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Automotive Advanced Driver Assistance System (ADAS) Market size is set to grow by USD 33.67 billion from 2024-2028, Decline in sensor prices boost the market, Technavio

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NEW YORK, July 24, 2024 /PRNewswire/ — The global automotive advanced driver assistance system (ADAS) market size is estimated to grow by USD 33.67 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.87% during the forecast period. Decline in sensor prices is driving market growth, with a trend towards growing development of ai-enabled ADAS solutions. However, high costs associated with service and maintenance of adas poses a challenge. Key market players include AISIN CORP., Aptiv Plc, Autoliv Inc., BorgWarner Inc., Continental AG, DENSO Corp., Gentex Corp., Harman International Industries Inc., HELLA GmbH and Co. KGaA, Hyundai Motor Co., Infineon Technologies AG, Intel Corp., Magna International Inc., NXP Semiconductors NV, Panasonic Holdings Corp., Renesas Electronics Corp., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG.

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Automotive Advanced Driver Assistance System (ADAS) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.87%

Market growth 2024-2028

USD 33678.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.53

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key countries

US, Germany, China, Japan, and France

Key companies profiled

AISIN CORP., Aptiv Plc, Autoliv Inc., BorgWarner Inc., Continental AG, DENSO Corp., Gentex Corp., Harman International Industries Inc., HELLA GmbH and Co. KGaA, Hyundai Motor Co., Infineon Technologies AG, Intel Corp., Magna International Inc., NXP Semiconductors NV, Panasonic Holdings Corp., Renesas Electronics Corp., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG

Market Driver

Automotive companies are prioritizing customer needs and personalized solutions in a connected environment. Artificial Intelligence (AI) technology is increasingly used in Advanced Driver Assistance Systems (ADAS) due to its ability to mimic human brain functions. AI-based ADAS continuously learns and enhances object detection and recognition. NVIDIA DRIVE AutoPilot, for instance, has AI capabilities that significantly improve object detection. Major ADAS manufacturers like ZF Friedrichshafen and Continental have started producing AI-based ADAS solutions based on NVIDIA DRIVE AutoPilot. The demand for effective active safety and reliable driving systems will drive the growth of the global automotive ADAS market. AI-enabled ADAS solutions are expected to gain significant traction due to their power efficiency and reduced development time. This trend will continue to shape the market during the forecast period. 

The Automotive Advanced Driver Assistance System (ADAS) market is experiencing significant growth as software companies and service providers team up with ride-sharing operators, luxury vehicle manufacturers, and automakers to integrate advanced safety features. Night vision systems, drowsiness monitoring, and sensor technology are key trends in this sector. With the rise of vehicle electrification and automation, processors, software, and sensors are in high demand. Passenger cars and commercial vehicles are adopting these systems to meet safety standards and regulations, such as Vision Zero, which aims for road safety with zero fatalities and injuries. Lane departure warning, self-driving vehicles, and collision avoidance systems are becoming standard features. Continental, Seeing Machines, Analog Devices, and other industry leaders are developing AI-oriented automotive solutions using infrared cameras and DMS/OMS systems. Road safety is a top priority, with proactive measures including anti-lock braking systems, electronic stability control, and adaptive cruise control. 

