PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485830
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485830
Advanced Driver Assistance System Market size was valued at USD 33,824.05 Million in 2023, expanding at a CAGR of 10.5% from 2024 to 2032.
Advanced Driver Assistance Systems (ADAS) are technologies integrated into vehicles to enhance safety and improve the driving experience by assisting the driver in various tasks. These systems use sensors, cameras, radar, and other technologies to detect and respond to the surrounding environment and potential hazards. Growing government rules requiring ADAS to be installed in cars are expected to fuel demand even more. Global demand for luxury automobiles is being driven by increased disposable income, stable economies, and a growing desire for materialistic lifestyles.
Advanced Driver Assistance System Market- Market Dynamics
Increasing Consumers' Preferences for Safety and Comfort Features
The rising demand for safety and comfort features in vehicles, along with the need for Advanced Driver Assistance Systems (ADAS), reflects a significant shift in consumer priorities within the automotive industry. With a growing awareness of road safety, consumers are increasingly prioritizing vehicles equipped with advanced safety features. According to, the National Safety Council, approximately 62% of all road deaths, or 20,841 deaths annually, might be avoided with the use of ADAS technologies. Of these savings, lane keeping assist accounts for 14,844 and pedestrian automatic braking for 4,106 lives saved. Therefore, the increasing consumer demand for safety and comfort features aligns with the automotive industry's ongoing efforts to integrate ADAS technologies into vehicles.
Advanced Driver Assistance System Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 10.5% over the forecast period (2024-2032)
Based on vehicle type segmentation, passenger cars were predicted to show maximum market share in the year 2023
Based on system type segmentation, adaptive cruise control was the leading type in 2023
Based on offering segmentation, hardware was the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
The Global Advanced Driver Assistance System Market is segmented based on Vehicle Type, System Type, Offering, Level of Autonomy, and Region.
The market is divided into seven categories based on system type: Adaptive Cruise Control, Adaptive Front Light, Adaptive Emergency Braking, Road Sign Detection, Traffic Jam Assist, Night Vision System, and Driver Monitoring System. With the largest market share, the adaptive cruise control (ACC) category led the industry. The expansion of this market can be ascribed to a rise in the demand for safety features, technological developments like radar and sensor technologies, and government laws requiring ACC systems to be installed in specific types of vehicles, like commercial vehicles.
The market is divided into four categories based on vehicle type: Passenger Cars, Commercial vehicles, Trucks and Buses. The biggest market share was held by the passenger automobile segment. The growing demand for safety systems in developing economies as a result of rising consumer awareness, supportive laws, and advancing road safety regulations is responsible for the segment's rise.
Advanced Driver Assistance System Market- Geographical Insights
During the forecast period, the Asia-Pacific advanced driving assistance system market is expected to grow at a significant rate because of supportive macroeconomic factors like rising incomes and purchasing power as well as changing lifestyles brought on by rapid urbanisation and increased awareness of active safety systems. The near future is predicted to see a significant increase in demand for advanced driver assistance systems in nations like China, Japan, and India. According to the International Trade Administration, In terms of yearly sales and manufacturing output, China remains the largest car market in the world; by 2025, it is predicted that domestic production will amount to 35 million vehicles.
Leading manufacturing companies such as BMW, Ford, Toyota, Audi, Onsemi and GM, majorly investing in developing ADAS in cars. Continental AG, is a German automotive manufacturing company known for its advanced safety technologies. Continental offers a wide range of ADAS solutions including adaptive cruise control, lane departure warning, and automatic emergency braking systems. Another German multinational engineering and technology company, Bosch is a major player in the ADAS market, providing components and systems for various safety features such as radar sensors, cameras, and electronic control units. For instance, in October 2023, Koito Manufacturing Co., Ltd. And Denso Corporation announced a collaboration to develop a system to improve the object recognition rate of vehicle image sensors by coordinating lamps and image sensors, to improve driving safety at night.
In March 2024, The Volkswagen Group had a strategic collaboration with Mobileye significantly accelerating its development efforts in the field of automated and autonomous driving.
In January 2024, Mobileye expanded its collaboration with Mahindra and Mahindra to explore next-generation advanced driving technology. This collaboration strengthens the existing relationship between M&M and Mobileye, which resulted in the introduction of a segment-first suite of ADAS features in India.
GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEM MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Continental AG
ZF Friedrichshafen AG
Delphi Technologies
Robert Bosch GmbH
DENSO Corporation
Magna International
Veoneer
Hyundai Mobis
ZF Friedrichshafen
Valeo
NVIDIA
Intel
Microsemi Corporation
Nidec Corporation
Hella
Texas Instruments
Infineon Technologies AG
Others