The global weather forecasting systems market size is expected to reach USD 3.61 Billion at a CAGR of 5.4% during the forecast period, according to latest analysis by Emergen Research. Growing need for more accurate and reliable information related to climate patterns and constant monitoring are some key factors driving market revenue growth at a rapid rate. Sudden and unexpected climatic changes cause major damage to life and property, and safety and security concerns have been rising as a result. Continuous technological advancements in weather forecasting systems to predict changes in the atmosphere more accurately are also factors supporting revenue growth of the market. Different types of weather forecasting techniques are used and more advanced solutions such as sensors, computing systems, communication devices, and software have been gaining rapid traction in the recent past. These systems are used for the purpose of collecting atmospheric data, processing it, and interpreting the information to various channels across the globe.

The Advanced Driver Assistance System (ADAS) market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.

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Competitive Terrain:

The global Advanced Driver Assistance System (ADAS) industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Continental AG, Robert Bosch GmbH, Denso, Samsung Electronics, Intel, Hyundai Mobis, ZF Friedrichshafen AG, Magna International Inc., Renesas Electronics Corporation, and Infineon Technologies AG

The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

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Market Overview:

The report bifurcates the Advanced Driver Assistance System (ADAS) market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

  • Offering Outlook (Revenue, USD Billion; 2018–2028)

    • Hardware
    • Software

  • Component Outlook (Revenue, USD Billion; 2018–2028)

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

  • System Outlook (Revenue, USD Billion; 2018–2028)

    • Adaptive Front Light (AFL)
    • Adaptive Cruise Control (ACC)
    • Blind Spot Detection (BSD)
    • Forward Collision Warning (FCW)
    • Automatic Emergency Braking (AEB)
    • Driver Monitoring System (DMS)
    • Cross Traffic Alert (CTA)
    • Lane Departure Warning (LDW)
    • Pedestrian Detection System (PDS)
    • Tire Pressure Monitoring System (TPMS)
    • Road Sign Recognition (RSR)
    • Intelligent Park Assist (IPA)
    • Night Vision System (NVS)
    • Traffic Jam Assist (TJA)

The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Regional Analysis Covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Points Covered in This Section:

  • Regional contribution
  • Estimated revenue generation
  • Vital data and information about the consumption rate in all the leading regional segments
  • An expected rise in market share
  • Forecast growth in the overall consumption rate

Key Objectives of the Report:

  • Analysis and estimation of the Advanced Driver Assistance System (ADAS) market size and share for the projected period of 2020-2027
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Advanced Driver Assistance System (ADAS) market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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