The Worldwide Advanced Driver Assistance Systems Industry is Expected to Reach $74.5 Billion by 2030

DUBLIN, Feb. 20, 2023 /PRNewswire/ -- The "Advanced Driver Assistance Systems Market by Component, by Level of Autonomy, by System Type, by Vehicle Type - Global Opportunity Analysis and Industry Forecast, 2022 - 2030" report has been added to  ResearchAndMarkets.com's offering.

The Advanced driver assistance system (ADAS) Market size was valued at USD 20.73 billion in 2021 and is predicted to reach USD 74.57 billion by 2030 with a CAGR of 14.2% during the forecast period from 2022 to 2030.

Increasing demand of ADAS is mainly due to the rising demand for safety and driving comfort features along with upsurge in demand for luxury vehicles. Also, increased adoption of integrated radar and camera systems for ADAS application drives the growth of the ADAS market.

For instance, in 2021 Robert Bosch Investment, Ltd. developed an automated valet parking with Hycan Automobile Technology. This technology was installed in Hycan Z03. When the driver activates the automated valet parking function on the smartphone, the vehicle will automatically drive to the parking lot as commanded and park at the designated location by accurately identifying the direction while avoiding obstacles.

The automated valet parking technology is categorized under Level-4 autonomous driving. In addition, growing disposable income, economic stability, and rising preference for materialistic lifestyles are driving the sales of luxury vehicles worldwide. This, in turn, boosts the growth of the ADAS market.

The Asia Pacific market is projected to hold the lion share by 2030.

Asia-Pacific region holds the lion's share of the global ADAS market at present, and is expected to drive the market during the forecast period. This is attributed to the factors such as increasing competition among ADAS manufacturers along with rise in per capita income in this region.

Also, rising developments in connected infrastructure and intelligent transportation system are driving the market growth. Also, the presence of several ADAS market players such as Valeo, Hitachi, Ltd., Robert Bosch GmbH, Continental AG, Toyota Motor Corporation, Denso Corporation, Audi AG, BMW AG, Ford Motors, and General Motors (GM) further drive the market growth in this region.

Recent Developments

May 2022 Continental launched new sensors to protect the battery of electrified vehicles. Continental is widening its broad sensor portfolio by launching two new sensors for electrified vehicles: the Current Sensor Module (CSM) and the Battery Impact Detection (BID) system.

May 2022 Magna and BlackBerry collaborate on ADAS. As part of the agreement, BlackBerry will provide Magna with QNX software including the QNX Software Development Platform, QNX OS for Safety, QNX Platform for ADAS, as well as professional engineering services for system-level integration, performance optimization, and solution validation

May 2022 Magna's advanced driver assist systems (ADAS) are helping pave the way for global automakers to enhance safety, comfort and convenience. The company's next generation cameras and electronic control units which enable the benefits of 3D and surround view have recently launched on the all-new 2022 Toyota Tundra

March 2022 Renesas announced the expansion of its collaboration with Honda in the field of advanced driver-assistance systems (ADAS). Honda adopted Renesas' R-Car automotive system on a chip (SoC) and RH850 automotive MCU for its Honda SENSING Elite system featured in the Legend, which went on sale in March 2021. Honda SENSING Elite incorporates advanced technology that qualifies for Level 3 automated driving

Key Topics Covered:

1. Introduction

2. Advanced Driver Assistance Systems (ADAS) Market - Executive Summary

3. Market Overview
3.1. Market Definition and Scope
3.2. Market Dynamics
3.2.1 Drivers
3.2.1.1. Advancements in Advanced Driver Assistance Systems (ADAS) Technology and Demand for Safety Features
3.2.1.2. Several Strict Rules and Regulations by Different Countries Regarding Safety
3.2.1.3. Adoption of Integrated Radar and Camera Systems for Advanced Driver Assistance Systems (ADAS) Applications
3.2.2 Restraints
3.2.2.1. High Installation Costs of Advanced Driver Assistance Systems (ADAS) System
3.2.2.2. Scarcity of Semiconductor Chips Across the World
3.2.3 Opportunities
3.2.3.1. Rising Demand for Electric Vehicles

4. Market Share Analysis
4.1. Market Share Analysis of Top Advanced Driver Assistance Systems (ADAS) Providers, 2021

5. Global Advanced Driver Assistance Systems (ADAS) Market, by Component
5.1. Overview
5.2. Sensor
5.2.1 Global Sensor Market, by Component
5.2.1.1. Image Sensor/Camera Market, by Region
5.2.1.2. Lidar Sensor Market, by Region
5.2.1.3. Radar Sensor Market, by Region
5.2.1.4. Ultrasonic Sensor Market, by Region
5.2.1.5. Infrared (Ir) Sensor Market, by Region
5.2.1.6. Laser Market, by Region
5.2.2 Sensor Market, by Region
5.3. Processor
5.3.1 Processor Market, by Region
5.4. Software
5.4.1 Software Market, by Region
5.5. Others
5.5.1 Others Market, by Region

