Global Market for ADAS is Anticipated to grow at a Significant Pace i.e., USD 72.6 Billion during the Forecast Period 2021-2027

Published Date: Dec, 2021

The global ADAS market is expected to grow at a CAGR of 11.6% during 2021-2027. ADAS offers an extensive range of active and passive systems designed to provide safety, comfort, and efficiency, and improve the safety and security of drivers, passengers, and pedestrians. There is a need to comply with safety mandates and rising demand for semi-autonomous driving systems will fuel the growth of the ADAS market. Moreover, emphasis by the government to focus on vehicle and pedestrian safety, steps taken by OEMs to offer advanced safety features, innovation in autonomous vehicles, and stringent regulations imposed by government authorities will fuel the growth of the ADAS market. Thus, the rising concern over autonomous safety among consumers will result in an increase in the demand for advanced safety features, particularly in the mid-price segment of vehicles will result in the growth of the ADAS market.  

Continental AG has announced that it has signed a joint venture contract with Beijing Horizon Robotics Technology R&D Co., Ltd and is focused on providing hardware and software integrated solutions for advanced driver assistance systems (ADAS) and autonomous driving.

The COVID-19 outbreak has led to the temporary suspension of vehicle production and supply disruptions, resulting in a halt in the automotive industry. However, the market is anticipated to witness robust growth in 2022 as mandates regarding safety regulations will be imposed and deployment of autonomous driving systems will take place, resulting in the growth of the global ADAS market.

Browse 82 market data Tables and 50 Figures spread through 350 Pages and in-depth TOC on " ADAS Market by System Type (Intelligent Park Assist (IPA), Lane Departure Warning (LDW), Road Sign Recognition (RSR), Tire Pressure Monitoring System (TPMS), Night Vision System (NVS), Automatic Emergency Braking (AEB), Adaptive Cruise Control (ACC), Adaptive Front Light (AFL), Blind Spot Detection (BSD), Cross-Traffic Alert (CTA), Driver Monitoring System (DMS), Forward Collision Warning (FCW), Pedestrian Detection System, Traffic Jam Assist, and Others), by Propulsion (Electric (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, and Plug-In Hybrid Electric Vehicle), Petrol, and Diesel), by Component (Hardware and Software), by Level of Autonomy (L1, L2, L3, L4, and L5), by Sensor Type (Image Sensors, Ultrasonic Sensors, Lidar Sensors, Radar Sensors, Infrared (IR) Sensors, Laser Sensors, Capacitive Sensor, and Others), by Vehicle Type (Passenger Vehicles (Mid-Sized Cars, Sedans, Minivan, Convertible, Crossover, Hatchbacks, and Others), Light Commercial Vehicles (Compact, Utility Vehicle, Supermini, Light Truck, and Others), and Heavy Commercial Vehicles (Mobile Truck, Limo, Recreational Vehicle, Towing Truck, Fire Trucks, and Others)), and Region - Global Forecast to 2027"

By system type, the Intelligent Park Assist System segment is projected to witness highest CAGR during the forecast period.

Based on system type, the global ADAS market is divided into Intelligent Park Assist (IPA), Lane Departure Warning (LDW), Road Sign Recognition (RSR), Tire Pressure Monitoring System (TPMS), Night Vision System (NVS), Automatic Emergency Braking (AEB), Adaptive Cruise Control (ACC), Adaptive Front Light (AFL), Blind Spot Detection (BSD), Cross-Traffic Alert (CTA), Driver Monitoring System (DMS), Forward Collision Warning (FCW), Adaptive Front Light, Pedestrian Detection System, Traffic Jam Assist, and others.  The intelligent park assist system is anticipated to have the highest CAGR during the forecast period 2021-2027 as it involves less cost, easy installation process, and is applied in an extensive range of vehicles. It spots the objects in the surroundings of the vehicle and assists the driver to park the car easily.

Global ADAS Market Segmentation Analysis

Segment

Categorization

Leading Category

System Type

Intelligent Park Assist (IPA), Lane Departure Warning (LDW), Road Sign Recognition (RSR), Tire Pressure Monitoring System (TPMS), Night Vision System (NVS), Automatic Emergency Braking (AEB), Adaptive Cruise Control (ACC), Adaptive Front Light (AFL), Blind Spot Detection (BSD), Cross-Traffic Alert (CTA), Driver Monitoring System (DMS), Forward Collision Warning (FCW), Pedestrian Detection System, Traffic Jam Assist, and Others

Tire Pressure Monitoring System (TPMS) (Largest)

Intelligent Park Assist (IPA) (High CAGR)

