Product ID: UCMIG25C2126
Report ID:
UCMIG25C2126 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market size of Autonomous Vehicle Development Platforms exceeded USD 22.2 billion in 2022 and is poised for a remarkable growth at a 33% CAGR from 2023 to 2032, driven by the escalating demand for driver assistance systems. These systems play a crucial role in Level 3 autonomous vehicles and their associated development platforms. The capabilities of Advanced Driver Assistance Systems (ADAS) have evolved to become robust, reliable, and resilient, although their adoption has been restricted to luxury vehicles due to high costs. Nevertheless, as technological advancements continue, there is an expectation that ADAS will extend to other vehicle segments in the forecast period. Presently, many ADAS in use are discrete single-function systems with limited data throughput.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Automobile Manufacturers by segment aggregation, the contribution of the Automobile Manufacturers in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG25C2126