Advanced Driver Assistance Systems Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030
The Global Advanced Driver Assistance Systems (ADAS) Market Size accounted for USD 19.7 Billion in 2021 and is estimated to achieve a market size of USD 90.1 Billion by 2030 growing at a CAGR of 18.7% from 2022 to 2030. The increasing customer preferences for safety and comfort features, as well as the increasing demand for luxury and premium vehicles, are driving the advanced driver assistance systems (ADAS) market value. Furthermore, government initiatives aimed at improving passenger safety and lowering system and component costs are expected to drive the ADAS market growth over the forecasting years.
Advanced Driver Assistance Systems Market Report Key Highlights
- Global advanced driver assistance systems market revenue is expected to increase by USD 90.1 billion by 2030, with a 18.7% CAGR from 2022 to 2030
- North America region led with more than 37% of advanced driver assistance systems market share in 2021
- According to the study, approximately 90% of passenger vehicles in North America were equipped with some type of ADAS in 2021
- Asia-Pacific advanced driver assistance systems market growth will observe strongest CAGR from 2022 to 2030
- According to the research, ADAS technologies can save 20,841 lives per year or almost 62% of all traffic fatalities
- By vehicle type, passenger vehicle segment engaged more than 72% of the total market share in 2021
- Increasing demand for electric and hybrid vehicles, drives the advanced driver assistance systems market size
Advanced driver assistance systems commonly known as ADAS are a group of vehicle technologies that provide drivers with a smart, safe and comfortable driving experience. Such devices are much safer in terms of vehicle safety and traffic safety when programmed with a safe human-computer interface. Most of the injuries are triggered by human error, which lets ADAS adapt, optimize and improve the safety and driving of automobiles.
Global Advanced Driver Assistance Systems Market Trends
Market Drivers
- Increasing adoption of autonomous and connected vehicles
- Stricter government regulations for vehicle safety
- Growing demand for improved driving experiences
- Increasing demand for electric and hybrid vehicles
Market Restraints
- Data privacy concerns
- High costs of technology
Market Opportunities
- Development of more advanced technologies
- Increasing adoption of ADAS technologies in commercial vehicles
Advanced Driver Assistance Systems Market Report Coverage
| Market | Advanced Driver Assistance Systems Market |
| Advanced Driver Assistance Systems Market Size 2021 | USD 19.7 Billion |
| Advanced Driver Assistance Systems Market Forecast 2030 | USD 90.1 Billion |
| Advanced Driver Assistance Systems Market CAGR During 2022 - 2030 | 18.7% |
| Advanced Driver Assistance Systems Market Analysis Period | 2018 - 2030 |
| Advanced Driver Assistance Systems Market Base Year | 2021 |
| Advanced Driver Assistance Systems Market Forecast Data | 2022 - 2030 |
| Segments Covered | By System Type, By Component Type, By Vehicle Type, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | Continental AG, Robert Bosch GmbH, Autoliv, ZF Friedrichshafen, Magna International, Nidec Corporation, Texas Instruments, Infineon Technologies AG, TRW Automotive, and Hitachi Automotive. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Advanced Driver Assistance Systems Market Dynamics
The ADAS market growth will be driven by growing expectations for innovative sensor technologies in cars to avoid car accidents. Annual road deaths have accounted for over 1.35 Mn people (aged 5-29) worldwide, the World Health Organization (WHO) estimates. Increased consumer understanding of automotive safety and security is encouraging the introduction of ADAS into automobiles by manufacturers, propels the ADAS market size. The sector is affected favorably by stricter government regulations on the protection of cars such as the compulsory implementation of protective devices, including parking sensors and automatic emergency braking systems (AEB).
Companies are manufacturing their cars with a wide range of features and technologies to satisfy buyers and boost sales. Technological developments in electronic components, such as wireless communication and cloud networks-enabled sensors and smartphones give a better knowledge of the atmosphere and improve the safety of customers. Dynamic advances in technology, such as the smart parking system, which allows cars to park easily without a manual, night vision systems that are useful in places of little or no illumination, lane start system, and danger braking have improved the revenues of the vehicle industry.
Advanced Driver Assistance Systems Market Segmentation
The global advanced driver assistance systems market segmentation is based on system type, component type, vehicle type, and geography.
