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Advanced Driver Assistance Systems (ADAS) Market is reaching around USD 52.05 bn by 2028 at 11.7% CAGR

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Advanced Driver Assistance Systems (ADAS) Market is reaching around USD 52.05 bn by 2028 at 11.7% CAGR

April 20
18:40 2023
Advanced Driver Assistance Systems (ADAS) Market is reaching around USD 52.05 bn by 2028 at 11.7% CAGR
Some major players in the advanced driver assistance systems (ADAS) market are Texas Instruments, Intel, ZF Friedrichshafen, Aptiv, Denso, Robert Bosch GmbH, Continental AG, Magna International, Veoneer, Hyundai Mobis, Valeo, NVIDIA, Microsemi Corporation, Nidec Corporation, Hella, Infineon Technologies AG, Hitachi Automotive, and Renesas Electronics Corporation.

Credence Research, a leading market research firm, has released a comprehensive market report titled “Global Advanced Driver Assistance Systems (ADAS) Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028″. According to the report, the global ADAS market generated revenue of approximately USD 26.8 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of over 11.7% during the forecast period from 2022 to 2028, reaching around USD 52.05 billion in 2028.

Advanced Driver Assistance Systems (ADAS) are a set of safety features and technologies designed to assist drivers in the driving process and enhance vehicle safety. ADAS systems utilize various sensors, cameras, and algorithms to collect data about the vehicle’s surroundings and provide drivers with real-time alerts, warnings, and automatic actions to prevent accidents.

Some of the most common ADAS features include lane departure warning, adaptive cruise control, forward collision warning, automatic emergency braking, blind-spot detection, pedestrian detection, and parking assistance. These systems can improve driving safety by alerting drivers to potential hazards and automatically applying the brakes or steering to avoid a collision.

ADAS technologies are becoming increasingly common in modern vehicles, and they are expected to play a significant role in the development of self-driving cars in the future. However, it’s important to note that ADAS systems are designed to assist drivers and not replace them. Drivers must still be alert and ready to take control of their vehicle at any time.

The global ADAS market is driven by various factors, including the expansion of the automobile sector, the rapid development of new advanced technologies, improvements in people’s living standards, and the increasing popularity of self-driving cars. Government initiatives to improve passenger safety and lower system and component costs are also anticipated to increase demand for ADAS products. However, the COVID-19 pandemic is expected to affect government infrastructure spending and the market negatively. Nonetheless, ongoing technological advancements and developments in sensor technology are expected to open a new market opportunity during the projected period.

The global ADAS market is divided into various segments, including System Type, Sensor Type, Vehicle Type, Level of Autonomy, Electric Vehicle, and Geography. Based on the system type, the market is categorized into intelligent park assist (IPA), lane departure warning (LDW), road sign recognition (RSR), tire pressure monitoring system (TPMS), night vision system (NVS), automatic emergency braking (AEB), adaptive cruise control (ACC), adaptive front light (AFL), blind spot detection (BSD), cross traffic alert (CTA), driver monitoring system (DMS), forward collision warning (FCW), and others. The market is divided into image, ultrasonic, LiDAR, radar, infrared (IR), and laser sensors based on the sensor type. Based on the vehicle type, the global market is segmented into passenger cars, light commercial vehicles, trucks, and buses. Based on the level of autonomy, the market is categorized into L1, L2, L3, L4, and L5. Based on the electric vehicle, the global market is divided into battery electric vehicles (BEV), hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), and fuel cell electric vehicles (FCEV). The market is categorized geographically into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

In 2021, North America dominated the global advanced driver assistance systems (ADAS) market and accounted for a major market revenue share. The rapid technological advancements in the automotive sector and the presence of key companies in this region are the primary factors driving the region’s expansion. Besides, the region’s improving economic conditions have resulted in faster implementation of newly updated technologies. Increased accident incidences and rising sales of luxury cars in countries such as Canada and the United States further drive regional market growth.

Browse full report with List, Table and Figures: Advanced Driver Assistance Systems (ADAS) Market

Why to Buy This Report –

  • The report examines the global advanced driver assistance systems (ADAS) market by segment, current trends, drivers, restraints, opportunities, challenges, and market dynamics from 2016 to 2020, with 2021 as the base year and 2022-2028 as the projected period.
  • The report provides competitive landscape information, such as how the market’s key players operate at the global, regional, and country levels.
  • In-depth analysis of the global advanced driver assistance systems (ADAS) market segmentation by system type, sensor type, vehicle type, level of autonomy, and electric vehicle.
  • The report contains comprehensive and authentic data for all factors, including CAGR, consumer purchasing trends, supply and demand, and major regional countries’ import/export statistics.
  • The advanced driver assistance systems (ADAS) market report includes global, regional, and country-level market analysis, key market trends, major players analysis, market growth strategies, and key application areas.

Table of content:

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

 

2. Executive Summary

……….

