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During the projection period of 2023-2030, the worldwide ADAS market is projected to grow from its 2022 valuation of USD 30.19 billion to a peak of USD 65.16 billion. Adaptive cruise control, adaptive front lighting, automatic emergency braking, blind spot detection, cross traffic alert, and many other ADAS systems are supplied by software and hardware vendors to various global original equipment manufacturers and component manufacturers. Top original equipment manufacturers (OEMs) have put resources into developing advanced driver assistance systems (ADAS) because to factors such rising concerns about driver safety on the road and robust government support.
The increasing popularity of compact passenger cars is expected to be a major contributor in the expansion of the market for sophisticated driver aid systems. It is expected that government rules mandating the use of ADAS in vehicles will increase, which will further fuel demand. Due to the increasing prevalence of COVID-19, the market contracted during the first half of 2020. Many factories and assembly facilities had to temporarily shut down because of the worldwide lockdowns. In the next quarters of 2021, slower auto sales will limit the market growth potential for advanced driver assistance systems (ADAS). However, laws for driver safety assistance in many countries around the world are expected to propel the ADAS industry to significant development by 2022.
The increased demand for luxury automobiles can be attributed to rising levels of consumer disposable income, rising levels of economic stability, and a growing inclination for materialistic lifestyles. The bulk of high-end vehicle owners live in economically developed nations including the United States, Canada, Japan, Spain, South Korea, and Germany. Sales of luxury vehicles, on the other hand, have been on the rise in recent years in emerging markets like India and China. Due to the prevalence of industry giants like BMW, Mercedes-Benz, Audi AG, and Volkswagen, the German luxury automobile market is the most lucrative in the world. The United States is a major market for high-end vehicles of all kinds, while China is the world's leading exporter of luxury automobiles.
Overall market growth is predicted to be influenced in the next years by the increasing demand for cutting-edge systems like road sign recognition, night vision, and sleepiness monitoring. Increased government requirements to promote road safety and prevent road accidents are predicted to massively raise the market for classic ADAS systems such autonomous emergency braking systems and adaptive cruise control systems. For instance, the European Union (EU) recently approved a law requiring all heavy commercial vehicles to be equipped with adaptive cruise control systems by the year 2020. Over the forecast period, the advanced driver assistance systems market is expected to benefit greatly from mandates and laws of this nature.
Congestion and unnecessary fatalities are the results of an increase in road accidents. It has been found via numerous surveys and analysis conducted by traffic authorities worldwide that the majority of incidents may be attributed to driver error and inattention. The annual death toll from traffic accidents is estimated at 1,300,000 by the United Nations. Furthermore, governments are investing heavily in implementing cutting-edge safety technologies and in promoting the use of driverless vehicles. The New Car Assessment Program (NCAP), the Insurance Institute for Highway Safety (IIHS), and the International Centre for Automotive Technology (ICAT) are just a few of the organizations that give safety ratings to vehicles that automakers must meet before they can gain access to vehicle authorization.
Manufacturers are changing the corporate structure by spending heavily in ADAS technology to fulfill technical necessities despite the rising demand for smart driver aid systems in the automotive industry. Adaptive cruise control, automatic emergency braking, and park assist are all part of the car's advanced driver aid system. The implementation of such cutting-edge technologies is fraught with technical difficulties. Software, radars, sensors, cameras, and maps assist make all of these systems work. The accuracy of all sensors may not be guaranteed at all times. For instance, the AEB may be activated if the sensors mistook a car in the adjacent lane for an oncoming one. Therefore, there may be an increased probability of malfunctions and failures if these systems are relied on solely.
Report Coverage
Global Advanced Driver Assistance Systems (ADAS) research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Advanced Driver Assistance Systems (ADAS) report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Advanced Driver Assistance Systems (ADAS) competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Advanced Driver Assistance Systems (ADAS) market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Advanced Driver Assistance Systems (ADAS) market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Advanced Driver Assistance Systems (ADAS) market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), DENSO CORPORATION (Japan), Aptiv PLC (Ireland), Valeo SA (France), Magna International Inc. (Canada), Aisin Seiki Co. Ltd (Japan), Autoliv Inc. (Sweden), GENTEX CORPORATION (U.S.), Harman International (U.S.), Hyundai Mobis (South Korea), NXP Semiconductor (Netherlands), Mobileye (Israel), Panasonic Corporation (Japan), Renesas Electronics Corporation (Japan).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Advanced Driver Assistance Systems (ADAS) market based on the below-mentioned segments:
Global Advanced Driver Assistance Systems (ADAS) Market, By Solution Type
Adaptive Cruise Control
Blind Spot Detection System
Park Assistance
Lane Departure Warning System
Tire Pressure Monitoring System
Autonomous Emergency Braking
Adaptive Front Lights
Others
Global Advanced Driver Assistance Systems (ADAS) market, By Component Type
Processor
Sensors
Software
Others
Global Advanced Driver Assistance Systems (ADAS) Market, By Vehicle Type
Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
Global Advanced Driver Assistance Systems (ADAS) market, Regional Analysis
The increasing popularity of compact passenger cars is expected to be a major contributor in the expansion of the market for sophisticated driver aid systems. It is expected that government rules mandating the use of ADAS in vehicles will increase, which will further fuel demand. Due to the increasing prevalence of COVID-19, the market contracted during the first half of 2020. Many factories and assembly facilities had to temporarily shut down because of the worldwide lockdowns. In the next quarters of 2021, slower auto sales will limit the market growth potential for advanced driver assistance systems (ADAS). However, laws for driver safety assistance in many countries around the world are expected to propel the ADAS industry to significant development by 2022.
