
ADAS Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Growth Factors of ADAS Market
The global Advanced Driver Assistance Systems (ADAS) market is experiencing a significant transformation, driven by technological advancements, regulatory mandates, and a growing emphasis on vehicle safety. According to a report by Fortune Business Insights, the ADAS market was valued at USD 37.31 billion in 2021 and is projected to reach USD 124.31 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period .
Understanding ADAS
ADAS encompasses a range of technologies designed to enhance vehicle safety and driving experience. These systems utilize sensors, cameras, radar, and artificial intelligence to assist drivers in various tasks, such as collision avoidance, lane keeping, and adaptive cruise control. By providing real-time data and alerts, ADAS aims to reduce human errors and prevent accidents, thereby improving road safety.
Market Dynamics
Several factors are contributing to the robust growth of the ADAS market:
1. Technological Advancements: Continuous innovations in sensor technologies, machine learning algorithms, and vehicle-to-everything (V2X) communication are enhancing the capabilities of ADAS. These advancements enable more accurate detection of obstacles, pedestrians, and other vehicles, facilitating safer driving environments.
2. Regulatory Mandates: Governments worldwide are implementing stringent safety regulations that require the integration of ADAS features in vehicles. For instance, the European Union has mandated that all new vehicles must be equipped with certain ADAS features, such as autonomous emergency braking and lane-keeping assist, by 2022. These regulations are accelerating the adoption of ADAS technologies.
3. Consumer Demand for Safety: Increasing consumer awareness about road safety and a growing preference for vehicles equipped with advanced safety features are driving the demand for ADAS. Consumers are increasingly prioritizing safety when purchasing vehicles, prompting automakers to incorporate ADAS into their offerings.
4. Urbanization and Traffic Congestion: The rise in urban populations and subsequent traffic congestion are leading to higher accident rates. ADAS technologies, such as adaptive cruise control and automated parking assist, are becoming essential in navigating dense traffic conditions, thereby reducing the likelihood of accidents.
Regional Insights
The Asia Pacific region dominated the global ADAS market with a share of 43.82% in 2021 . Countries like China, Japan, and South Korea are at the forefront of ADAS adoption, owing to their strong automotive manufacturing base and supportive government policies. North America and Europe are also significant contributors to the market, driven by the presence of major automotive manufacturers and stringent safety regulations.
Key Market Players
The ADAS market is characterized by the presence of several key players, including:
Robert Bosch GmbH: A leading supplier of automotive components, Bosch offers a wide range of ADAS solutions, including radar sensors and camera systems.
Continental AG: Continental provides advanced driver assistance technologies, such as adaptive cruise control and lane-keeping assist systems.
Denso Corporation: Denso specializes in the development of sensors and electronic control units for ADAS applications.
Aptiv PLC: Aptiv focuses on providing intelligent solutions for connected and automated vehicles, including ADAS technologies.
Mobileye (Intel Corporation): Mobileye is renowned for its vision-based ADAS systems, offering features like forward collision warning and pedestrian detection.
Future Outlook
The ADAS market is poised for substantial growth in the coming years. Factors such as advancements in artificial intelligence, the development of 5G connectivity, and the progression towards autonomous vehicles are expected to further propel the adoption of ADAS technologies. Additionally, the integration of ADAS with electric vehicles (EVs) is anticipated to create new opportunities, as EVs inherently support the implementation of advanced technologies.
In conclusion, the ADAS market is on a trajectory of rapid expansion, driven by technological innovations, regulatory support, and consumer demand for enhanced vehicle safety. As the automotive industry continues to evolve towards smarter and safer mobility solutions, ADAS will play a pivotal role in shaping the future of transportation.
