The ADAS Market is anticipated to reach $106.55 billion by 2030, with a CAGR of 14% from 2023 to 2030. Market growth is propelled by stringent vehicle safety regulations, heightened demand for luxury cars, and the growing integration of safety and comfort features in high-end vehicles. Challenges include the lack of supporting infrastructure in developing countries. However, opportunities arise from the emergence of autonomous vehicles, advancements in autonomous shared mobility, and increased adoption of electric vehicles. Players in this market face challenges related to environmental and data security risks, along with the high costs of implementing ADAS.
The global ADAS market is segmented based on system type, level of automation, component, vehicle type, end use, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
Key Players:
The key ADAS companies profiled in this market study include Continental AG (Germany), Valeo SA (France), Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), and Aptiv PLC (Ireland), Autoliv, Inc. (Sweden), Denso Corporation (Japan), Garmin Ltd. (U.S.), Infineon Technologies AG (Germany), Magna International Inc. (Canada), Mobileye B.V. (Israel), Huawei Technologies Co., Ltd. (China), Qualcomm Technologies, Inc. (U.S.), Microsoft (U.S.), and NXP Semiconductors N.V. (Netherlands).
Increasing Integration of Safety and Comfort Features in High-end Vehicles Driving the Adoption of ADAS
ADAS technology aims to reduce human errors that may lead to vehicle accidents. ADAS operates both actively and passively, alerting the driver of a potential collision or braking and steering the vehicle. Due to its dynamic nature, regulating ADAS is a constant challenge globally. Therefore, safety standards need to remain flexible to accommodate the evolution of ADAS technologies. For example, the regulatory environment in the U.S. has fostered innovation and growth in the field of partially and fully autonomous vehicles. However, the safety of certain ADAS technologies has not been fully evaluated. Hence, regulators are focused on ensuring that ADAS technologies integrated into cars improve vehicle safety & comfort.
Furthermore, governments around the globe are supporting the development of more advanced vehicle safety standards and systems, including ADAS. India’s Ministry of Road Transport and Highways approved the integration of ADAS features in cars sold in India in 2022. In November 2022, Continental AG (Germany), a manufacturer of ADAS components, collaborated with OEMs in India to support this implementation. The company announced plans to localize its entire value chain from marketing and R&D to design, as per the requirements of the local population. Such developments are accelerating the growth of the global ADAS market.
Key Findings in the ADAS Market Study:
Based on System Type, the Adaptive Cruise Control Systems Segment is Expected to Dominate the ADAS Market
Based on system type, the ADAS market is broadly segmented into adaptive cruise control systems, blind spot detection systems, automatic parking systems, pedestrian detection systems, traffic jam assistance systems, lane departure warning systems, tire pressure monitoring systems, automatic emergency braking systems, adaptive front-lighting systems, traffic sign recognition systems, forward collision warning systems, driver monitoring systems, and night vision systems. In 2023, the adaptive cruise control systems segment is expected to account for the largest share of the market. The growth of this segment is mainly attributed to the need to maintain a comfortable driving experience, supportive government regulations, and advancements in adaptive cruise control systems. However, the blind spot detection systems segment is projected to register the highest CAGR during the forecast period.
Based on Level of Automation, the Level 1 Segment is Expected to Dominate the ADAS Market
Based on level of automation, the ADAS market is broadly segmented into level 1, level 2, and level 3. In 2023, the level 1 segment is expected to account for the largest share of the market. The growth of this segment is attributed to the growing investments in vehicle electrification, the rising demand for driver assistance systems, and the increasing number of Level 1 vehicles on the road. However, the level 3 segment is projected to register the highest CAGR during the forecast period.
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Based on Component, the Sensors Segment is Expected to Dominate the ADAS Market
Based on component, the ADAS market is broadly segmented into vision camera systems, sensors, ECU, software, and actuators. In 2023, the sensors segment is expected to account for the largest share of the market. However, the sensors segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the rising need to reduce greenhouse gas emissions and the increasing demand for sensors in hybrid powertrains.
Based on Vehicle Type, the ICE Vehicles Segment is Expected to Dominate the ADAS Market
Based on vehicle type, the ADAS market is broadly segmented into internal combustion engine, hybrid, and electric vehicles. In 2023, the internal combustion engine vehicles segment is expected to account for the largest share of the market. Internal combustion engine (ICE) vehicles are automobiles that use an internal combustion engine (ICE) to power the vehicle. ICEs are typically powered by fossil fuels such as gasoline or diesel, but they can also be powered by alternative fuels such as ethanol or compressed natural gas. ICE vehicles have been the dominant form of transportation for the past century. However, the electric vehicles segment is projected to register the highest CAGR during the forecast period.
Based on End Use, the Passenger Vehicles Segment is Expected to Dominate the ADAS Market
Based on end use, the ADAS market is broadly segmented into passenger and commercial vehicles. In 2023, the passenger vehicles segment is expected to account for the largest share of the ADAS market. The growth of this segment is attributed to the growing awareness regarding the hazards associated with greenhouse gas emissions and environmental pollution, stringent emission norms, and demand for premium cars among consumers. However, the commercial vehicles segment is projected to register the highest CAGR during the forecast period.
In 2023, Asia-pacific is Expected to Dominate the ADAS Market
Based on geography, the ADAS market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the ADAS market. The growth of ADAS in APAC is attributed to the growing automotive manufacturing sector in countries such as Japan, China, India, and South Korea, supportive government regulations, and the rising popularity of Electric Vehicles (EVs). However, Europe is expected to command the highest CAGR of the global ADAS market.
Scope of the report:
ADAS Market, by System Type
- Blind Spot Detection Systems
- Parking Assistance Systems
- Lane Departure Warning Systems
- Adaptive Front-Lighting Systems
- Forward Collision Warning Systems
- Driver Monitoring Systems
- Night Vision Systems
- Adaptive Cruise Control Systems
- Automatic Emergency Braking Systems
- Tire Pressure Monitoring Systems
- Traffic Sign Recognition Systems
- Pedestrian Detection Systems
- Traffic Jam Assistance Systems
ADAS Market, by Level of Automation
ADAS Market, by Component
- Vision Camera Systems
- Sensors
- LiDAR
- Radar
- Ultrasonic Sensors
- GPS/GNSS Sensors
- ECU
- Software
- Actuators
ADAS Market, by Vehicle Type
- ICE Vehicles
- Petrol Vehicles
- Diesel Vehicles
- CNG Vehicles
- Other Vehicles
- Hybrid Vehicles
- Pure Hybrid Vehicles
- Plug-in Hybrid Vehicles
- Electric Vehicles
ADAS Market, by End Use
- Passenger Vehicles
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
ADAS Market, by Geography
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Indonesia
- Thailand
- India
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Russia
- Sweden
- Netherlands
- Italy
- Spain
- Denmark
- Rest of Europe
- Latin America
- Middle East & Africa
Key Questions Answered in the Report: