Automotive Advanced Driver Assistance Systems Market Analysis | 2023-2028

Market Insights

The automotive advanced driver assistance systems market was estimated at USD 30.81 billion in 2022 and is likely to grow at a CAGR of 9.7% during 2023-2028 to reach USD 53.84 billion in 2028.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

Automotive advanced driver assistance systems (ADAS) are electronic systems installed in the vehicle to help the drivers in driving the vehicle or even during parking the vehicle. The latest systems are integrated with a human-machine interface to offer better safety on the road.

Automotive advanced driver assistance systems (ADAS) work on different sensor types such as the radar. Adaptive front light, electronic brake assist, blind-spot detection, night vision systems, and similar others are some of the technologies on which the automotive advanced driver assistance system works.

Market Drivers

The major factors driving the growth of the automotive advanced driver assistance systems market are:

• Rising consumers’ preferences for safety features.
• Advancement in technology.
• The introduction of more stringent norms.
• Organic growth in global automobile production.

Additionally, increasing demand for premium and luxury cars is also propelling the growth of advanced driver assistance systems in the automotive industry. Some companies have started to deploy these systems from in mid-range cars as well to fulfill consumers’ safety preferences.

Want to have a closer look at this market report? Click Here

Key Players

Some of the major players in the automotive advanced driver assistance systems market are:

• Continental AG
• Delphi Automotive Plc
• Denso Corporation
• Robert Bosch GMBH
• Magna International Inc.
• Valeo
• ZF TRW Automotive.

Other players include-

• Audi AG
• BMW AG
• Ford Motors Co.
• General Motors.

Long-term contracts and advancement in technologies are the key strategies adopted by major OEM players to gain a competitive edge in the market throughout the globe.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segment Analysis

By Vehicle Type

The automotive advanced driver assistance systems market is segmented based on the following vehicle types: Passenger Cars, Light Commercial Vehicles, and Medium and heavy-duty Commercial Vehicles. Passenger car is expected to remain the largest vehicle type in the market over the next five years, driven by the increasing penetration of ADAS in the segment. The vehicle type is experiencing an expansion in usage of ADAS from luxury cars to mid-range cars. The vehicle type is also projected to witness the fastest growth during the forecast period, owing to rising demand for ADAS across regions.

By Sensor Type

Radar will remain the most dominant sensor type in the market during the forecast period. Radar sensors are used in a wide array of systems, such as adaptive cruise control systems and emergency brake assists. It is also anticipated to be the fastest-growing sensor type in the same period. Ultrasonic and image sensors are also projected to experience a healthy growth rate in the same period.

By Technology Type

The market is segmented based on the following technology types: Adaptive Cruise Control, 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 ADAS. All these technologies are expected to grow at a healthy pace during the forecast period. Tire pressure-monitoring systems will continue to occupy a large market share in the North American and European region because of mandated regulation by the US and European (countries’) governments. An adaptive cruise control system is expected to remain dominant in the North American region. Asia-Pacific is estimated to be the fastest-growing region for blind spot detection, emergency brake assist, head-up display, and park assist systems, mainly because of high congestion in traffic and rising purchasing power in developing countries.

Regional Insights

In terms of region, North America is estimated to remain the leading market during the forecast period. Increasing demand for high safety features, the mandate of some of the key ADAS system installations in vehicles such as tire pressure monitoring systems, and organic growth in automotive production are the major growth drivers of the region over the next five years. Asia-Pacific is expected to grow at a higher rate during the forecast period because of increased automobile production, especially in China and India, and increasing penetration of ADAS in the major Asia-Pacific markets, such as China, Japan, and India. The Middle East and Latin America are also estimated to experience healthy growth in the same period.

Know the high-growth countries in this report. Register Here

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects automotive advanced driver assistance systems market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automotive advanced driver assistance systems market is segmented into the following categories:

By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Medium & Heavy-Duty Commercial vehicle

By 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
• Others

By Sensor Type

• Radar
• Image
• LIDAR
• Infrared
• Ultrasonic

By Region

• North America (Country Analysis: USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, UK, Italy, Russia, and the rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and the rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Click Here, to learn the market segmentation details.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the component types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.