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD billion) & Volume (Thousand units)
Segmentation By System Type
Adaptive Cruise Control
Park Assist
Lane Departure Warning System
Autonomous Emergency Braking
Forward Collision Warning
E-Call System
Others
By Component Type
LiDAR
Radar
Camera
Sensor
By Vehicle Type
Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
By Geography
North America (By System Type, By Component Type, By Vehicle Type)
U.S. (By Vehicle Type)
Canada (By Vehicle Type)
Mexico (By Vehicle Type)
Europe (By System Type, By Component Type, By Vehicle Type)
U.K. (By Vehicle Type)
Germany (By Vehicle Type)
France (By Vehicle Type)
Rest of Europe (By Vehicle Type)
Asia Pacific (By System Type, By Component Type, By Vehicle Type)
China (By Vehicle Type)
India (By Vehicle Type)
Japan (By Vehicle Type)
South Korea (By Vehicle Type)
Rest of Asia Pacific (By Vehicle Type)
Rest of the World (By System Type, By Component Type, By Vehicle Type)
Please Note:
It will take 5-6 business days to complete the report upon order confirmation.
The global Advanced Driver Assistance Systems (ADAS) market is experiencing a significant transformation, driven by technological advancements, regulatory mandates, and a growing emphasis on vehicle safety. According to a report by Fortune Business Insights, the ADAS market was valued at USD 37.31 billion in 2021 and is projected to reach USD 124.31 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period .
Understanding ADAS
ADAS encompasses a range of technologies designed to enhance vehicle safety and driving experience. These systems utilize sensors, cameras, radar, and artificial intelligence to assist drivers in various tasks, such as collision avoidance, lane keeping, and adaptive cruise control. By providing real-time data and alerts, ADAS aims to reduce human errors and prevent accidents, thereby improving road safety.
Market Dynamics
Several factors are contributing to the robust growth of the ADAS market:
1. Technological Advancements: Continuous innovations in sensor technologies, machine learning algorithms, and vehicle-to-everything (V2X) communication are enhancing the capabilities of ADAS. These advancements enable more accurate detection of obstacles, pedestrians, and other vehicles, facilitating safer driving environments.
2. Regulatory Mandates: Governments worldwide are implementing stringent safety regulations that require the integration of ADAS features in vehicles. For instance, the European Union has mandated that all new vehicles must be equipped with certain ADAS features, such as autonomous emergency braking and lane-keeping assist, by 2022. These regulations are accelerating the adoption of ADAS technologies.
3. Consumer Demand for Safety: Increasing consumer awareness about road safety and a growing preference for vehicles equipped with advanced safety features are driving the demand for ADAS. Consumers are increasingly prioritizing safety when purchasing vehicles, prompting automakers to incorporate ADAS into their offerings.
4. Urbanization and Traffic Congestion: The rise in urban populations and subsequent traffic congestion are leading to higher accident rates. ADAS technologies, such as adaptive cruise control and automated parking assist, are becoming essential in navigating dense traffic conditions, thereby reducing the likelihood of accidents.
Regional Insights
The Asia Pacific region dominated the global ADAS market with a share of 43.82% in 2021 . Countries like China, Japan, and South Korea are at the forefront of ADAS adoption, owing to their strong automotive manufacturing base and supportive government policies. North America and Europe are also significant contributors to the market, driven by the presence of major automotive manufacturers and stringent safety regulations.
Key Market Players
The ADAS market is characterized by the presence of several key players, including:
Robert Bosch GmbH: A leading supplier of automotive components, Bosch offers a wide range of ADAS solutions, including radar sensors and camera systems.
Continental AG: Continental provides advanced driver assistance technologies, such as adaptive cruise control and lane-keeping assist systems.
Denso Corporation: Denso specializes in the development of sensors and electronic control units for ADAS applications.
Aptiv PLC: Aptiv focuses on providing intelligent solutions for connected and automated vehicles, including ADAS technologies.
Mobileye (Intel Corporation): Mobileye is renowned for its vision-based ADAS systems, offering features like forward collision warning and pedestrian detection.
Future Outlook
The ADAS market is poised for substantial growth in the coming years. Factors such as advancements in artificial intelligence, the development of 5G connectivity, and the progression towards autonomous vehicles are expected to further propel the adoption of ADAS technologies. Additionally, the integration of ADAS with electric vehicles (EVs) is anticipated to create new opportunities, as EVs inherently support the implementation of advanced technologies.