 

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Advanced Driver Assistance Systems (ADAS) Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Market Drivers

3.2.3. Market Restraints

3.2.4. Market Opportunities

3.2.5. Major Industry Challenges

3.3. Attractive Investment Proposition,2021

3.3.1. System Type

3.3.2. Sensor Type

3.3.3. Vehicle Type

3.3.4. Level of Autonomy

3.3.5. Electric Vehicle

3.3.6. Geography

 

4. Premium Insights

……….

 

5. Market Positioning of Key Players, 2021

………

 

6. COVID-19 Impact Analysis

6.1. Global Advanced Driver Assistance Systems (ADAS) Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply

 

7. Global Advanced Driver Assistance Systems (ADAS) Market

………….

 

8. North America Advanced Driver Assistance Systems (ADAS) Market Analysis

………….

 

9. Europe Advanced Driver Assistance Systems (ADAS) Market Analysis

………..

 

10. Asia Pacific Advanced Driver Assistance Systems (ADAS) Market Analysis

…………

 

11. Latin America Advanced Driver Assistance Systems (ADAS) Market Analysis

………..

 

12. Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market Analysis

12.1. Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market, by System Type, 2016-2028(US$ Bn)

12.1.1. Overview

12.1.2. SRC Analysis

12.2. Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market, by Sensor Type, 2016-2028(US$ Bn)

12.2.1. Overview

12.2.2. SRC Analysis

12.3. Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market, by Vehicle Type, 2016-2028(US$ Bn)

12.3.1. Overview

12.3.2. SRC Analysis

12.4. Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market, by Level of Autonomy, 2016-2028(US$ Bn)

12.4.1. Overview

12.4.2. SRC Analysis

12.5. Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market, by Electric Vehicle, 2016-2028(US$ Bn)

12.5.1. Overview

12.5.2. SRC Analysis

12.6. Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market, by Country, 2016-2028 (US$ Bn)

12.6.1. GCC Countries

12.6.1.1. GCC Countries Advanced Driver Assistance Systems (ADAS) Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.6.1.2. GCC Countries Advanced Driver Assistance Systems (ADAS) Market, By System Type, 2016-2028 (US$ Bn)

12.6.1.3. GCC Countries Advanced Driver Assistance Systems (ADAS) Market, By Sensor Type, 2016-2028 (US$ Bn)

12.6.1.4. GCC Countries Advanced Driver Assistance Systems (ADAS) Market, By Vehicle Type, 2016-2028 (US$ Bn)

12.6.1.5. GCC Countries Advanced Driver Assistance Systems (ADAS) Market, By Level of Autonomy, 2016-2028 (US$ Bn)

12.6.1.6. GCC Countries Advanced Driver Assistance Systems (ADAS) Market, By Electric Vehicle, 2016-2028 (US$ Bn)

12.6.2. South Africa

12.6.2.1. South Africa Advanced Driver Assistance Systems (ADAS) Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.6.2.2. South Africa Advanced Driver Assistance Systems (ADAS) Market, By System Type, 2016-2028 (US$ Bn)

12.6.2.3. South Africa Advanced Driver Assistance Systems (ADAS) Market, By Sensor Type, 2016-2028 (US$ Bn)

12.6.2.4. South Africa Advanced Driver Assistance Systems (ADAS) Market, By Vehicle Type, 2016-2028 (US$ Bn)

12.6.2.5. South Africa Advanced Driver Assistance Systems (ADAS) Market, By Level of Autonomy, 2016-2028 (US$ Bn)

12.6.2.6. South Africa Advanced Driver Assistance Systems (ADAS) Market, By Electric Vehicle, 2016-2028 (US$ Bn)

12.6.3. Rest of Middle East and Africa

12.6.3.1. Rest of Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.6.3.2. Rest of Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market, By System Type, 2016-2028 (US$ Bn)

12.6.3.3. Rest of Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market, By Sensor Type, 2016-2028 (US$ Bn)

12.6.3.4. Rest of Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market, By Vehicle Type, 2016-2028 (US$ Bn)

12.6.3.5. Rest of Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market, By Level of Autonomy, 2016-2028 (US$ Bn)

12.6.3.6. Rest of Middle East and Africa Advanced Driver Assistance Systems (ADAS) Market, By Electric Vehicle, 2016-2028 (US$ Bn)

 

13. Company Profiles

13.1. Texas Instruments

13.1.1. Company Overview

13.1.2. Products/Services Portfolio

13.1.3. Geographical Presence

13.1.4. Financial Summary

13.1.4.1. Market Revenue and Net Profit (2019-2021)

13.1.4.2. Business Segment Revenue Analysis

13.1.4.3. Geographical Revenue Analysis

13.2. Intel

13.3. ZF Friedrichshafen

13.4. Aptiv

13.5. Denso

13.6. Robert Bosch GmbH

13.7. Continental AG

13.8. Magna International

13.9. Veoneer

13.10. Hyundai Mobis

13.11. Valeo

13.12. NVIDIA

13.13. Microsemi Corporation

13.14. Nidec Corporation

13.15. Hella

13.16. Infineon Technologies AG

13.17. Hitachi Automotive

13.18. Renesas Electronics Corporation

Browse full report with List, Table and Figures: https://www.credenceresearch.com/report/advanced-driver-assistance-systems-adas-market

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