Automotive Passenger Car ADAS Market Share & Trends: USD [21 Billion] with Projected [10.5%] CAGR Growth
The Global Automotive Passenger Car Advanced Driver Assistance Systems (ADAS) market is experiencing significant growth, transforming vehicle safety and the overall driving experience. According to TechSci Research, the Automotive Passenger Car ADAS Market stood at USD 21 billion in 2022 and is projected to grow at a CAGR of 10.5% from 2024 to 2028. This expansion is driven by regulatory mandates, technological innovations, and increasing consumer preference for enhanced safety features. Automakers are heavily investing in research and development to refine existing technologies and introduce advanced safety mechanisms that will make vehicles safer, smarter, and more autonomous. Automotive Passenger Car ADAS Market Overview ADAS consists of technologies designed to improve driver and passenger safety by leveraging artificial intelligence, machine learning, and real-time data processing. These systems rely on an intricate network of hardware and software ...