Advanced Driver Assistance Systems Industry
The global advanced driver assistance system market size is expected to reach USD 66.56 billion by 2030, expanding at a CAGR of 11.0% from 2023 to 2030, according to a new report by Grand View Research, Inc The growing government initiatives toward deploying driver assistance systems to mitigate road accidents are anticipated to contribute to the market growth. The surge in the adoption of advanced driver assistance system (ADAS) in small cars is anticipated to further boost the growth of the market over the forecast period.
Increasing levels of technological innovation and surge in the initiatives undertaken toward self-driving cars and vehicle automation have elevated the demand for driver safety and assistance systems over the past decade. For instance, the European Union has mandated automotive manufacturers to fit ADAS systems, including Autonomous Emergency Braking Systems (AEBS) and Lane Departure Warning Systems (LDWS), in all heavy commercial vehicles that weigh over 7,000 kilograms.
The demand for ADAS technologies such as road sign recognition systems, drowsiness monitoring systems, and night vision systems is expected to increase considerably over the forecast period. Tire pressure monitoring systems are also projected to have substantial penetration in the overall market due to their easy aftermarket availability and low prices. Adaptive cruise control offers better driver safety and aids in avoiding fatal road accidents. All these factors are expected to propel market growth by 2030.
The sensor segment accounted for the largest market share of more than 31.9% in 2022. The automotive industry is witnessing an increase in self-driving vehicles on road. These vehicles demand a blend of a large number of sensors such as Lidar, cameras, ultrasonic sensors, and radar for accomplishing different operations accurately. Thus, the demand for sensors is projected to increase significantly over the forecast period. Among the various sensor types, Lidar sensors are expected to gain high traction by 2030 owing to their crucial function in self-driving cars.
Gather more insights about the market drivers, restrains and growth of the Global Advanced Driver Assistance Systems market
Advanced Driver Assistance Systems Market Segments Highlights:
- The response for ADAS processors is predicted to grow at a considerable rate over the forecast period
- The Asia Pacific market is anticipated to witness substantial growth over the forecast period owing to several developments across major economies, especially China
- Key players dominating the market are Hyundai Mobis; Continental AG; Autoliv Inc.; Mobileye; and Magna International among others
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- The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030.
- The global electric vehicle communication controller market size was valued at USD 185.4 million in 2023 and is projected to grow at a CAGR of 32.5% from 2024 to 2030.
Segments Covered in the Report
Grand View Research has segmented the global advanced driver assistance system market based on solution type, component type, vehicle type, and region:
Advanced Driver Assistance System Solution Type Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)
- Adaptive Cruise Control (ACC)
- Blind Spot Detection System (BSD)
- Park Assistance
- Lane Departure Warning (LDWS) System
- Tire Pressure Monitoring System (TPMS)
- Autonomous Emergency Braking (AEB)
- Adaptive Front Lights (AFL)
- Others
Advanced Driver Assistance System Component Type Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)
- Processor
- Sensors
- Radar
- LiDAR
- Ultrasonic
- Others
- Software
- Others
Advanced Driver Assistance System Vehicle Type Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)
- Passenger Car
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Advanced Driver Assistance System Regional Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
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