Advanced Driver Assistance Systems (ADAS) Market Trends 2028

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Advanced Driver Assistance Systems (ADAS) Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Sensor Type (Image Sensor, LiDAR, Radar Sensor, Ultrasonic Sensor, and Infrared Sensor), Technology Type (Adaptive Front Light, Blind Spot Detection, Electronic Brake Assist, Drowsiness-Monitoring System, Lane Departure Warning, Head-up Display, Night Vision System, Park Assist, E-Call Telematics, Tire Pressure-Monitoring System, and Others), and Vehicle Type (Passenger Car, LCV, and HCV)

Publication Month: Jun 2022 | Report Code: TIPTE100000129 | No. of Pages: 207 | Category: Automotive and Transportation | Status: Published

The Advanced Driver Assistance Systems (ADAS) market is expected to grow from US$ 43,138.44 million in 2021 to US$ 183,814.84 million by 2028; it is estimated to grow at a CAGR of 25.4% from 2021 to 2028.

Advanced driver assistance systems (ADAS) are becoming more widely accessible on new automobiles. Human mistake is responsible for nearly all car accidents, which may be avoided using ADAS. The goal of ADAS is to reduce the incidence of automobile accidents and the severity of those that cannot be prevented, preventing fatalities and injuries. Forward-collision warning (FCW) and automated emergency braking (AEB), for example, are meant to deliver alerts or features that aid the driver with the driving job. These ADAS features are intended to improve driving safety or convenience, but they do not take the driver's position. These factors influence the growth of the Advanced Driver Assistance Systems (ADAS) market.

In Asia Pacific, China, South Korea, and India account for most of the Advanced Driver Assistance Systems (ADAS) market. The market expansion in the Asia Pacific can be attributed to India, South Korea, and China's high vehicle production and use of modern electronics. The governments of these nations recognized the automobile industry's potential for expansion. They have taken various steps to entice major OEMs to enter their domestic Advanced Driver Assistance Systems (ADAS) market. India's Ministry of Road Transport and Highways (India) intends to implement ADAS features by 2022. Features such as electronic stability control and automated emergency braking were examined in the initial phase. In India, Tier 1 manufacturers such as Continental are working with OEMs to facilitate the adoption by 2022–2023. All these factors are driving the market growth.

Strategic Insights

Report Coverage - Advanced Driver Assistance Systems (ADAS) Market
Report CoverageDetails
Market Size Value inUS$ 43,138.44 Million in 2021
Market Size Value byUS$ 183,814.84 Million by 2028
Growth rateCAGR of 25.4% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
No. of Pages207
No. of Tables88
No. of Charts & Figures91
Historical data availableYes
Segments coveredSensor Type, Technology Type, and Vehicle Type
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on Global Advanced Driver Assistance Systems (ADAS) Market

The COVID-19 pandemic had an immediate and devastating impact on the global automotive sector, which was already dealing with a downturn in global demand. China experienced disruptions in components shipments. Moreover, Europe and the US faced large-scale vehicle manufacturing disruptions alongside the shutdown of assembly lines. These effects are likely to lead to further merger and acquisition activities. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA) figures, ~78 million mechanized vehicles were produced globally in 2020, down by 16% from the previous year. Autonomous car system providers discontinued the testing of their offerings. As investments in the Advanced Driver Assistance Systems (ADAS) industry are subject to variations, a decrease in the number of shared-mobility providers significantly hampered the Advanced Driver Assistance Systems (ADAS) market.

Lucrative Regions for Automotive advanced driver assistance systems (ADAS) market

  Lucrative Regions for Automotive advanced driver assistance systems (ADAS) market

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Advanced Driver Assistance Systems (ADAS) Market Insights

Growing Demand for Safety and Driving Comfort Features

The majority of road accidents are caused by human error. These advanced safety technologies have been adopted to automate and improve components of the driving experience to improve driver safety and behavior. ADAS has been shown to lower the number of traffic deaths by lowering the risk of human mistakes. These safety systems aim to improve road safety by lowering the overall number of traffic accidents, thereby minimizing vehicular casualties. They also reduce the number of insurance claims resulting from small collisions that cause property damage but no injuries. ADAS technology based on field-programmable gate arrays (FPGA)/state of charge (SoC) and automotive sensors can be integrated with popular systems in the Advanced Driver Assistance Systems (ADAS) market, such as vision/camera to increase situational awareness and control, making driving easier and safer. A car is the largest and most often utilized connected system among the customer base. The Advanced Driver Assistance Systems (ADAS) industry is benefiting from increasing awareness of car safety ratings and lower component prices owing to the widespread use of cameras and radars. Major automakers are using ADAS systems to attain greater safety ratings and attract more customers, driving the growth in the Advanced Driver Assistance Systems (ADAS) market.

