Advanced Driver Assistance Systems (ADAS) Market size worth $ 55.66 Billion, Globally, by 2030 at 10.8% CAGR: Verified Market Research®

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Jul 12, 2022, 11:15 ET

The growing demand for safety and driving comfort features is the crucial aspect of the rise in the market revenue of Advanced Driver Assistance Systems (ADAS) as well as the stringent vehicle safety regulations that will foster market growth.

JERSEY CITY, N.J., July 12, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Advanced Driver Assistance Systems (ADAS) Market" By System (Adaptive Cruise Control, Blind Spot Detection System), By Vehicle Type (Buses, Light Commercial Vehicles (LCVs)), By Electric Vehicle Type (Battery Electric Vehicle, Fuel Cell Electric Vehicle), and By Geography. According to Verified Market Research, the Advanced Driver Assistance Systems (ADAS) Market size was valued at USD 25.92 Billion in 2021 and is projected to reach USD 55.66 Billion by 2030, growing at a CAGR of 10.8% from 2022 to 2030.

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126 – Tables
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Global Advanced Driver Assistance Systems (ADAS) Market Overview

Companies in the advanced driver help Advanced Driver Assistance Systems (ADAS) Market are entering into collaborations to deploy mass adoption of ADAS options with a replacement efficient 3D (3 dimensional) surround read system designed for entry- and mid-range vehicles. By enabling 3D surround read safety capabilities, the new system helps automakers to deliver safe and a lot of advanced vehicles to a bigger variety of car customers, thereby contributing to a secure vehicle society. The new 3D surround read system is a vehicle camera system that provides a 360-degree position to help drivers while parking or playacting low-speed operations.

The increasing awareness regarding vehicle safety ratings and reducing part prices due to intensive utilization of cameras and radars is one of the drivers for the Advanced Driver Assistance Systems (ADAS) Market. Several OEMs are holding ADAS solutions to attain higher safety ratings to draw in a lot of customers. Hence, leading OEMs either standardize safety systems across the models or provide them as extra options. Thus, the increasing penetration of ADAS options can surge the demand for parts like cameras, radiolocation sensors, supersonic sensors, and measuring systems throughout the forecast amount.

Key Developments

January 2020: ZF Friedrichshafen launched ZF coASSIST, a Level 2+ automated driving system, which is its first step into the modular Level 2+ hardware and software suite and highlights ZF's capabilities as a full system supplier. From 2020, ZF will equip production vehicles with this new ZF system for a major Asian manufacturer.

Key Players

The major players in the market are Robert Bosch (US), Aptiv (UK), Continental (Germany), Denso (Japan), Hella (Germany), Intel (US), Magna (Canada), NVIDIA (Germany), Valeo (France), and ZF Friedrichshafen (Germany).

Verified Market Research has segmented the Global Advanced Driver Assistance Systems (ADAS) Market On the basis of System, Vehicle Type, Electric Vehicle Type, and Geography.

Advanced Driver Assistance Systems (ADAS) Market, By System

Adaptive Cruise Control
Blind Spot Detection System
Park Assistance
Others

Advanced Driver Assistance Systems (ADAS) Market, By Vehicle Type

Buses
Light Commercial Vehicles (LCVs)
Passenger Cars (PCs)
Trucks

Advanced Driver Assistance Systems (ADAS) Market, By Electric Vehicle Type

Battery Electric Vehicle
Fuel Cell Electric Vehicle
Hybrid Electric Vehicle
Plug-In Hybrid Electric Vehicle

Advanced Driver Assistance Systems (ADAS) Market, by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

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