openPR Logo
Press release

ADAS Market worth 655 million Units by 2030

ADAS Market

ADAS Market

According to a research report "ADAS Market by Offering (Hardware (Camera, Radar, LiDAR, Ultrasonic, ECU), Software (Middleware, Application Software & OS)), System Type, Vehicle Type (PC, LCV, HCV), Level of Autonomy, Vehicle Class, EV type and Region - Global Forecast to 2030" published by MarketsandMarkets, the global ADAS market size is projected to grow from 334 Million Units in 2024 to 655 Million Units by 2030, at a CAGR of 11.9%. The increasing demand for electric and autonomous vehicles is expected to increase the demand for ADAS. Additionally, continuous innovation in connected car features will boost the demand for ADAS.

Download PDF Brochure @

BEV segment is expected to have the largest share in the global ADAS market

The BEV is expected to grow the largest in terms of volume. Owing to the governments of India, China, the United States, and European nations provide subsidies for electric infrastructure, consequently fostering expansion within the Battery Electric Vehicles (BEVs) segment. OEMs respond by introducing new electric iterations of existing Internal Combustion Engine (ICE) models. Furthermore, heightened competition from prominent Electric Vehicle (EV) manufacturers like Tesla prompts traditional OEMs to strategize incorporating additional safety and driving assistance features to maintain competitiveness. Prominent automakers such as BMW, BYD, Tesla, Mercedes Benz, and Audi increasingly focus on eco-friendly vehicles equipped with enhanced driving comfort features. For instance, in September 2023, BYD expanded its sales in Southeast Asia through partnerships with regional distributors. As a result, the anticipated increase in demand for ADAS solutions within the electric vehicle segment is projected for the forecast period.

The application Software segment is estimated to exhibit the fastest growth in the global ADAS market.

Application software is expected to have significant growth opportunities in the automotive software market during the forecast period. This is attributed to the increasing sales of ADAS-equipped vehicles and the rising demand for connected technologies. Enterprises such as Honda Motor Co., Ltd. (Japan), Toyota Motor Corporation (Japan), Mahindra & Mahindra Limited (India), BYD (China), and MG Motor (UK), among others, provide Advanced Driver Assistance Systems (ADAS) functionalities. These functionalities encompass adaptive cruise control, lane-keeping assist, lane departure warning, automatic emergency braking, traffic sign recognition, blind-spot detection, and rear collision warning. The effective operation of these features mandates that application software be capable of functioning efficiently within a real-time environment. In India, automotive Original Equipment Manufacturers (OEMs) such as Mahindra & Mahindra Limited and Morris Garages offer Advanced Driver Assistance Systems (ADAS) functionalities. These include adaptive cruise control with stop-and-go functionality, lane-keep assist, and traffic sign recognition.

Similarly, in October 2023, Hyundai Motor Company announced the standardization of six airbags across all its models. Additionally, the company is poised to integrate ADAS as a standard feature across all models by 2025. It is anticipated that 60% of all Hyundai vehicles sold in India will incorporate ADAS features by 2024.

Request Free Sample Report @

US to lead the ADAS market in North America.

The US is predicted to lead the North American ADAS market due to the high demand for feature-rich passenger cars and pickup trucks, and it is a mature market for modern technology compared to Canada and Mexico. ADAS features include lane departure warning, forward collision warning, automatic emergency braking, adaptive cruise control, and blind-spot monitoring. Some vehicles also have advanced features like automatic park assist and traffic sign recognition. These technologies can help improve road safety by reducing the risk of accidents caused by human error. For instance, in December 2023, Black Sesame Technologies (US) and BlackBerry (US) partnered with ECARX (China) for ADAS technology by integrating advanced AI algorithms, sensor fusion, and cybersecurity features into the Skyland platform. Additionally, the increase in sales and demand for autonomous driving and cruise control of luxury vehicles will positively impact the demand for ADAS in North America. The region's large customer base and high disposable income have fueled the premium passenger car market.

Key Players

The ADAS market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso (Japan), and Magna International (Canada), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.

View Detail TOC @

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

One stop solution for all Market Research & Consulting needs.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release ADAS Market worth 655 million Units by 2030 here

News-ID: 3447327 • Views:

More Releases from MarketsandMarkets™ INC.

