Advanced Driver Assist Systems (Adas) Market

Advanced Driver Assist Systems (Adas) Market by System Type (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) by Component (Camera Unit, LiDAR, Radar Sensor, Ultrasonic Sensor, Infrared Sensor) by Vehicle Type (Passenger Car, Light Commercial Vehicle, Truck, Bus) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Advanced Driver Assist Systems (Adas) in terms of revenue?

    The global Advanced Driver Assist Systems (Adas) valued at 29.1 Billion in 2020 and is expected to reach 71.24 Billion in 2028 growing at a CAGR of 12.10%%

  • Which are the prominent players in the market?

    The prominent players in the 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..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 12.10%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Advanced Driver Assist Systems (Adas) include

    • 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.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Advanced Driver Assist Systems (Adas) in 2020.

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