In conclusion, the ADAS market is on a trajectory of rapid expansion, driven by technological innovations, regulatory support, and consumer demand for enhanced vehicle safety. As the automotive industry continues to evolve towards smarter and safer mobility solutions, ADAS will play a pivotal role in shaping the future of transportation.
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD billion) & Volume (Thousand units)
Segmentation By System Type
Adaptive Cruise Control
Park Assist
Lane Departure Warning System
Autonomous Emergency Braking
Forward Collision Warning
E-Call System
Others
By Component Type
LiDAR
Radar
Camera
Sensor
By Vehicle Type
Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
By Geography
North America (By System Type, By Component Type, By Vehicle Type)
U.S. (By Vehicle Type)
Canada (By Vehicle Type)
Mexico (By Vehicle Type)
Europe (By System Type, By Component Type, By Vehicle Type)
U.K. (By Vehicle Type)
Germany (By Vehicle Type)
France (By Vehicle Type)
Rest of Europe (By Vehicle Type)
Asia Pacific (By System Type, By Component Type, By Vehicle Type)
China (By Vehicle Type)
India (By Vehicle Type)
Japan (By Vehicle Type)
South Korea (By Vehicle Type)
Rest of Asia Pacific (By Vehicle Type)
Rest of the World (By System Type, By Component Type, By Vehicle Type)
Please Note:
It will take 5-6 business days to complete the report upon order confirmation.
Table of Contents
200 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Mergers, Acquisitions and Partnerships
- 4.2. Porter’s Five Forces Analysis
- 4.3. PEST Analysis
- 4.4. Technological Developments
- 4.5. Impact of COVID-19
- 5. Global ADVANCED DRIVER ASSISTANCE SYSTEM Market Analysis, Insights And Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By System Type
- 5.2.1. Adaptive Cruise Control
- 5.2.2. Park Assist
- 5.2.3. Lane Departure Warning System
- 5.2.4. Autonomous Emergency Braking
- 5.2.5. Forward Collision Warning
- 5.2.6. E-Call System
- 5.2.7. Others
- 5.3. Market Analysis, Insights and Forecast – By Component Type
- 5.3.1. LiDAR
- 5.3.2. Radar
- 5.3.3. Camera
- 5.3.4. Sensor
- 5.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.4.1. Passenger Cars
- 5.4.2. Light Commercial Vehicles
- 5.4.3. Heavy Commercial Vehicles
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of the World
- 6. North America ADVANCED DRIVER ASSISTANCE SYSTEM Market Analysis, Insights And Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By System Type
- 6.2.1. Adaptive Cruise Control
- 6.2.2. Park Assist
- 6.2.3. Lane Departure Warning System
- 6.2.4. Autonomous Emergency Braking
- 6.2.5. Forward Collision Warning
- 6.2.6. E-Call System
- 6.2.7. Others
- 6.3. Market Analysis – By Component Type
- 6.3.1. LiDAR
- 6.3.2. Radar
- 6.3.3. Camera
- 6.3.4. Sensor
- 6.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.4.1. Passenger Cars
- 6.4.2. Light Commercial Vehicles
- 6.4.3. Heavy Commercial Vehicles
- 6.5. Market Analysis – By Country
- 6.5.1. U.S.
- 6.5.1.1. By Vehicle Type
- 6.5.2. Canada
- 6.5.2.1. By Vehicle Type
- 6.5.3. Mexico
- 6.5.3.1. By Vehicle Type
- 7. Europe ADVANCED DRIVER ASSISTANCE SYSTEM Market Analysis, Insights And Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By System Type
- 7.2.1. Adaptive Cruise Control
- 7.2.2. Park Assist
- 7.2.3. Lane Departure Warning System
- 7.2.4. Autonomous Emergency Braking
- 7.2.5. Forward Collision Warning
- 7.2.6. E-Call System
- 7.2.7. Others
- 7.3. Market Analysis – By Component Type
- 7.3.1. LiDAR
- 7.3.2. Radar
- 7.3.3. Camera
- 7.3.4. Sensor
- 7.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.4.1. Passenger Cars
- 7.4.2. Light Commercial Vehicles
- 7.4.3. Heavy Commercial Vehicles
- 7.5. Market Analysis – By Country
- 7.5.1. U.K.
