International.
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

Regional Analysis

  • North America and Europe are the largest markets for ADAS systems, due to the high adoption rate of advanced technologies in these regions and the strict government regulations for vehicle safety. The US is the largest market in North America, while Germany, the UK, and France are the largest markets in Europe.
  • The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, due to the growing automotive industry and increasing demand for luxury and high-end vehicles. China is the largest market in the region, followed by Japan and South Korea.
  • Latin America and the Middle East & Africa are also expected to witness significant growth in the ADAS market, due to the increasing adoption of advanced technologies in the automotive sector and the rising demand for safer and more efficient driving experience.
  • The key players in the ADAS market are focusing on expanding their presence in emerging markets such as China, India, and Brazil, to tap into the growing demand for advanced safety technologies in these regions.
  • In summary, the regional analysis of the ADAS market highlights the varying levels of adoption and growth potential in different regions, and the key players are strategizing to expand their presence in the emerging markets.

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Sasken and JOYNEXT forge strategic partnership to accelerate innovation and expand global footprint

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BANGALORE, India, April 16, 2024 /PRNewswire/ — Sasken Technologies Limited, a leading provider of product development and digital transformation services, and JOYNEXT, a respected Tier1 player in the automotive industry, announced a strategic partnership to collaborate on the development and launch of cutting-edge platforms for both in-vehicle systems (navigation, digital cockpit and 5G telematics) and off-vehicle cloud and digital services leveraging emerging technologies for the automotive industry.

Sasken and JOYNEXT will leverage their complementary expertise, global presence, and strong ecosystems to deliver innovative and integrated solutions to the automotive industry. This collaboration will enable faster time to market with the best IPs and provide unparalleled support throughout the product development process. By combining JOYNEXT’s proven advanced automotive solutions with Sasken’s innovative automotive hardware and software capabilities, including chip-to-cloud cognitive engineering, connected car solutions, optimised edge computing solutions, computer vision, generative AI, and cybersecurity, the partnership aims to address the complex needs of the automotive market while delivering enhanced customer experiences.
“We are excited to collaborate with JOYNEXT, as their automotive industry expertise aligns perfectly with Sasken’s ambition to maintain a leadership position in the global automotive market,” said Mr. Abhijit Kabra, CEO, Sasken Technologies. “By leveraging our respective strengths, we can provide unique value to our customers and accelerate technological advancements in the automotive industry.”
The partnership began with a multi-year collaboration focused on automotive software maintenance for navigation and ASPICE compliance. It also includes the definition and implementation of enhancements for new products to keep pace with evolving Software Defined Vehicle (SDV) architectures. Sasken will drive the initiative to address EV challenges such as range anxiety, compatibility with navigation ecosystem players, increasing driver confidence by incorporating real-time data on charging points, driving terrains and integration with ADAS systems. Proprietary algorithms will optimise battery range for safer, more efficient journeys.
“We at JOYNEXT are excited to join forces with Sasken,” said Stavros Mitrakis, CEO of JOYNEXT. “By leveraging Sasken’s strong hardware and software capabilities and our extensive automotive domain knowledge, we will be able to develop solutions that not only address today’s challenges, but also anticipate the needs of the future. We are confident that this partnership will enhance our product offering and enable us to deliver more innovative, safer, and more enjoyable driving experiences to our customers.”
The aim of the partnership between Sasken and JOYNEXT is not only to push the boundaries of product innovation, but also to ensure that products reach the market more efficiently, equipped with the latest technology and tailored to meet the ever-changing demands of consumers.
About Sasken:
Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition engineering R&D and Digital Transformation services to global leaders in Automotive, Semiconductor, Transportation, Industrials, Consumer Electronics, Enterprise Devices, SatCom and Telecom industries. For over 30 years and with multiple patents, Sasken has transformed the businesses of 100+ Fortune 500 companies, powering more than a billion devices through its services and IP. For more information, visit www.sasken.com 
JOYNEXT – WE CONNECT FUTURE
JOYNEXT is a leading AutoTech company, the Automotive Connectivity Business Unit of Joyson Electronics. Headquarters in China, JOYNEXT marks our global presence in Germany, Poland, France, US, Japan, etc. We develop technologies for intelligent connected vehicles and provide a highly personalized mobility experience that is empathic, safe, and adaptable. Our 1,500+ employees work at 7 R&D centers, 3 global manufacturing locations, and 4 customer canters around the world.
For more than two decades, JOYNEXT has been working as the development partner and system supplier of renowned car manufacturers and established long-term partnerships with various well-known OEMs. Our intelligent cockpit and smart connectivity products are equipped in millions of vehicles worldwide, complemented by our capabilities in developing autonomous driving technologies and software products, which lay a solid foundation for the cockpit and driving fusion facing the era of Central Computing Units.
Balancing innovation with sustainability, we are committed to contributing to industry transformation together with our eco-partners, such as Microsoft, HUAWEI, Qualcomm, Horizon Robotics, Black Sesame, Elektrobit, and QNX to deliver a smarter driving experience for end users. www.JOYNEXT.com
Media Contact:Rekha Sahay GhoshHead of Marketing & CommunicationsE: [email protected]: +91 080 6694 3009
Sasken Technologies Limited139/25, Ring Road, Domlur, Bengaluru 560071, IndiaT: +91 80 6694 3000, E: [email protected]: L72100KA1989PLC014226 | www.sasken.com
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IDnow bridges the AI-human divide with new expert-led video verification solution

