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Advanced Driver Assistance Systems Market growth at a CAGR of 13.8% by 2030

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[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global advanced driver assistance systems market was valued at around USD 38.56 billion in 2021 and is expected to register revenues worth USD 108.04 billion by the end of 2030, growing at an exceptional CAGR of approximately 13.8% between 2022 and 2030.

Advanced Driver Assistance Systems

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Growth Factors:

The growth of advanced driver assistance systems (ADAS) market is mainly driven by growing demand for safety and driving comfort features paired with demand for luxury vehicles. In addition, rising demand for electric vehicles (EV), ongoing development in sensor technology and demand to integrate ADAS in premium car are some of the factors predicted to influence the growth of ADAS in analysis period. Furthermore, stringent rule and regulations for vehicle safety is expected to flourish the growth of the advanced driver assistance systems (ADAS) market in analysis period.

On the contrary, lack of required road infrastructure in developing region is expected to limit the growth of advanced driver assistance systems (ADAS) market in near future. Nonetheless, growing market for autonomous vehicles across the globe is expected to open up new alluring opportunities for market players in near future. Despite the slowdown in vehicle sales caused by the COVID-19 pandemic, current safety rule and regulations will definitely increase the penetration of ADAS features in future vehicles.

Report Scope of the Advanced Driver Assistance Systems (ADAS) Market
Report Highlights Details
Market Size by 2030 USD 108.04 Billion
Growth Rate CAGR of 13.8% from 2022 to 2030
Largest Market Europe and North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered System Type, Vehicle Type, Sensor Type, Electric Vehicle, Level of Autonomy, Region Type
Companies Mentioned Denso, Aptiv, Robert Bosch GmbH, Continental AG, Magna International, Veoneer, Hyundai Mobis, ZF Friedrichshafen, Valeo, NVIDIA, Intel, Microsemi Corporation, Nidec Corporation, Hella, Texas Instruments, Infineon Technologies AG
Scope of the Report

A recent study by Precedence Research on the advanced driver assistance systems market offers a forecast for 2020 and 2027. The study analyzes crucial trends that are currently determining the growth of the advanced driver assistance systems market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of advanced driver assistance systems.

The study also provides the dynamics that are responsible for influencing the future status of the advanced driver assistance systems market over the forecast period.

A detailed assessment of the advanced driver assistance systems market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the advanced driver assistance systems market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights
  • Europe and North America together held the majority of revenue share in 2019.The growth of these regions is mainly attributed to better road infrastructure facilities, higher adoption rate of new technologies and presence of key market participant.
  • Stringent rules and regulations by various countries such as AEB and LDW for in France and South Korea, L3 driving system development in Canada is predicted to shape the market for global ADAS market in analysis period.
  • The passenger car segment held the majority of revenue share in 2019 and accounted over 64% of the overall market and is also projected to emerge as the fastest-growing vehicle type segment in years to come.
  • Regulations on frequency and bandwidth are estimated to support the growth of radar sensor segment in near future.
  • Asia is anticipated to be fastest growing region for global ADAS market and is likely to grow at a CAGR of 14.8% in forecast period. China, Japan and South Korea governments have acknowledged the automotive industry’s growth potential, and have taken numerous measures to enable major OEMs to enter their domestic markets. According to our analyst, China is predicted to remain the global leader in electric vehicle production, with a 55% volume share in 2030.
Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

Some of the prominent players in the advanced driver assistance systems market include:
  • Denso
  • Aptiv
  • Robert Bosch GmbH
  • Continental AG
  • Magna International
  • Veoneer
  • Hyundai Mobis
  • ZF Friedrichshafen
  • Valeo
  • NVIDIA
  • Intel
  • Microsemi Corporation
  • Nidec Corporation
  • Hella
  • Texas Instruments
  • Infineon Technologies AG
  • Hitachi Automotive
  • Renesas Electronics Corporation

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Segments Covered in the Report

 By System Type

  • Intelligent Park Assist (IPA)
  • Lane Departure Warning (LDW)
  • Road Sign Recognition (RSR)
  • Tire Pressure Monitoring System (TPMS)
  • Night Vision System (NVS)
  • Automatic Emergency Braking (AEB)
  • Adaptive Cruise Control (ACC)
  • Adaptive Front Light (AFL)
  • Blind Spot Detection (BSD)
  • Cross Traffic Alert (CTA)
  • Driver Monitoring System (DMS)
  • Forward Collision Warning (FCW)
  • Others

By Sensor Type

  • Image Sensors
  • Ultrasonic Sensors
  • LiDAR
  • Radar Sensors
  • Infrared (IR) Sensors
  • Laser Sensors

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Truck
  • Bus

By Level of Autonomy

  • L1
  • L2
  • L3
  • L4
  • L5

By Electric Vehicle

  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Read Also Vehicle Roadside Assistance Market to Rising a CAGR 4.6% Till 2030

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region.

This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global advanced driver assistance systems market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the advanced driver assistance systems market.

The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.

Why should you invest in this report?

If you are aiming to enter the global advanced driver assistance systems market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for advanced driver assistance systems are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Market Variables and Scope

Chapter 5. COVID 19 Impact on Advanced Driver Assistance Systems (ADAS) Market

Chapter 6. Market Dynamics Analysis and Trends

Chapter 7. Competitive Landscape

Chapter 8. Global Advanced Driver Assistance Systems (ADAS) Market, By Vehicle Type

Chapter 9. Global Advanced Driver Assistance Systems (ADAS) Market, By Sensor Type

Chapter 10. Global Advanced Driver Assistance Systems (ADAS) Market, By System Type

Chapter 11. Global Advanced Driver Assistance Systems (ADAS) Market, By Level of Autonomy

Chapter 12. Global Advanced Driver Assistance Systems (ADAS) Market, By Electric Vehicle Type

Chapter 13. Global Advanced Driver Assistance Systems (ADAS)  Market, Regional Estimates and Trend Forecast

Chapter 14. Company Profiles

Chapter 15. Research Methodology

Chapter 16. Appendix

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Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Our repository covers consultation, syndicated market studies, and customized research reports. Through our services we aim at connecting an organization’s goal with lucrative prospects globally.

From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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