Advanced Driver-Assistance Systems (ADAS) Market - Trends Forecast Till 2028

Advanced Driver-Assistance Systems (ADAS) Market, by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, EV and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-AU-ADASM-346

Format:  

Number of Pages: 287

Domain: Automotive

Advanced Driver-Assistance Systems (ADAS) Market – Trends Forecast Till 2028

The global Advanced Driver-Assistance Systems (ADAS) market size is projected to reach USD 75 billion by 2026 at a CAGR of 12.3% from USD 27.6 billion in 2021 during the forecast period 2021-2028.

Advanced Driver-Assistance Systems (ADAS) is a AI based mechanic system which is used to eliminate or reduce the risk of the vehicle accidents. Almost all of the accidents are caused due to human error and ADAS prevent the deaths and injuries cause to mankind by reducing the number of accidents and also significantly reducing the effects on those which can’t be avoided. ADAS system used radar and cameras to collect information and either provide the driver with the possible error or can take up an automatic action based on perceived environment.

With the recent stringent rules and regulations regarding vehicle safety along with the surge in demand for safety and driving comfort features along with the raising demand for luxury vehicle are some of the factors that have supported long-term expansion for Advanced Driver-Assistance Systems (ADAS) Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The lowered demand and supply chain bottle neck have forced Bosch and Continental which are a major company to suspend their production.

Advanced Driver-Assistance Systems Market Analysis

Asia Pacific is expected to be the largest market during the forecast period. Major OEM are using ADAS solutions more prominently so as to achieve higher standards of safety. This have led to growth in the commercial refrigeration equipment in the region.

Advanced Driver-Assistance Systems (ADAS) Market is segmented into System, Component, Offering, Electric Vehicle, Level of Autonomy, Vehicle Type, and geography.

On the basis of System

  • Adaptive Cruise Control (ACC)
  • Adaptive Front Light (AFL)
  • Automatic Emergency Braking (AEB)
  • Blind Spot Detection (BSD)
  • Cross Traffic Alert (CTA)
  • Driver Monitoring System (DMS)
  • Forward Collision Warning (FCW)
  • Intelligent Park Assist (IPA)
  • Lane Departure Warning (LDW)
  • Night Vision System (NVS)
  • Pedestrian Detection System (PDS)
  • Road Sign Recognition (RSR)
  • Tire Pressure Monitoring System (TPMS)
  • Traffic Jam Assist (TJA)

On the basis of Component

  • Camera Unit
  • LiDAR
  • Radar Sensor
  • Ultrasonic Sensor
  • Infrared Sensor

On the basis of Offering

  • Hardware
  • Software

On the basis of Electric Vehicle

  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

On the basis of Level of Autonomy

  • L1
  • L2 & L3
  • L4
  • L5

On the basis of Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Truck
  • Bus

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Advanced Driver-Assistance Systems Market Primary Respondent

 

Key players

  • Robert Bosch
  • Veoneer
  • Aptiv
  • ZF Friedrichshafen
  • Denso
  • Magna International
  • Hyundai Mobis
  • Continental AG

Recent Developments

  • In February 2020, Veoneer was picked to supply active safety systems which were to be based on next-generation vision and radar systems. Euro NCAP 5-star safety rating were met by Veoneers scalable system. Along with safety it provided other features such as highway assist, lane centring control, stop and go adaptive cruise control, automatic emergency braking, traffic sign recognition, and automated high beam control.
  • In February 2019, Daikin acquired AHT Group from Austria completely. AHT group is a leading company dealing with the commercial refrigeration market in Europe. This step will help Daikin in adding a range of solutions, services, and products based on its air conditioning and refrigeration equipment.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Advanced Driver-Assistance Systems (ADAS) market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 27.6 billion

Growth Rate

CAGR of 12.3% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

System, Component, Offering, Electric Vehicle, Level of Autonomy, Vehicle Type and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Robert Bosch, Veoneer, Aptiv, ZF Friedrichshafen, Denso, Magna International, Hyundai Mobis, and Continental AG

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