Advanced Driver Assist Systems (Adas) Market
Advanced Driver Assist Systems (Adas) Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0559
Segments Covered
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
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
29.1 Billion |
 Revenue 2028:
|
71.24 Billion |
 Revenue CAGR
(2021 - 2028): |
12.10% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
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
2021 to 2028. 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 2021 to 2028.
Global Advanced Driver Assist Systems (Adas) Market: System Type Segment Analysis
-
- 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
Global Advanced Driver Assist Systems (Adas) Market: Component Segment Analysis
-
- Camera Unit
- LiDAR
- Radar Sensor
- Ultrasonic Sensor
- Infrared Sensor
Global Advanced Driver Assist Systems (Adas) Market: Vehicle Type Segment Analysis
-
- Passenger Car
- Light Commercial Vehicle
- Truck
- Bus
FAQ
Frequently Asked Question
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.
