Advanced Driver Assistance System Market Statistics, Business Opportunities, Competitive Landscape and Industry Analysis Report by 2030

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The global Advanced Driver Assistance System (ADAS) market size was USD 18.77 Billion in 2021 and is expected to register a revenue CAGR of 15.5% during the forecast period, according to latest analysis by Emergen Research. Increasing number of automotive industries in emerging economies accompanied by technological advancements is a major factor driving market revenue growth.

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

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Some Key Highlights from the Report

  • The Asia Pacific market accounted for largest revenue share in 2021 due to rising demand for passenger cars in this region.  Furthermore, improved infrastructure such as high-speed internet connectivity, organized roads, lane markings, and Global Positioning System (GPS) availability, are expected to drive ADAS adoption over the forecast period.
  • On February 9, 2022. Opsys-Tech, an Israeli manufacturer of LiDAR solutions for autonomous vehicle applications, announced a deal to supply LiDAR systems to global automotive parts supplier HASCO Hasenclever GmbH + Co KG based in Lüdenscheid, Germany, for inclusion in vehicle production as early as 2024 or 2025. Furthermore, this deal also enables Opsys to enter the Asian automotive LiDAR systems market segment.

Some major companies in the global market report include Infineon Technologies AG, Renesas Electronics Corporation, Magna International Inc., ZF Friedrichshafen AG, Gentex Corporation, Harman International, Mobileye, Valeo, Aisin Corporation, and Robert Bosch GmbH.

The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Advanced Driver Assistance System industry.

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The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Advanced Driver Assistance System space

Segmentation:

Emergen Research has segmented the global Advanced Driver Assistance System (ADAS) market based on offering, component, system, vehicle type, and region:

  • Offering Outlook (Revenue, USD Billion; 2019-2030)
    • Hardware
    • Software
  • Component Outlook (Revenue, USD Billion; 2019-2030)
    • LiDAR
    • Camera Unit
    • Ultrasonic Sensor
    • Radar Sensor
    • Infrared Sensor
  • System Outlook (Revenue, USD Billion; 2019-2030)
    • Adaptive Front Light (AFL)
    • ACC
    • Blind Spot Detection (BSD)
    • Forward Collision Warning (FCW)
    • Automatic Emergency Braking (AEB)
    • Driver Monitoring System (DMS)
    • Cross Traffic Alert (CTA)
    • Lane Departure Warning (LDW)
    • Pedestrian Detection System (PDS)
    • Tire Pressure Monitoring System (TPMS)
    • Road Sign Recognition (RSR)
    • Intelligent Park Assist (IPA)
    • Night Vision System (NVS)
    • Traffic Jam Assist (TJA)
  • Vehicle Type Outlook (Revenue, USD Billion; 2019-2030)
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
    • Passenger Car

Global Advanced Driver Assistance System Market Geographical Landscape – Synopsis:

The report closely studies the growth trajectory of the global Advanced Driver Assistance System Market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Overview of the Advanced Driver Assistance System Market Report:

  • Introduction, Product Scope, Market Overview, and Opportunities
  • Analysis of the Manufacturers with sales, revenue, and price analysis
  • Comprehensive analysis of the competitive landscape
  • Extensive profiling of the key competitors along with their business strategies and market size
  • Regional analysis of the market along with sales, revenue, market share, and global position
  • Country-wise analysis of the market along with types, applications, and manufacturing
  • Strategic recommendations to established players as well as new entrants

The study elaborates on the crucial information pertaining to the regional Advanced Driver Assistance System share. It simultaneously focuses on the significant details about the growth patterns of each regional market.

Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.

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