ADAS Market was valued at USD 30 Billion in 2022 and is projected to reach USD 85 Billion by 2030, growing at a CAGR of 15% from 2024 to 2030.
The Advanced Driver Assistance Systems (ADAS) market was valued at approximately USD 29 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 16.8% from 2023 to 2030. This growth is driven by the increasing demand for safety and comfort in vehicles, government regulations mandating the use of safety systems, and advancements in sensor technologies. The global automotive sector has witnessed a significant shift towards automation, leading to the integration of ADAS features such as lane departure warning, adaptive cruise control, and automatic emergency braking in vehicles. Furthermore, the growing adoption of electric vehicles (EVs) is fueling the demand for ADAS, as manufacturers focus on delivering enhanced safety features for EVs.The ADAS market offers substantial growth opportunities in emerging economies, particularly in Asia-Pacific and Latin America, where the automotive industry is rapidly evolving. These regions are experiencing increased vehicle production and sales, creating a favorable environment for ADAS adoption. In addition, the rise of autonomous driving technology is expected to accelerate ADAS deployment across various vehicle segments. The increasing investment in infrastructure, coupled with advancements in AI, machine learning, and sensor technologies, is further boosting the market's growth potential. Moreover, the development of cost-effective ADAS solutions for mid-range and budget vehicles is expected to open new avenues for market players in the coming years.
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Aisin Seiki
Autoliv
Bosch
Continental
Delphi Automotive
Denso
Freescale Semiconductors
Gentex
Harman International
Hella
Hyundai Mobis
Magna International
Mobileye
NVIDIA
Panasonic
Joyson Safety Systems
Texas Instruments
TRW Automotive
Valeo
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global ADAS Market
PC
LCV
Buses
Trucks
Based on Types the Market is categorized into Below types that held the largest ADAS market share In 2023.
Hardware
Software
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global ADAS Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global ADAS Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global ADAS Market, By Type
6. Global ADAS Market, By Application
7. Global ADAS Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global ADAS Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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