Thursday, 15 March 2018
Global Automotive ADAS Market Growing at a CAGR of 26.98% between 2016 and 2022 - openPR
QYR forecast the global Automotive ADAS market to reach 51 billion USD by 2022 from 11 Billion USD in 2016, growing at a CAGR of 26.98% between 2016 and 2022. There is a rising demand for passenger car applications. Moreover, the popularity of ADAS system in family car creating a huge demand for Automotive ADAS worldwide. The major factors driving the growth of the Automotive ADAS market further include the promotion of government policy and the increasing consumer demand for safety.