The Automotive ADAS (Advanced Driver Assistance Systems) Market will be worth US$ 131 billion by year 2032. The market is estimated to expand at a CAGR of 9.6% over the course of the forecast period. In 2021, the ADAS market was estimated to be worth US$ 29 billion. The demand for Advanced Driver Assistance Systems (ADAS) in the automotive industry is expected to grow significantly in the coming years. There are several factors driving this growth, including increasing safety regulations, rising consumer demand for safety features, and advancements in technology. One of the key drivers of ADAS demand is safety regulations. Governments around the world are implementing stricter safety standards for vehicles, which is leading automakers to incorporate more safety features into their vehicles. ADAS systems such as automatic emergency braking, lane departure warning, and adaptive cruise control can help prevent accidents and reduce the severity of crashes, making them an essential component of modern vehicles. Almost all vehicles accidents are caused by human error, which can be avoided with advance driver assistance system (ADAS). The role of ADAS is to prevent deaths and injuries by reducing the number of car accidents and serious impact of those that cannot be avoided. ADAS manufacturers/ developers have developed systems focusing their efforts on making driving experience safer and having human less human interference. As a result, the advance driver assistance system industry is predicted to grow steadily in the future. Strict regulations imposed on car manufacturers by various government bodies around the world promoting passenger safety will aid overall growth of the market. During the forecast period, growth in the automotive industry, combined with rising government initiatives to adopt advanced technologies, develop increasingly structured safety features, and a rising trend of government and consumer adoption of autonomous vehicles will open new revenue paths for the global ADAS market. During the forecast period, the global ADAS market will benefit from an increase in per-capita consumer spending power in developing economies, as well as an increase in demand for premium and luxurious features in their vehicles. However, high initial costs and an increase in malfunctioning components may limit the global ADAS market growth. Nonetheless the market is predicted to grow due to rising demand from emerging countries such as China, India, Germany and others. For more information: https://www.futuremarketinsights.com/reports/adas-market Key Takeaways from Market Study By ADAS type, night vision system (NVS) sales are expected to grow at a CAGR of 9%in global market. By technology type, ultrasonic sensor and radar sensor segment is expected to lead with a market share of more than 0%. By vehicle type, the passenger vehicle segment will dominate the market with more than 71%of the market share. In terms of region, South Asia and Pacific is predicted to exhibit a CAGR of 12.4%. “The swift expansion of the automotive sector has resulted in an increase in car production, accelerating the growth of the advance driver assistance system market. The market will gain traction in response to the rising demand for safe care driving and implementation of regulations ascertaining improved road safety.” says a Future Market Insights analyst. Advance Driver Assistance System Market Competitive Landscape Manufacturers in the global advance driver assistance system market are focusing on the development of new ADAS type with decreased human interference and increased accountability. Key Companies Profiled Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, DENSO corporation, Mobileye, Aptiv Plc, Veoneer Inc., Autoliv Inc., Valeo SA, Magna International, Aisin Seiki Co. Ltd., Panasonic corporation, Texas Instruments, NVIDIA corporation, NXP Semiconductors NV, Renesas Electronics Corporation, Intel Corporation, Hitachi, Harman International Industries

The size of the worldwide EV powertrain market which is estimated at US$ 10,470.6 million in 2022, is anticipated to register a CAGR of 24% from 2023 to 2033. By following this impressive growth rate the total valuation is anticipated to reach US$ 112,036 million by the end of 2033. EV powertrain refers to the components that are responsible for generating and transmitting power in electric vehicles. It includes the electric motor, battery pack, power electronics, and transmission system. The growth of EV powertrain is directly linked to the adoption of electric vehicles. The increasing demand for electric buses and trucks is also expected to drive the growth of the electric powertrain market. Electric buses and trucks require a more powerful and efficient powertrain system to support their heavy-duty operations. Since conventional fuel cars are anticipated to become less common in the next years, EVs are the way of the future automobile industry. In addition, the adoption of e-mobility and resistance to transportation powered by internal combustion engines are growing and promoting the EV powertrain market opportunities. Moreover, the introduction of EV portfolios and anticipated investments in the EV industry are likely to speed up the changeover. Key Takeaways Owing to the presence of many key players in the United States, currently, this country leads the global market in sales of EV powertrains. As it generated a revenue of around US$ 1,057.5 million, it was figured out to have captured 10.1% of the global market. Germany led the European region in the production of EV powertrains by generating revenue of around US$ 1,005 million in the year 2022. This value was nearly 9.6% of the revenue generated globally, making it the second leading region followed by the United States. However, the United Kingdom has come into the picture these days for its remarkable increase in demand for EV powertrains. Based on the global EV powertrain market statistics, the United Kingdom is poised to register a 19.6% CAGR over the forecast years. In the Asia Pacific region, China leads in production as well as the supply of EV powertrains around the world. This country is further projected to hold the dominant position in the coming days by registering a growth rate of 21.3% through 2033. Contrarily, India remains the most notable region for witnessing rapid expansion in the adoption of EV powertrains these years. With an annual growth rate of 25.4%, the sales of EV powertrains in India are poised to grow faster than in other countries. Among the different types of components, motors generate the maximum share of the revenue generated by the overall market. The motor segment is anticipated to contribute US$ 51,312.5 million of the total revenue share of the global EV powertrain market in 2033. Competitive Landscape for the Market The top 10 global ev powertrain manufacturers are Robert Bosch GmbH, Continental AG, Magna International Inc., Mitsubishi Electric Corporation, ZF Friedrichshafen AG, BorgWarner Inc., Valeo SE, Hitachi Automotive Systems, NXP Semiconductors. The top EV powertrain companies are taking part in M&A activity to solidify their position in the industry that is expanding quickly. For instance, in December 2019, Weichai Power Corporation bought Aradex AG. Dana Inc. followed by acquiring Nordesa Inc. Recent Developments In July 2019, LG Electronics and Magna International establish a strategic alliance to develop EVs. The transfer agreement has been formally signed by both firms to establish a unit by the name LG Magna e-powertrain in South Korea. FEV Europe GmbH is a leader in automobile powertrain software and component development. It signed an extended contract with electric powertrain supplier Hyliion in July 2021. In June 2021, a separate powertrain production division was launched by Xos. Inc. which is an electric class 5-8 vehicle manufacturer. In the off-highway, commercial, and industrial segments, the new subsidiary is expected to provide Xos, and powertrain technologies, besides designing and integrating experience with other OEMs. For more information: https://www.futuremarketinsights.com/reports/ev-powertrain-market