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Market Challenges

The Automotive Advanced Driver Assistance System (ADAS) market growth is being hindered by several factors. One major challenge is the high cost of maintenance and repair for vehicles equipped with ADAS. These systems, which include features like Adaptive Cruise Control (ACC), Blind Spot Detection (BSD), and Automatic Emergency Braking System (AEBS), use sophisticated technology like radar sensors. The repair costs for these sensors are significantly high, with radar sensors for AEBS and ACC costing above USD900, and rear radar sensors for BSD and rear cross-traffic alert costing about USD2,000. This high repair cost is a significant barrier to ADAS adoption, particularly in emerging economies where customers are price-sensitive. Another challenge is the shortage of skilled technicians required to calibrate and repair ADAS technology. This shortage is particularly acute in prominent economies, such as the US, where the automotive industry is projected to need around 46,000 skilled automotive technicians by 2026. The global automotive industry is already facing a shortage of skilled technicians, leading to rising repair and maintenance costs. This shortage is expected to continue, posing a significant challenge to the growth of the automotive ADAS market during the forecast period.The Automotive Advanced Driver Assistance System (ADAS) market is experiencing significant growth due to the increasing demand for safety features in electric and autonomous vehicles. Road safety remains a top priority, with a focus on reducing accidents and injuries. Automakers are responding with proactive measures such as anti-lock braking systems, electronic stability control, collision avoidance systems, adaptive cruise control, and crash test ratings. However, challenges remain, including the need for standardized infrastructure in rural and less-developed areas, and the integration of technologies like Automotive Ethernet, high-definition cameras, and sensors (radar, LIDAR, ultrasonic, image, infrared) with human-machine interfaces. Regulations continue to evolve, with a focus on safety standards and infrastructure improvements. General Motors, microcontroller units, electronic control units, and controllers are key players in this market. Premium vehicles often include advanced ADAS systems, such as vehicle radar, sensing systems, control modules, power electronics, and human-machine interfaces for vehicle speed and engine fuel supply. E-Hailing service providers are also investing in ADAS to enhance safety and improve the customer experience.

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Segment Overview 

This automotive advanced driver assistance system (adas) market report extensively covers market segmentation by  

Application 1.1 Passenger cars1.2 Commercial vehiclesTechnology 2.1 AEBS2.2 TPMS2.3 PAS2.4 LDWS and othersGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Passenger cars-  The passenger cars segment is the largest adopter of Advanced Driver Assistance Systems (ADAS) in the automotive industry, driven by automotive Original Equipment Manufacturers (OEMs) seeking to enhance vehicle safety ratings and differentiate their products. Developed regions, including North America and Europe, lead the adoption due to stringent safety regulations, such as the US National Highway Traffic Safety Administration’s (NHTSA) 5-Star Safety Ratings program, which emphasizes ADAS technologies like Automatic Emergency Braking Systems (AEBS), Forward Collision Warning Systems (FCWS), Lane Departure Warning Systems (LDWS), Tire Pressure Monitoring Systems (TPMS), and rear-view video systems. Key players, such as Daimler AG (Daimler), BMW AG (BMW), and Volkswagen AG (Volkswagen), are pioneering the adoption of emerging ADAS technologies in mass-market passenger cars, fueling market growth. Luxury car manufacturers also innovate advanced ADAS functionalities to differentiate their offerings, collaborating to develop automated technologies, further driving the passenger cars segment’s growth in the global automotive ADAS market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Automotive ADAS Aftermarket is experiencing robust growth, driven by increasing demand for advanced safety features and technological advancements. Concurrently, the global Automotive Advanced Driver Assistance System (ADAS) Sensors Market is also on the rise, with a focus on enhancing vehicle safety and automation. This market is expected to grow significantly, driven by innovations in sensor technology and rising consumer awareness about vehicle safety. Both markets reflect a growing emphasis on advanced automotive technologies.

Research Analysis

The Automotive Advanced Driver Assistance System (ADAS) market is experiencing significant growth due to the increasing demand for road safety and the integration of electric vehicles (EVs) and autonomous vehicles (AVs) into the automotive industry. ADAS technologies, including night vision systems, sensor and processor technologies, and AI-oriented automotive, are designed to enhance safety features in vehicles, reduce accidents, injuries, and road traffic fatalities. These proactive measures are particularly important for luxury vehicles and battery electric vehicles (BEVs), which may have unique safety challenges. The market for ADAS is driven by safety standards and consumer demand for increased vehicle automation and electrification. Companies such as Continental, Seeing Machines, and Analog Devices are leading the way in the development of innovative ADAS technologies, including infrared cameras and AI-based systems, to create self-driving vehicles that prioritize safety and performance.

