Advanced Driver Assistance Systems Market – Size, Outlook, Trends and Forecast (2024

Advanced Driver Assistance Systems Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Advanced Driver Assist Systems are developed to enhance the vehicle driving system for the safety of passengers. Driving Assist Systems are designed to avoid collisions at this moment gives an alert signal through a sensor medium based on the calculations of distance between the vehicles. Today’s Driving Assistance Systems are fully automated and adopting to provide cruise control, automatic lighting, automatic braking system, 4-Wheel Drive, incorporating advanced GPS technology, car driving systems being flexible with smartphones, Showing the driver the blind spots, keeping the driver in the same lane.

Advanced Driver Assistance Systems (ADAS) Market Size & Growth :

Advanced Driver Assistance Systems (ADAS) Market size is projected to reach approximately USD 52.23 Billion by the end of 2024 with a CAGR of close to 10.28% from USD 41.01 Billion in 2017 during the forecast timeline 2018-2024. Increased focus on the safety of the consumer, need for comfort driving in premium vehicles, and the strict rules and regulations made by the government for the safety of property and life’s are boosting the Driver Assistance Systems Market. High product and installation costs, complexity in the design of the system followed by a trial and error method to make sure the system is perfectly installed consume more money, and less efficiency in the functionality of the system due to the bad and overcast weather which may interrupt the signals, the mode of communication. These all factors will restrain the market growth. So to make the market in streamline the advanced driver assistance systems companies are integrating the car with all possible electronic system to deploy the ADAS in low-cost cars. Every automobile companies are adopting multifunctional systems which is an emerging opportunity for the Advanced

Advanced Driver Assistance Systems Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Driver Assistance Market. Every technology ever existed in this world has both advantages and disadvantages, security threats for the installed systems can be hacked which led to the security issues for the premium and exotic vehicles is the main disadvantage. And maintaining the equilibrium state between the cost and the quality is the major concern in the market.

Advanced Driver Assistance Systems (ADAS) Market Report Segments Share:

By Sensor Technology, the Advanced Driver Assistance Systems Market is segmented into Radar Sensor, Image Sensor, Camera Sensor, Ultrasonic Sensor, Infrared Sensor, Lidar Sensor. Among these sub-segments, camera sensors possess high growth potential because of the immense use of ADAS in various applications in modern automobile industries. Park Assist Systems drowsiness-monitoring and lane departure warning are some applications that contribute to the ADAS Market Share. Simultaneously Lidar Sensors is expected to gain a high grip on the market because of its importance in the automation of vehicles. When it comes to the System Type the Advanced Driver Assistance Systems Market is segmented into Tire pressure monitoring system (TPMS), Drowsiness monitor system, Intelligent parking assists system (IPAS), Adaptive cruise control system, Blind spot object detection system, Lane departure warning system, Adaptive front-lighting system, Others (night vision system and driver monitoring system). There is an increase in demand for the night vision and blind spot detection. The ADAS Market is segmented by Geography which includes Asia Pacific, Middle East and Africa, South America, Latin America, Europe. Asia Pacific region is expected to register the highest compound annual growth rate (CAGR) during the forecasting period. Countries including South Korea, Japan impose strict rules and regulations as compared to Europe and North America which increases the market growth in Asia

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Advanced Driver Assistance Systems Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Pacific region. Improving social-economic conditions in the countries like India, Thailand, and Indonesia is drifting the market growth as there is rising demand for the premium segment passenger cars.

Advanced Driver Assistance Systems (ADAS) Market Report Trends:

On January 10^th,2018 Continental added a further safety level by making Safety Domain Control Unit as Fallback Path in Automated Driving in the form of a specific electronics architecture
On December 18, 2017, Magna International Inc. Collaborates with New Chinese Automaker NIO on new-energy vehicles.

Advanced Driver Assistance Systems (ADAS) Market Report Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Global and Regional Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players, such as

Continental AG
Denso Corporation
Delphi Automotive PLC
Robert Bosch GmbH
Autoliv Inc.
Magna International Inc.

Along with these companies, there were many other companies considered/cited in the report while analysing the Advanced Driver Assistance Systems (ADAS) Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base

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