ADAS Technology Market Size, Share, Trends, Growth Outlook

The Global ADAS Technology Market Size is estimated to register 10.3% growth over the forecast period from 2023 to 2030.

 

The market growth is driven by an increase in the connectivity of vehicles through the Internet of Things (IoT), and there is a rising concern about cybersecurity. As ADAS features become more interconnected and vehicles communicate with each other and infrastructure, the vulnerability to cyber threats also rises. The need for robust cybersecurity measures to protect against hacking and unauthorized access is a significant driver in the ADAS technology market. Manufacturers are focusing on implementing secure communication protocols and encryption to ensure the safety of connected vehicles. Leading Companies focusing on Edge Computing for Real-Time Processing, Regulatory Support and Standardization, Enhanced V2X Communication for Cooperative Driving, and others to boost market shares in the industry.

 

 

Market Overview

The Advanced Driver Assistance Systems (ADAS) technology market is experiencing substantial growth driven by increasing awareness of road safety, stringent government regulations, and consumer demand for advanced safety features. Key components include sensors, control units, and displays, working together to provide functionalities ranging from basic driver assistance to semi-autonomous capabilities. Technological advancements in sensors, artificial intelligence, and machine learning contribute to improved object recognition and reliability. ADAS serves as a foundation for autonomous driving, with the market transitioning from basic assistance systems to advanced autonomous functionalities. Challenges include high costs, data privacy concerns, and the need for standardization. Market players, including automotive manufacturers and tech companies, are actively involved, and consumer adoption is influenced by awareness and trust in these technologies.

 

Market Dynamics

Market Trends- The increasing demand for ADAS technology is fueled by the overarching goal of enhancing road safety and reducing the number of accidents and fatalities.

The surge in demand for Advanced Driver Assistance Systems (ADAS) technology stems from the global emphasis on improving road safety and reducing accidents. Governments' stringent regulations, coupled with consumer preferences, drive automotive manufacturers to integrate ADAS features like collision avoidance and lane departure warning systems. This heightened awareness, combined with advancements in sensor technologies and the integration of artificial intelligence, accelerates the adoption of ADAS. The overarching goal is to create smarter, safer vehicles, with the collaborative efforts of the automotive industry, technology firms, and regulators shaping a future where ADAS significantly contributes to minimizing accidents and enhancing overall driving safety.

 

Market Driver- The continuous advancements in sensor technologies are propelling the growth of the ADAS technology market by enabling the development of more sophisticated and reliable safety features.

Continuous advancements in sensor technologies are driving the ADAS technology market, facilitating the development of sophisticated and reliable safety features. Cutting-edge sensors like radar, lidar, cameras, and ultrasonic sensors contribute to enhanced precision in ADAS functionalities, such as collision avoidance and adaptive cruise control. Improved resolution and processing capabilities enable accurate detection of the vehicle's surroundings, elevating overall system performance. This technological evolution boosts consumer confidence and demand for vehicles with advanced safety technologies, emphasizing the crucial role of sensor innovations in propelling the growth of the ADAS market.

 

Market Opportunity- The burgeoning development of autonomous vehicles and connected cars is driving demand for ADAS technology as a foundation for advanced safety features.

The rising development of autonomous vehicles and connected cars is fueling demand for ADAS technology as a fundamental component of advanced safety features. ADAS serves as a foundational technology in the progression toward autonomy, providing essential safety features. The integration of Vehicle-to-Everything (V2X) communication in connected cars enhances the need for advanced ADAS functionalities, facilitating improved coordination between vehicles and infrastructure. This synergy emphasizes the crucial role of ADAS in shaping the future of intelligent and safer transportation systems.

 

Market Share Analysis-   LiDAR ADAS Technology Market will register the fastest growth

The Global ADAS Technology Market is analyzed across LiDAR, Radar, Camera, Sensors, and others.   LiDAR is poised to register the fastest growth. LiDAR technology plays a pivotal role in the Advanced Driver Assistance Systems (ADAS) market, providing precise and real-time data for various safety and autonomous driving applications. Its ability to create high-resolution 3D maps enhances object detection and recognition, contributing to features like adaptive cruise control and collision avoidance. Ongoing advancements, including the development of solid-state LiDAR, are making the technology smaller, more durable, and potentially cost-effective. Integrated with other sensors, LiDAR forms a comprehensive perception system for vehicles, improving reliability.

