| Status : Published | Published On : Dec, 2023 | Report Code : VRAT9610 | Industry : Automotive & Transportation | Available Format :
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Page : 250 |
Global ADAS Market – Analysis and Forecast (2025-2030)
Industry Insight 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), Pedestrian Detection System, Traffic Jam Assist, and Others), by Propulsion (Electric (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, and Plug-In Hybrid Electric Vehicle), Petrol, and Diesel), by Component (Hardware and Software), by Level of Autonomy (L1, L2, L3, L4, and L5), by Sensor Type (Image Sensors, Ultrasonic Sensors, Lidar Sensors, Radar Sensors, Infrared (IR) Sensors, Laser Sensors, Capacitive Sensor, and Others), by Vehicle Type (Passenger Vehicles (Mid-Sized Cars, Sedans, Minivan, Convertible, Crossover, Hatchbacks, and Others), Light Commercial Vehicles (Compact, Utility Vehicle, Supermini, Light Truck, and Others), and Heavy Commercial Vehicles (Mobile Truck, Limo, Recreational Vehicle, Towing Truck, Fire Trucks, and Others)), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)
Industry Overview
The Global ADAS market is projected to grow at a CAGR of 11.6% during the forecast period to reach USD 78.6 billion by 2030 from USD 25.8 billion.
An advanced and innovative technology platform, advanced driver assistance system (ADAS) provides vehicles with autonomy and helps drivers in safely maneuvering their vehicles. ADAS aims to boost the comfort, convenience, and safety of drivers by integrating several subsystems and functionalities that work either autonomously or collaboratively. Moreover, developments in the automotive industry have been driven by artificial intelligence (AI). ADAS also contributes to mitigating traffic congestion and accidents, thereby boosting the overall security and safety of vehicles, their passengers, and pedestrians.
The ADAS market is poised for growth during the forecast period since electric vehicles lead the ADAS market, driven by technological advancements and security demands, particularly in electric mobility and shared solutions, while hardware components are expected to grow rapidly, fueled by technological advancements.
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Furthermore, advances in the automobile sector have been made because of artificial intelligence (AI). Additionally, ADAS helps to reduce the issue of traffic congestion and traffic accidents while also enhancing the security and safety of cars, their occupants, and pedestrians. Additionally, the governments of numerous nations have made it mandatory for automakers to incorporate various ADAS in all types of vehicles and are investing a significant amount of money in the use of advanced technologies, providing safety features, and promoting the use of automated vehicles around the world. As a result, the worldwide ADAS market will benefit from the growing industrialization and urbanization, the increasing disposable income, and the rising standards of living.
Market Segmentation
Insight by System Type
The global ADAS market is divided into Intelligent Lane Departure Warning (LDW), Park Assist (IPA), Road Sign Recognition (RSR), Night Vision System (NVS), Automatic Emergency Braking (AEB), Tire Pressure Monitoring System (TPMS), Adaptive Cruise Control (ACC), Blind Spot Detection (BSD), Adaptive Front Light (AFL), Cross-Traffic Alert (CTA), Forward Collision Warning (FCW), Driver Monitoring System (DMS), Traffic Jam Assist, Pedestrian Detection System, and other segments based on the system type.
TPMS stands out due to its sensor-based tire pressure monitoring, reducing accidents with real-time alerts, and its widespread adoption in small and medium-sized vehicles. It is also attributed to the low-cost and higher efficiency.
Insight by Propulsion
The global ADAS market is divided into electric vehicles, gasoline, and diesel, according to its propulsion, where EVs are further categorized into battery, hybrid, fuel-cell, and plug-in hybrid electric vehicles. Out of all these segments, the electric vehicles segment will lead the market due to tech developments, growing demand for better security features and ADAS capabilities, higher electric and shared mobility solutions.
Insight by Component
The global ADAS market is divided by components into hardware and software, where the former is expected to grow at a higher CAGR rapid technological progress.
Insight by Autonomy Level
The global ADAS market is categorized by autonomy level into L1, L2, L3, L4, and L5. Out of them, the L2 ADAS segment will grow more due to higher adoption and better features such as brake assistance, cruise control, lane-keeping assistance, and park assistance.
Insight by Sensor Type
The ADAS market is divided into image sensors, capacitive sensors, lidar sensors, ultrasonic sensors, radar sensors, laser sensors, infrared (IR) sensors, and other segments, based on the type of sensor used.
The radar sensors segment leads due to their cost-effectiveness and usage in collision warning and blind-spot monitoring. These sensors help drivers avoid accidents by assisting them to use the brakes and counter steering. Furthermore, since governments limit the bandwidth and frequency range, probabilities for radar technology development will arise.
Insight by Vehicle Type
The global ADAS market is divided into three categories namely light commercial cars, passenger cars, and heavy commercial cars according to the vehicle type. The passenger cars section is further subdivided into mid-sized automobiles, minivans, sedans, convertibles, hatchbacks, crossovers, and others.
Passenger cars dominate the market due to increasing safety needs, emerging market demands, and supportive legislation, and raising consumer awareness. Moreover, numerous nations in North America, Europe, and APAC are establishing legislation for the stringent integration of ADAS.