Market Research Overview

The Automotive Advanced Driver Assistance System (ADAS) market is witnessing significant growth due to the increasing focus on road safety and reducing accidents. Electric vehicles and autonomous vehicles are driving the demand for advanced safety features, including anti-lock braking systems, electronic stability control, collision avoidance systems, adaptive cruise control, and lane departure warning. Automakers are integrating these safety systems into premium and luxury vehicles to meet safety standards and regulations. Road infrastructure plays a crucial role in the effective implementation of ADAS, with standardized infrastructure and cloud data essential for proactive measures. In rural and less-developed areas, high-definition cameras, Automotive Ethernet, and e-hailing service providers are key. Sensors, including radar, LIDAR, ultrasonic, image, and infrasound, are integral to ADAS, along with microcontroller units, electronic control units, and human-machine interfaces. Vehicle speed, engine fuel supply, and vehicle radar sensing systems are controlled by controllers, power electronics, and software companies. Vision Zero, a road safety initiative, is a key focus area for ride-sharing operators and luxury vehicle manufacturers. Night vision systems, drowsiness monitoring systems, vehicle electrification, and vehicle automation are also gaining popularity in the market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationPassenger CarsCommercial VehiclesTechnologyAEBSTPMSPASLDWS And OthersGeographyEuropeNorth AmericaAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Siemon Validates Interoperability of AI-Ready Fiber Cabling with NVIDIA™ InfiniBand™ Hardware at IBTA Plugfest

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Siemon is pleased to announce that its AI Ready fiber optic cabling solutions passed all system interoperability tests with NVIDIA InfiniBand hardware.

WATERTOWN, Conn., Sept. 28, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, successfully participated in the 41st InfiniBand Trade Association (IBTA) Plugfest for InfiniBand and RoCE, held at The University of New Hampshire – Interoperability Lab from April 15th to May 3rd. This year’s Plugfest marked a significant milestone with the IBTA introducing new system interoperability testing that included optical transceivers and fiber cabling from various manufacturers for the first time. This rigorous testing program establishes compliance to industry specifications and real-world interoperability, ensuring a robust ecosystem of InfiniBand and RoCE products.

“These test results provide assurance to our customers that Siemon’s AI Ready fiber cabling performs flawlessly within NVIDIA AI network designs, supporting both switch-to-switch and switch-to-server applications”

Siemon is pleased to announce that its AI Ready fiber optic cabling solutions passed all system interoperability tests with NVIDIA InfiniBand hardware.

“These test results provide assurance to our customers that Siemon’s AI Ready fiber cabling performs flawlessly within NVIDIA AI network designs, supporting both switch-to-switch and switch-to-server applications,” stated Gary Bernstein, Siemon’s Sr. Director of Global Data Center Sales.

The System testing was done with NDR 400G and NDR 200G traffic using NVIDIA switches, ConnectX-7 adapter cards, multimode and singlemode transceivers, and Siemon’s multimode and singlemode MTP fiber cabling solutions, including trunks, jumpers, and patch panels.

The IBTA will publish their InfiniBand Integrator’s list soon, listing specific hardware and Siemon components used in various configurations.

For inquiries regarding this testing or Siemon’s AI-Ready solutions, please contact your local Siemon representative.

For more information on Siemon Generative AI Solutions, please visit www.siemon.com/ai.

Media Contact

Brian Baum, Siemon, 1 8609454200, brian_baum@siemon.com 

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SOURCE Siemon

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Liftoff! NASA’s SpaceX Crew-9 Launches to International Space Station

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WASHINGTON, Sept. 28, 2024 /PRNewswire/ — The two crew members of NASA’s SpaceX Crew-9 mission launched at 1:17 p.m. EDT Saturday, for a science expedition aboard the International Space Station. This is the first human spaceflight mission launched from Space Launch Complex-40 at Cape Canaveral Space Force Station in Florida, and the agency’s ninth commercial crew rotation mission to the space station.

