Press release
Advanced Driver Assistance Systems (ADAS) Market Anticipated To Witness Robust Growth, Surpassing $91.37 Billion By 2029
Advanced Driver Assistance Systems (ADAS) Market
What Is the Current Advanced Driver Assistance Systems (ADAS) Market Size and Its Estimated Growth Rate?
The market size for advanced driver assistance systems (ADAS) has been experiencing accelerated expansion lately. Forecasts indicate a surge from $43.03 billion in 2024 to $50.13 billion in 2025, evidencing a compound annual growth rate (CAGR) of 16.5%. This remarkable growth in the past can be credited to heightened interest in vehicle safety, government regulations enforcing safety features, rising consumer consciousness, the incorporation of ADAS in luxury vehicles, and the increasing intricacy of contemporary vehicles.
We anticipate a swift expansion in the advanced driver assistance systems (ADAS) market over the oncoming years, with predictions indicating a surge to an impressive $91.37 billion by 2029 at a compound annual growth rate (CAGR) of 16.2%. This projected growth within the forecast period can be ascribed to an increased demand for semi-autonomous and autonomous vehicles, the requirement for precise and effective diagnosis to minimize repair durations and associated costs, along with escalating investments in artificial intelligence for ADAS and integration of vehicle-to-everything (v2x) communication. Notable trends during the forecast period comprise the progression of AI-driven driver monitoring systems, the rise of augmented reality (AR) in head-up displays, enhanced connectivity due to advanced sensors, evolution of automated parking systems, and the incorporation of machine learning for superior decision-making in ADAS.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6078
How Are Emerging Segments Shaping the Advanced Driver Assistance Systems (ADAS) Market Landscape?
The advanced driver assistance systems (ADAS) market covered in this report is segmented -
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
Subsegments:
1) By Tire Pressure Monitoring System (TPMS): Direct TPMS, Indirect TPMS
2) By Drowsiness Monitor System: Camera-Based Systems, Steering Pattern Recognition Systems
3) By Intelligent Parking Assist System (IPAS): Parallel Parking Assist, Perpendicular Parking Assist, Valet Parking Assist
4) By Adaptive Cruise Control System: Standard Adaptive Cruise Control, Dynamic Radar Cruise Control
5) By Blind Spot Object Detection System: Radar-Based Systems, Camera-Based Systems
6) By Lane Departure Warning System: Lane Keeping Assist, Lane Departure Prevention
7) By Adaptive Front-lighting System: Dynamic Cornering Lights, Automatic High Beam Control
8) By Other System Types: Collision Avoidance Systems, Traffic Sign Recognition Systems, Forward Collision Warning Systems
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6078&type=smp
Which Growth Factors Are Influencing Advanced Driver Assistance Systems (ADAS) Market Expansion?
The global rise in governmental mandates for the compulsory incorporation of Advanced Driver Assistance Systems (ADAS) in vehicles is fuelling the ADAS market. Governments worldwide are enforcing these regulations to enhance the comfort and safety of both drivers and passengers. An example of this is the legislation enacted in the European Union in July 2022, making it compulsory for new vehicles to have ADAS installed to boost road safety. The objective of such regulation was to heighten the overall safety of motor vehicles and safeguard the vehicle occupants along with vulnerable road users, all in an effort to reduce road mishaps. Therefore, these escalating mandates for the compulsory installation of ADAS in vehicles are propelling the growth of the ADAS market.
Who Are the Dominant Players Across Different Advanced Driver Assistance Systems (ADAS) Market Segments?
Major companies operating in the advanced driver assistance systems (ADAS) market include Continental AG, Nippon Denso Co. Ltd., Magna International, Robert Bosch GmbH, NXP Semiconductors NV, ZF Friedrichshafen AG, Autoliv Inc., Valeo SA, Mobileye Global Inc., Hella KGAA Hueck & Co., Aisin Corporation, Infineon Technologies AG, Hyundai Precision Co. Ltd., Aptiv plc, Gentex Corporation, Texas Instruments Inc., STMicroelectronics NV, Renesas Electronics Corporation, ON Semiconductor Corp, Analog Devices Inc., Melexis NV, Ambarella Inc., Nvidia Corporation, Intel Corporation, Qualcomm Inc., Samsung Electronics Co. Ltd., LG Corporation, Panasonic Corporation, Sony Corporation, Neural Propulsion Systems Inc.
