The competitive landscape of the ADAS and autonomous driving component market exhibits an inclination towards companies adopting strategies such as partnership/collaboration/joint venture, product launch/service launch, merger and acquisition, and business expansion, among others. Moreover, the industry is at a growing stage and manufacturers are adopting the above strategies to increase their market presence and are also organizing and taking part in numerous events.
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The global ADAS and autonomous driving components market, though an emerging market, is also one of the most competitive industries, with leading players competing against each other so as to attain a stable hold over the pool of customers. Some of the initiatives taken by players in component market include new product launches, precise and secure systems, pricing strategies, acquisitions of small-scale start-ups and emerging players, and formation of partnerships among the major players of the automotive components industry.
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The market share analysis of some of the major players in the ADAS and autonomous driving components market such as Continental AG, Ibeo Automotive Systems GmbH, Robert Bosch GmbH, Denso Corporation, Analog Devices Inc., Infineon technologies, LeddarTech, Quanergy Systems, and Velodyne LiDAR, among others. These companies are aiming for a wider range of product portfolio and collaborations in order to enhance the performance and quality of the autonomous vehicles and other ADAS featured vehicles.
Furthermore, prominent industry players are making active efforts to advance the commercialization of low-cost, compact and high performing autonomous system components. Adding to this, given the industry’s initial developmental stage and huge growth potential, it is expected that the market will observe an increase in the number of key strategic developments in the near future, among different stakeholders including LiDAR manufacturers, ECUs providers, automotive OEMs and various other technology players in the market.
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