According to TechSci Research report, “United States ADAS Radar Systems Market – By Region, Competition, Forecast and Opportunities, 2019-2029”, United States ADAS Radar Systems Market has valued at USD 1.5 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 13.6% through 2029.
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Report Description
Forecast Period | 2025-2029 |
Market Size (2023) | USD 1.5 Billion |
Market Size (2029) | USD 3.25 Billion |
CAGR (2024-2029) | 13.6% |
Fastest Growing Segment | Lidar |
Largest Market | Northeast US |
Key market players in the United States ADAS Radar Systems Market are: -
- Continental AG
- Robert Bosch LLC
- Aptiv PLC
- Veoneer Inc.
- Denso Corporation
- Valeo SE
- Texas Instruments Incorporated
- Infineon Technologies AG
- ZF Friedrichshafen AG
- NXP Semiconductors NV
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“The United States ADAS Radar Systems Market has undergone significant growth, driven by a confluence of factors reshaping the automotive landscape. With an unyielding focus on enhancing vehicle safety, the market has witnessed a surge in demand for Advanced Driver Assistance Systems (ADAS), particularly those integrating radar-based technologies. Regulatory mandates emphasizing safety standards have been pivotal, compelling automotive manufacturers to integrate radar systems into vehicles. This integration addresses the need for collision avoidance, adaptive cruise control, and autonomous driving capabilities. Technological strides in radar systems have significantly bolstered their performance, enabling precision in object detection and navigation across various environmental conditions. Moreover, the market's momentum is propelled by a growing consumer inclination towards vehicles equipped with sophisticated safety features. As the automotive industry continues to evolve, the United States ADAS Radar Systems Market remains at the forefront, poised for sustained expansion and innovation to meet the escalating demand for safer, more technologically advanced vehicles.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States ADAS Radar Systems Market Segmented By Vehicle Type (Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV), Passenger Vehicle), By System Type (Blind Spot Detection, Parking Assistance, Lane Departure Warning System, Autonomous Emergency Braking, Intelligent Headlights, Adaptive Cruise Control, Heads-up Display), By Component (Radar, Lidar, Sensors, Camera), By Region, and By Competition, 2019-2029,” has evaluated the future growth potential of United States ADAS Radar Systems Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States ADAS Radar Systems Market.
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