6. Global Advanced Driver Assistance Systems (ADAS) Market, by Level of Autonomy
6.1. Overview
6.2. L1
6.2.1 L1 Market, by Region
6.3. L2
6.3.1 L2 Market, by Region
6.4. L3
6.4.1 L3 Market, by Region
6.5. L4
6.5.1 L4 Market, by Region
6.6. L5
6.6.1 L5 Market, by Region

7. Global Advanced Driver Assistance Systems (ADAS) Market, by System Type
7.1. Overview
7.2. Adaptive Cruise Control (Acc)
7.2.1 Adaptive Cruise Control (Acc) Market, by Region
7.3. Lane Departure Warning System (Ldws)
7.3.1 Lane Departure Warning System (Ldws) Market, by Region
7.4. Forward Collision Warning (Fcw)
7.4.1 Forward Collision Warning (Fcw) Market, by Region
7.5. Tire Pressure Monitoring System (Tpms)
7.5.1 Tire Pressure Monitoring System (Tpms) Market, by Region
7.6. Intelligent Parking Assist System (Ipas)
7.6.1 Intelligent Parking Assist System (Ipas) Market, by Region
7.7. Adaptive Front Light (Afl)
7.7.1 Adaptive Front Light (Afl) Market, by Region
7.8. Driver Monitoring System (Dms)
7.8.1 Driver Monitoring System (Dms) Market, by Region
7.9. Automatic Emergency Braking System (Aebs)
7.9.1 Automatic Emergency Braking System (Aebs) Market, by Region
7.10. Blind Spot Detection (Bsd)
7.10.1 Blind Spot Detection (Bsd) Market, by Region
7.11. Pedestrian Detection System
7.11.1 Pedestrian Detection System Market, by Region
7.12. Traffic Jam Assist System (Tjas)
7.12.1 Traffic Jam Assist System (Tjas) Market, by Region
7.13. Cross Traffic Alert (Cta)
7.13.1 Cross Traffic Alert (Cta) Market, by Region
7.14. Night Vision System (Nvs)
7.14.1 Night Vision System (Nvs) Market, by Region
7.15. Road Sign Recognition (Rsr)
7.15.1 Road Sign Recognition (Rsr) Market, by Region
7.16. Heads-Up Display (Hud)
7.16.1 Heads-Up Display (Hud) Market, by Region
7.17. E-Call System
7.17.1 E-Call System Market, by Region

8. Global Advanced Driver Assistance Systems (ADAS) Market, by Vehicle Type
8.1. Overview
8.2. Ic Engine Vehicle
8.2.1 Global Ic Engine Vehicle Market, by Vehicle Type
8.2.1.1. Passenger Cars Market, by Region
8.2.1.2. Light Commercial Vehicles Market, by Region
8.2.1.3. Trucks Market, by Region
8.2.1.4. Buses Market, by Region
8.2.2 Ic Engine Vehicle Market, by Region
8.3. Electric Vehicle
8.3.1 Global Electric Vehicle Market, by Vehicle Type
8.3.1.1. Battery Electric Vehicles (Bev) Market, by Region
8.3.1.2. Hybrid Electric Vehicles (Hev) Market, by Region
8.3.1.3. Plug-In Hybrid Electric Vehicle (Phev) Market, by Region
8.3.1.4. Fuel Cell Electric Vehicle (Fcev) Market, by Region
8.3.2 Electric Vehicle Market, by Region

9. Global Advanced Driver Assistance Systems (ADAS) Market, by Region

10. Company Profiles
10.1. Continental Ag
10.1.1 Company Overview
10.1.2 Company Snapshot
10.1.3 Operating Business Segments
10.1.4 Product Portfolio
10.1.5 Business Performance
10.1.6 Sales by Business Segment
10.1.7 Sales by Geographic Segment
10.1.8 Key Strategic Moves & Developments
10.1.9 Primary Market Competitors
10.2. Magna International
10.3. Renesas Electronics Corporation
10.4. Autoliv Inc.
10.5. Nvidia Corporation
10.6. Robert Bosch Gmbh
10.7. Nxp Semiconductors
10.8. Texas Instruments Incorporated
10.9. Panasonic Holdings Corporation
10.10. Zf Friedrichshafen Ag
10.11. Denso Corporation
10.12. Hyundai Mobis Company
10.13. Joyson Safety Systems
10.14. Delphi Technologies plc
10.15. Valeo

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