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New VideoIdent Flex elevates trust with a human touch in the face of rising fraud and the closing of physical bank branches
LONDON, April 16, 2024 /PRNewswire/ — IDnow, a leading identity verification provider in Europe, has unveiled VideoIdent Flex, a new version of its expert-led video verification service that blends advanced AI technology with human interaction. The human-based video call solution, supported by AI, has been designed and built to boost customer conversion rates, reduce rising fraud attempts, increase inclusivity, and tackle an array of complex online verification scenarios, while offering a high-end service experience to end customers.

The company’s original expert-led product, VideoIdent, has been a cornerstone in identity verification for over a decade, serving the strictest requirements in highly regulated industries across Europe. VideoIdent Flex, re-engineered specifically for the UK market, represents a significant evolution, addressing the growing challenges of identity fraud, compliance related to Know-Your-Customer (KYC) and Anti-Money Laundering (AML) processes and ensuring fair access and inclusivity in today’s digital world outside of fully automated processes.
Empowering businesses with flexible human-based identity verification
As remote identity verification becomes more crucial yet more challenging, VideoIdent Flex combines high-quality live video identity verification with hundreds of trained verification experts, thus ensuring that genuine customers gain equal access to digital services while effectively deterring fraudsters and money mules. Unlike fully automated solutions based on document liveness and biometric liveness features, this human-machine collaboration not only boosts onboarding rates and prevents fraud but also strengthens trust and confidence in both end users and organisations. VideoIdent Flex can also serve as a fallback service in case a fully automated solution fails.
Bertrand Bouteloup, Chief Commercial Officer at IDnow, commented: “VideoIdent Flex marks a groundbreaking advancement in identity verification, merging AI-based technology with human intuition. In a landscape of evolving fraud tactics and steady UK bank branch closures, our solution draws on our decade’s worth of video verification experience and fraud insights, empowering UK businesses to maintain a competitive edge by offering a white glove service for VIP onboarding. With its unique combination of KYC-compliant identity verification, real-time fraud prevention solutions, and expert support, VideoIdent Flex is a powerful tool for the UK market.”
Whereas previously firms may have found video identification solutions to be excessive for their compliance requirement or out of reach due to costs, VideoIdent Flex opens up this option by customising checks as required by the respective regulatory bodies in financial services, mobility, telecommunications or gaming, to offer a streamlined solution fit for every industry and geography.
Customisable real-time fraud prevention for high levels of assurance
VideoIdent Flex has a number of key features and benefits:
Customisable: Pre-defined configurations to meet specific industry requirements and regional regulations.Expert-led: High-quality live video verification conducted by trained identity verification experts, ensuring accuracy, reliability, and compliance for high levels of assurance.Extensive document coverage: Support for a wide range of documents, facilitating global expansion and inclusivity.Real-time fraud prevention: Advanced fraud detection capabilities, including AI-driven analysis and manual checks, combat evolving fraud tactics and help protect against social engineering fraud, document tampering, projection and deepfakes, especially for high-risk use cases and goods.Verification of high-risk individuals: Reviewing applications from high-risk persons, such as Politically Exposed Persons (PEPs), high-risk countries; or assessing where fraud might be expected with real-time decisions, without alerting suspicion.Bouteloup concluded: “Identity verification is incredibly nuanced; it’s as intricate as we are as human beings. This really compounds the importance of adopting a hybrid approach to identity – capitalising on the dual benefits of advanced technology when combined with human knowledge and awareness of social cues. With bank branches in the UK closing down, especially in the countryside, and interactions becoming more and more digital, our solution offers a means to maintain a human relationship between businesses and their end customers, no matter their age, disability or neurodiversity.   
“VideoIdent Flex is designed from the ground up for organisations that cannot depend on a one-size-fits-all approach to ensuring their customers are who they say they are. In a world where fraud is consistently increasing, our video capability paired with our experts adds a powerful layer of security, especially for those businesses and customers that require a face-to-face interaction.”
About IDnow
IDnow is a leading identity verification platform provider in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted from purely online to point-of-sale, each of them optimized for user conversion rates and security.
In 2021, IDnow acquired the French market leader for identity technology, ARIADNEXT, and the German identity Trust Management AG, enabling IDnow to offer its customers one of the broadest identification solutions through a single, integrated platform.
The company has offices in Germany, United Kingdom, and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners. Its portfolio of over 900 international clients spans a wide range of industries, and includes leading international players, such as UniCredit, Telefonica, Sixt, Crédit Agricole, BNP, and Munich Re, as well as digital champions like N26, Solarisbank, Younited Credit, BoursoBank, Klarna and Tier mobility.
Press contact IDnowKatherina [email protected]+49 89 41324 6030
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MYCOM OSI Launches AInsights Availability in AWS Marketplace