- 7.5.1.1. By Vehicle Type
- 7.5.2. Germany
- 7.5.2.1. By Vehicle Type
- 7.5.3. France
- 7.5.3.1. By Vehicle Type
- 7.5.4. Rest of Europe
- 7.5.4.1. By Vehicle Type
- 8. Asia Pacific ADVANCED DRIVER ASSISTANCE SYSTEM Market Analysis, Insights And Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By System Type
- 8.2.1. Adaptive Cruise Control
- 8.2.2. Park Assist
- 8.2.3. Lane Departure Warning System
- 8.2.4. Autonomous Emergency Braking
- 8.2.5. Forward Collision Warning
- 8.2.6. E-Call System
- 8.2.7. Others
- 8.3. Market Analysis – By Component Type
- 8.3.1. LiDAR
- 8.3.2. Radar
- 8.3.3. Camera
- 8.3.4. Sensor
- 8.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.4.1. Passenger Cars
- 8.4.2. Light Commercial Vehicles
- 8.4.3. Heavy Commercial Vehicles
- 8.5. Market Analysis – By Country
- 8.5.1. China
- 9. 8.5.2.1. By Vehicle Type
- 9.1.
- 9.1.1. Japan
- 9.1.1.1. By Vehicle Type
- 9.1.2. India
- 9.1.2.1. By Vehicle Type
- 9.1.3. South Korea
- 9.1.3.1. By Vehicle Type
- 9.1.4. Rest of Asia Pacific
- 9.1.4.1. By Vehicle Type
- 10. Rest Of The World ADVANCED DRIVER ASSISTANCE SYSTEM Market Analysis, Insights And Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. Market Analysis – By System Type
- 10.2.1. Adaptive Cruise Control
- 10.2.2. Park Assist
- 10.2.3. Lane Departure Warning System
- 10.2.4. Autonomous Emergency Braking
- 10.2.5. Forward Collision Warning
- 10.2.6. E-Call System
- 10.2.7. Others
- 10.3. Market Analysis – By Component Type
- 10.3.1. LiDAR
- 10.3.2. Radar
- 10.3.3. Camera
- 10.3.4. Sensor
- 10.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 10.4.1. Passenger Cars
- 10.4.2. Light Commercial Vehicles
- 10.4.3. Heavy Commercial Vehicles
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Ranking Analysis (2021)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.5.1. Robert Bosch GmbH (Gerlingen, Germany)
- 11.5.1.1. Overview,
- 11.5.1.2. Products & services,
- 11.5.1.3. SWOT analysis,
- 11.5.1.4. Recent developments,
- 11.5.1.5. strategies,
- 11.5.1.6. financials (based on availability)
- 11.5.2. Continental AG (Hanover, Germany)
- 11.5.2.1. Overview,
- 11.5.2.2. Products & services,
- 11.5.2.3. SWOT analysis,
- 11.5.2.4. Recent developments,
- 11.5.2.5. strategies,
- 11.5.2.6. financials (based on availability)
- 11.5.3. ZF Friedrichshafen AG (Friedrichshafen, Germany)
- 11.5.3.1. Overview,
- 11.5.3.2. Products & services,
- 11.5.3.3. SWOT analysis,
- 11.5.3.4. Recent developments,
- 11.5.3.5. strategies,
- 11.5.3.6. financials (based on availability)
- 11.5.4. Denso Corporation (Aichi, Japan)
- 11.5.4.1. Overview,
- 11.5.4.2. Products & services,
- 11.5.4.3. SWOT analysis,
- 11.5.4.4. Recent developments,
- 11.5.4.5. strategies,
- 11.5.4.6. financials (based on availability)
- 11.5.5. Aptiv PLC (Dublin, Ireland)
- 11.5.5.1. Overview,
