The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Advanced Driver Assistance System (ADAS) market. The rising demand for the Advanced Driver Assistance System (ADAS) market is expected to drive the demand for Advanced Driver Assistance System (ADAS) market, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
The global Advanced Driver Assistance System (ADAS) market size is expected to reach USD 66.14 Billion at a steady CAGR of 11.8% in 2028, according to latest analysis by Emergen Research. Advanced driver assistance system market revenue growth is driven by rise in demand for safety features in vehicles, implementation of stringent safety regulations, and technological advancements in advanced driver assistance systems.
ADAS offers various benefits such as decrease in rate of accidents and reduced damage to property and injury or loss of life. These systems offer more effective safety features designed to improve passengers and pedestrian safety and minimizing accidents and impact severity. Advanced driver assistance systems offer safety features such as collision avoidance system, parking assistance, tire pressure monitoring, traction control, lane departure warnings, electronic stability control, and telematics. Surge in global road accident rates has been resulting in an increase in vehicle and passenger safety technologies and systems. Some features include ability to recognize and classify different objects on the road, alert driver regarding road conditions and terrain, as well as decelerate or completely halt the vehicle.
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Key geographical areas:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Market Scope:
One of the report’s central components is the broad Advanced Driver Assistance System (ADAS) market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Advanced Driver Assistance System (ADAS) market players.
Key players in the market include Continental AG, Robert Bosch GmbH, Denso, Samsung Electronics, Intel, Hyundai Mobis, ZF Friedrichshafen AG, Magna International Inc., Renesas Electronics Corporation, and Infineon Technologies AG.
Emergen Research has segmented the global advanced driver assistance system market on the basis of offering, component, system, vehicle type, and region:
Offering Outlook (Revenue, USD Billion; 2018–2028)
- Hardware
- Software
Component Outlook (Revenue, USD Billion; 2018–2028)
- LiDAR
- Camera Unit
- Ultrasonic Sensor
- Radar Sensor
- Infrared Sensor
System Outlook (Revenue, USD Billion; 2018–2028)
- Adaptive Front Light (AFL)
- Adaptive Cruise Control (ACC)
- Blind Spot Detection (BSD)
- Forward Collision Warning (FCW)
- Automatic Emergency Braking (AEB)
- Driver Monitoring System (DMS)
- Cross Traffic Alert (CTA)
- Lane Departure Warning (LDW)
- Pedestrian Detection System (PDS)
- Tire Pressure Monitoring System (TPMS)
- Road Sign Recognition (RSR)
- Intelligent Park Assist (IPA)
- Night Vision System (NVS)
- Traffic Jam Assist (TJA)
Vehicle Type Outlook (Revenue, USD Billion; 2018–2028)
- Light Commercial Vehicle
- Passenger Car
- Bus
- Truck
Some Key Findings in the Report:
- In March 2021, CallPro ADAS solution announced the launch of ADAS IdentiScan. The solution offers detailed guidance and information to collision repair facilities so users can manage the repair and estimation process by recognising the required calibration and ADAS.
- Radar-based ADAS provides accurate and reliable details of a vehicle’s surroundings and aid drivers in sensing potential on-road hazards during poor visibility or blocked vision. The system detects and calculates range, positioning, and velocity of approaching vehicles, and notifies the driver.
- NXP Semiconductor, in December 2020, announced launch of a suite of radar sensor solutions, which are designed to surround a vehicle with 360-degree protection and enables the classification and identification of imaging radar capabilities.
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