Advanced Driver Assistance System (ADAS) Market size was valued at US$ 29.80 Billion in 2023 and the total Advanced Driver Assistance System (ADAS) Market revenue is expected to grow at 16.5% through 2024 to 2030, reaching nearly US$ 86.79 Billion. 

Advanced Driver Assistance System (ADAS) Market Report Overview

Stellar Market Research published reports that help clients to understand the landscape of the Advanced Driver Assistance System (ADAS) Market that the client is competing in. The report gives insights about the market to help clients understand the demand for their product in the future and how competitive the Advanced Driver Assistance System (ADAS) is likely to be. The Advanced Driver Assistance System (ADAS) market overview gives thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc.

Advanced Driver Assistance System (ADAS) Market Report Scope and Research Methodology

The main aim of the report is to provide a complete analysis of the Advanced Driver Assistance System (ADAS) market in simple language including qualitative and quantitative data. It also provides an in-depth analysis of the latest trends in each segment from 2024-2030 with a comprehensive analysis of the Advanced Driver Assistance System (ADAS) market drivers, restraints, challenges and opportunities. The report covers all the main aspects of the Advanced Driver Assistance System (ADAS) market with an analysis of the value chain, PESTLE Analysis, Porter’s Five Forces model, market forecasts in terms of value competitive landscape, Key players benchmarking, market dynamics and future trends in the market.

The bottom-up approach was used to estimate the global and regional Advanced Driver Assistance System (ADAS) market size. The primary and secondary research methods were used to get the data and the data was gathered by using both methodologies to get accurate and error-free findings on the Advanced Driver Assistance System (ADAS) market. The primary research included interviews with industry participants, subject-matter experts, high-level executives of key market players, industry consultants and other experts. The secondary research includes data collection from the selected set of sources for the Advanced Driver Assistance System (ADAS) market report. The PESTLE analysis used in the report, aids in the development of company strategies in the Advanced Driver Assistance System (ADAS) industry. SWOT analysis was conducted to provide the strengths and weaknesses of the Advanced Driver Assistance System (ADAS) Market.

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Advanced Driver Assistance System (ADAS) Market Dynamics

The demand for safety features in vehicles, such as parking assistance, collision avoidance systems, and lane departure warnings, has been steadily increasing due to the rising number of road accidents globally. With approximately 1.25 million annual fatalities reported by the World Health Organization, there is a pressing need for enhanced safety measures on the roads. This demand is further fueled by the disproportionately high number of fatal accidents among teenagers. To address this issue, automotive companies are actively developing and implementing advanced driver assistance systems (ADAS) to detect and respond to specific objects on the road, alert drivers to hazardous conditions, and even autonomously slow down or stop vehicles when necessary.

Advanced Driver Assistance System (ADAS) Market Regional Insights

The Regional Analysis in the report helps to understand the Advanced Driver Assistance System (ADAS) market in various countries. Every region has different factors such as political, geographic, buying behavior, etc. which are affecting the Advanced Driver Assistance System (ADAS) market. Local development plans are often affected by the performance of Advanced Driver Assistance System (ADAS) market. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions covering North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Advanced Driver Assistance System (ADAS) Market Segmentation

by Vehicle type

Buses
Trucks
Passenger Car
Light Commercial Vehicle

by Sensor Type

• Infrared (IR) Sensor

• Radar Sensor

• Laser

• Image Sensor

• LiDAR Sensor

• Ultrasonic Sensor

by System Type

• Adaptive Cruise Control System

• Blind Spot Object Detection System

• Lane Departure Warning System

• Tire Pressure Monitoring System (TPMS)

• Drowsiness Monitor System

• Intelligent Parking Assist System (IPAS)

• Adaptive Front-lighting System

• Others

Advanced Driver Assistance System (ADAS) Market Key Players

• Valeo (France)

• Magna International (Canada)

• Hyundai Mobis (South Korea)

• Veoneer (Sweden)

• Robert Bosch (Germany)

• Continental AG (Germany)

• Denso (Japan)

• Aptiv (UK)

• ZF Friedrichshafen (Germany)

• Autoliv Inc. (Sweden)

• NXP Semiconductors (Netherlands)

• Panasonic Corporation (Japan)

• Renesas Electronics Corporation (Japan)

• Texas Instruments (USA)

• Delphi Automotive Company (USA)

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Key questions answered in the Advanced Driver Assistance System (ADAS) Market are:

• What is Advanced Driver Assistance System (ADAS)?

• What are the global trends in the Advanced Driver Assistance System (ADAS) Market?

• What are the factors contributing to the final price of Advanced Driver Assistance System (ADAS)?

• What are the recent industry trends that can be implemented to generate additional revenue streams for Advanced Driver Assistance System (ADAS) Market?

• How is the intervention from regulatory authority is shaping the Advanced Driver Assistance System (ADAS) Market?

• What growth strategies are the players considering to increase their presence in Advanced Driver Assistance System (ADAS) Market?

• Who held the largest market share in Advanced Driver Assistance System (ADAS) Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)

• Past Pricing and price curve by region (2018 to 2023)

• Market Size, Share, Size & Forecast by different segment | 2024−2030

• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region

• Market Segmentation – A detailed analysis by segment with their sub-segments and Region

• Competitive Landscape – Profiles of selected key players by region from a strategic perspective

  • Competitive landscape – Market Leaders, Market Followers, Regional player

  • Competitive benchmarking of key players by region

• PESTLE Analysis

• PORTER’s analysis

• Value chain and supply chain analysis

• Legal Aspects of business by region

• Lucrative business opportunities with SWOT analysis

• Recommendations

About Stellar Market Research

Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23% from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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