The increased demand for luxury automobiles can be attributed to rising levels of consumer disposable income, rising levels of economic stability, and a growing inclination for materialistic lifestyles. The bulk of high-end vehicle owners live in economically developed nations including the United States, Canada, Japan, Spain, South Korea, and Germany. Sales of luxury vehicles, on the other hand, have been on the rise in recent years in emerging markets like India and China. Due to the prevalence of industry giants like BMW, Mercedes-Benz, Audi AG, and Volkswagen, the German luxury automobile market is the most lucrative in the world. The United States is a major market for high-end vehicles of all kinds, while China is the world's leading exporter of luxury automobiles.
Overall market growth is predicted to be influenced in the next years by the increasing demand for cutting-edge systems like road sign recognition, night vision, and sleepiness monitoring. Increased government requirements to promote road safety and prevent road accidents are predicted to massively raise the market for classic ADAS systems such autonomous emergency braking systems and adaptive cruise control systems. For instance, the European Union (EU) recently approved a law requiring all heavy commercial vehicles to be equipped with adaptive cruise control systems by the year 2020. Over the forecast period, the advanced driver assistance systems market is expected to benefit greatly from mandates and laws of this nature.
Congestion and unnecessary fatalities are the results of an increase in road accidents. It has been found via numerous surveys and analysis conducted by traffic authorities worldwide that the majority of incidents may be attributed to driver error and inattention. The annual death toll from traffic accidents is estimated at 1,300,000 by the United Nations. Furthermore, governments are investing heavily in implementing cutting-edge safety technologies and in promoting the use of driverless vehicles. The New Car Assessment Program (NCAP), the Insurance Institute for Highway Safety (IIHS), and the International Centre for Automotive Technology (ICAT) are just a few of the organizations that give safety ratings to vehicles that automakers must meet before they can gain access to vehicle authorization.
Manufacturers are changing the corporate structure by spending heavily in ADAS technology to fulfill technical necessities despite the rising demand for smart driver aid systems in the automotive industry. Adaptive cruise control, automatic emergency braking, and park assist are all part of the car's advanced driver aid system. The implementation of such cutting-edge technologies is fraught with technical difficulties. Software, radars, sensors, cameras, and maps assist make all of these systems work. The accuracy of all sensors may not be guaranteed at all times. For instance, the AEB may be activated if the sensors mistook a car in the adjacent lane for an oncoming one. Therefore, there may be an increased probability of malfunctions and failures if these systems are relied on solely.
Report Coverage
Global Advanced Driver Assistance Systems (ADAS) research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Advanced Driver Assistance Systems (ADAS) report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Advanced Driver Assistance Systems (ADAS) competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Advanced Driver Assistance Systems (ADAS) market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), DENSO CORPORATION (Japan), Aptiv PLC (Ireland), Valeo SA (France), Magna International Inc. (Canada), Aisin Seiki Co. Ltd (Japan), Autoliv Inc. (Sweden), GENTEX CORPORATION (U.S.), Harman International (U.S.), Hyundai Mobis (South Korea), NXP Semiconductor (Netherlands), Mobileye (Israel), Panasonic Corporation (Japan), Renesas Electronics Corporation (Japan). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Advanced Driver Assistance Systems (ADAS) Market from 2021 to 2030.
- Market Forecast for Advanced Driver Assistance Systems (ADAS) Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Advanced Driver Assistance Systems (ADAS) competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Advanced Driver Assistance Systems (ADAS)
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Advanced Driver Assistance Systems (ADAS) market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Advanced Driver Assistance Systems (ADAS) market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), DENSO CORPORATION (Japan), Aptiv PLC (Ireland), Valeo SA (France), Magna International Inc. (Canada), Aisin Seiki Co. Ltd (Japan), Autoliv Inc. (Sweden), GENTEX CORPORATION (U.S.), Harman International (U.S.), Hyundai Mobis (South Korea), NXP Semiconductor (Netherlands), Mobileye (Israel), Panasonic Corporation (Japan), Renesas Electronics Corporation (Japan).
Primary Target Market
- Market Players of Advanced Driver Assistance Systems (ADAS)
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Advanced Driver Assistance Systems (ADAS) market based on the below-mentioned segments:
Global Advanced Driver Assistance Systems (ADAS) Market, By Solution Type
Adaptive Cruise Control
Blind Spot Detection System
Park Assistance
Lane Departure Warning System
Tire Pressure Monitoring System
Autonomous Emergency Braking
Adaptive Front Lights
Others
Global Advanced Driver Assistance Systems (ADAS) market, By Component Type
Processor
Sensors
Software
Others
Global Advanced Driver Assistance Systems (ADAS) Market, By Vehicle Type
Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
Global Advanced Driver Assistance Systems (ADAS) market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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