A SpaceX Falcon 9 rocket propelled the Dragon spacecraft into orbit carrying NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov. The spacecraft will dock autonomously to the forward-facing port of the station’s Harmony module at approximately 5:30 p.m. Sunday, Sept. 29, where Hague and Gorbunov will join Expedition 72 for a five-month stay aboard the orbiting laboratory.

“This mission required a lot of operational and planning flexibility. I congratulate the entire team on a successful launch today, and godspeed to Nick and Aleksandr as they make their way to the space station,” said NASA Administrator Bill Nelson. “Our NASA wizards and our commercial and international partners have shown once again the success that comes from working together and adapting to changing circumstances without sacrificing the safe and professional operations of the International Space Station.”

During Dragon’s flight, SpaceX will monitor a series of automatic spacecraft maneuvers from its mission control center in Hawthorne, California. NASA will monitor space station operations throughout the flight from the Mission Control Center at the agency’s Johnson Space Center in Houston.

NASA will provide live coverage of rendezvous, docking, and hatch opening, beginning at 3:30 p.m., Sept. 29, on NASA+ and the agency’s website. NASA also will broadcast the crew welcome ceremony once Hague and Gorbunov are aboard the orbital outpost. Learn how to stream NASA content through a variety of platforms, including social media.

The duo will join the space station’s Expedition 72 crew of NASA astronauts Michael Barratt, Matthew Dominick, Jeanette Epps, Don Pettit, Butch Wilmore, and Suni Williams, as well as Roscosmos cosmonauts Alexander Grebenkin, Alexey Ovchinin, and Ivan Vagner. The number of crew aboard the space station will increase to 11 for a short time until Crew-8 members Barratt, Dominick, Epps, and Grebenkin depart the space station in early October.

The crewmates will conduct more than 200 scientific investigations, including blood clotting studies, moisture effects on plants grown in space, and vision changes in astronauts during their mission. Following their stay aboard the space station, Hague and Gorbunov will be joined by Williams and Wilmore to return to Earth in February 2025.

With this mission, NASA continues to maximize the use of the orbiting laboratory, where people have lived and worked continuously for more than 23 years, testing technologies, performing science, and developing the skills needed to operate future commercial destinations in low Earth orbit and explore farther from Earth. Research conducted at the space station benefits people on Earth and paves the way for future long-duration missions to the Moon under NASA’s Artemis campaign, and beyond.

More about Crew-9

Hague is the commander of Crew-9 and is making his second trip to the orbital outpost since his selection as an astronaut in 2013. He will serve as a mission specialist during Expedition 72/73 aboard the space station. Follow @AstroHague on X and Instagram.

Roscosmos cosmonaut Aleksandr Gorbunov is flying on his first mission. He will serve as a flight engineer during Expeditions 72/73.

Learn more about NASA’s SpaceX Crew-9 mission and the agency’s Commercial Crew Program at:

https://www.nasa.gov/commercialcrew

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SOURCE NASA

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Global Times: 75 years on, China committed to global common development

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BEIJING, Sept. 28, 2024 /PRNewswire/ — October 1 this year marks the 75th anniversary of the founding of the People’s Republic of China. Over the past 75 years, under the leadership of the Communist Party of China (CPC), the country has undergone tremendous changes, realizing unprecedented development. China has achieved in a few decades what took developed countries several centuries, with its economy now ranking as the second largest in the world. With strenuous efforts, China has realized its first centenary goal – building a moderately prosperous society in all respects.

China’s influence on the world has never been as profound and long-lasting as it is today. Likewise, the world’s attention to China has never been as deep, and focused as it is now.

As globalization deepens, nations are becoming more interdependent, while various global challenges continue to emerge. Humanity faces natural challenges such as climate change and the loss of biodiversity, as well as common global threats like extreme poverty, nuclear proliferation, political extremism, hegemony, and escalating geopolitical conflicts. The need for cooperation has never been more urgent or important than it is today, experts said.

