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Opportunities For The Global Automotive ADAS Market To Reach $29.7 Billion By 2022

Opportunities For The Global Automotive ADAS Market To Reach $29.7 Billion By 2022

Submitted by • August 28, 2017 www.lucintel.com

According to a new market report published by Lucintel, the future of the global automotive ADAS market looks promising with opportunities in mid-size cars, large cars, SUVs, and crossovers. The global automotive ADAS market is expected to reach an estimated $29.7 billion by 2022 and it is forecast to grow at a CAGR of 21.1% from 2017 to 2022. The major drivers of growth for this market are increasing production of premium and luxury vehicles, advancement in the automotive electronics, stringent government regulations to reduce road fatalities, and increasing collaboration between OEM and ADAS suppliers to develop low-cost driver assistance systems.

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