Selbyville, Delaware, June 08, 2022 (GLOBE NEWSWIRE) —
The ADAS market is projected to surpass USD 100 billion by 2030, as reported in a research study by Global Market Insights Inc. The growing adoption of autonomous vehicles in the commercial sector will enhance the market revenue. Commercial automotive enterprises have significantly invested in autonomous vehicles and are focusing on their development.
The growing demand for LiDAR and infrared detection sensors in the automotive sector is driving the ADAS market statistics. This trend can be attributed to the increasing implementation of these sensors for providing improved & effective solutions for adaptive cruise control, automated emergency braking, and response to traffic changes to maintain a safe distance during heavy traffic. Market participants are innovating new technologies to address the safety requirements in the automotive sector.
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The North America ADAS market is witnessing high growth owing to the rising efforts taken by the regional government to promote road safety and encourage automotive manufacturers to integrate smart safety systems. For instance, the National Highway Traffic Safety Administration (NHSTA) has teamed up with the Insurance Institute for Highway Safety (IIHS) to mandate automakers to install automated emergency braking systems in their vehicles. Twenty-two automakers…