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LONDON, April 16, 2024 /PRNewswire/ — MYCOM OSI, a leading independent provider of Network Assurance and Service Experience Assurance solutions to some of the world’s largest communications service providers (CSPs), announced today that AInsights, is now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). 

AInsights application offers predictive AI-based insights, combined with a comprehensive Data Fabric that powers Big Data Lakes with normalized network and service data. This critical enhancement to MYCOM OSI’s EAA suite enables CSPs to continuously predict the performance of their network and services, and to proactively identify and resolve problems before they impact their customers. This is specifically essential for the delivery and the assurance of high reliability and low latency 5G enterprise services.
The MYCOM OSI AInsights application is available as part of its SaaS offering operated on Amazon Web Services (AWS) as well as the CSPs’ hybrid cloud architecture. With this, MYCOM OSI customers and partners will benefit from high scalability and low-error predictive data insights from the network and its services in near real-time. AInsights’ replicable data models can be applied to different network functions for a deeper 360-degree network view. A factory approach using Open APIs enables intelligent data to be consumed seamlessly by any component of the CSP ecosystem.
AWS customers will now have access to AInsights, enabling predictive operations and assurance of CSP networks, directly within AWS Marketplace. This provides AWS customers with the ability to streamline the purchase and management of AInsights application within their AWS Marketplace account. 
“We are delighted to offer AInsights’ unique AI-driven insights to communications service providers to support their growth and transformation plans through AWS Marketplace,” said Mounir Ladki, President and CTO at MYCOM OSI. “With AInsights, CSPs can rapidly move from reactive to predictive assurance and operations of their networks and services. By accessing AInsights in AWS Marketplace, customers can quickly take their first step in achieving benefits of predictive AI-based insights to automate network operations and maximize customer experience.”
AInsights is now generally available in AWS Marketplace. Please visit https://aws.amazon.com/marketplace/pp/prodview-p4ikrghvc24dq for more information.
For information on MYCOM OSI and its Service Assurance offerings please visit www.mycom-osi.com. To arrange a discussion with MYCOM OSI, click here or contact the team at [email protected], +447719820492

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