Advanced Driver Assistance Systems Market Size Analysis and Top Companies
The global advanced driver assistance systems (ADAS) market size is expected to reach around USD 158.24 bn by 2032 from USD 50.34 billion in 2023 and growing at a compound annual growth rate (CAGR) of 13.8% from 2023 to 2032. The top companies operating in the advanced driver assistance systems market are Denso, Aptiv, Robert Bosch GmbH, Continental AG, Magna International, Veoneer, Hyundai Mobis, ZF Friedrichshafen, Valeo, NVIDIA, Intel, Microsemi Corporation, Nidec Corporation, Hella.
Market Report Coverage
| Report Highlights |
Details |
| Market Size by 2032 |
USD 158.24 Billion |
| Market Size in 2023 |
USD 50.34 Billion |
| Growth Rate |
CAGR of 13.8% from 2023 to 2032 |
| Largest Market |
Europe and North America |
| Fastest Growing Market |
Asia Pacific |
| Base Year |
2022 |
| Forecast Period |
2023 to 2032 |
| Segments Covered |
System Type, Vehicle Type, Sensor Type, Electric Vehicle, Level of Autonomy, Region Type |
Advanced Driver Assistance Systems Key Players
- 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
Recent Developments
- In July, 2021, Magna International Inc. acquired Veoneer, a leader in automotive safety technology to strengthen and broaden its ADAS portfolio and industry position.
- In April, 2021, Denso Corporation developed advanced driver assistance products for new Lexus LS, and Toyota Mirai.
- 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.
- In February 2020, Continental AG built a new plant for the manufacturing of radar sensors in Texas, US.
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