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.
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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
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Additional information offered by the report:
- Along with a complete overview of the global Advanced Driver Assistance System (ADAS) market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Advanced Driver Assistance System (ADAS) market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
Segments Covered in this report are:
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Offering Outlook (Revenue, USD Billion; 2018–2028)
- Hardware
- Software
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Component Outlook (Revenue, USD Billion; 2018–2028)
- LiDAR
- Camera Unit
- Ultrasonic Sensor
- Radar Sensor
- Infrared Sensor
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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)
Radical Highlights of the Advanced Driver Assistance System (ADAS) Market Report:
- Comprehensive overview of the Advanced Driver Assistance System (ADAS) market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Advanced Driver Assistance System (ADAS) market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.