Sensor Type-Based Market Insights

Based on sensor type, the Advanced Driver Assistance Systems (ADAS) market is segmented intoimage sensor, LiDAR, radar sensor, ultrasonic sensor, and infrared sensor. In 2021, the ultrasonic sensor segment led the Advanced Driver Assistance Systems (ADAS)market, accounting for the largest share in the market.

Advanced Driver Assistance Systems (ADAS) Market, by Sensor Type, during 2021–2028 (%)

Advanced Driver Assistance Systems (ADAS) Market, by Sensor Type, during 2021–2028 (%)

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Technology Type-Based Market Insights

Based on technology type, the market is segmented into adaptive front light, blind spot detection, electronic brake assist, drowsiness-monitoring system, lane departure warning, head-up display, night vision system, park assist, E-call telematics, tire pressure-monitoring system, and others. In 2021, the blind spot detection segment led the Advanced Driver Assistance Systems (ADAS) market, accounting for the largest market share.

Vehicle Type-Based Market Insights

Based on vehicle type, the market is segmented into passenger car, LCV, and HCV. In 2021, the passeneger car segment accounted for the largest market share.

Market players adopt strategies, such as mergers, acquisitions, and market initiatives, to maintain their positions in the market. A few developments by key players are listed below:

  • In May 2022, Continental is planning to built a new plant for advanced driver assistance systems in the USA. A new plant is being built to produce radar sensors in New Braunfels, Texas. The total investment amounts to about one. As Continental is a major player in ADAS market, the company’s business expansion globally would cater to overall demand.
  • In September 2021, Robert Bosch Investment Ltd. developed an automated valet parking system with Hycan Automobile Technology. Hycan Z03 will be equipped with this technology. This is also Hechuang Automobile's first attempt to put this cutting-edge technology into mass-production vehicles.

Company Profiles

  • Continental AG
  • Cypress Semiconductor Corporation
  • First Sensor AG (TE Connectivity)
  • Harman International (Samsung Group)
  • Hitachi, Ltd.
  • MG Motor India Private Limited
  • NVIDIA Corporation
  • Robert Bosch GmbH
  • Telefonaktiebolaget LM Ericsson
  • Vector Informatik GmbH

Frequently Asked Questions

The global advanced driver assistance systems (ADAS) market was valued at US$ 43,138.44 million in 2021
The driving factors impacting the Advanced driver assistance systems (ADAS) market are I. Growing Demand for Safety and Driving Comfort Features II. Rising Adoption of Integrated Radar and Camera Systems
The Future trends impacting the advanced driver assistance systems (ADAS) market are - Growing Demand for Embedded Vision Systems in Vehicles
The key players holding the major market share of the advanced driver assistance systems (ADAS) market are Continental AG; Hitachi, ltd; Denso Corporation; Harman International; and NXP semiconductors.
APAC is the fastest-growing regional market in the global Advanced driver assistance systems (ADAS) market in 2021.
The blind-spot detection segment led the advanced driver assistance systems (ADAS) market in 2021.
The global advanced driver assistance systems (ADAS) market size is projected to reach US$ 183,814.84 million by 2028.
Asia Pacific dominated The Advanced driver assistance systems (ADAS) market in 2021 with a share of 46.1%; it would continue to dominate the market during the forecast period and account for 50.2% share by 2028

The List of Companies - Advanced Driver Assistance Systems (ADAS) Market

  1. Continental AG
  2. Cypress Semiconductor Corporation
  3. First Sensor AG (TE Connectivity)
  4. Harman International (Samsung Group)
  5. Hitachi, Ltd.
  6. MG Motor India Private Limited
  7. NVIDIA Corporation
  8. Robert Bosch GmbH
  9. Telefonaktiebolaget LM Ericsson
  10. Vector Informatik GmbH
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the advanced driver assistance systems (ADAS) market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the advanced driver assistance systems (ADAS) market thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
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