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.
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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
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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.
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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?
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