The Advanced Driver Assistance Systems (ADAS) Market Share is projected to reach an impressive 655 million units by 2030, reflecting significant growth driven by technological advancements and increasing demand for enhanced vehicle safety features. As consumers become more safety-conscious, automakers are incorporating ADAS technologies into their vehicles to meet regulatory requirements and consumer expectations. The ADAS market share is anticipated to expand rapidly, with features such as adaptive cruise control, lane-keeping assist, and automatic emergency braking becoming standard in new vehicles. This upward trend is supported by government initiatives promoting vehicle safety, encouraging manufacturers to invest in cutting-edge technologies.
Furthermore, the growing focus on autonomous driving technologies is significantly contributing to the rise in ADAS market share. As automakers and tech companies collaborate to develop self-driving capabilities, ADAS systems serve as foundational components for automation. The integration of advanced sensors, cameras, and artificial intelligence is paving the way for a new era of mobility, where vehicles can assist drivers and eventually operate autonomously. This shift is attracting substantial investments in research and development, further driving the growth of the ADAS market. As we approach 2030, the increasing adoption of these systems will solidify the ADAS market's position as a crucial segment within the automotive industry, significantly enhancing its market share.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1201
The application Software segment is estimated to exhibit the fastest growth in the global ADAS market.
Application software is expected to have significant growth opportunities in the automotive software market during the forecast period. This is attributed to the increasing sales of ADAS-equipped vehicles and the rising demand for connected technologies. Enterprises such as Honda Motor Co., Ltd. (Japan), Toyota Motor Corporation (Japan), Mahindra & Mahindra Limited (India), BYD (China), and MG Motor (UK), among others, provide Advanced Driver Assistance Systems (ADAS) functionalities. These functionalities encompass adaptive cruise control, lane-keeping assist, lane departure warning, automatic emergency braking, traffic sign recognition, blind-spot detection, and rear collision warning. The effective operation of these features mandates that application software be capable of functioning efficiently within a real-time environment. In India, automotive Original Equipment Manufacturers (OEMs) such as Mahindra & Mahindra Limited and Morris Garages offer Advanced Driver Assistance Systems (ADAS) functionalities. These include adaptive cruise control with stop-and-go functionality, lane-keep assist, and traffic sign recognition.
Camera Unit segment is expected to see substantial growth in Advanced Driver Assistance Systems Market during the forecast period.
A camera unit is used in intelligent park assist, pedestrian detection systems, lane departure warning systems, blind-spot monitoring systems, and others. Camera-based systems are commonly deployed in a car's front, side, and rear to provide driving and parking assistance. Front camera systems are most widely mounted behind the rear-view mirror; rear cameras are mounted near the rear license number plate, while side cameras are mounted adjacent to the mirrors on both sides. The primary function of an ADAS front camera (FC) system is to identify and capture images of specified objects, including pedestrians, other vehicles, and similar entities. This system encompasses a lens, sensors responsible for image capture, and an embedded processor chip designed to identify the objects of interest. The heightened awareness of safety among consumers may positively influence the demand for camera units. Side-view, rear-view, and wing-mirror cameras are extensively integrated into automotive systems, with increasing adoption observed in mid-segment and premium vehicles.
The European Advanced Driver Assistance Systems Market is projected to grow fastest by 2030.
Europe is estimated to be the fastest Advanced Driver Assistance Systems Market by 2030. Despite the recent global automotive slowdown, the European automotive market has consistently grown over the past six years. This was evident in January 2024, when the European Union's new car market rebounded with a robust 12.1% year-on-year increase in car registrations, totaling 851,690 units, following a slowdown in December 2023. Leading European automotive manufacturers have offered high-performance engines and advanced safety features to maintain competitiveness. Sales of passenger cars by major automakers such as the Volkswagen Group, Mercedes-Benz, Renault, Hyundai, BMW, Toyota, and Stellantis have fueled demand for ADAS-enabled vehicles in the region.
Key Players
The ADAS market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso (Japan), and Magna International (Canada), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
Request Free Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1201
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
sales@marketsandmarkets.com