ADAS Procurement Intelligence To Grow Substantially At A CAGR Of 18.2% Till 2030
Advanced Driver Assistant System (ADAS) Procurement Intelligence The advanced driver assistant system category is expected to grow at a CAGR of 18.2% from 2023 to 2030. The Asia Pacific region accounts for the largest category share. Factors such as the increasing awareness for road safety, concerns with regard to safety mandate from the government, effective R&D for ADAS element design, and advanced development in technology are driving the growth of the category. One of the key trends is the increasing use of emerging 5G technology with the integration of the Internet of Things (IoT) to implant the product in budgeted car segments. Government mandating Electronic Stability Control (ESC) to be installed on each vehicle, which is the initial requirement for developing ADAS, there is an increased probability to have the product installed in every segment. Order your copy of the Advanced Driver Assistant System (ADAS) category procurement intelligence report 2023-2030 , ...