Advanced Driver Assistance Systems (ADAS) Market Analysis, Challenges, Growth and Forecast By 2030

Advanced driver assistance systems (ADAS) can be attributed to the increasing number of vehicle safety regulations and the rising demand for advanced safety features in vehicles. The rising demand for semi-autonomous and autonomous vehicles is also expected to drive the growth of the market. Additionally, the growing demand for advanced infotainment and the increasing demand for luxury vehicles are some of the other factors propelling the growth of the market. Advanced driver assistance systems are intelligent systems which are installed in the vehicle to assist the driver with safe and comfortable driving experience. These systems are used to provide vital information such as traffic congestion level, suggested routes, blockage & closure of roads ahead, and others. In addition, ADAS is also used to analyze the fatigue and distraction of human driver and make precautionary alerts to make suggestions regarding same and alert the driver about potentially dangerous situation. Furthermore, these systems take over the control from the human driver if required and also allows short range communication with the other vehicles.

Advanced driver assistance systems (ADAS) are anticipated to witness significant growth over the years, owing to high demand for safety features.

The global Advanced driver assistance systems (ADAS) market is segmented based on system type, sensor type, vehicle type, and region. Based on system type, the market is divided into tire pressure monitoring system (TPMS), drowsiness monitoring system, intelligent parking assist system (IPAS), adaptive cruise control system, blind spot object detection system, lane departure warning system, adaptive front lighting system, and others. Based on sensor type, it is classified into image sensor, LIDAR sensor, ultrasonic sensor, infrared (IR) sensor, radar sensor, and laser. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The key players analyzed in the Advanced driver assistance systems (ADAS) market include:

 Autoliv Inc., Continental AG, DENSO Corporation, Magna International Inc., ROBERT BOSCH STIFTUNG GMBH (ROBERT BOSCH GMBH), Valeo, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation, Texas Instruments, Delphi Automotive Company, Hyundai Mobis, Takata Corporation, ZF Friedrichshafen, Aisin Seiki Co., Ltd., Mobileye N.V, Harman International Industries, NVIDIA Corporation, Hitachi Ltd., Stonkam Co., Ltd., and others.

KEY BENEFITS FOR STAKEHOLDERS

• This study presents the analytical depiction of the global Advanced driver assistance systems (ADAS) market along with the current trends and future estimations to depict the imminent investment pockets.

• The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.

• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

• The current market is quantitatively analyzed from 2023 to 2030 to highlight the financial competency of the market.

• Porter’s five forces analysis illustrates the potency of the buyers and suppliers.

KEY MARKET SEGMENTS

By System Type

Tire Pressure Monitoring System (TPMS)

Drowsiness Monitor System

Intelligent Parking Assist System (IPAS)

Adaptive Cruise Control System

Blind Spot Object Detection System

Lane Departure Warning System

Adaptive Front-lighting System

Others

By Sensor Type

Image Sensor

Lidar Sensor

Ultrasonic Sensor

Infrared (IR) Sensor

Radar Sensor

Laser

By Vehicle Type

Passenger Car

Light Commercial Vehicle

Buses

Trucks

By Region

North America

 U.S.

 Canada

 Mexico

 Europe

 UK

 Germany

 Russia

 France

 Rest of Europe

Asia-Pacific

 China

 India

 Japan

 Australia

 Rest of APAC

LAMEA

 Latin America

 Middle East

 Africa