What Are the Latest Developing Trends in the Advanced Driver Assistance Systems (ADAS) Market?
Advancements in technology are a prominent trend emerging in the ADAS market. To solidify their standing in the market, leading companies are focusing on the creation of innovative technological solutions, inclusive of next-gen ADAS technologies like sensor fusion, embedded vision, HMI, software infrastructure, and autosar. For instance, Rockwell Automation, an American company specializing in digital transformation and industrial automation technologies, introduced Logix Safety Instrumented System (SIS) in September 2024. This solution, carrying both SIL 2 and SIL 3 certifications, is designed to cater to the requirements of contemporary industrial setups, enhancing process safety through state-of-the-art hardware and software capabilities.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/advanced-driver-assistance-systems-adas-global-market-report
Which Geographic Regions Are Expected to Dominate the Advanced Driver Assistance Systems (ADAS) Market in the Coming Years?
North America was the largest region in the ADAS market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the advanced driver assistance systems (ADAS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Advanced Driver Assistance Systems (ADAS) Market?
2. What is the CAGR expected in the Advanced Driver Assistance Systems (ADAS) Market?
3. What Are the Key Innovations Transforming the Advanced Driver Assistance Systems (ADAS) Industry?
4. Which Region Is Leading the Advanced Driver Assistance Systems (ADAS) Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments."
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Advanced Driver Assistance Systems (ADAS) Market Anticipated To Witness Robust Growth, Surpassing $91.37 Billion By 2029 here
News-ID: 3951616 • Views: …
More Releases from The Business research company
Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rainwater Harvesting Systems Market Through 2025?
Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by…
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Percussion Instruments Industry Market Size Be by 2025?
Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of…
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)…
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)…
More Releases for ADAS
Automotive ADAS (Advanced Driver Assistance Systems (ADAS)) Market Industry Anal …
Automotive ADAS (Advanced Driver Assistance Systems) Market Size is Projected to Reach USD 74.75 Billion by 2032, Growing at a CAGR of 11.98 % From 2024-2032.
Advanced Driver-Assistance Systems (ADAS) enhance vehicle and road safety by utilizing sensors, cameras, and automated technology to detect nearby obstacles and provide critical safety features such as pedestrian detection, lane departure warning, automatic emergency braking, and blind spot detection. These systems play a pivotal…
ADAS Film Heaters Market Research Report
ADAS (Advanced Driver Assistance Systems) camera heaters are components integrated into vehicles equipped with ADAS technologies to prevent the formation of ice, frost, or condensation on the camera lenses. These heaters are designed to ensure the proper functioning of ADAS cameras, which play a crucial role in features such as lane departure warning, collision avoidance, and adaptive cruise control. In cold or inclement weather conditions, the camera heaters help maintain…
ADAS Market Worth $40.2 Billion by 2029
According to a new market research report titled, 'ADAS Market by System Type, Component (Sensors, Actuators), Vehicle Automation, Vehicle Type, End User, and Geography - Global Forecast to 2029,' the global ADAS market is projected to reach $40.2 billion by 2029, at a CAGR of 21.6% from 2022 to 2029.
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5377
The growth of this market is attributed to the Increasing ADAS adoption due to stringent…
Automotive ADAS Chip Market 2023 | Detailed Report
ReportsnReports publishes the report titled Automotive ADAS Chip that presents a 360-degree overview of the market under one roof. The report is developed with the meticulous efforts of an enthusiastic and experienced team of experts, analyts, and researchers that makes the report a valuable asset for stakeholders to make robust decisions. This report also provides an in-depth overview of product type, specification, technology, and production analysis considering vital factors like…
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…
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…
