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Global Advanced Driver-Assistance Systems (ADAS) Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Automotive | Upcoming Report | Nov 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Advanced Driver-Assistance Systems (ADAS) Market Segmentation, By System (Adaptive Cruise Control, Adaptive Front Light, Automatic Emergency Braking, Blind Spot Detection, Cross Traffic Alert, Driver Monitoring System, Forward Collision Warning, Intelligent Park Assist, Lane Departure Warning, Night Vision System, Pedestrian Detection System, Road Sign Recognition, Tire Pressure Monitoring System, Traffic Jam Assist), Component (Camera Unit, Lidar Sensor, Radar Sensor, Ultrasonic Sensor), Offering (Hardware, Software), Vehicle Type (Buses, Light Commercial Vehicles, Passenger Cars, Trucks), Electric Vehicle Type (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), Propulsion (Electric, Petrol, Diesel) – Industry Trends and Forecast to 2032


Advanced Driver-Assistance Systems (ADAS) Market Analysis

Human error causes nearly all vehicle accidents, which can be avoided with advanced driver assistance systems (ADAS). The role of ADAS is to reduce the number of car accidents and the severity of those that cannot be avoided in order to prevent deaths and injuries. These potentially life-saving systems are critical to the success of ADAS applications. They support real-time multimedia, vision processing, and sensor fusion subsystems by incorporating the most recent interface standards and running multiple vision-based algorithms.

Advanced Driver-Assistance Systems (ADAS) Market Size

Global advanced driver-assistance systems (ADAS) market size was valued at USD 42.78 billion in 2024 and is projected to reach USD 205.72 billion by 2032, with a CAGR of 21.69% during the forecast period of 2025 to 2032.

Report Scope and Market Segmentation       

Attributes

Advanced Driver-Assistance Systems (ADAS) Key Market Insights

Segmentation

  • By System: Adaptive Cruise Control, Adaptive Front Light, Automatic Emergency Braking, Blind Spot Detection, Cross Traffic Alert, Driver Monitoring System, Forward Collision Warning, Intelligent Park Assist, Lane Departure Warning, Night Vision System, Pedestrian Detection System, Road Sign Recognition, Tire Pressure Monitoring System, Traffic Jam Assist
  • By Component: Camera Unit, Lidar Sensor, Radar Sensor, Ultrasonic Sensor
  • By Offering: Hardware, Software
  • By Vehicle Type: Buses, Light Commercial Vehicles, Passenger Cars, Trucks
  • By Electric Vehicle Type: Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle
  • By Propulsion: Electric, Petrol, Diesel

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Key Market Players

Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv (U.S.), Lear Corporation (U.S.), DENSO CORPORATION (Japan), Texas Instruments Incorporated (U.S.), Renesas Electronics Corporation (Japan), HELLA GmbH & Co. KG. (Germany), Visteon Corporation (U.S.), ST Microelectronics (Switzerland), Infineon Technologies AG (Germany), Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan), ROHM Co. LTD. (Japan), MAXIM Integrated (U.S.)

Market Opportunities

  • The rise of self-driving cars and the high demand for electric vehicles EV
  • The increased production of vehicles equipped with higher safety standards.

Advanced Driver-Assistance Systems (ADAS) Market Definition

ADAS (Advanced Driver Assistance Systems) are passive and active safety systems designed to eliminate human error when operating various types of vehicles. ADAS systems employ advanced technologies to assist drivers while driving and thus improve driver performance. ADAS employs a variety of sensor technologies to perceive the environment around the vehicle and then either provide information to the driver or take action as needed. Today, ADAS systems are used in automobiles, trucks, and buses, as well as farming, construction, and military vehicles.

Advanced Driver-Assistance Systems (ADAS) Market Dynamics

Drivers

  • Increased production of technologically advanced vehicles

The increased production of vehicles equipped with higher safety standards around the world is expected to propel the advanced driver assistance market. The increased use of artificial intelligence and the internet of things (IoT) in vehicles is also prompting automakers to develop advanced driver assistance systems. The implementation of stringent rules and regulations governing vehicle safety standards is expected to boost the global market for advanced driver assistance systems. Growing mergers and acquisitions between vehicle manufacturers around the world for the development of autonomous driving are expected to fuel the global market for advanced driver assistance systems.

