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Advanced Driver Assistance Systems (ADAS) Market Size to Reach $88.16 Billion by 2029 | Growth at 15.5% CAGR Forecast
Advanced Driver Assistance Systems (ADAS)
What is the Projected Market Size of the Advanced Driver Assistance Systems (ADAS) Industry?
The market size of advanced driver assistance systems (ADAS) has seen rapid expansion in the recent years. The forecast suggests an increase from $43.03 billion in 2024 to $49.56 billion in 2025, indicating a compound annual growth rate (CAGR) of 15.2%. The historical growth can be credited to factors like an intensified focus on automobile safety, regulatory requirements for safety features, rising consumer awareness, ADAS integration in high-end vehicles, and increasing complexity in contemporary vehicles.
What Will Be the Size of the Advanced Driver Assistance Systems (ADAS) Market by 2029?
The market size for advanced driver assistance systems (ADAS) is projected to undergo swift expansion in the forthcoming years, elevating to $88.16 billion by 2029, with a compound annual growth rate (CAGR) of 15.5%. The predicted growth within this period is primarily due to the escalating necessity for semi-autonomous and autonomous vehicles, the need for precise and effective problem diagnosis to minimize repair time and expenses, growing investment in artificial intelligence (AI) for ADAS, and incorporation of vehicle-to-everything (V2X) communication. Key trends during this forecast phase will comprise the development of AI-inspired driver monitoring systems, integration of augmented reality (AR) in head-up displays, improved connection through advanced sensors, evolution of automated parking systems, and the incorporation of machine learning for better decision-making in ADAS.
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What Are the Key Drivers Accelerating Growth in the Advanced Driver Assistance Systems (ADAS) Market?
The escalating mandates from the government for obligatory execution of ADAS in automobiles are driving the growth of the advanced driver assistance systems market. To reinforce safety and ease of driving for vehicle occupants and commuters, governments worldwide are mandating the integration of ADAS in their vehicles. For example, as of July 2022, new requirements have been enforced in the EU, stipulating that newly manufactured vehicles must be equipped with ADAS in a bid to enhance road safety. This legal directive is centered on boosting the overall safety of motor vehicles, protecting those inside the vehicle and vulnerable commuters, ultimately aiming to reduce road collision rates. Consequently, the escalating government regulations for mandatory ADAS integration in automobiles are fueling the expansion of the advanced driver assistance systems market.
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How Is the Advanced Driver Assistance Systems (ADAS) Market Segmented by Type, Application, and Region?
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
What Are the Key Trends Driving Growth in the Advanced Driver Assistance Systems (ADAS) Market?
The emergence and progression of technology are instigating notable trends in the ADAS market. To consolidate their positioning and prominence, major players in this market are focusing on the development and integration of novel technology-based solutions like sensor fusion, HMI, embedded vision, software infrastructure, and autosar into their product line. For example, Rockwell Automation, a renowned American industrial automation and digital transformation firm, unveiled the Logix Safety Instrumented System (SIS) in September 2024. The system, which boasts both SIL 2 and SIL 3 certifications, was developed to cater to the needs of contemporary industrial spaces and enhancing process safety through the employment of sophisticated hardware and software functionalities.
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Who Are the Leading Companies Driving Growth in the Advanced Driver Assistance Systems (ADAS) Market?
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.
Which Is the Leading Region in the Global Advanced Driver Assistance Systems (ADAS) Market?
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
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