ADAS Market Poised for Remarkable Growth - Market to Surge to $106.55 Billion by 2030 - ResearchAndMarkets.com

The "ADAS Market by Type, Automation, Component, Vehicle, End Use, and Geography - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

Advanced Driver Assistance Systems (ADAS) market projects a robust growth trajectory with the sector anticipated to soar to $106.55 billion by 2030, expanding at a Compound Annual Growth Rate (CAGR) of 14.0% from 2023.

This surge is primarily propelled by strict vehicle safety regulations, a burgeoning demand for high-end luxury cars, and a rapid integration of advanced comfort and safety technologies.

The in-depth study unveils pivotal market dynamics within the ADAS sector, segmenting the data by system type, automation level, components, vehicle types, end use, and region. The industry analysis emphasizes the escalating importance of ADAS technologies, including sensors and cameras, in enhancing road safety and reducing traffic accidents. According to the National Highway Traffic Safety Administration (NHTSA)'s findings, the implementation of ADAS could prevent approximately 2.7 million crashes and save an estimated 12,000 lives by 2030.

Geographically, Europe is leading the charge in the global ADAS market thanks to its robust automotive sector and a strong presence of component manufacturers. Strategic moves by market leaders in the region are significantly fostering market growth. The report identifies key market players, their shares, competitive landscape, and recent industry advancements. It also examines various market strategies, including mergers and collaborations adopted by these players to maintain and increase their market presence.

By addressing critical questions regarding market segments that are poised for high growth and key regional trends, this analysis serves as a vital resource for stakeholders within the ADAS industry. The report’s findings are poised to guide investors, policymakers, and industry participants in making informed decisions as the market continues to evolve with new technological breakthroughs in ADAS and an increased emphasis on vehicle safety across the globe.

Market Segmentation:

• By system type, blind spot detection systems are forecast to experience the highest growth due to increased safety integration in vehicles.
• Level 3 automation is projected to witness a significant surge owing to rising interests in autonomous vehicles.
• The sensors component segment is expected to grow extensively as demand for emission reduction and hybrid powertrains escalates.
• Electric vehicles are set to dominate the vehicle type segment, spurred by supportive government policies and advancements in battery technology.
• Commercial vehicles are anticipated to lead in the end-use segment, with autonomous and electric commercial vehicles as key contributors.

Key Takeaways:

• The report forecasts significant market growth, providing a detailed segmentation analysis.
• Sensors, electric vehicles, and advanced levels of automation are identified as key growth drivers.
• Europe emerges as a major geographic market with substantial expansion expected.
• Market strategies and the competitive landscape are extensively evaluated.

Key Questions Answered in the Report:

• Which are the high-growth market segments in terms of system type, level of automation, component, vehicle type, end use, and geography?
• What is the historical market size for the ADAS market across the globe?
• What are the market forecasts and estimates for the period 2023-2030?
• What are the major drivers, restraints, opportunities, and challenges in the global ADAS market?
• Who are the major players in the market, and what are their market shares?
• How is the competitive landscape for the global ADAS market?
• What are the recent developments in the global ADAS market?
• What are the different strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the global ADAS market, and how do they compete with other players?

Market Insights

Factors Affecting Market Growth (2023-2030)

• Increasing Integration of Safety and Comfort Features in High-end Vehicles Driving the Adoption of ADAS
• Increasing Developments in the Autonomous Shared Mobility Space Generating Growth Opportunities for Market Stakeholders
• Lack of Supporting Infrastructure in Developing Countries Limiting the Potential of ADAS
• Reducing the Costs of Implementing ADAS to Remain a Major Challenge for Market Players

Case Studies

Value Chain Analysis

Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

• Continental AG (Germany)
• Valeo SA (France)
• Robert Bosch GmbH (Germany)
• ZF Friedrichshafen AG (Germany)
• Aptiv PLC (Ireland)
• Autoliv Inc. (Sweden)
• Denso Corporation (Japan)
• Garmin Ltd. (U.S.)
• Infineon Technologies AG (Germany)
• Magna International Inc. (Canada)
• Mobileye B.V. (Israel)
• Huawei Technologies Co. Ltd. (China)
• Qualcomm Technologies Inc. (U.S.)
• Microsoft (U.S.)
• NXP Semiconductors N.V. (Netherlands)

Scope:

ADAS Market - by System Type

• Blind Spot Detection Systems
• Parking Assistance Systems
• Lane Departure Warning Systems
• Adaptive Front-Lighting Systems
• Forward Collision Warning Systems
• Driver Monitoring Systems
• Night Vision Systems
• Adaptive Cruise Control Systems
• Automatic Emergency Braking Systems
• Tire Pressure Monitoring Systems
• Traffic Sign Recognition Systems
• Pedestrian Detection Systems
• Traffic Jam Assistance Systems

ADAS Market - by Level of Automation

• Level 1
• Level 2
• Level 3

ADAS Market - by Component

• Vision Camera Systems
• Sensors
• LiDAR
• Radar
• Ultrasonic Sensors
• GPS/GNSS Sensors
• ECU
• Software
• Actuators

ADAS Market - by Vehicle Type

• ICE Vehicles
• Petrol Vehicles
• Diesel Vehicles
• CNG Vehicles
• Other Vehicles
• Hybrid Vehicles
• Pure Hybrid Vehicles
• Plug-in Hybrid Vehicles
• Electric Vehicles

ADAS Market - by End Use

• Passenger Vehicles
• Commercial Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

ADAS Market - by Geography

• North America
• U.S.
• Canada
• Asia-Pacific
• China
• Japan
• South Korea
• Indonesia
• Thailand
• India
• Rest of Asia-Pacific
• Europe
• Germany
• France
• U.K.
• Russia
• Sweden
• Netherlands
• Italy
• Spain
• Denmark
• Rest of Europe
• Latin America
• Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/w6i74s

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