Pragma Market Research

Global Advanced Driver Assistance Systems (ADAS) Market Overview 2023: Size, Share, Trends and Regional Analysis | Forecast to 2028

Posted on 26-June-2023

Advanced Driver Assistance Systems (ADAS) is a set of technologies that help drivers to operate vehicles safely and efficiently. ADAS systems use sensors, such as cameras, radar, and lidar, to collect data about the surrounding environment. This data is then used to provide drivers with warnings and alerts or to take corrective action automatically.

The global Advanced Driver Assistance Systems (ADAS) market is projected to reach $XX billion by 2028, according to a new report by Pragma Market Research. The market is expected to grow at a CAGR of XX% from 2023 to 2028.
The growth of the market is being driven by the increasing demand for safety features in vehicles. ADAS systems can help to prevent accidents by providing drivers with warnings and assistance. The rising demand for autonomous vehicles is also driving the growth of the market. ADAS systems are essential for autonomous vehicles, as they help to ensure the safety of passengers and pedestrians.

Key players: AUDI AG, Baidu, BMW Group, Daimler AG, Delphi, FCA Italy S.p.A., Ford Motor Company, General Motors, MAN SE, Nissan Motor Co., Ltd, Tesla, Inc., Toyota Motor Corporation, Volkswagen AG, Volvo Group, Waymo LLC, Zoox Inc.

The global Advanced Driver Assistance Systems (ADAS) market is segmented by offering a solution, sensor type, vehicle automation level, vehicle type, end-user, and region:

By offering solutions, the market is segmented into hardware and software. Hardware is the most widely used offering solution, as it includes the sensors, actuators, and control units that are used to operate ADAS systems. Software is also a growing market, as it includes the algorithms and software that are used to process data from the sensors and control the actuators.

By sensor type, the market is segmented into camera, radar, and ultrasonic. The camera is the most widely used sensor type, as it provides a wide field of view and can be used to detect objects in a variety of conditions. Radar is also a popular sensor type, as it can detect objects at a longer range than cameras. Ultrasonic sensors are used to detect objects near the vehicle.

By vehicle automation level, the market is segmented into level 1, level 2, level 3, level 4, and level 5. Level 1 ADAS systems provide basic safety features, such as lane departure warning and forward collision warning. Level 2 ADAS systems can take over some driving tasks, such as maintaining a safe distance from other vehicles and keeping the vehicle in its lane. Level 3 ADAS systems can take over all driving tasks under certain conditions. Level 4 ADAS systems can drive the vehicle autonomously in all conditions. Level 5 ADAS systems are fully autonomous vehicles that do not require a human driver.

By vehicle type, the market is segmented into passenger cars and commercial vehicles. Passenger cars are the largest market for ADAS systems, as they are the most common type of vehicle. Commercial vehicles are also a growing market for ADAS systems, as the demand for safety features in these vehicles is increasing.

By end-user, the market is segmented into OEMs and aftermarkets. OEMs are the major end-users of ADAS systems, as they are responsible for installing ADAS systems in new vehicles. The aftermarket is also a growing market, as ADAS systems can be retrofitted into existing vehicles.

By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for ADAS systems, followed by Europe. Asia Pacific is the fastest-growing market for ADAS systems, as the demand for safety features in vehicles is increasing in this region.

Some of the key points of the Advanced Driver Assistance Systems (ADAS) Market are as follows:

Advanced Driver Assistance Systems (ADAS) Market Drivers

There are several factors driving the growth of the ADAS market, including:

  • Government regulations: Governments around the world are mandating the use of ADAS systems in new vehicles.
  • Increasing demand for safety features: Drivers are increasingly demanding safety features in their vehicles. This is due to the rising number of traffic accidents and fatalities.
  • Advances in technology: Advances in sensor technology, such as cameras, radar, and lidar, are making ADAS systems more affordable and reliable.

ADAS Market Challenges

There are a few challenges that the ADAS market faces, including:

  • High cost: ADAS systems can be expensive to install in vehicles. This is a barrier to entry for some automakers and consumers.
  • Complexity: ADAS systems are complex to design and manufacture. This can lead to reliability issues and recalls.
  • Liability concerns: There are concerns about the liability of automakers and technology companies in the event of an accident caused by an ADAS system.

ADAS Market Opportunities

The ADAS market offers several opportunities for automakers, technology companies, and suppliers. These opportunities include:

  • The development of new ADAS features: There is a growing demand for new ADAS features, such as automatic lane change assist and adaptive cruise control.
  • The growth of the autonomous vehicle market: The development of autonomous vehicles will require the use of ADAS systems. This will create new opportunities for the ADAS market.
  • The growth of the aftermarket ADAS market: The aftermarket ADAS market is growing rapidly. This is due to the increasing demand for safety features from consumers and the rising cost of installing ADAS systems in new vehicles.

Overall, the global Advanced Driver Assistance Systems (ADAS) market is expected to grow at a significant rate in the coming years. The growth of the market will be driven by the increasing demand for safety features in vehicles and the rising demand for autonomous vehicles.

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