Marcuselenia03 Jun, 2021Business
Market Size ? USD 24.05 Billion in 2019, Market Growth - CAGR of 21.9%, Market Trends ? Growing automotive industry has proliferated the rising need for safety of the vehicle as well as the passengers, thus in turn foserting the growth of the Advanced Driver Assistance Systems market. The Global ADAS and Autonomous Driving Components Market is projected to reach USD 118.03 billion in 2027. The continual development in automotive electronics sensors application and technology, the rising concern for safety, increasing demand of automation in automobiles, demand of concept cars from high-income consumers and increasing use of sensors in hybrid semi hybrid and electric cars are boosting the demand of ADAS and autonomous driving components market.
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