Advanced Driver Assistance Systems Market By System Type
- Intelligent Park Assistance
- Road Sign Recognition
- Lane Departure Warning
- Night Vision System
- Tire Pressure Monitoring System
- Adaptive Cruise Control
- Automatic Emergency Braking
- Blind Spot Detection System
- Adaptive Front Light
- Cross Traffic Alert
- Forward Collision Warning
- Driver Monitoring System
- Others
According to an advanced driver assistance systems industry analysis, the intelligent park assist segment is expected to grow significantly in the market over the next few years. Intelligent park assist is a technology that assists drivers in parking in tight or challenging locations. It employs sensors, cameras, as well as other advanced technology to aid the driver in maneuvering the vehicle into a parking area, including parallel & perpendicular parking. The increasing desire for convenient and enjoyable driving experiences, as well as the growing demand for hybrid and electric vehicles, will drive segment expansion in the future years.
Advanced Driver Assistance Systems Market By Component Type
- Processor
- Sensors
- Infrared
- LiDAR
- Image Sensor
- Ultrasonic
- RADAR
- Software
- Others
In terms of component type, the RADAR sensor segment is gaining significant market attention in the coming years. This growth can be attributed to the rising use of radar sensors in ADAS technologies, as well as the growing demand for connected and autonomous automobiles, which demand radar sensors for navigational and accident avoidance. Radar sensors are a critical component of the Advanced Driver Assistance Systems (ADAS) market. Radar sensors detect objects and quantify their range, speed, as well as an angle using radio waves. They are frequently utilized in collision avoidance systems, adaptive cruise control, as well as lane departure warning systems.
Advanced Driver Assistance Systems Market By Vehicle Type
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Passenger Vehicle
According to the advanced driver assistance systems market forecast, ADAS applications in commercial vehicles would grow dramatically in the coming years. Factors driving growth include the increasing usage of connected and autonomous vehicles, stronger vehicle safety rules, and growing demand for better driving experiences. Commercial vehicles, such as buses, trucks, and delivery vehicles, can benefit from ADAS technology such as lane departure warning systems, collision avoidance systems, and adaptive cruise control.
Advanced Driver Assistance Systems Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Asia-Pacific Region Is Expected To Grow At The Fastest Rate In Market Over The Forecasting Year
Geographically, the Asia-Pacific ADAS market is predicted to grow significantly in the coming years. The increased use of connected and autonomous vehicles, tighter vehicle safety laws, and a rising desire for better driving experiences are driving the regional market growth. In Asia-Pacific, there is a growing need for connected and autonomous vehicles, and ADAS systems are a crucial component of these vehicles. As a result, as the market for connected and autonomous vehicles expands in the region, the usage of ADAS technologies is projected to rise. Furthermore, government agencies in Asia-Pacific are enacting stronger automobile safety rules, which are encouraging the deployment of ADAS systems. Many nations in the region have made certain ADAS technologies, such as automated emergency braking and lane departure warning systems, mandatory for new automobiles.
Advanced Driver Assistance Systems Market Players
Some of the top advanced driver assistance systems market companies offered in the professional report includes Continental AG, Robert Bosch GmbH, Autoliv, ZF Friedrichshafen, Magna International, Nidec Corporation, Texas Instruments, Infineon Technologies AG, TRW Automotive, and Hitachi Automotive.
Frequently Asked Questions
What is the size of global advanced driver assistance systems market in 2021?
The estimated value of global advanced driver assistance systems market in 2021 was accounted to be USD 19.7 Billion.
What is the CAGR of global advanced driver assistance systems market during forecast period of 2022 to 2030?
The projected CAGR advanced driver assistance systems market during the analysis period of 2022 to 2030 is 18.7%.
Which are the key players operating in the market?
The prominent players of the global advanced driver assistance systems market are Continental AG, Robert Bosch GmbH, Autoliv, ZF Friedrichshafen, Magna International, Nidec Corporation, Texas Instruments, Infineon Technologies AG, TRW Automotive, and Hitachi Automotive.
Which region held the dominating position in the global advanced driver assistance systems market?
North America held the dominating advanced driver assistance systems market during the analysis period of 2022 to 2030.
Which region registered the fastest growing CAGR for the forecast period of 2022 to 2030?
Asia-Pacific region exhibited fastest growing CAGR for advanced driver assistance systems market during the analysis period of 2022 to 2030.
What are the current trends and dynamics in the global advanced driver assistance systems market?
Increasing adoption of autonomous and connected vehicles and stricter government regulations for vehicle safety drives the growth of global advanced driver assistance systems market.
By vehicle type segment, which sub-segment held the maximum share?
Based on vehicle type, passenger vehicle segment is expected to hold the maximum share of the advanced driver assistance systems market.
Select Licence Type
Connect with our sales team
Why Acumen Research And Consulting
100%
Customer Satisfaction
24x7
Availability - we are always there when you need us
200+
Fortune 50 Companies trust Acumen Research and Consulting
80%
of our reports are exclusive and first in the industry
100%
more data and analysis
1000+
reports published till date
