Advanced Driver Assistance Systems (ADAS) Market Size, Share and Growth Analysis Report By System Type IPA, LDW, RSR, TPMS, NVS, AEB, ACC, AFL, BSD, CTA, DMS, FCW and Others; By Sensor Type: Image Sensor, LiDAR Sensor, Radar Sensor, Ultrasonic Sensor, Infrared (IR) Sensor and Laser Sensor; By Vehicle Type: Passenger Car, Light Commercial Vehicle, Truck and Bus - Global Industry Analysis, Regional Outlook and Segment Forecasts 2020 - 2027


The global advanced driver assistance systems (ADAS) market size was valued at USD 32.3 billion in 2019 and expected to reach US$ 142 bn by 2027, growing at a compound annual growth rate (CAGR) of 11.6% from 2020 to 2027.

Advanced Driver Assistance Systems (ADAS) Market Size 2020 To 2027

The growth of advanced driver assistance systems (ADAS) market is mainly attributed to increasing consumers’ preferences for safety and comfort features and growing demand from premium and luxury cars. Furthermore, government initiative towards passenger safety and decreasing system and component costs is estimated to fuel the demand for ADAS market. However, ongoing COVID-19 pandemic is expected to impact the spending of government on infrastructure activities and adversely affect the ADAS market. Even so, ongoing technology advancement in sensor tech is expected to open up new avenue for ADAS market in near future.

System Type Analysis

Driver Monitoring System (DMS) and Night Vision System (NVS) system are expected be to key system type segments in years to come. The growth of these segments is manly driven by government initiative to reduce road accidents. Moreover, rising luxury and premium car market is estimated to support the growth of driver monitoring system (DMS) and night vision system (NVS) system in forecast period.

Sensor Type Analysis

Based on sensor type, the advanced driver assistance systems market is classified into image sensors, ultrasonic sensors, LiDAR, radar sensors, infrared (IR) sensors and laser sensors.

Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, 2020 (%)

Increasing research and development activities by market players on ADAS sensors is expected to support the sensor type segment coming years. Radar sensor segment is estimated to have largest revenue share in analysis period owing to increasing number of accident mainly in Asia Pacific region.

Vehicle Type Analysis

The passenger car segment held the largest market share of over 64% in 2019. This segment is predicted to retain its dominance in ADAS market throughout the analysis period.Rising awareness of road safety amongst consumer/passenger and promoting legislation are the major driving factors for the growth of passenger car segment.

Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, 2020 (%)

In addition, various countries in different region have placed in place laws mandating the introduction of various types of ADAS into the passenger car market. Furthermore, AEB and LDW mandates in various countries such as South Korea and France are expected to propel the demand for passenger car segment in analysis period.

Regional Insights

Europe and North America emerged as a dominant region for global ADAS market in past few years and held for over 70% of the global revenue share. High tech adoption rate and presence of major ADAS market participant is estimated to drive the market for ADAS in near future. As ADAS features are more in demand with customers and cars more than 60 million U.S. vehicle are fitted with ADAS technologies. Some shops have also started to see customers’ demands for aftermarket systems to be integrated in their vehicles.

Advanced Driver Assistance Systems (ADAS) Market Share, By Region, 2020 (%)

Asia Pacific is expected to emerge as fastest growing market for ADAS in years to come and is predicted to grow at a CAGR of 14.8%. South Korea, China and Japan are estimated become as major revenue contributor for ADAS in Asia Pacific advanced driver-assistance systems (ADAS) market in years to come. A number of major ADAS solution providers such as Robert Bosch, Continental and Denso have regional production facilities.

Key Companies & Market Share Insights

The global ADAS market is highly competitive and still is modernly concentrated. The market participant operating in ADAS market are striving to gain higher market share by adopting different business strategies, such as partnerships, agreement and acquisitions & mergers of various player across the value chain. Furthermore, continuous launching of new product to cater the demand from customers, manufactures paying attention to product quality and effective service offering.