Propulsion

Electric (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, and Plug-In Hybrid Electric Vehicle), Petrol, and Diesel

Electric Vehicle (Largest)

Component

Hardware and Software

Hardware (Largest)

Level of Autonomy

L1, L2, L3, L4, and L5

L2 (Significant growth)

Sensor Type

Image Sensors, Ultrasonic Sensors, Lidar Sensors, Radar Sensors, Infrared (IR) Sensors, Laser Sensors, Capacitive Sensor, and Others

Radar Sensors (Largest)

Vehicle Type

Passenger Vehicles (Mid-Sized Cars, Sedans, Minivan, Convertible, Crossover, Hatchbacks, and Others), Light Commercial Vehicles (Compact, Utility Vehicle, Supermini, Light Truck, and Others), and Heavy Commercial Vehicles (Mobile Truck, Limo, Recreational Vehicle, Towing Truck, Fire Trucks, and Others)

Passenger Vehicles (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

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“Asia Pacific is anticipated to be the fastest growing region during 2021-2027.”

APAC is anticipated to have the fastest growth owing to the rising demand for ADAS in countries like Japan, China, South Korea, etc. The advancement in infrastructures like high-speed internet connectivity, organized roads, lane markings, and availability of GPS is anticipated to propel the use of ADAS in the APAC region. Various European and American automobile manufacturers like Volkswagen (Germany), Mercedes Benz (Germany), and General Motors (US) have shifted their production plants to emerging economies.

Some of the major players in the global ADAS market include Valeo, Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, DENSO CORPORATION, Aptiv, Hyundai Mobis, Autoliv Inc., NXP Semiconductors, and Magna International Inc.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

System Type, Component, Propulsion, Level of Autonomy, Vehicle Type, Sensor Type, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Valeo, Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, DENSO CORPORATION, Aptiv, Hyundai Mobis, Autoliv Inc., NXP Semiconductors, and Magna International Inc.

Global ADAS Market Coverage

System Type Insight and Forecast 2015-2027

  • Intelligent Park Assist (IPA)
  • Lane Departure Warning (LDW)
  • Road Sign Recognition (RSR)
  • Tire Pressure Monitoring System (TPMS)
  • Night Vision System (NVS)
  • Automatic Emergency Braking (AEB)
  • Adaptive Cruise Control (ACC
  •  Adaptive Front Light (AFL)
  • Blind Spot Detection (BSD)
  • Cross-Traffic Alert (CTA)
  • Driver Monitoring System (DMS)
  • Forward Collision Warning (FCW)
  • Pedestrian Detection System
  • Traffic Jam Assist
  • Others

Propulsion Insight and Forecast 2015-2027

  • Electric
    • Battery Electric Vehicle
    • Fuel Cell Electric Vehicle
    • Hybrid Electric Vehicle
    • Plug-In Hybrid Electric Vehicle
  • Petrol
  • Diesel

Component Insight and Forecast 2015-2027

  • Hardware
  • Software

Level of Autonomy Insight and Forecast 2015-2027

  • L1
  • L2
  • L3
  • L4
  • L5

Sensor Type Insight and Forecast 2015-2027

  • Image Sensors
  • Ultrasonic Sensors
  • Lidar Sensors
  • Radar Sensors
  • Infrared (IR) Sensors
  • Laser Sensors
  • Capacitive Sensor
  • Others

Vehicle Type Insight and Forecast 2015-2027

  • Passenger Vehicles
    • Mid-Sized Cars
    • Sedans
    • Minivan
    • Convertible
    • Crossover
    • Hatchbacks
    • Others
  • Light Commercial Vehicles
    • Compact
    • Utility Vehicle
    • Supermini
    • Light Truck
    • Others
  • Heavy Commercial Vehicles
    • Mobile Truck
    • Limo
    • Recreational Vehicle
    • Towing Truck
    • Fire Trucks
    • Others

Geographical Segmentation

ADAS Market by Region

North America

  • By System Type
  • By Propulsion
  • By Component
  • By Level of Autonomy
  • By Sensor Type
  • By Vehicle Type
  • By Country – U.S., Canada, and Mexico

Europe

  • By System Type
  • By Propulsion
  • By Component
  • By Level of Autonomy
  • By Sensor Type
  • By Vehicle Type
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By System Type
  • By Propulsion
  • By Component
  • By Level of Autonomy
  • By Sensor Type
  • By Vehicle Type
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By System Type
  • By Propulsion
  • By Component
  • By Level of Autonomy
  • By Sensor Type
  • By Vehicle Type
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

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Global Market for ADAS is Anticipated to grow at a Significant Pace i.e., USD 72.6 Billion during the Forecast Period 2021-2027