Global ADAS Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
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Base Year Considered |
2024 |
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Forecast Period |
2025 - 2030 |
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Market Size in 2023 |
U.S.D. 25.8 Billion |
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Revenue Forecast in 2030 |
U.S.D. 78.6 Billion |
|
Growth Rate |
11.6% |
|
Segments Covered in the Report |
By System Type, By Propulsion, By Component, By Level of Autonomy, By Sensor Type, By Vehicle Type |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and the Rest of the World |
Industry Dynamics
Industry Trends
Mandates for parking assistance systems in automobiles, enforced in China, India, the USA, and elsewhere, are driving demand for ADAS technology. The proliferation of automated and autonomous vehicles is poised to fuel substantial expansion within the global ADAS sector. Integration of ADAS into commercial fleets to enhance driver safety and fleet management efficiency and rising consumer awareness and demand for enhanced vehicle safety features, also leads to increased adoption of ADAS technologies. Collaboration between automotive manufacturers and technology companies to develop more advanced ADAS solutions, including AI-driven systems and predictive analytics for accident prevention.
Growth Drivers
The primary growth driver of the ADAS market is the widespread use of cameras and radars to improve vehicle safety ratings. Lowering the cost of components, rising demand for driving comfort and safety features also propels the market growth. Other driving factors include government regulations for safety, beneficial features such as safety warnings, advanced algorithms that promote vision processing, and growing demand for electric vehicles and ADAS integration.
Challenges
The growth of the ADAS market is hindered by high cost, technical complexities, data privacy concerns, strict regulations, and environmental factors.
Opportunities
Growing integration of ADAS in vehicles by major brands like Tesla, Toyota, and Honda is offering novel growth opportunities.
Geographic Overview
North America leads the market due to growing demand for safer vehicles, developments in autonomous driving, and government initiatives to ensure passenger safety.
The APAC market will grow due to growing popularity and sales of electric vehicles, adoption and production of advanced electronics by developing countries like China, Japan, and South Korea, and expansion in the automotive sector. China is expected to hold a 57% market share for the production of electric vehicles by 2030, according to the IEA. The increased government initiatives, such as "Made in China 2025," will accelerate the growth in the production of battery- and electric-powered vehicles, creating chances for ADAS manufacturers to create cutting-edge safety systems and boost their market share over the forecast period.
Recent Development by Key Players
Valeo (a global automotive technology leader) has inaugurated its new manufacturing facility in Daegu (Korea) for the production of sensors for vehicle automation.
ZF Acquired Intellic to advance next generation fleet connectivity for commercial vehicles. This has created a one-stop-shop for tachograph, connectivity and fleet management solutions. This move is representing a significant step towards realizing its goal to enable Transportation as a Service (TaaS).
Competitive Insight
To obtain an advantage in a cutthroat market and generate large sums of money, industry firms are incorporating various safety technological systems into automobiles. Additionally, the industry participants are increasing their global reach through alliances, joint ventures, and new establishments in developing regions. Additionally, the market leaders' broad product range and solid regional presence have given them a solid footing in the market.
To achieve zero accidents and zero fatalities on the highways, Continental AG is committed to offering aided and automated driving. The product line-up consists of sensors, chassis control systems, airbag electronics, advanced driver assistance systems, hydraulic and electronic brakes, and sensors. The main goal is to give knowledge and connectivity of different components to improve driving safety and convenience and open the door to autonomous mobility.
To support advanced ADAS safety features and improve the existing ZF co ASSIST semi-automated system on the Dongfeng Aeolus Yixuan MAX in China, ZF has introduced a high-performance mid-range radar. ZF's mid-range radar is a high-performance 77GHz front radar built to support semi-automated driving features and the Euro NCAP 5-Star Safety Ratings for 2022 and beyond.
Some of the key players operating in the ADAS market are DENSO CORPORATION, Valeo, ZF Friedrichshafen AG, NXP Semiconductors, Robert Bosch GmbH, Continental AG, Aptiv, Autoliv Inc., Hyundai Mobis, and Magna International Inc.
The ADAS Market report offers a comprehensive market segmentation analysis and an estimation for the forecast period 2025–2030.
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)
- Pedestrian Detection System
- Traffic Jam Assist
- Others
- By Propulsion
- Electric
- Battery Electric Vehicle
- Fuel Cell Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Petrol
- Diesel
- Electric
- By Component
- Hardware
- Software
- By Level of Autonomy
- L1
- L2
- L3
- L4
- L5
- By Sensor Type
- Image Sensors
- Ultrasonic Sensors
- Lidar Sensors
- Radar Sensors
- Infrared (IR) Sensors
- Laser Sensors
- Capacitive Sensor
- Others
- By Vehicle Type
- Passenger Vehicles
- Mid-Sized Cars
- Sedans
- Minivan
- Convertible
- Crossover
- Hatchbacks
- Others
- Light Commercial Vehicles
- Compact
- Utility Vehicle
- Supermini
- Light Truck
- Others
- Heavy Commercial Vehicles
- Mobile Truck
- Limo
- Recreational Vehicle
- Towing Truck
- Fire Trucks
- Others
- Passenger Vehicles
Geographical Segmentation
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
Source: VynZ Research
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Source: VynZ Research
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ADAS Market