Advanced Driver Assistance System Market Trends, Share, Demand, Revenue and Future Outlook
Advanced Driver Assistance System Market Growth, Size, Trends Analysis- By Type, By Technology, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2024 | Report ID: AMIN24252 | Pages: 1 - 263 | Formats*: |
| Category : Automotive & Transportation | |||
Advanced Driver Assistance System Market Introduction and Overview
According to SPER Market Research, the Global Advanced Driver Assistance System Market is estimated to reach USD 153.19 billion by 2033 with a CAGR of 14.58%.
The report includes an in-depth analysis of the Global Advanced Driver Assistance System Market, including market size and trends, product mix, applications, and supplier analysis. Advanced Driver Assistance Systems, or ADAS, are passive and active safety features intended to reduce human error in driving a variety of automobiles. Advanced technologies are used by ADAS systems to help drivers and enhance their performance while driving. A range of sensor technologies are used by ADAS to sense the surroundings of the car and then either inform the driver or take appropriate action.
- December 2023: The Skyland ADAS platform was installed in Lynk & Co.'s flagship SUV, the Lynk & Co. 08, by ECARX Holdings Inc., a worldwide mobility technology provider, in collaboration with Black Sesame Technologies and BlackBerry Limited. The Huashan II A1000 ADAS processing chip from Black Sesame Technologies and the BlackBerry QNX Neutrino Real-Time Operating System (RTOS) are integrated inside the ECARX Skyland Pro as part of this partnership.
- Continental AG declared in June 2023 that it will be developing affordable ADAS (Advanced Driver Assistance Systems) for Indian automobiles and motorcycles. The company wants to make cars safer and more reasonably priced in the Indian market.
Market Opportunities and Challenges
Opportunities- The market may be driven by the increasing production of automobiles with integrated ADAS features as a result of growing public awareness of passenger comfort and safety as well as government laws requiring safety features. Increased market growth is also a result of the growing acceptability of automated or self-driving cars. Rapid changes are also occurring in the dynamics of the global automotive sector. Mid-range cars are outfitted with standard parts that are made and built based on customer preferences. The market for automotive ADAS is also anticipated to expand as a result of a steady rise in demand for small and mid-sized cars with cutting-edge safety features. Furthermore, The emergence of autonomous vehicles is poised to transform transportation, as Advanced Driver Assistance Systems technologies streamline driving duties by including features such as emergency braking and lane monitoring. In order to navigate safely, driverless cars use cutting-edge technologies like LiDAR, radar, and high-definition cameras to collect data. Onboard autonomous systems then analyze this data.
Challenges- One major barrier to the broad implementation of Advanced Driver Assistance Systems (ADAS) is the absence of adequate infrastructure. Although advanced driver assistance systems (ADAS) have the potential to improve vehicle safety and efficiency, their efficacy is largely dependent on supporting infrastructure, especially road and communication networks. ADAS requires fundamental infrastructure, such as GPS connectivity, lane markers, and well delineated roadways, in order to function properly. V2V and V2X communications require a strong network infrastructure to function properly. Lane changes, object detection, vehicle distances, traffic updates, and navigation and connectivity services are all critical on roads, particularly for semi-autonomous and autonomous trucks.
Market Competitive Landscape
The Global Advanced Driver Assistance System Market is highly consolidated. Some of the market key players are Aisin Seiki Co. Ltd, Autoliv Inc., Continental AG, Delphi Automotive, DENSO Corporation, Hella KGAA Hueck & Co., Hyundai Mobis, Infineon Technologies, Magna International, Mobileye, Robert Bosch GmbH, Valeo SA, WABCO Vehicle Control Services, ZF Friedrichshafen AG.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Technology, By Vehicle Type. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | Aisin Seiki Co. Ltd, Autoliv Inc., Continental AG, Delphi Automotive, DENSO Corporation, Hella KGAA Hueck & Co., Hyundai Mobis, Infineon Technologies, Magna International, Mobileye, Robert Bosch GmbH, Valeo SA, WABCO Vehicle Control Services, ZF Friedrichshafen AG. |
COVID-19 Impact on Global Advanced Driver Assistance System Market
The global market for advanced driver assistance systems (ADAS) was greatly disrupted by the COVID-19 epidemic, both temporarily and permanently. Due to supply chain interruptions, decreased consumer demand, and factory closures, production slowed and car sales fell during the early stages of the epidemic. Due to budgetary limitations, manufacturers postponed investments in cutting-edge technologies, which had an impact on the adoption of ADAS technologies. However, the demand for ADAS systems increased when the automobile sector started to recover.