Some of the recent activities by market players are as follows:

  • ZF released ZF co ASSIST, a Level 2 + automated driving system, in January 2020, which is the first venture into the Level 2 + modular hardware and software suite and highlights the capabilities of ZF as a complete system supplier. From 2020 ZF will be equipping production vehicles for a major Asian manufacturer with this new ZF system.
  • Veoneer was chosen to have active safety services based on next-generation vision and radar systems in February 2020. Veoneers versatile system has been developed to achieve Euro NCAP 5-star safety ratings and include many driver assistance features such as highway assistance, adaptive cruise control stop and go, traffic sign recognition, lane centering control, automatic emergency braking and automated high beam control.
  • In July 2020, Arbor unveiled an Advanced Driver Assistance System (ADAS) and fleet management Rockchip PX30-based telematics device with an 8-inch touchscreen that aims primarily to improve bus safety.
  • July 2020, Canadian ADAS (advanced driver assistance systems) company LeddarTech announced that it is acquiring Israeli company VayaVision, the maker of an autonomous vehicle vision sensor based platform.
  • July 2020, for its advanced ADAS calibration frame systems, the Regular Calibration System and the MA600 Mobile Calibration System, Autel US has launched three calibration enhancement packages that extend vehicle and application coverage of these calibration solutions.

Some of the prominent players in the advanced driver assistance systems (ADAS) market include:

  • Denso
  • Aptiv
  • Robert Bosch GmbH
  • Continental AG
  • Magna International
  • Veoneer
  • Hyundai Mobis
  • ZF Friedrichshafen
  • Valeo
  • NVIDIA
  • Intel
  • Microsemi Corporation
  • Nidec Corporation
  • Hella
  • Texas Instruments
  • Infineon Technologies AG
  • Hitachi Automotive
  • Renesas Electronics Corporation

Segments Covered in the Report

This research report analyzes and predicts growth of market size at global, regional, and country levels. It also offers comprehensive study of the up-to-date industry developments in all of the sub-segments from 2016 to 2027. In order to study thoroughly this research study categorizes market depending upon different aspects such astype, sensor type, vehicle type, and region:

Advanced Driver Assistance Systems (ADAS) Market Segmentation

 By System Type

  • Intelligent Park Assist (IPA)
  • Lane Departure Warning (LDW)
  • Road Sign Recognition (RSR)
  • Tire Pressure Monitoring System (TPMS)
  • Night Vision System (NVS)
  • Automatic Emergency Braking (AEB)
  • Adaptive Cruise Control (ACC)
  • Adaptive Front Light (AFL)
  • Blind Spot Detection (BSD)
  • Cross Traffic Alert (CTA)
  • Driver Monitoring System (DMS)
  • Forward Collision Warning (FCW)
  • Others

By Sensor Type

  • Image Sensors
  • Ultrasonic Sensors
  • LiDAR
  • Radar Sensors
  • Infrared (IR) Sensors
  • Laser Sensors

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Truck
  • Bus

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World
Request for Customize Report
Precedence offers custom market research services that help clients to get information on their business scenario required.

Frequently Asked Questions

What is the market size of the advanced driver assistance systems market?
According to Precedence Research, the advanced driver assistance systems (ADAS) market size is expected to hit US$ 142 bn by 2027.
The global advanced driver assistance systems (ADAS) market size was valued at USD 32.3 billion in 2019
The advanced driver assistance systems (ADAS) market is growing at a noteworthy CAGR of 11.6% from 2020 to 2027.
The growth of advanced driver assistance systems (ADAS) market is mainly attributed to increasing consumers’ preferences for safety and comfort features and growing demand from premium and luxury cars.
The growth of advanced driver assistance systems (ADAS) market is mainly driven by growing demand for safety and driving comfort features paired with demand for luxury vehicles.
The Advanced driver assistance systems (ADAS) are one of the fastest growing applications in the automotive sectors.The main aim of ADAS feature creation is to make roads safer and better suited to fully autonomous vehicles in the long run.

PROCEED TO BUY

   USD 4999
   USD 7999
   USD 9999

ASK FOR SAMPLE

No cookie-cutter, only authentic analysis – take the 1st step to become an Precedence client

Get a Sample
Address: Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada
Call: +1 9197 992 333
Email: sales@precedenceresearch.com