“Where is humanity headed?” has become a significant question concerning the future and destiny for all.

To answer this question, Chinese President Xi Jinping put forward the vision of building a community with a shared future for humanity in 2013. This is seen as China’s solution to addressing global challenges and creating a better future through concerted efforts of the international community. “The common interest of all humankind is in a world united and peaceful rather than divided and volatile,” Xi said, Xinhua News Agency reported.

Building a community with a shared future for humanity is not about replacing one system with another or one civilization with another. Instead, it is about countries with different social systems, ideologies, historical contexts, and levels of development achieving mutual benefits, sharing rights, and jointly bearing responsibilities in international affairs, experts said.

“Unlike the confrontational or competitive approaches that often dominate international relations, this concept advocates for inclusivity and multilateralism,” Hamad Al Hosani, senior researcher at TRENDS Research and Advisory, a think tank of the United Arab Emirates, told the Global Times. “It also reflects a shift from traditional approach to one that embraces a holistic and interconnected global outlook.”

Hosani added that this concept helps address global challenges by focusing on shared responsibilities, such as equitable resource distribution, environmental stewardship, and collective security measures. It encourages countries to promote a sense of global solidarity and cooperation in managing transnational threats.

China’s vision, embodied in initiatives like the Belt and Road Initiative, focuses on infrastructure investment, trade connectivity, and mutual development without imposing political conditions, Hosani told the Global Times, adding that “this reflects a more pragmatic and cooperative approach that respects the individual paths of nations.”

Therefore, the Chinese path offers developing countries an alternative model of engagement, one that values equal partnership and mutual benefit rather than hierarchical or conditional relationships. “This has attracted many countries, particularly in the Global South, to China’s approach, which they see as less intrusive and more respectful of their developmental needs and choices,” Hosani said.

Li Haidong, a professor at the China Foreign Affairs University, told the Global Times that China has provided substantial aid to the Global South over the past decade and established various organizations such as the Asian Infrastructure Investment Bank (AIIB), which reflect China’s principles of equality, inclusiveness, cooperation, and sustainability.

For a better world

Over the 11 years since the concept of building a community with a shared future for humanity was proposed, China has been both an advocate and a practitioner. Through joint efforts, the Belt and Road Initiative (BRI) has transformed from a Chinese proposal to an international practice, from an idea to concrete actions. It has not only brought tangible benefits to the participating countries but also contributed positively to promoting healthy globalization, addressing global development challenges, and improving global governance.

Projects such as the China-Pakistan Economic Corridor, China-Europe Railway Express, China-Laos Railway, Jakarta-Bandung High-Speed Railway, Piraeus Port, Kopa wind power project have greatly benefited local people. By the end of June 2023, China had signed over 200 cooperation documents with more than 150 countries across five continents and over 30 international organizations under the BRI framework, creating countless iconic projects as well as smaller, people-centered projects.

Bojan Lalic, director of the Belt and Road Institute in Belgrade, told the Global Times that different from the West’s selective alliances, China has opted for a path of inclusive multilateralism, advocating for broader cooperation and promoting inclusive frameworks such as the BRI to facilitate development across numerous nations.

“As developing countries increasingly engage with China, a shift in global power dynamics may occur, enabling a multipolar world where various development models coexist,” Lalic said.

Under the vision of building a community with a shared future for humanity, President Xi proposed the Global Development Initiative, the Global Security Initiative, and the Global Civilization Initiative successively from 2021 to 2023. These three initiatives focus on addressing global development challenges, eliminating global security dilemmas, and promoting exchanges and mutual learning among civilizations.

So far, more than 100 countries and international organizations have voiced support for the Global Development Initiative, with over 70 countries joining this “Group of Friends.” More than 200 development cooperation projects have yielded results, according to the People’s Daily Overseas Edition.

UN Secretary-General António Guterres praised the Global Development Initiative as a “valued contribution to addressing common challenges and accelerating the transition to a more sustainable and inclusive future.”

 

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SOURCE Global Times

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