The Global ADAS Market was worth US$ 21 billion in 2019 and is expected to grow at a CAGR of 9% through 2030.
Increased number of road accidents, rising emphasis on improving occupant safety, and increased investment in electric autonomous vehicle are the key factors fueling the growth of the global advanced driver assistance system market. Advanced driver assistance systems have contributed significantly towards improving the passenger and occupant safety by integrating advanced features into automobiles. The automotive OEMs are focusing on equipping economy and mid-range vehicle with basic safety features to gain competitive advantage in the market.
This has fueled the demand for semi-autonomous vehicles across the emerging economies. However, the automotive manufacturing is among the most severely impacted industry due to the spread of COVID-19. The lowered demand is anticipated to witness further slack during 2020 and is anticipated to witness steady growth by 2021.
The automotive OEMs and advanced driver assistance system vendors across the globe such as Continental AG and Robert Bosch GmbH have suspended the production to ensure employee safety. This is anticipated to hamper the growth of the global advanced driver systems in coming years. However, the market is anticipated to regain its strength during the next couple of years and is anticipated to witness healthy growth during the forecast period.
Europe contributed the largest share to the global advanced driver assistance system market in 2019 owing to the presence of leading advanced driver assistance system vendors and automotive OEMs across major countries. Asia Pacific is anticipated to be the fastest growing region during the forecast period owing to increased investment in and expansion of automotive electronic manufacturing across the major countries such as China, Japan, South Korea, and India.
Strong presence of leading automotive OEMs and automotive electronic system manufacturers across the emerging countries is anticipated to contribute towards the growth of the global advanced driver assistance system market during the forecast period.
Advanced Driver Assistance System (ADAS) Market Share Analysis, by Geography (2022)
The report titled “Advanced Driver Assistance System (ADAS) Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” offers market estimates for a period 2019 to 2032, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global advanced driver assistance system market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global advanced driver assistance system market is segmented based on component, system, vehicle type, propulsion type, level of autonomy, and geography. Based on component, the global advanced driver assistance system market is segmented into hardware, software, and services. The hardware is further sub-segmented into electronic control unit (ECU), camera unit, LiDAR, radar sensor, ultrasonic sensor, infrared sensor, and others. Based on system, the global advanced driver assistance system market is segmented into adaptive cruise control (ACC), adaptive front light (AFL), automatic emergency braking (AEB), blind spot detection (BSD), cross traffic alert (CTA), driver monitoring system (DMS), forward collision warning (FCW), intelligent park assist (IPA), lane departure warning (LDW), night vision system (NVS), pedestrian detection system (PDS), road sign recognition (RSR), tire pressure monitoring system (TPMS), traffic jam assist (TJA), and others. Based on vehicle type, the global advanced driver assistance system market is segmented into passenger vehicle, light commercial vehicle, heavy commercial vehicle, and others. Based on propulsion type, the global advanced driver assistance system market is segmented into internal combustion (IC) engine vehicle and electric vehicle. The electric vehicle segment is further sub-segmented into battery electric vehicles (BEV), hybrid electric vehicles (HEV), plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV). Based on level of autonomy, the global advanced driver assistance system market is segmented into level-1, level-2, level-3, level-4, and level-5. Based on geography, the global advanced driver assistance system market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on advanced driver assistance system. Further, market share of prominent companies in the global advanced driver assistance system market would also be estimated. the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the advanced driver assistance system companies.
The global advanced driver assistance system market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the advanced driver assistance system business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global advanced driver assistance system market.
Major players active in the global advanced driver assistance system market include Aptiv, Continental AG, Cypress Semiconductor Corporation, DENSO Corporation, HYUNDAI MOBIS, Infineon Technologies AG, Intel Corporation, Magna International Inc., Microsemi Corporation, Nvidia Corporation, Robert Bosch GmbH, SAMSUNG, Valeo, Texas Instruments Incorporated, Veoneer, Xilinx, Inc., and ZF Friedrichshafen AG.
Segmentation:
By Component
By System
By Vehicle Type
By Propulsion Type
By Level Of Autonomy
The global advanced driver assistance system market is estimated to exhibit a CAGR of 9% through 2030.
Increased number of road accidents, rising emphasis on improving occupant safety, and increased investment in electric autonomous vehicle are the key factors fueling the growth of the global advanced driver assistance system market.
Europe contributed the largest share to the global advanced driver assistance system market in 2019 owing to the presence of leading advanced driver assistance system vendors and automotive OEMs across major countries.
Based on vehicle type, the advanced driver assistance system market is segmented into passenger vehicle, light commercial vehicle, heavy commercial vehicle, and others.
Continental AG, DENSO Corporation, HYUNDAI MOBIS, Robert Bosch GmbH and Texas Instruments Incorporated are the top 5 xxx manufacturers.
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