Dublin, April 15, 2024 (GLOBE NEWSWIRE) -- The "Global ADAS Market by Offering (Hardware (Camera, Radar, LiDAR, Ultrasonic, ECU), Software (Middleware, Application Software & OS)), System Type, Vehicle Type (PC, LCV, HCV), Level of Autonomy, Vehicle Class, EV type and Region - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global ADAS market size is projected to grow from 334 million units in 2024 to 655 million units by 2030, at a CAGR of 11.9%. The ADAS market is witnessing robust growth driven by increasing demand for electric and autonomous vehicles may drive the market for ADAS systems. Electric vehicles require advanced sensors and control systems in harmony to ensure safe and efficient operation, which is expected to increase the demand for ADAS systems in these vehicles. The growing trend of autonomous vehicles and the focus on safety are also likely to increase the demand for ADAS, as these vehicles require advanced systems for navigation, obstacle detection, and collision avoidance. 
The Adaptive Cruise Control segment is expected to have notable growth opportunities during the forecast period.
ACC systems can utilize laser or radar technology; some incorporate cameras for added functionality. Many original equipment manufacturers (OEMs) are heavily investing in advanced features associated with ACC. Technological advancements and the growing emphasis on passenger safety positively influence the proliferation of ACC. The Surge in road accidents has contributed to the increased adoption of ACC systems in vehicles. Numerous luxury vehicles feature an active detection system to identify cyclists and apply automatic braking when necessary. For example, Swedish-designed cars have previously demonstrated the ability to detect pedestrians and respond to their sudden movements.
Additionally, German automakers have showcased advancements in developing cutting-edge vehicle controls. For instance, BMW created a system for left turn assist, aiming to increase safety while performing such maneuvers in countries with right-hand traffic. Companies such as Continental, NXP Semiconductors, Bosch, Aptiv, ZF, Mobileye, and Denso provide adaptive cruise control systems.
Passenger car segment to show the most significant growth in the ADAS market during the forecast period
The number of electronic applications in a vehicle has increased significantly over the last few years due to the demand for increased safety, comfort, and convenience for consumers. Factors such as improved living standards, changing buyer preferences, and increased average miles driven yearly (precipitated by the increasing vehicle fleet) have raised the demand for ADAS. The demand for enhanced safety features, such as collision avoidance systems, lane departure warnings, and emergency braking, pushes passenger vehicle manufacturers to adopt sophisticated in-vehicle ADAS solutions. Passenger cars encompass a range of vehicle types, including sedans, hatchbacks, station wagons, SUVs, MUVs, and vans.
This segment stands out as the most promising and significant Advanced Driver Assistance Systems (ADAS) market, owing to the increasing demand for safer and more comfortable vehicles. The rising popularity of luxury vehicles further fuels this trend. Governments in both developed and developing nations are contemplating mandates for ADAS systems in passenger cars. Furthermore, deploying ADAS technology aligns with the growing trend of connected and autonomous vehicles, allowing for real-time monitoring and communication. Such strategies to enter the autonomous passenger cars market are expected to reinforce ADAS's role in elevating safety standards.
China is expected to show substantial growth in the Asia Pacific region for ADAS market.
China is projected to dominate the Asia Pacific ADAS market during the forecast period. The country's expanding middle-class population with higher disposable incomes has increased demand for premium and luxury vehicles. Improving living standards, the proliferation of innovative city initiatives, and a continuously expanding population have significantly contributed to the increased production and sales of passenger cars. While safety regulations exist in select Asia Pacific nations like Japan and South Korea, demand in these regions is projected to surge over the next five years.
Countries such as China is poised to implement stricter regulations concerning vehicle and road safety, particularly regarding the incorporation of Advanced Driver Assistance Systems (ADAS) in vehicles driven by the escalating population and demand for automobiles. China has made significant strides in advancing Advanced Driver Assistance Systems (ADAS) in recent years. Among the prominent ADAS system manufacturers in the country are Baidu Apollo, Momenta, Pony.ai, and Xpeng, as well as global entities like Bosch, Continental, and Aisin.
