Advanced Driver Assistance Systems Market Size Overview
The advanced driver assistance systems market has a wide range of active and passive systems designed to assist the driver by providing comfort, safety, and efficiency while driving. It promotes the safety of the driver, pedestrian, and passenger. It has multiple features like sensors, cameras, radars, and software that helps in function. The emergency braking, park assist, adaptive cruise control, blindspot detection, and lane warning departure system are a few systems included in the ADAS.
Artificial intelligence has taken the advanced driver assistance system market to the next level. The expansion in industrialization and urbanization, rise in disposable income, and improving living standards are impacting the advance driver assistance system market Size positively during the predicted period. The global Advanced Driver Assistance Systems (ADAS) Market is estimated to grow from $27.52 billion in 2021 to $58.59 billion in 2028 at a CAGR of 10%. The global pandemic Covid-19 has been unusually shocking and unexpected, with clear aligners witnessing a negative stock demand across the regions. The covid crisis started disruption in the supply chain and suspension of vehicle production, which brought a halt in the automotive industry. This is a result the market went to the decline phase in 2020.
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Advanced Driver Assistance Systems Market Size Key Players
- ZF Friedrichshafen AG
- Hitachi Ltd.
- HELLA KGaA Hueck Co
- Magna International Inc
- Continental AG
- Panasonic Corporation
- DENSO CORPORATION
- Delphi Automotive LLP
- Robert Bosch Automotive Steering GmbH
Advanced Driver Assistance Systems Market Size Regional analysis
The Asia Pacific is estimated to dominate the Advanced Driver Assistance Systems Market Size due to the high production of vehicles. The market in the Asia Pacific reached USD 11.37 billion in 2020 and is expected to grow the largest market share in the upcoming years. The technological advancements in manufacturing plants in China, India, and others are expected to boost their market development.
Europe is mostly predicted to hold the second-largest market share because of the imposition of stringent emission regulations. This is the factor expected to boost product adoption, which helps in the growth and development of the Europe market. In North America, the fastest advanced driver assistance systems, adoption and the presence of prominent manufacturing companies are expected to uplift market development.
Advanced Driver Assistance Systems Market segmentation
The advance driver assistance system market is segmented under the following components:-
- By system type
- Adaptive cruise control
- Blind spot detection
- Park assists
- Lane departure warning system.
- Autonomous emergency braking
- Tire pressure monitoring
- Head-up display
- Intelligent headlight
- E-call system
- Forward collision warning
- By component type
- By vehicle type
- Passenger cars
- Light commercial vehicles (LCV)
- Heavy commercial vehicles (HCV)
- By geography
- North America:- U.S. (by vehicle type), Canada, Mexico, Europe, U.K, Germany, France
- Asia Pacific:- China, India, Japan, South Korea
- Rest of the World:- Brazil, South Africa, other in a row.
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Advanced Driver Assistance Systems Industry news
- Global advanced driver assistance systemmarket assessed to grow with a note way rate during 2020-2027.
- Euro NCAP tests will soon include scoring of driver assistance systems, and Thatcham Research, the U.K.’s only Euro NCAP accredited partner, is leading the research.
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