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Advanced Driver Assistance Systems (ADAS) Market 2023 - Market Size, Market Insights, Trends, And Forecast To 2032
Advanced Driver Assistance Systems (ADAS) Market Analysis
Advanced Driver Assistance Systems (ADAS) Market Size, Growth Rate, And Forecast
The global advanced driver assistance systems (adas) market size grew from $31.85 billion in 2022 to $37.61 billion in 2023 at a compound annual growth rate (CAGR) of 18.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The advanced driver assistance systems (adas) market size is expected to grow to $72.56 billion in 2027 at a CAGR of 17.9%.
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Advanced Driver Assistance Systems (ADAS) Market Drivers
The increasing government regulations for mandatory ADAS implementation in vehicles are propelling the advanced driver assistance systems market. The governments across the globe are implementing mandatory ADAS inclusion regulations in the vehicle to strengthen driving convenience and safety of the drivers and commuters.
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Advanced Driver Assistance Systems (ADAS) Market Segments
1) By System Type: Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System, Intelligent Parking Assist System (IPAS), Adaptive Cruise Control System, Blind Spot Object Detection System, Lane Departure Warning System, Adaptive Front-lighting System, Other System Types
2) By Offering: Hardware, Software
3) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Buses, Trucks
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the advanced driver assistance systems (ADAS) market.
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Advanced Driver Assistance Systems (ADAS) Market Key Players
Major competitors in the advanced driver assistance systems (ADAS) market include Continental AG, Denso, Magna International, Robert Bosch, NXP Semiconductors, Panasonic, Renesas Electronics, Texas Instruments.
The Business Research Company's "Global Advanced Driver Assistance Systems (ADAS) Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Advanced Driver Assistance Systems (ADAS) Market Include:
1. Executive Summary
2. Advanced Driver Assistance Systems (ADAS) Market Characteristics
3. Advanced Driver Assistance Systems (ADAS) Market Trends And Strategies
4. Advanced Driver Assistance Systems (ADAS) Market - Macro Economic Scenario
5. Advanced Driver Assistance Systems (ADAS) Market Size And Growth
........
26. Africa Advanced Driver Assistance Systems (ADAS) Market
27. Advanced Driver Assistance Systems (ADAS) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Advanced Driver Assistance Systems (ADAS) Market
29. Advanced Driver Assistance Systems (ADAS) Market Future Outlook and Potential Analysis
30. Appendix
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What is ADAS?
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