  • Stringent governments regulations

Governments in developed countries are mandating the implementation of various technologies in vehicles to improve consumer safety and security. The increase in disposable income and purchasing power of consumers is also expected to boost the sale of premium vehicles, which is expected to drive the global market for advanced driver assistance systems. The increased electrification of vehicles is expected to fuel the global advanced driving assistance market.

Restraints

  • Lack of infrastructure development will challenge the growth

The advanced driver assistance market is likely to face challenges due to a lack of infrastructure development in developing countries. Vehicles equipped with advanced driver assistance systems are prohibitively expensive, which is expected to stymie the market.

  • Delays due to pandemic

The pandemic's rapid spread forced the closure of design and manufacturing facilities, causing delays in vehicle production. Furthermore, disruptions in transportation channels and supply chains resulted in a shortage of raw materials required for vehicle manufacturing and technology integration in vehicles.

This advanced driver-assistance systems (ADAS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the advanced driver-assistance systems (ADAS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Advanced Driver-Assistance Systems (ADAS) Market Scope

The advanced driver-assistance systems (ADAS) market is segmented on the basis of system, component, offering, vehicle type, electric vehicle type and propulsion. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

System

Component

  • Camera Unit
  • Lidar Sensor
  • Radar Sensor
  • Ultrasonic Sensor

Offering

  • Hardware
  • Software

Vehicle type

  • Buses
  • Light Commercial Vehicles
  • Passenger Cars
  • Trucks

Electric Vehicle Type

  • Battery Electric Vehicle
  • Fuel Cell Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-In Hybrid Electric Vehicle

Propulsion

Advanced Driver-Assistance Systems (ADAS) Market Regional Analysis

The advanced driver-assistance systems (ADAS) market is analyzed and market size insights and trends are provided by country of system, component, offering, vehicle type, electric vehicle type and propulsion as referenced above.

The countries covered in the advanced driver-assistance systems (ADAS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the advanced driver-assistance systems (ADAS) market and will maintain its dominance during the forecast period due to increased investment in R&D.

During the forecast period, the Asia-Pacific region is expected to experience unprecedented growth and will have the highest compound annual growth (CAGR). This is due to increased investment in the automation industry.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Advanced Driver-Assistance Systems (ADAS) Market Share

The advanced driver-assistance systems (ADAS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to advanced driver-assistance systems (ADAS) market.

Advanced Driver-Assistance Systems (ADAS) Market Leaders Operating in the Market Are:

  • Robert Bosch GmbH (Germany)
  • Continental AG (Germany)
  • Aptiv (U.S.)
  • Lear Corporation (U.S.)
  • DENSO CORPORATION (Japan)
  • Texas Instruments Incorporated (U.S.)
  • Renesas Electronics Corporation (Japan)
  • HELLA GmbH & Co. KG. (Germany)
  • Visteon Corporation (U.S.)
  • ST Microelectronics (Switzerland)
  • Infineon Technologies AG (Germany)
  • Mitsubishi Electric Corporation (Japan)
  • Panasonic Corporation (Japan)
  • ROHM Co. LTD. (Japan).
  • MAXIM Integrated (U.S.)

Latest Developments in Advanced Driver-Assistance Systems (ADAS) Market

  • In July 2021 Magna International Inc. will acquire Veoneer, a leader in automotive safety technology to strengthen and broaden its ADAS portfolio and industry position
  • In April 2021 Denso Corporation developed advanced driver assistance products for the new Lexus LS and Toyota Mirai
  • In January 2020  ZF co ASSIST, a Level 2 + automated driving system, was released as the company's first foray into the Level 2 + modular hardware and software suite, highlighting ZF's capabilities as a complete system supplier. ZF will equip production vehicles for a major Asian manufacturer with this new ZF system beginning in 2020
  • In February 2020, Veoneer was chosen to provide active safety services based on next-generation vision and radar systems. Veoneers versatile system was designed to achieve Euro NCAP 5-star safety ratings and includes a variety of driver assistance features such as highway assistance, adaptive cruise control stop and go, traffic sign recognition, lane centering control, automatic emergency braking, and automated high beam control
  • In July 2020 Arbor unveiled an Advanced Driver Assistance System (ADAS) and fleet management Rockchip PX30-based telematics device with an 8-inch touchscreen, with the primary goal of improving bus safety
  • In July 2020 LeddarTech, a Canadian ADAS (advanced driver assistance systems) company, announced that it is acquiring VayaVision, an Israeli company that creates an autonomous vehicle vision sensor-based platform


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