Base Year
Historical Year
Forecast Year
The global advanced driver assistance systems (ADAS) market reached a value of about USD 40.21 billion in 2023. The market is further expected to grow at a CAGR of 17.20% in the forecast period of 2024-2032 to reach a value of approximately USD 168.46 billion by 2032.
| Global Advanced Driver Assistance Systems (ADAS) Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 40.21 |
| Market Size 2032 | USD Billion | 168.46 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 17.2% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 19.4% |
| CAGR 2024-2032 - Market by Country | India | 22.8% |
| CAGR 2024-2032 - Market by Country | China | 19.0% |
| CAGR 2024-2032 - Market by Offering | Hardware | 19.3% |
| CAGR 2024-2032 - Market by Sensor Type | Image Sensor | 19.6% |
| Market Share by Country 2023 | France | 3.3% |
The market is driven by the increasing awareness regarding vehicle safety and reducing component costs owing to the extensive use of cameras and radars. Furthermore, strict rules and regulations of safety are expected to invigorate the market growth in the forecast period.
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The advanced driver assistance systems (ADAS) are the electronic systems that aid the vehicle driver while driving or during parking. The system intends to improve car and road safety.
Based on offering, the industry is bifurcated into:
The industry can be divided on the basis of sensor type into:
Based on system type, the industry is categorised into:
On the basis of the level of autonomy, the market is segmented into:
By distribution channel, the market is bifurcated into OEM and aftermarket. On the basis of vehicle type, the market is categorised into passenger car, light commercial vehicle, and heavy commercial vehicle.
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Country |
| India | 22.8% |
| China | 19.0% |
| USA | 15.3% |
| Australia | 13.5% |
| France | 13.5% |
| Canada | XX% |
| UK | XX% |
| Germany | XX% |
| Italy | 12.1% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
-market-by-vehicle-type.PNG)
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The global advanced driver assistance systems (ADAS) market is driven by the rising demand for safety features and an enhanced requirement for comfort. The use of the product helps mitigate the loss of property and life and minimizes the rate of accidents. The product also improves pedestrian and passenger safety by reducing the occurrence of motor vehicle accidents as well as their severity. The market is further expanding owing to the rapid technological advancements and manufacture of multifunctional systems.
The market may find hindrance in its growth due to the lack of lane marking, well-organised roads, and availability of GPS in many parts of the developing countries, which are the basic infrastructural requirements needed for the optimum functioning of the advanced driver assistance systems (ADAS).
-market-by-region.PNG)
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The report gives a detailed analysis of the following key players in the global advanced driver assistance systems (ADAS) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Offering |
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| Breakup by Sensor Type |
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| Breakup by System Type |
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| Breakup by Level of Autonomy |
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| Breakup by Distribution Channel |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global advanced driver assistance systems (ADAS) market attained a value of nearly USD 40.21 billion.
The market is projected to grow at a CAGR of 17.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 168.46 billion by 2032.
The major drivers of the market include the increasing awareness regarding vehicle safety, rising requirement for comfort in vehicles, and the surging manufacturing of multifunctional systems.
Technological advancements and innovations, the introduction of stringent government initiatives to boost vehicle safety, and the surging rate of road accidents are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major segments on the basis of offerings considered in the market report are hardware and software.
The significant sensor types of the product are image sensor, LiDAR sensor, ultrasonic sensor, infrared (IR) sensor, radar sensor, and laser.
The major system types of the product are adaptive cruise control system, automatic emergency braking system (AEBS), adaptive front lighting system, blind spot object detection system, driver monitoring system (DMS), forward collision warning system (FCWS), intelligent parking assist system (IPAS), lane departure warning system (LDWS), night vision system, road sign recognition system (RSRS), tyre pressure monitoring system (TPMS), and traffic jam assist system (TJAS), among others.
The leading level of autonomy segments within the market include level 1, level 2 and level 3, level 4, and level 5.
The significant distribution channels of the product are OEM and aftermarket.
The various vehicle types considered in the market report include passenger car, light commercial vehicle, and heavy commercial vehicle.
The key players in the market are Robert Bosch GmbH, Continental AG., DENSO Corporation, Magna International Inc., ZF Friedrichshafen AG, Autoliv Inc., and NXP Semiconductors, among others.
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India
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Philippines
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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