Advanced Driver Assistance Systems (ADAS) Market Size Worth $74.62 Billion By 2032 | CAGR: 9.5%

The global advanced driver assistance systems (ADAS) market size is expected to reach USD 74.62 billion by 2032, according to a new study by Polaris Market Research. The report “Advanced Driver Assistance Systems (ADAS) Market By Solution Type; By Component (Sensors, Processors, Software, Others); By Vehicle Type; By Region, Segments & Forecast, 2024 – 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Advanced Driver Assistance Systems (ADAS) use sensors, cameras, radar, and other advanced technologies to enhance vehicle safety and improve the driving experience. These systems work together to monitor the vehicle's surroundings, detect potential hazards, and provide warnings or take corrective actions to prevent accidents or reduce their severity. Key features of ADAS include collision avoidance, lane-keeping assistance, adaptive cruise control, and parking assistance.

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Advanced Driver Assistance Systems (ADAS) have witnessed significant growth in recent years due to several key factors driving their adoption. These growth factors stem from technological advancements, increasing safety regulations, consumer demand for enhanced driving experiences, and the growing popularity of electric and autonomous vehicles.

One of the primary growth factors for ADAS is the rapid advancement of technology. The availability of powerful sensors, cameras, radar systems, and computing capabilities has enabled the development of sophisticated ADAS functionalities. Machine learning algorithms and artificial intelligence have further enhanced the capabilities of ADAS by enabling real-time analysis and decision-making based on sensor data. As technology continues to evolve and become more affordable, the range and effectiveness of ADAS features have expanded, contributing to their widespread adoption.

Advanced Driver Assistance Systems (ADAS) Market Report Highlights

• Passenger cars, including sedans, hatchbacks, wagons, SUVs, MUVs, and vans, hold the largest market for ADAS during the forecast period due to the growing demand for safer and more comfortable vehicles.
• Household segment accounted for the larger market share owing to the increased consumption at home, convenience and accessibility, social drinking and entertainment, personal taste, and preferences.
• Lidar segment is projected to hold significant revenue share due to consumer preferences and choices
• APAC projected to register significant growth rate in the study period owing to the increasing demand for safe, efficient, and convenient driving experiences, rising disposable income in emerging economies, and strict safety regulations worldwide.
• North America held the highest market share owing to the technological advancements in the automotive industry.
• The global players include Aisin Seiki Co., Ltd., Autoliv Inc., Continental AG, Delphi Automotive Company, DENSO Corporation, Harman International Industries and Hitachi Ltd.

Polaris Market Research has segmented the Advanced Driver Assistance Systems (ADAS) market report based on solution, component, vehicle type and region:

Advanced Driver Assistance Systems (ADAS), Solution Outlook (Revenue - USD Billion, 2019 - 2032)

• Adaptive Cruise Control
• Blind Spot Detection System
• Park Assistance
• Lane Departure Warning System
• Tire Pressure Monitoring System
• Autonomous Emergency Braking
• Adaptive Front Lights
• Others

Advanced Driver Assistance Systems (ADAS), Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Sensors
  • Radar
  • Ultrasonic
  • LiDAR
  • Others
• Processors
• Software
• Others

Advanced Driver Assistance Systems (ADAS), Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Passenger Vehicles
• Commercial Vehicles

Advanced Driver Assistance Systems (ADAS), Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Advanced Driver Assistance Systems (ADAS) Market Report Scope