Automotive ADAS Market in China 2020-2024 The analyst has been monitoring the automotive ADAS market in China and it is poised to grow by $ 2. 30 billion during 2020-2024 progressing at a CAGR of 14% during the forecast period.
New York, Aug. 25, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Automotive ADAS Market in China 2020-2024" - https://www.reportlinker.com/p05228036/?utm_source=GNW
Our reports on automotive ADAS market in China provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current china market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing importance of crash test and NCAP ratings, declining price of sensors is making automotive ADAS products affordable and growth of automotive industry in China. In addition, growing importance of crash test and NCAP ratings is anticipated to boost the growth of the market as well.
The automotive ADAS market in China market analysis include segments.1.
The automotive ADAS market in China is segmented as below:
• Passenger cars
• Commercial vehicles
This study identifies the growing development of AI-enabled adas solutions as one of the prime reasons driving the automotive ADAS market in China growth during the next few years. Also, integration of map contents in ADAS technologies and adoption of V2X technology to enhance ADAS performance will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our automotive ADAS market in China covers the following areas:
• Automotive ADAS market in China sizing
• Automotive ADAS market in China forecast
• Automotive ADAS market in China industry analysis
Read the full report: https://www.reportlinker.com/p05228036/?utm_source=GNW
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