Covina, United States: Global Advanced Driver Assistance System Market, By Solution (Adaptive Cruise Control, Blind Spot Detection System, Park assistance, Lane Departure Warning System, Tire Pressure Monitoring System, Autonomous Emergency Braking, Adaptive Front Lights, and Others), By Sensor Type (Radar, Ultrasonic, LiDAR, and Others), By Vehicle Type (Passenger car and Commercial vehicle), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Trends, Analysis and Forecast till 2030
Advanced Driver Assistance System Market Outlook
- Market Value 2020: US$ 26.65 Bn
- Market Value Estimation 2030: US$ 79.27 Bn
- CAGR: 11.5 %
The term “advanced driver assistance systems” (ADAS) refers to a group of technological tools that support drivers when they are driving and parking. By offering a secure user interface, ADAS increases vehicle and traffic safety. ADAS uses automated technologies like cameras and vehicle sensors to detect driving errors and obstructions in the environment and react appropriately. ADAS are intended to automate, adapt, and upgrade vehicle technology for increased safety and driving because the majority of traffic accidents are brought on by human mistake. ADAS has been shown to decrease road fatalities by lowering human error. By offering drivers technologies that alert them to potential hazards and implementing other steps, safety features aim to reduce the likelihood of collisions and accidents.
Top News relating to Industry, Innovation:
- In February 2020- For the delivery of active safety solutions based on upcoming radar and vision technologies, Veoneer was selected. The scalable system from Veoneers was made to provide a range of driver assistance features, including automatic emergency braking, traffic sign recognition, lane centering control, stop-and-go adaptive cruise control, highway assist, and automated high beam control, while also meeting Euro NCAP’s 5-star safety rating.
- In February 2020- Continental announced plans to open a new ADAS production facility in Texas, USA, with a three-year investment of USD 109 million. Starting in 2021, radars will be produced at the new facility.
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Key Segmentation of the Advanced Driver Assistance System market:
The Global Advanced Driver Assistance System Market size was valued at USD 26.65 billion in 2020 and is expected to grow to USD 79.27 in 2030 at a compound annual growth rate (CAGR) of 11.5%. The global advanced drive assistance system market is segmented into solution, sensor types, vehicle types, and region.
- Based on Solution, Global Advanced Driver Assistance System Market is segmented into Adaptive Cruise Control, Blind Spot Detection System, Park assistance, Lane Departure Warning System, Tire Pressure Monitoring System, Autonomous Emergency Braking, Adaptive Front Lights, and Others.
- Based on Sensor Types, Global Advanced Driver Assistance System Market is segmented into Radar, Ultrasonic, LiDAR, and Others.
- Based on Vehicle Types, Global Advanced Driver Assistance System Market is segmented into Passenger car and Commercial vehicle.
- By Region, the Global Advanced Driver Assistance System Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The Advanced Driver Assistance System Market Report mentions the following promising regions:
- North America – U.S., Canada
- Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America – Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
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Top-tier significant players:
The prominent player operating in the global Advanced Driver Assistance System market includes Continental AG, Delphi Automotive Plc, Magna International, Denso Corporation, Robert Bosch GMBH, Autoliv Inc., Takata Corporation, Hyundai Mobis, Gentex Corporation, and HARMAN International.
Premium Report offers:
- Assessments of market share for the regional and national segments
- A description of the business, including its goals, finances, and most recent advancements.
- In addition to a comprehensive analysis of market share, the report contains data on significant drivers, restraints, and opportunities.
- The market power of consumers and suppliers is demonstrated via Porter’s five forces study.
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