- 11.5.5.2. Products & services,
- 11.5.5.3. SWOT analysis,
- 11.5.5.4. Recent developments,
- 11.5.5.5. strategies,
- 11.5.5.6. financials (based on availability)
- 11.5.6. Valeo SA (Paris, France)
- 11.5.6.1. Overview,
- 11.5.6.2. Products & services,
- 11.5.6.3. SWOT analysis,
- 11.5.6.4. Recent developments,
- 11.5.6.5. strategies,
- 11.5.6.6. financials (based on availability)
- 11.5.7. Magna International Inc. (Aurora, Canada)
- 11.5.7.1. Overview,
- 11.5.7.2. Products & services,
- 11.5.7.3. SWOT analysis,
- 11.5.7.4. Recent developments,
- 11.5.7.5. strategies,
- 11.5.7.6. financials (based on availability)
- 11.5.8. Aisin Seiki Co. Ltd. (Aichi, Japan)
- 11.5.8.1. Overview,
- 11.5.8.2. Products & services,
- 11.5.8.3. SWOT analysis,
- 11.5.8.4. Recent developments,
- 11.5.8.5. strategies,
- 11.5.8.6. financials (based on availability)
- 11.5.9. Autoliv Inc. (Stockholm, Sweden)
- 11.5.9.1. Overview,
- 11.5.9.2. Products & services,
- 11.5.9.3. SWOT analysis,
- 11.5.9.4. Recent developments,
- 11.5.9.5. strategies,
- 11.5.9.6. financials (based on availability)
- 11.5.10. Gentex Corporation (Michigan, U.S.)
- 11.5.10.1. Overview,
- 11.5.10.2. Products & services,
- 11.5.10.3. SWOT analysis,
- 11.5.10.4. Recent developments,
- 11.5.10.5. strategies,
- 11.5.10.6. financials (based on availability)
- 11.5.11. Harman International (Connecticut, U.S.)
- 11.5.11.1. Overview,
- 11.5.11.2. Products & services,
- 11.5.11.3. SWOT analysis,
- 11.5.11.4. Recent developments,
- 11.5.11.5. strategies,
- 11.5.11.6. financials (based on availability)
- 11.5.12. Hyundai Mobis (Seoul, South Korea)
- 11.5.12.1. Overview,
- 11.5.12.2. Products & services,
- 11.5.12.3. SWOT analysis,
- 11.5.12.4. Recent developments,
- 11.5.12.5. strategies,
- 11.5.12.6. financials (based on availability)
- 11.5.13. NXP Semiconductors (Eindhoven, Netherlands)
- 11.5.13.1. Overview,
- 11.5.13.2. Products & services,
- 11.5.13.3. SWOT analysis,
- 11.5.13.4. Recent developments,
- 11.5.13.5. strategies,
- 11.5.13.6. financials (based on availability)
- 11.5.14. Mobileye (Jerusalem, Israel)
- 11.5.14.1. Overview,
- 11.5.14.2. Products & services,
- 11.5.14.3. SWOT analysis,
- 11.5.14.4. Recent developments,
- 11.5.14.5. strategies,
- 11.5.14.6. financials (based on availability)
- 11.5.15. Panasonic Corporation (Osaka, Japan)
- 11.5.15.1. Overview,
- 11.5.15.2. Products & services,
- 11.5.15.3. SWOT analysis,
- 11.5.15.4. Recent developments,
- 11.5.15.5. strategies,
- 11.5.15.6. financials (based on availability)
- 11.5.16. Renesas Electronics Corporation (Tokyo, Japan)
- 11.5.16.1. Overview,
- 11.5.16.2. Products & services,
- 11.5.16.3. SWOT analysis,
- 11.5.16.4. Recent developments,
- 11.5.16.5. strategies,
- 11.5.16.6. financials (based on availability)
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