 

Market Share Analysis- Adaptive Cruise Control (ACC) held a significant market share in 2023

The Global ADAS Technology Market is analyzed across various Organizations including Adaptive Cruise Control (ACC), Adaptive Front Lights (AFL), Automatic Emergency Breaking (AEB), Blind Spot Detection (BSD), Cross Traffic Alert (CTA), Driver Monitoring Systems (DMS), Forward Collision Warning (FCW), Intelligent Park Assist (IPA), Lane Departure Warning System (LDW), Night Vision System (NVS), Pedestrian Detection System (PDS), Road Sign Recognition (RSR), and others. Of these, Adaptive Cruise Control (ACC) held a significant market share in 2023. Adaptive Cruise Control (ACC) is a key feature in the Advanced Driver Assistance Systems (ADAS) market, utilizing radar or lidar sensors to automatically adjust a vehicle's speed and maintain a safe following distance. Emphasizing safety and convenience, ACC has gained widespread adoption in modern vehicles, meeting consumer demand for enhanced driving experiences. As a foundational technology in the journey towards autonomous driving, ACC plays a crucial role in the evolution of semi-autonomous functionalities. Challenges include adapting to complex traffic scenarios, and future developments may focus on improving interoperability and integrating ACC with emerging technologies like Vehicle-to-Everything (V2X) communication for cooperative driving.

 

ADAS Technology Market Segmentation

By Component

• LiDAR
• Radar
• Camera
• Sensors

By System

• Adaptive Cruise Control (ACC)
• Adaptive Front Lights (AFL)
• Automatic Emergency Breaking (AEB)
• Blind Spot Detection (BSD)
• Cross Traffic Alert (CTA)
• Driver Monitoring Systems (DMS)
• Forward Collision Warning (FCW)
• Intelligent Park Assist (IPA)
• Lane Departure Warning System (LDW)
• Night Vision System (NVS)
• Pedestrian Detection System (PDS)
• Road Sign Recognition (RSR)

By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

ADAS Technology Market Companies

• Aptiv (United States)
• Hitachi Astemo (Japan)
• Autoliv (Sweden)
• Velodyne Lidar (United States)
• Gentex (United States)
• Delphi Technologies (United Kingdom)
• aiMotive (Hungary)
• Synopsys (United States)
• Robert Bosch (Germany)
• Veoneer (Sweden)

 

*List not exhaustive

ADAS Technology Market Outlook 2023

1 Market Overview

1.1 Introduction to the ADAS Technology Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 ADAS Technology Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global ADAS Technology Market Companies with Area Served

4.2.2 Products Offerings Global ADAS Technology Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 post-COVID-19 Scenario- Reference Growth Case

5.1.4 post-COVID-19 Scenario- Low Growth Case

 

6 Global ADAS Technology Market Trends

6.1 Global ADAS Technology Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global ADAS Technology Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global ADAS Technology Revenue (USD Million) and CAGR (%) by regions (2018-2030)

 

7 Global ADAS Technology Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global ADAS Technology Revenue (USD Million) by Type (2018-2022)

7.1.1 Global ADAS Technology Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global ADAS Technology Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global ADAS Technology Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global ADAS Technology Development Regional Status and Outlook

8.1 Global ADAS Technology Revenue (USD Million) By Regions (2018-2022)

8.2 North America ADAS Technology Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America ADAS Technology Revenue (USD Million) by Country (2018-2022)

8.2.2 North America ADAS Technology Revenue (USD Million) by Type (2018-2022)

8.2.3 North America ADAS Technology Revenue (USD Million) by Applications (2018-2022)

8.3 Europe ADAS Technology Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe ADAS Technology Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe ADAS Technology Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe ADAS Technology Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific ADAS Technology Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific ADAS Technology Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific ADAS Technology Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific ADAS Technology Revenue (USD Million) by Applications (2018-2022)

8.5 South America ADAS Technology Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America ADAS Technology Revenue (USD Million), by Country (2018-2022)

8.5.2 South America ADAS Technology Revenue (USD Million) by Type (2018-2022)

8.5.3 South America ADAS Technology Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa ADAS Technology Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa ADAS Technology Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa ADAS Technology Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa ADAS Technology Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global ADAS Technology Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global ADAS Technology Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global ADAS Technology Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global ADAS Technology Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global ADAS Technology Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global ADAS Technology Development Regional Status and Outlook Forecast

11.1 Global ADAS Technology Revenue (USD Million) By Regions (2023-2030)

11.2 North America ADAS Technology Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America ADAS Technology Revenue (USD) Million by Country (2023-2030)

11.2.2 North America ADAS Technology Revenue (USD Million), by Type (2023-2030)

11.2.3 North America ADAS Technology Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe ADAS Technology Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe ADAS Technology Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe ADAS Technology Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe ADAS Technology Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific ADAS Technology Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific ADAS Technology Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific ADAS Technology Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific ADAS Technology Revenue (USD Million), by Applications (2023-2030)

11.5 South America ADAS Technology Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America ADAS Technology Revenue (USD Million), by Country (2023-2030)

