The global advanced driver assistance systems (ADAS) market is anticipated to grow at a CAGR of 10.5% during the forecast period (2022-2028). The ADAS market is growing due to factors such as rising demand for safety features and increased need for comfort while driving. Additionally, the industry is expected to rise due to strict safety norms and regulations. Due to an increase in the number of road accidents globally, safety features are in high demand. Vehicles equipped with an ADAS system may identify and classify certain objects on the road, inform the driver based on road conditions, and occasionally even decelerate or stop the vehicle autonomously. The number of people killed in car accidents has risen significantly. According to the World Health Organization, approximately 1.25 million people die each year in traffic accidents. Teenagers are also more likely to die as a result of traffic-related injuries. As a result of these issues, automobile safety features are becoming increasingly popular.
Moreover, to suit the expectations of customers, automobile manufacturers are inventing and adopting safety features. For instance, in September 2021, Continental AG and Beijing Horizon Robotics Technology R&D Co., Ltd., announced a Joint Venture (JV) deal. The JV is focused on offering integrated software and hardware solutions for advanced driver assistance systems and autonomous driving. Additionally, in January 2022, Aptiv PLC launched a next-generation ADAS for autonomous and electric vehicles. Aptiv’s scalable design will help to minimize the cost of software-driven automobiles.
In this market, the sensor category is expected to increase significantly. Continuous data inputs from the surrounding vehicle produced by the sensors are required for driver assistance systems and autonomous vehicle operations. Everything is detected by the sensors, from the visible to the unseen or unobserved. A large number of sensors are embedded in various regions of the vehicle, allowing the ADAS to monitor correctly and function swiftly. Semiconductors provide highly sophisticated integrated circuits (ICs) that incorporate sensor signal chains that are necessary for conditioning and processing data.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By System Type
- By Sensor Type
- By Vehicle Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Autoliv Inc., Continental AG, Denso Corporation, Delphi Automotive PLC, Robert Bosch GmbH, among others.
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Global Advanced Driver Assistance Systems Market Report by Segment
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 Sensor Type
- Image Sensor
- Lidar Sensor
- Ultrasonic Sensor
- Infrared (IR) Sensor
- Radar Sensor
- Laser
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Buses
- Trucks
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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