Several leading ADAS developers have established operations within China to cater to local Original Equipment Manufacturers (OEMs) such as BYD, Chery, FAW, and GAC. Notably, numerous Chinese enterprises like Baidu, Tencent, and Alibaba have invested substantially in the research and development of ADAS technology, encompassing autonomous driving and connected vehicles. Moreover, the Chinese government actively fosters ADAS development through supportive policies and regulations. For instance, The Chinese government issued safety guidelines for using autonomous vehicles in public transport, the latest in a series of measures preparing for the increased use of driverless cars in December 2023.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 425 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value in 2024 | 334 Million Units |
| Forecasted Market Value by 2030 | 655 Million Units |
| Compound Annual Growth Rate | 11.9% |
| Regions Covered | Global |
Key Topics Covered:
Executive Summary
- ADAS Market, by Region, 2024-2030 (Thousand Units)
- ADAS Market, by Offering 2024-2030 (USD Million)
- ADAS Market, by Hardware Component, 2024-2030 (USD Million)
Premium Insights
- Attractive Opportunities for Players in ADAS Market -Increasing Demand for Road Safety to Drive Market During Forecast Period
- ADAS Market, by Level of Autonomy - L1 to Hold Largest Market Share During Forecast Period
- ADAS Market, by Vehicle Type - Passenger Cars to Dominate Market During Forecast Period
- ADAS Market, by Electric Vehicle Type - HEVs Segment to Grow at Highest CAGR During Forecast Period
- ADAS Market, by System Type - Tire Pressure Monitoring Segment to Lead Market During Forecast Period
- ADAS Market, by Hardware Component - LiDAR Segment to Dominate Market During Forecast Period
- ADAS Market, by Offering - Hardware Segment to Dominate Market During Forecast Period
- ADAS Market, by Region - Asia-Pacific to Account for Largest Market Share in 2024
Key Market Dynamics
Drivers
- Increased Focus on Vehicle Safety
- ADAS-Driven Comfort and Safety Enhancements
- Surge in Premium Vehicle Demand
- Shift Toward Autonomous Vehicles
- Government Regulations and Safety Standards
Restraints
- Lack of Supportive Infrastructure
- Public Reception of Autonomous Vehicles
Opportunities
- Advancements in Autonomous Vehicle Technology
- 5G Integration in Automotive Networks
- Rising Incorporation of IoT
- Growing EV Sales
- Future of Autonomous Ridesharing
- Innovative LiDAR Technology by Key Startups
Challenges
- High Cost of ADAS Integration
- Addressing Reliability Issues of Sensors in ADAS
Case Study Analysis
- General Motors to Evaluate Safety Systems
- Momenta to Showcase Mpilot Parking
- Konrad Technologies to Conduct ADAS Sensor Package and Reliability Test
- Nvidia to Provide Open Av Development Platform for Autonomous Vehicles
- ZF to Release New AI-based Services for ADAS
- Renesas to Boost Deep Learning Development for ADAS and Automated Driving Applications
- Velodyne Sensors to Drive Autonomoustuff's Open Autonomy Pilot
- Robotic Research to Improve Transportation for Disabled People
- Autocruis Introduced AMD Soc-Powered ADAS and IMS for Cars
- Mercedes-Benz Used Ansys Optislang for ADAS Validation Through Reliable Analysis
Key Technologies
- Artificial Intelligence
- Sensor Fusion
- Autonomous Vehicles: Cybersecurity and Data Privacy
- Complementary Technologies
- Autonomous Vehicles and Vehicle Connectivity
- Vehicle-To-Cloud
- Vehicle-To-Pedestrian
- Vehicle-To-Infrastructure
- Vehicle-To-Vehicle
- Integration of IoT in Vehicles
- Cooperative Adaptive Cruise Control
- Cellular V2X
- Lte-V2X
- 5G-V2X
- Adjacent Technologies
- Automated Vehicles Reshaping Ride-Hailing
- Impact of Automation L2 on Ride-Hailing
- Impact of Automation L3 on Ride-Hailing
- Impact of Automation L4/L5 on Ride-Hailing
- Autonomous and Smart Solutions Connecting to Cloud
Companies Profiled
- Robert Bosch
- Continental
- ZF Friedrichshafen
- Denso
- Magna International
- Mobileye
- Aptiv
- Valeo
- Hyundai Mobis
- Nvidia
- NXP Semiconductors
- Autoliv
- Aisin Corporation
- Hitachi Automotive
- Renesas Electronics
- Infineon Technologies
- Ficosa International
- Hella
- Texas Instruments
- Samsung Electronics
- Voxx International
- Blackberry
- Microsemi
- Xilinx
- Imec
- Veoneer
- Panasonic Automotive Systems
For more information about this report visit https://www.researchandmarkets.com/r/364965
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