11.5.2 South America ADAS Technology Revenue (USD Million), by Type (2023-2030)

11.5.3 South America ADAS Technology Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa ADAS Technology Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa ADAS Technology Revenue (USD Million), by region (2023-2030)

11.6.2 Middle East and Africa ADAS Technology Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa ADAS Technology Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global ADAS Technology Market Companies with Areas Served

Table 3 Products Offerings Global ADAS Technology Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global ADAS Technology Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global ADAS Technology Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global ADAS Technology Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global ADAS Technology Revenue (USD Million) By Type (2018-2022)

Table 11 Global ADAS Technology Revenue Market Share (%) By Type (2018-2022)

Table 12 Global ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Table 13 Global ADAS Technology Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global ADAS Technology Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global ADAS Technology Market Share (%) By Regions (2018-2022)

Table 16 North America ADAS Technology Revenue (USD Million) By Country (2018-2022)

Table 17 North America ADAS Technology Revenue (USD Million) By Type (2018-2022)

Table 18 North America ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe ADAS Technology Revenue (USD Million) By Country (2018-2022)

Table 20 Europe ADAS Technology Revenue (USD Million) By Type (2018-2022)

Table 21 Europe ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific ADAS Technology Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific ADAS Technology Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Table 25 South America ADAS Technology Revenue (USD Million) By Country (2018-2022)

Table 26 South America ADAS Technology Revenue (USD Million) By Type (2018-2022)

Table 27 South America ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa ADAS Technology Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa ADAS Technology Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global ADAS Technology Revenue (USD Million) By Type (2023-2030)

Table 33 Global ADAS Technology Revenue Market Share (%) By Type (2023-2030)

Table 34 Global ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Table 35 Global ADAS Technology Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global ADAS Technology Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America ADAS Technology Revenue (USD)By Country (2023-2030)

Table 38 North America ADAS Technology Revenue (USD Million) By Type (2023-2030)

Table 39 North America ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe ADAS Technology Revenue (USD Million) By Country (2023-2030)

Table 41 Europe ADAS Technology Revenue (USD Million) By Type (2023-2030)

Table 42 Europe ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific ADAS Technology Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific ADAS Technology Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Table 46 South America ADAS Technology Revenue (USD Million) By Country (2023-2030)

Table 47 South America ADAS Technology Revenue (USD Million) By Type (2023-2030)

Table 48 South America ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa ADAS Technology Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa ADAS Technology Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa ADAS Technology Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global ADAS Technology Revenue (USD Million) By Type (2018-2022)

Figure 4 Global ADAS Technology Revenue Market Share (%) By Type (2022)

Figure 5 Global ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global ADAS Technology Revenue Market Share (%) By Applications (2022)

Figure 7 Global ADAS Technology Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global ADAS Technology Market Share (%) By Regions (2022)

Figure 9 North America ADAS Technology Revenue (USD Million) By Country (2018-2022)

Figure 10 North America ADAS Technology Revenue (USD Million) By Type (2018-2022)

Figure 11 North America ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe ADAS Technology Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe ADAS Technology Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific ADAS Technology Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific ADAS Technology Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America ADAS Technology Revenue (USD Million) By Country (2018-2022)

Figure 19 South America ADAS Technology Revenue (USD Million) By Type (2018-2022)

Figure 20 South America ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa ADAS Technology Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa ADAS Technology Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa ADAS Technology Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global ADAS Technology Revenue (USD Million) By Type (2023-2030)

Figure 25 Global ADAS Technology Revenue Market Share (%) By Type (2030)

Figure 26 Global ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global ADAS Technology Revenue Market Share (%) By Applications (2030)

Figure 28 Global ADAS Technology Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America ADAS Technology Revenue (USD Million) By Country (2023-2030)

Figure 30 North America ADAS Technology Revenue (USD Million) By Type (2023-2030)

Figure 31 North America ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe ADAS Technology Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe ADAS Technology Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific ADAS Technology Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific ADAS Technology Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America ADAS Technology Revenue (USD Million) By Country (2023-2030)

Figure 39 South America ADAS Technology Revenue (USD Million) By Type (2023-2030)

Figure 40 South America ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa ADAS Technology Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa ADAS Technology Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa ADAS Technology Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa ADAS Technology Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

 

ADAS Technology Market Segmentation

By Component

• LiDAR
• Radar
• Camera
• Sensors

By System

• Adaptive Cruise Control (ACC)
• Adaptive Front Lights (AFL)
• Automatic Emergency Breaking (AEB)
• Blind Spot Detection (BSD)
• Cross Traffic Alert (CTA)
• Driver Monitoring Systems (DMS)
• Forward Collision Warning (FCW)
• Intelligent Park Assist (IPA)
• Lane Departure Warning System (LDW)
• Night Vision System (NVS)
• Pedestrian Detection System (PDS)
• Road Sign Recognition (RSR)

By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)