NEW YORK, US, March 22, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Advanced Driver Assistance Systems (ADAS) Market By System Type (Adaptive Cruise Control, Blind Spot Detection, Park Assist, Lane Departure Warning System, Autonomous Emergency Braking, Tire Pressure Monitoring, Heads-up Display, Intelligent Headlights, Forward Collision Warning E-Call System, Night Vision System, & Pedestrian Detection System), By Component Type (LiDAR, Radar, Camera, Laser, & Sensor), By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCV), & Heavy Commercial Vehicle (HCV)), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2022 - 2028” in its research database.
“According to the latest research study, the demand of global Advanced Driver Assistance Systems (ADAS) Market size & share was valued at USD 28.45 billion in 2021 and is estimated to grow around USD 60.54 billion by 2028, at a compound annual growth rate (CAGR) of about 10.2% during the forecast period 2021 to 2028.”
What is ADAS? How big is the Advanced Driver Assistance Systems (ADAS) Market?
- Market Overview:
ADAS systems are a set of hardware and software-related services that provide drivers an enhanced sense of assistance that further help them in parking and driving processes. Features such as automated lighting, adaptive cruise control, obstacle avoidance driving systems, and lane departure assistance are some features that ADAS can achieve. The primary driving factors that are responsible for the growth of the ADAS market are the rising automotive sector and technological advances to name a few. Furthermore, factors such as rising urbanization, expanding industrialization, increased standard of living, and rising trend of autonomous vehicles will expand the growth of the ADAS market during the forecast.
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Our Free Sample Report Includes:
- 2022 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 195+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Competitive Players
- Continental AG
- Harman International
- Robert Bosch GmbH
- AVL GmbH
- Gentex Corporation
- Hyundai Mobis
- NPX Semiconductor
- Mobileye N.V.
- Autoliv Inc.
- Panasonic Corporation
- Magna International Inc.
- Aisin Seiki Co. Ltd
- Jayson Electronics
- DENSO Corporation
- Renesas Electronics Corporation
- Valeo SA
Key questions answered in this report:
- What is the size of the Advanced Driver Assistance Systems (ADAS) market and what is its expected growth rate?
- What are the primary driving factors that push the Advanced Driver Assistance Systems (ADAS) Market forward?
- What are the Advanced Driver Assistance Systems (ADAS) Industry's top companies?
- What are the different categories that the Advanced Driver Assistance Systems (ADAS) Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Advanced Driver Assistance Systems (ADAS) Market sample report and company profiles?
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ADAS Market: Growth Factors
- A rise in per-capita income among consumers
Rising features such as autonomous emergency braking, lane warning departure systems, parking assist, adaptive cruise control systems, and autonomous lighting and windshield sensors to name a few will increase the footprint of the global ADAS market. A rise in per-capita income among consumers and an increasing prevalence of premium and luxurious features in their automobiles will further propel the growth of the global ADAS market.
Increasing stringent restrictions by various government bodies across the world are imposing stricter laws regarding passenger safety onto car manufacturers. Rise in the automotive industry coupled with rising government initiatives to adopt advanced technologies, develop increasingly structured safety features, and a rising trend of adopting autonomous vehicles by government and consumers alike will open new market revenue for the global ADAD market during the forecast period. A rise in per-capita spending power per consumer among the developing economies coupled with increasing demand among consumers for premium and luxurious features in their automobiles will strengthen the footprint of the global ADAS market during the forecast timeframe. However, high initial costs and rising malfunctioning components can hamper the growth of the global ADAS market to a certain extent.
Key Insights & Findings from the report:
- As per the analysis shared by our primary respondents, the Advanced Driver Assistance Systems (ADAS) market is expected to grow at a 10.2% CAGR.
- The Advanced Driver Assistance Systems (ADAS) market was estimated to be worth roughly USD 28.45 billion in 2021 and is likely to exceed USD 60.54 billion by 2028 based on primary research findings.
- The sensor category is expected to witness the largest market share during the advent of the forecast owing to the rising demand and usage of autonomous vehicles.
- Recent trends indicate that various government bodies across the world are expected to spend a surplus of funds in the automotive industry.
- This is due to growing automotive sales and production as well as greater acceptance of electric vehicles in nations like China and Japan.
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ADAS Industry: Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 28.45 Billion |
| Projected Market Size in 2028 | USD 60.54 Billion |
| CAGR Growth Rate | 10.2% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | Continental AG, Harman International, Robert Bosch GmbH, AVL GmbH, Gentex Corporation, Hyundai Mobis, NPX Semiconductor, Mobileye N.V., Autoliv, Inc., Panasonic Corporation, Magna International, Inc., Aisin Seiki Co. Ltd, Jayson Electronics, DENSO Corporation, Renesas Electronics Corporation, and Valeo SA among others. |
| Key Segment | By System Type, Component Type, Vehicle Type, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
ADAS Market: Segmentation
The global advanced driver assistance systems (ADAS) market can be segmented into system type, component type, vehicle type, and region.
- Park assist system is expected to witness the largest market share during the forecast timeframe
The global ADAS market can be divided into adaptive cruise control, blind-spot detection, park assist, lane departure warning system, autonomous emergency braking, tire pressure monitoring, heads-up display, intelligent headlights, forward collision warning e-call system, night vision system, and pedestrian detection system on the basis of type. The park assist system is expected to occupy the largest market share during the advent of the forecast owing to low cost, easy installation solution, and wider application base compared to its counterparts.
- The passenger cars category is expected to witness the largest market share
The global ADAS market can be broken down into passenger cars, light commercial vehicles (LCV), heavy commercial vehicles (HCV) on the basis of vehicle type. The passenger car segment is expected to witness the largest market share during the forecast owing to increased urbanization, rising demographic growth, and a rise in disposable income during the forecast. The rising trend of the adoption of autonomous vehicles will drive the sale of the ADAS market.
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Regional Dominance:
- Asia-Pacific Is Expected To Witness The Largest Market Share During The Forecast Period
Asia-Pacific is expected to witness the largest market share during the advent of the forecast owing to a surge of the automobile sector in the region. Additional factors credited with the dominant rise of the ADAS market during the forecast are the presence of key players and increased adoption of electric vehicles among emerging economies in countries such as China and Japan. Europe will occupy the second largest market share during the forecast in terms of global revenue contribution.
Key Offerings:
- Market Size, Share, Trends, & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by System Type, Component Type, Vehicle Type, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Browse the full “Advanced Driver Assistance Systems (ADAS) Market - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2022 - 2028” Report at https://www.fnfresearch.com/advanced-driver-assistance-systems-market
The global ADAS market can be segmented into:
By System Type Segment Analysis
- Adaptive Cruise Control
- Blind Spot Detection
- Park Assist
- Lane Departure Warning System
- Autonomous Emergency Braking
- Tire Pressure Monitoring
- Heads-up Display
- Intelligent Headlights
- Forward Collision Warning E-Call System
- Night Vision System
- Pedestrian Detection System
By Component Type Segment Analysis
- LiDAR
- Radar
- Camera
- Laser
- Sensor
By Vehicle Type Segment Analysis
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicle (HCV)
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