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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Advanced Driver Assistance Systems (ADAS) Market Outlook

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.

Advanced Driver Assistance Systems (ADAS) Market

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Market Segmentation

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:

  • Hardware
  • Software

The industry can be divided on the basis of sensor type into:

  • Image Sensor
  • LiDAR Sensor
  • Ultrasonic Sensor
  • Infrared (IR) Sensor
  • Radar Sensor
  • Laser

Based on system type, the industry is categorised into:

  • 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)
  • Traffic Jam Assist System (TJAS)
  • Others

On the basis of the level of autonomy, the market is segmented into:

  • Level 1
  • Level 2 and Level 3
  • Level 4
  • Level 5

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%

Advanced Driver Assistance Systems Market by Type

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Market Analysis

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).

Global ADAS Market by Region

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Competitive Landscape

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:

  • Robert Bosch GmbH
  • Continental AG.
  • DENSO Corporation
  • Magna International Inc.
  • ZF Friedrichshafen AG
  • Autoliv Inc.
  • NXP Semiconductors
  • Others

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.

Key Highlights of the Report

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:

  • Offering
  • Sensor Type
  • System Type
  • Level of Autonomy
  • Distribution Channel
  • Vehicle Type
  • Region
Breakup by Offering
  • Hardware
  • Software
Breakup by Sensor Type
  • Image Sensor
  • LiDAR Sensor
  • Ultrasonic Sensor
  • Infrared (IR) Sensor
  • Radar Sensor
  • Laser
Breakup by System Type
  • 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)
  • Traffic Jam Assist System (TJAS)
  • Others
Breakup by Level of Autonomy
  • Level 1
  • Level 2 and Level 3
  • Level 4
  • Level 5
Breakup by Distribution Channel
  • OEM
  • Aftermarket
Breakup by Vehicle Type
  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Robert Bosch GmbH
  • Continental AG.
  • DENSO Corporation
  • Magna International Inc.
  • ZF Friedrichshafen AG
  • Autoliv Inc.
  • NXP Semiconductors
  • Others
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*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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Key Questions Answered in the Report

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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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124