Advanced Driver Assist Systems (ADAS) Market

Key Insights

The Global Advanced Driver Assist Systems (ADAS) Market is valued at USD 40.49 Billion in 2023 and is projected to reach a value of USD 101.1 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 12.1% between 2024 and 2032.

Definition And Overview

Advanced Driver Assistance Systems are intelligent systems that are built inside the vehicle and assist the main driver in a numerous ways. The various uses of ADAS include pedestrian detection/avoidance, lane departure warning/correction, traffic sign recognition, automatic emergency braking and blind spot detection.

The Global Advanced Driver Assist Systems (ADAS) Market report provides a thorough analysis of each segment including System Type,Component and Vehicle Type for each region, and country. All the segments are studied considering historical and future trends across geographies. All the segments covers trends, market size, and forecasts, and the data is provided for the years 2023–2032. Moreover, the report also covers exhaustive analysis on competitive scenario of the global market covering in depth company profiles based on business overview, financial performance, product portfolio, business strategies, recent developments, and market share among others. In addition to that the report offers several market impacting factors such as drivers, restraints, and opportunities. Cumulatively, the report will cover all of the aspects regarding the Global Advanced Driver Assist Systems (ADAS) Market.

COVID-19 Impact Analysis

In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

• Impact Assessment of COVID-19 Pandemic
• Pre & Post COVID-19 Market Size
• Qualitative analysis on the short term & long term impact of COVID-19 on the market
• The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The report covers an exhaustive analysis of Advanced Driver Assist Systems (ADAS) industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends, SWOT analysis, and value chain analysis along with technological landscape and regulatory framework specific to Advanced Driver Assist Systems (ADAS) industry.

The governments are implementing stringent regulations for vehicles to be installed with advanced safety systems to decrease accident rates and resulting injuries and deaths in countries across the globe. The obligatory installation of advanced driver assistance systems in both developed and emerging countries is augmenting the market growth. The deployment these systems in other car models is further supporting the growth of the advanced driver assistance systems market. Various manufacturers in automotive industry are investing in ADAS in order to differentiate their automobiles from other manufacturers in the industry.

The rising vehicle sale across the globe is anticipated to augment the growth of the advanced driver assistance systems market during the forecast period. This is owing to the rapid urbanization, rising disposable income of the consumers, and increasing developments in technologies. Furthermore, increase in global sales of automobiles has also caused a major shift of consumers towards the adoption of personal vehicles which is in turn expected to support the growth of the advanced driver assistance systems market in the forecast period.

The lack of required infrastructure in emerging countries is expected to hamper the growth of the advanced driver assistance systems market. This system needs basic infrastructure like lane marking, well-organized roads, and availability of GPS for proper functioning. The cost considerations, poor infrastructure outside urban areas, and poor driving training and rules are expected to hinder the growth of the advanced driver assistance systems market in emerging economies.

Market Segmentation

System Type Analysis: Preview

On the basis of System Type, the market is segmented into Adaptive Cruise Control, Blind Spot Detection, Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System, Intelligent Parking Assist System (IPAS), Lane Departure Warning System, Adaptive Front-light, Others. Blind Spot Detection held the highest share in the Global Advanced Driver Assist Systems (ADAS) Market and is projected to witness the same trend during the forecast period.

Component Analysis: Preview

Based on Component, the market is segmented into Camera Unit, LiDAR, Radar Sensor, Ultrasonic Sensor, Infrared Sensor. Radar sensor accounted for the highest market share and is expected to grow at a significant CAGR from 2023 to 2032.

Vehicle Type Analysis: Preview

Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle, Truck, Bus. Passenger Car dominates the Global Advanced Driver Assist Systems (ADAS) Market and is expected to continue the same trend from 2023 to 2032.

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Regional Analysis: Preview

Based on geography, the Global Advanced Driver Assist Systems (ADAS) Market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional section is further bifurcated into key country level markets for each region. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. It covers market size and estimations for each segment by region and country for the years 2023–2032. Asia Pacific dominates the Global Advanced Driver Assist Systems (ADAS) Market and is expected to continue the same trend during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.

Competitive Landscape

Major players in the Global Advanced Driver Assist Systems (ADAS) Market are Autoliv Inc, Valeo, Robert Bosch Gmbh, Aisin Seiki Co. Ltd., Renesas Electronics Corporation, Hella Kgaa Hueck & Co., Hitachi Ltd, Texas Instruments Inc., Infineon Technologies AG, Elektrobit Corporation, Freescale Semiconductor Inc., Magna International, Mobileye NV, Delphi Automotive PLC, Hyundai Mobis, Ficosa International S.A., Trw Automotive Holdings Corp., Mando Corp., Denso Corporation, Gentex Corporation, Continental Ag, Tass International.. The Global Advanced Driver Assist Systems (ADAS) Market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network, and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.

The Global Advanced Driver Assist Systems (ADAS) Market can be categorized as Type, Application, End-Use Industry, and Region.