The global market for Advanced Driver Assistance System (ADAS) is estimated at US$46.5 Billion in 2023 and is projected to reach US$108.7 Billion by 2030, growing at a CAGR of 12.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the ADAS market is driven by several factors. Firstly, the increasing emphasis on vehicle safety and the implementation of stringent government regulations are compelling manufacturers to integrate ADAS features into their vehicles to comply with safety standards and enhance consumer appeal. Secondly, rapid advancements in sensor technology, including significant improvements in radar, LiDAR, and camera systems, are enhancing the accuracy and functionality of ADAS, making these systems more reliable and effective. Thirdly, rising consumer awareness and demand for safety features are accelerating the adoption of ADAS, as more drivers prioritize safety in their vehicle purchase decisions. Additionally, the growing trend towards autonomous driving is driving substantial investment and innovation in ADAS technologies, as these systems are essential building blocks for the development of self-driving cars. Moreover, collaborations and partnerships between automotive manufacturers and technology companies are fostering innovation and expediting the commercialization of advanced ADAS features. Finally, the expansion of electric vehicles (EVs) and their integration with ADAS technologies are contributing to market growth, as EV manufacturers often emphasize advanced safety and automation features in their vehicle designs. This multifaceted growth is not only reshaping the automotive landscape but also paving the way for a future where fully autonomous vehicles become a mainstream reality.
The growth in the ADAS market is driven by several factors. Firstly, the increasing emphasis on vehicle safety and the implementation of stringent government regulations are compelling manufacturers to integrate ADAS features into their vehicles to comply with safety standards and enhance consumer appeal. Secondly, rapid advancements in sensor technology, including significant improvements in radar, LiDAR, and camera systems, are enhancing the accuracy and functionality of ADAS, making these systems more reliable and effective. Thirdly, rising consumer awareness and demand for safety features are accelerating the adoption of ADAS, as more drivers prioritize safety in their vehicle purchase decisions. Additionally, the growing trend towards autonomous driving is driving substantial investment and innovation in ADAS technologies, as these systems are essential building blocks for the development of self-driving cars. Moreover, collaborations and partnerships between automotive manufacturers and technology companies are fostering innovation and expediting the commercialization of advanced ADAS features. Finally, the expansion of electric vehicles (EVs) and their integration with ADAS technologies are contributing to market growth, as EV manufacturers often emphasize advanced safety and automation features in their vehicle designs. This multifaceted growth is not only reshaping the automotive landscape but also paving the way for a future where fully autonomous vehicles become a mainstream reality.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Adaptive Cruise Control segment, which is expected to reach US$34.7 Billion by 2030 with a CAGR of a 15.0%. The Autonomous Emergency Braking segment is also set to grow at 14.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $12.7 Billion in 2023, and China, forecasted to grow at an impressive 12.1% CAGR to reach $16.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Advanced Driver Assistance System (ADAS) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Advanced Driver Assistance System (ADAS) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Advanced Driver Assistance System (ADAS) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Autoliv, Inc., Continental AG, Hyundai Mobis Co., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 43 Featured):
- Autoliv, Inc.
- Continental AG
- Hyundai Mobis Co., Ltd.
- Magna International, Inc.
- Mobileye Vision Technologies Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned
- Autoliv, Inc.
- Continental AG
- Hyundai Mobis Co., Ltd.
- Magna International, Inc.
- Mobileye Vision Technologies Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 294 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 46.5 Billion |
| Forecasted Market Value ( USD | $ 108.7 Billion |
| Compound Annual Growth Rate | 12.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
