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.
This Advanced Driver Assistance System (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 localised 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 Data Bridge Market Research Advanced Driver Assistance System (ADAS) market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Leading Key Players Operating in the Advanced Driver Assistance System (ADAS) Market Includes:
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 report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Advanced Driver Assistance System (ADAS) market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
Some of the features of Advanced Driver Assistance System (ADAS) Market Report:
- The Adaptive Cruise Control (ACC) segment accounted for largest revenue share in 2021. ACC is an active safety system that controls a vehicle’s acceleration and braking automatically. It is activated by a steering-wheel button and deactivated by driver’s braking and/or another button. The system operates by monitoring other vehicles and roadside objects. Furthermore, ACC allows for a safe and comfortable driving experience and accomplishes this by assisting driver in maintaining a constant vehicle speed at any given time. Additionally, the driver can also customize certain factors such as distance to car in front, driving mode, and others.
- The Light Detection and Ranging (LiDAR) segment accounted for largest revenue share in 2021. LiDAR technology is a remote sensing method that uses laser beams to measure and create a Three-Dimensional (3D) representation of environment being surveyed. LiDAR sensors allow autonomous vehicles to view their surroundings by measuring millions of data points in real-time, resulting in a precise map of environment for safe navigation. Furthermore, technology’s precise measurement enables vehicle’s system to effectively identify and avoid objects up to 300 meters away in any weather or lighting conditions.
- 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.
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
The study segments the Advanced Driver Assistance System (ADAS) industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2021 – 2028 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.
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Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
Regional Outlook of Advanced Driver Assistance System (ADAS) Market:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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