Us ADAS Device/Components Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
ADAS Device/Components Market was valued at USD 30 Billion in 2022 and is projected to reach USD 65 Billion by 2030, growing at a CAGR of 12% from 2024 to 2030.
The US ADAS (Advanced Driver Assistance Systems) device/components market is growing at an unprecedented rate, driven by the increasing demand for automotive safety and technological innovations. These systems, which include features like automatic emergency braking, lane-keeping assist, adaptive cruise control, and parking assistance, have become essential components in modern vehicles. As vehicle safety standards continue to evolve, automakers and suppliers are investing heavily in ADAS technologies to meet regulatory requirements and consumer expectations.
The market for ADAS devices and components is expected to reach significant milestones over the coming years. In fact, the adoption of ADAS technologies is accelerating due to rising consumer awareness of vehicle safety, along with advancements in sensor technologies such as LiDAR, radar, and cameras. These technologies enable vehicles to interpret and react to their environment, enhancing both safety and driver experience.
One of the major driving factors for the market is the increasing demand for electric vehicles (EVs), which often come equipped with cutting-edge ADAS features as standard. Moreover, regulatory pressures are also playing a critical role, with governments mandating safety features like collision avoidance and automatic emergency braking. The trend toward autonomous vehicles is also pushing ADAS innovation, as these systems serve as the foundational technologies for self-driving cars.
Another compelling factor is the rise in consumer expectations. As drivers become accustomed to more intuitive and automated technologies in their everyday lives, they are increasingly looking for similar features in their vehicles. This shift in consumer demand is forcing automakers to invest in ADAS systems that are both reliable and advanced.
Furthermore, the ADAS market is benefiting from collaborations between tech companies and traditional automakers. These partnerships are paving the way for the integration of sophisticated technologies that can improve not only safety but also convenience and driving efficiency. The market is also seeing the emergence of aftermarket ADAS solutions, which are gaining popularity due to their cost-effectiveness and the increasing number of vehicles that require retrofitting of safety features.
In parallel, other sectors like the "100 Gigabit Fiber Optic Transceiver Market" are also advancing with innovations that contribute to the overall tech ecosystem, indirectly influencing ADAS developments by providing better communication networks for vehicle-to-vehicle and vehicle-to-infrastructure connectivity. As these technologies evolve, the future of ADAS looks promising, with continual improvements expected in safety, connectivity, and overall vehicle performance.
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ZF Friedrichshafen AG
Velodyne LiDAR
Magna International Inc.
LeddarTech
NVIDIA Corporation
Robert Bosch GmbH
Continental AG
Delphi Automotive PLC
Denso Corporation
Infineon Technologies AG
Mobileye N.V.
Analog Devices
Inc.
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 Device/Components Market
Radar Sensors
Lidar Sensors
Camera Systems
Ultrasonic Sensors
Inertial Measurement Units (IMUs)
Adaptive Cruise Control (ACC)
Automatic Emergency Braking (AEB)
Lane Departure Warning (LDW)
Lane Keeping Assist (LKA)
Traffic Jam Assistance
Passenger Cars
Commercial Vehicles
Electric Vehicles (EVs)
Luxury Vehicles
Heavy-Duty Trucks
Connectivity (V2X - Vehicle-to-Everything)
Artificial Intelligence (AI)
Machine Learning Algorithms
Cloud-Based Solutions
Edge Computing
OEMs (Original Equipment Manufacturers)
Tier 1 Suppliers
Fleet Operators
Aftermarket Service Providers
Transportation and Logistics Companies
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 Device/Components 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 Device/Components Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global ADAS Device/Components Market, By Type
6. Global ADAS Device/Components Market, By Application
7. Global ADAS Device/Components Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global ADAS Device/Components Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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