Automotive Light Commercial Vehicle ADAS Market Forecast: Robust Growth with [9.2% CAGR] and Key Insights
The global Automotive Light Commercial Vehicle Advanced Driver Assistance Systems (ADAS) market is witnessing rapid growth, driven by technological advancements, regulatory requirements, and increasing consumer awareness. ADAS technology enhances vehicle safety, improves driving efficiency, and plays a crucial role in minimizing accidents on the road. According to the TechSci Research report, the Automotive Light Commercial Vehicle ADAS Market stood at USD 12 billion in 2022 and is projected to grow at a CAGR of 9.2% during the forecast period of 2024-2028. With rising concerns over road safety and an increasing push towards autonomous driving capabilities, ADAS has become a crucial technology for both commercial fleet operators and individual vehicle owners. Automotive Light Commercial Vehicle ADAS Market Overview ADAS refers to a suite of active and passive safety technologies designed to assist drivers by enhancing security and safety for both passengers and ...