By the end of the year 2033, the overall valuation of the global Electric Vehicle Charger Market Size is expected to be around US$ 68,967.2 million. In response to the ongoing escalation in the cost of gasoline and diesel, there are greater sales of fuel-efficient automobiles like BEVs and HEVS. The depletion of fossil fuel sources and the rising propensity of businesses to maximize profit from these oil reserves are to blame for this. Therefore, these factors increase the need for cutting-edge EV charging technology, resulting in a rise in the popularity of electrically driven automobiles. Electric Vehicle (EV) chargers, also known as Electric Vehicle Supply Equipment (EVSE), are devices that allow EVs to recharge their batteries. There are three main types of EV chargers: Level 1, Level 2, and DC fast chargers. Level 1 chargers use a standard household outlet and provide the slowest charging speeds, while Level 2 chargers provide faster charging speeds and require a 240-volt outlet. DC fast chargers provide the fastest charging speeds and are typically used for long-distance travel. Furthermore, the market for EV chargers is expected to be driven by the growing demand for commercial and public charging stations. With the increase in EV adoption, there is a need for more charging infrastructure in public places such as parking garages, airports, and shopping centers. Additionally, businesses are also installing charging stations in their parking lots to cater to employees and customers who own EVs. Key Takeaways Germany holds an overall market share of 11.2% of the global EV charger business, which is higher than any other country. With the presence of some of the leading electric vehicle suppliers, it is poised to hold its dominance in the coming days. The United States follows Germany in the production and sales of EV chargers, and contributes nearly 9.6% of the global revenue share. Significant expenditure by the key EV charger market players in research and development is poised to keep it a market leader in this sector. In the Asia Pacific region, China is the leading manufacturer of chargers for electric vehicles and is poised to grow at 20.8% on an annual basis. Meanwhile, India is anticipated to witness a year-on-year growth rate of 26.6% during the period from 2023 to 2033. Based on vehicle type, battery-operated electric vehicles (BEVs) generate the most amount of demand for EV chargers around the world. In the year 2022, this market segment contributed revenue of around US$ 2,350 million, which was figured out to be 45.8% of the global EV charger market size. Japan is also a prominent market, with substantial demand for EV chargers owing to the presence of many EV manufacturing companies. The overall value of the Japan EV charger market is expected to reach US$ 413.8 million by 2033. For more information: https://www.futuremarketinsights.com/reports/ev-charger-market Competitive Landscape Key players operating in the global EV charger market are ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, bp pulse, Schaffner Holding AG, and POD point among others. Due to the existence of multiple market entities, the global EV charger industry is fairly fragmented and is getting more competitive each year. Also, for enhancing their market positions and expanding their shares, the leading players are consistently engaged in a variety of R&D initiatives. Other strategies include partnerships, buyouts, acquisitions, cooperation, new product introductions, and many others. Recent Developments BorgWarner Inc. finalized acquiring Delphi Technologies Company in the year 2020. The EV power electronics products, including the EV charger business of BorgWarner, are expected to benefit from the merger with Delphi Technologies. According to an agreement between Enel X, Be Charge, and Eni Apps in December 2021, customers can utilize their smartphones to access charging stations.

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