OTR Tire Market Forecasted to Achieve $7.0 Billion Valuation by 2030
OTR Tire Market Forecasted to Achieve $7.0 Billion Valuation by 2030
The global OTR Tire market is projected to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2030 at a CAGR of 6.5%. The growing demand for heavy machinery in construction, mining, and agriculture, coupled with increasing infrastructure projects worldwide, is driving the expansion of the OTR tire market. Additionally, advancements in tire technology, such as enhanced durability and tread designs, fuel market growth by improving efficiency
Electric Bus Market Poised to Surge to $48.1 Billion by 2030
Electric Bus Market Poised to Surge to $48.1 Billion by 2030
The global EV charging cable market is projected to grow from USD 1.3 billion in 2023 to USD 3.9 billion by 2030, registering a CAGR of 16.7%. As environmental consciousness and the shift toward sustainable transportation gather momentum, the demand for robust and innovative charging solutions has soared. This surge is influenced by the growing awareness of the environmental benefits of EVs and significant investments in charging infrastructure and government
Automotive Turbocharger Market Expected to Hit $22.9 Billion by 2030
Automotive Turbocharger Market Expected to Hit $22.9 Billion by 2030
The automotive turbocharger market is projected to grow from USD 15.2 billion in 2024 to USD 22.9 billion by 2030, at a CAGR of 7.1%. The growth of the automotive turbocharger market is propelled by harsh emission regulations and shifting consumer inclination for high-performance vehicles. As the automotive industry is transitioning from diesel to gasoline light-duty vehicles and a surge in vehicle hybridization, there could be a promising opportunity
EV Charging Cable Market Size, Share, Trends & Forecast by 2030
EV Charging Cable Market Size, Share, Trends & Forecast by 2030
The global EV charging cable market worldwide size was valued at USD 1.3 billion in 2023 and is expected to reach USD 3.9 billion by 2030, registering a CAGR of 16.7%. With environmental concerns at the forefront of collective consciousness and the increasing popularity of electric vehicles, the demand for cutting-edge charging solutions has never been more pronounced. In this dynamic landscape, various innovative technologies are reshaping the EV Landscape,

All 5 Releases

More Releases for ADAS

ADAS Market Insights, Growth Forecast to 2025
The Global ADAS Market research by Market Study Report. It offers a feasibility analysis for investment and returns supported with data on development trend analysis across important regions of the world Global ADAS Research Report presents a competitive assessment and detailed statistical analysis on Global ADAS Industry prospects. The ADAS Report will enlighten the readers with market dynamics and market trends to provide a holistic market overview. The key aspects of
ADAS Camera Market 2020 Challenges by Enhancing Manufactures:
Stratagem Market Insights offer in-depth analysis concerning the complete ADAS Camera Market position and Recent Trends. Reports provide detailed Market Statistics, including Product types, Top Manufacturers, Market CAGR Status, and favorable factors that are expected to drive the Growth rate of the ADAS Camera Market with SWOT Analysis. The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, and forecast regions. The ADAS Camera Market evaluated the report on
What is ADAS
What is ADAS? ADAS, as also known as, the advanced driver assistance system. It was designed to protect drivers from avoidable car accidents and reduce the loss of life and property caused by driver fatigue and distracted driving. The highest level of ADAS implementation would be Tesla’s Autopilot which employs adaptive cruise control, auto-centering, collision avoidance, etc. However, not everybody wants to pay thousands of dollars Tesla’s ADAS package. The Acumen
Global Advanced Driver Assistance System (ADAS) Market
Global Advanced Driver Assistance System (ADAS) Market – Industry Analysis and Forecast (2017-2026) – By Technology, Sensor, Vehicle, Distribution Channel and Region. Global Advanced Driver Assistance System (ADAS) Market was valued US$ 23.2 Bn in 2017 and is expected to reach US$ 89.8 Bn by 2026, at a CAGR of 18.43 % during the forecast period. Rising traffic safety issues coupled with encouraging monitoring standards regarding the installation of these systems will
Automotive ADAS in China 2017-2021 Market
Global Research and Development News -- . . "Automotive ADAS Market in China 2017-2021" with coming years Industries Trends, projections of Global Growth, Major key player and Case study, Review, Share, Size, Effect. ' ' -About Automotive ADAS An advanced driver assistance system (ADAS) helps the driver avoid potential collisions by controlling the vehicle when the user is unable to respond in time. All safety features alert the driver of imminent collisions and prompt
Automotive ADAS Market Develop business strategies
MarketResearchReports.Biz adds “Global Automotive ADAS Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Automotive ADAS and the growth estimates for the forecasted period. Automotive ADAS are electronic components installed in vehicles, which present an intelligent driving experience to the driver. These systems comprise of unique sensors such as ultrasonic, image, RADAR, LiDAR, infrared and LASER. Deploying ADAS to