Report Sees ADAS and Autonomous Vehicles as $144 Billion Market by 2025
The market for advanced driver assistance systems (ADAS) and autonomous vehicles will reach $144 billion in global revenue by 2025, said Juniper Research in a Tuesday news release. The market research firm said ADAS adoption is expected to increase rapidly…
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over the next five years, though it still lacks significant mass market penetration. Several factors will account for this: reduced hardware costs, especially sensors; more governmental interest in self-driving cars due to safety and environmental reasons, with commercial companies such as ride-sharing providers leading the way; and stricter safety "specifications" for "vulnerable road users such as pedestrians."