Global Advanced Driver Assistance Systems (ADAS) Market Overview And Prospects – Includes Advanced Driver Assistance Systems (ADAS) Market Size
Learn about the global advanced driver assistance systems (ADAS) market through The Business Research Company, which provides information on ADAS market size, ADAS market drivers and restraints, ADAS market players, the COVID-19 impact on the ADAS market, and more.
The global advanced driver assistance systems market size is expected to grow from $26.99 billion in 2021 to $31.36 billion in 2022 at a compound annual growth rate (CAGR) of 16.17%. The global ADAS market size is expected to reach $57.77 billion in 2026 at a CAGR of 16.51%.
The increasing government regulations for mandatory ADAS implementation in vehicles are propelling the advanced driver assistance systems market.
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The ADAS market consists of sales of ADAS and related services by entities (organizations, sole traders, and partnerships) that refers to passive or active electronic systems designed to reduce human error component during the operations of vehicles. These systems utilize a wide range of technologies to assist the driver during driving and improve driving performance. Sensors such as radar and cameras are used to provide information to the driver or to take automatic action which prevents injuries and deaths caused by car accidents.
Global ADAS Market Segments Include:
By System Type: Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System, Intelligent Parking Assist System (IPAS), Adaptive Cruise Control System, Blind Spot Object Detection System, Lane Departure Warning System, Adaptive Front-Lighting System, Others
By Offering: Hardware, Software
By Vehicle Type: Passenger Car, Light Commercial Vehicle, Buses, Trucks
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the ADAS market in 2021.
Technological advancements are a key trend gaining popularity in the ADAS market. Major companies operating in the ADAS market are focused on developing new technological solutions to strengthen their position through the implementation of next-generation ADAS technologies into their products such as sensor fusion, embedded vision, HMI, software infrastructure, and autosar.
TBRC’s ADAS Market Report Covers:
Major Market Players: Continental AG, Denso, Magna International, Robert Bosch, NXP Semiconductors, Panasonic, Renesas Electronics, Texas Instruments, Hyundai Mobis, ZF Friedrichshafen, Mobileye, Autoliv Inc, Nvidia, Hitachi, and TRW Automotive Holdings Corp.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Advanced Driver Assistance Systems (ADAS) Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides advanced driver assistance systems (ADAS) market overviews, analyzes and forecasts market size, share, ADAS market players, ADAS market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s ADAS market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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