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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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Verified Market Research

12 Jul, 2022, 15:15 GMT

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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.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=5089

Browse in-depth TOC on "Advanced Driver Assistance Systems (ADAS) Market"

202 - Pages
126 – Tables
37 – Figures

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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Intelligent Transportation Systems Market By System (Commercial Vehicle Operation, Advanced Traffic Management System), By Application (Automotive Telematics, Collision Avoidance), By Geography, Forecast, 2021-2028

Adaptive Cruise Control Market By Component Type (LiDAR, RADAR), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Geography, Forecast, 2021-2028

Automotive Advanced Driver Assistance System (ADAS) Consumption Market By Product (Adaptive Cruise Control (ACC), Lane Departure Warning (LDW) System, Park Assist, Blind Spot Detection, Others), By Application (Passenger Car, Commercial Veh), By Geography, Forecast, 2021-2028

Top 10 Automotive Artificial Intelligence Companies gearing towards driverless mobility solutions

Visualize Advanced Driver Assistance Systems (ADAS) Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

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Verified Market Research®
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