Key Target Audience:
- Automotive Manufacturers
- OEMs (Original Equipment Manufacturers)
- Tier 1 Suppliers
- Aftermarket Service Providers
- Technology Providers
- Regulatory Authorities
- Consumers
- Insurance Companies
- Fleet Operators
Our in-depth analysis of the Advanced Driver Assistance System Market includes the following segments:
| By Type: | |
| By Technology: | |
| By Vehicle Type: |
Key Topics Covered in the Report:
- Global Advanced Driver Assistance System Market Size (FY’2024-FY’2033)
- Overview of Global Advanced Driver Assistance System Market
- Segmentation of Global Advanced Driver Assistance System Market By Type (Adaptive Cruise Control, Adaptive Front-lighting, Advanced Automatic Emergency Braking Systems, Blind Spot Detection, Collision Warning, Driver Drowsiness Alerts, Lane Departure Warning, Night Vision Systems, Parking Assist Systems, Traffic Sign Recognition)
- Segmentation of Global Advanced Driver Assistance System Market By Technology (Radar, LiDAR, Camera)
- Segmentation of Global Advanced Driver Assistance System Market By Vehicle Type (Passenger Type, Commercial Vehicles)
- Segmentation of Global Advanced Driver Assistance System Market By Analytic Type (Predictive Analytics, Prescriptive Analytics, Diagnostic Analytic, Descriptive Analytics)
- Segmentation of Global Advanced Driver Assistance System Market By Vertical Outlook (BFSI, IT And Telecommunications, Retail And Consumer Goods, Healthcare And Lifesciences, Government And Public Sector, Media And Entertainment, Travel And Hospitality, Others)
- Statistical Snap of Global Advanced Driver Assistance System Market
- Expansion Analysis of Global Advanced Driver Assistance System Market
- Problems and Obstacles in Global Advanced Driver Assistance System Market
- Competitive Landscape in the Global Advanced Driver Assistance System Market
- Impact of COVID-19 and Demonetization on Global Advanced Driver Assistance System Market
- Details on Current Investment in Global Advanced Driver Assistance System Market
- Competitive Analysis of Global Advanced Driver Assistance System Market
- Prominent Players in the Global Advanced Driver Assistance System Market
- SWOT Analysis of Global Advanced Driver Assistance System Market
- Global Advanced Driver Assistance System Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Advanced Driver Assistance System Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Advanced Driver Assistance System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Advanced Driver Assistance System Market
7. Global Advanced Driver Assistance System Market, By Type (USD Million) 2020-2033
7.1. Global Advanced Driver Assistance System Market Size, Share and Forecast, By Type, 2020-20267.2. Global Advanced Driver Assistance System Market Size, Share and Forecast, By Type, 2027-20337.3. Adaptive Cruise Control7.4. Adaptive Front-lighting7.5. Advanced Automatic Emergency Braking Systems7.6. Blind Spot Detection7.7. Collision Warning7.8. Driver Drowsiness Alerts7.9. Lane Departure Warning7.10. Night Vision Systems7.11. Parking Assist Systems7.12. Traffic Sign Recognition
8. Global Advanced Driver Assistance System Market, By Technology (USD Million) 2020-2033
8.1. Global Advanced Driver Assistance System Market Size, Share and Forecast, By Technology, 2020-20268.2. Global Advanced Driver Assistance System Market Size, Share and Forecast, By Technology, 2027-20338.3. Radar8.4. LiDAR8.5. Camera
9. Global Advanced Driver Assistance System Market, By Vehicle Type (USD Million) 2020-2033
9.1. Global Advanced Driver Assistance System Market Size, Share and Forecast, By Vehicle Type, 2020-20269.2. Global Advanced Driver Assistance System Market Size, Share and Forecast, By Vehicle Type, 2027-20339.3. Passenger Type9.4. Commercial Vehicles
10. Global Advanced Driver Assistance System Market Forecast, 2020-2033 (USD Million)
10.1. Global Advanced Driver Assistance System Market Size and Market Share
11. Global Advanced Driver Assistance System Market, By Region, 2020-2033 (USD Million)
11.1. Global Advanced Driver Assistance System Market Size and Market Share By Region (2020-2026)11.2. Global Advanced Driver Assistance System Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific
11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe
11.5. Middle East and Africa
11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle-East and Africa
11.6. North America
11.6.1. Canada11.6.2. Mexico11.6.3. United States
11.7. Latin America
11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. Aisin Seiki Co. Ltd
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Autoliv Inc.
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Continental AG
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Delphi Automotive
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. DENSO Corporation
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Hella KGAA Hueck & Co.
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Hyundai Mobis
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. Infineon Technologies
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Magna International
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Mobileye
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Robert Bosch GmbH
12.11.1. Company details12.11.2. Financial outlook12.11.3. Product summary12.11.4. Recent developments
12.12. Valeo SA
12.12.1. Company details12.12.2. Financial outlook12.12.3. Product summary12.12.4. Recent developments
12.13. WABCO Vehicle Control Services
12.13.1. Company details12.13.2. Financial outlook12.13.3. Product summary12.13.4. Recent developments
12.14. ZF Friedrichshafen AG
12.14.1. Company details12.14.2. Financial outlook12.14.3. Product summary12.14.4. Recent developments
12.15. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Advanced Driver Assistance Systems, or ADAS, are passive and active safety features intended to reduce human error in driving a variety of automobiles. Advanced technologies are used by ADAS systems to help drivers and enhance their performance while driving.
Advanced Driver Assistance System Market is projected to reach USD 153.19 billion by 2033, growing at a CAGR of 14.58% during the forecast period.
Advanced Driver Assistance System Market grew in Market size from 2024. The Market is expected to reach USD 153.19 billion by 2033, at a CAGR of 14.58% during the forecast period.
Advanced Driver Assistance System Market CAGR of 14.58% during the forecast period.
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Advanced Driver Assistance System Market size is USD 153.19 billion from 2024 to 2033.
Advanced Driver Assistance System Market is covered By Type, By Technology, By Vehicle Type.
The North America is anticipated to have the highest Market share in the Advanced Driver Assistance System Market.
The key players in the Market include Companies Covered Aisin Seiki Co. Ltd, Autoliv Inc., Continental AG, Delphi Automotive, DENSO Corporation, Hella KGAA Hueck & Co., Hyundai Mobis, Infineon Technologies, Magna International, Mobileye, Robert Bosch GmbH, Valeo SA, WABCO Vehicle Control Services, ZF Friedrichshafen AG.
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