Advanced Driver Assistance System Market Upcoming Trends, Strategies Development and Forecast 2022 – 2030

Advanced Driver Assistance System Market

According to the most recent analysis by Emergen Research, the global Advanced Driver Assistance System (ADAS) market size was USD 18.77 billion in 2021 and is anticipated to grow at a revenue CAGR of 15.5% during the projected period. One of the main drivers of market revenue development is the expansion of automotive industry in emerging economies together with technological advances. When operating different types of automobiles, ADAS are passive and active safety technologies that are intended to eliminate human mistake. ADAS systems use cutting-edge technology to support drivers while they drive and subsequently enhance driver performance. To sense the world around the vehicle and then either alert the driver or take appropriate action, ADAS uses a variety of sensor technologies.

ADAS systems are now found in cars, trucks, buses, military vehicles, agricultural equipment, and construction machinery. To improve passenger safety, numerous governments throughout the world are enacting strict legislation requiring the installation of ADAS in all vehicles, which is increasing demand for the product. Originally installed in luxury vehicles, these technologies are increasingly being included by manufacturers into lower-priced vehicle segments as well thanks to rising discretionary income. Additionally, a number of automakers are investing in these technologies to set themselves apart and add a premium touch to their line of vehicles. However, a significant barrier to the market’s growth is the lack of end-user awareness and expertise of these systems in underdeveloped nations.

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Some Key Highlights From the Report

In 2021, the category selling adaptive cruise control (ACC) had the biggest revenue share. The automated acceleration and braking of a car is managed by the active safety system known as ACC. It is turned on and off using buttons on the steering wheel, the driver’s braking, and maybe another button. The device works by keeping an eye on passing cars and other roadside obstructions. Additionally, ACC promotes a secure and comfortable driving environment by helping the driver maintain a steady vehicle speed at all times. Additionally, the driver can change additional variables like the distance from the vehicle in front of them and driving mode.

In 2021, the Light Detection and Ranging (LiDAR) segment’s revenue share was the highest. With the use of laser beams, LiDAR technology measures and generates a three-dimensional (3D) model of the environment under study. Autonomous vehicles may view their surroundings using LiDAR sensors, which measure millions of data points in real-time and produce an accurate map of the environment for secure navigation. Furthermore, a vehicle’s system can recognise and avoid obstacles up to 300 metres away with accuracy thanks to technology’s exact measurement, regardless of the weather or sunlight.

In 2021, the Asia Pacific market had the greatest revenue share because of the region’s expanding demand for passenger cars. Additionally, it is anticipated that better infrastructure, including high-speed internet access, well-maintained roads, lane markings, and GPS availability, will spur the use of ADAS during the projected period.

Infineon Technologies AG, Renesas Electronics Corporation, Magna International Inc., ZF Friedrichshafen AG, Gentex Corporation, Harman International, Mobileye, Valeo, Aisin Corporation, and Robert Bosch GmbH are a few of the significant firms mentioned in the global market study.

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
  • Regional Outlook (Revenue, USD Billion; 2019-2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of Middle East & Africa

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/advanced-driver-assistance-system-market

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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