Advanced Driver Assistance Systems Market Booming Worldwide Opportunity, Upcoming Trends & Growth Forecast 2021-2026

Advanced Driver Assistance Systems Market

In last few years, technological advancement and growth initiative toward vehicle automation and self-driving cars have increased demand of advanced driver assistance systems market.  Advanced driver assistance systems market is witnessing significant growth and is projected to grow at a constant pace due to increasing adoption of advanced driver assistance systems in passenger cars and increasing government initiatives for mandating driver assistance system to reduce road accidents. For instance, the European Union has mandated automotive manufacturers to fit  ADAS systems such as lane departure warning system and autonomous emergency braking system in all commercial vehicle.

The Major Players Covered in this Report:
Robert Bosch (Germany), ZF Friedrichshafen (Germany), Intel (U.S.), and Aptiv (U.K), Magna International Inc., Autoliv Inc., Continental AG (Germany), Robert Bosch GmbH (Germany), Valeo (France), Denso Corporation (Japan), NXP Semiconductor (Netherlands), Panasonic Corporation (Japan), Renesas Electronics Corporation (Tokyo), and Texas Instruments (U.S.).

Global Advanced driver assistance systems market was valued at USD 12.45 billion in 2018 and is expected to reach a value of USD 45.15 billion at a CAGR of 16.05% during forecast period, 2019–2026.

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By System
Adaptive Cruise Control System, Blind Spot Object Detection System, Lane Departure Warning System, Adaptive Front-lighting System, Tire Pressure Monitoring System, Others

By Component
RADAR, LiDAR Sensor, Ultrasonic Sensor, Camera Unit

By Vehicle type
Passenger Car, Light Commercial Vehicle, Buses, Trucks.

By Offering
Hardware, Software

Segmental Insights

The global advanced driver assistance systems market is segmented by system, component, vehicle, and offering.

By system, the global product market is segmented in to ACC, AFL, LDWS, BSD, and TPMS.

By component, the global ADAS market is segmented into Radar, LiDAR, Ultrasonic, and Camera Unit. Radar-based ADAS is expected to dominate the global advance driver assistance system market owing to the increasing traffic congestion, roadways infrastructure, and government rules and regulations. Growing trend of autonomous as well as semi-autonomous vehicle in the automobile industry is expected to be another major driver for the global automotive radar market.

By vehicle type, ADAS market is segmented into passenger car, light commercial vehicle, buses, & trucks. Passenger car segment is expected to experience high growth in the in emerging economies of the Asia Pacific region on account of rapidly growing population, growing disposible income, changing lifestyle, improving standard of living, and development of infrastructure.

Regional Analysis For Advanced Driver Assistance Systems Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Advanced Driver Assistance Systems are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

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