Global Advanced Driver Assistance Systems (ADAS) Market Size/Share Worth USD 81.17 Billion by 2032 at an 18.2% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

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[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Advanced Driver Assistance Systems (ADAS) Market size & share revenue was valued at approximately USD 18.2 Billion in 2022 and is expected to reach USD 24.50 billion in 2023 and is expected to reach around USD 81.17 Billion by 2032, at a CAGR of 18.2% between 2023 and 2032. The key market players listed in the report with their sales, revenues and strategies are 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, and others.

Austin, TX, USA, June 05, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Advanced Driver Assistance Systems (ADAS) Market Size, Trends and Insights By System Type (Intelligent Park Assist (IPA), Lane Departure Warning (LDW), Road Sign Recognition (RSR), Tire Pressure Monitoring System (TPMS), Night Vision System (NVS), Automatic Emergency Braking (AEB), Adaptive Cruise Control (ACC), Adaptive Front Light (AFL), Blind Spot Detection (BSD), Cross Traffic Alert (CTA), Driver Monitoring System (DMS), Forward Collision Warning (FCW), Others), By Sensor Type (Image Sensors, Ultrasonic Sensors, LiDAR, Radar Sensors, Infrared (IR) Sensors, Laser Sensors), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Truck, Bus), By Level of Autonomy (L1, L2, L3, L4, L5), By Electric Vehicle (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Advanced Driver Assistance Systems (ADAS) Market size & share was valued at approximately USD 18.2 Billion in 2022 and is expected to reach USD 24.50Billion in 2023 and expected to reach a value of around USD 81.17 Billion by 2032, at a compound annual growth rate (CAGR) of about 18.2% during the forecast period 2023 to 2032.”

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Advanced Driver Assistance Systems ADAS Market: Growth Factors and Dynamics

The Advanced Driver Assistance Systems Market is experiencing significant growth due to several factors. The increasing focus on safety and rising demand for luxury vehicles are driving the demand for ADAS systems. Consumers are willing to pay for advanced safety features that provide enhanced protection and peace of mind. Additionally, governments around the world are mandating the use of advanced safety features in vehicles to reduce the number of accidents and fatalities on the roads.

Another key growth driver for the ADAS market is the development of autonomous driving technology. ADAS systems are a crucial component of autonomous vehicles, and as technology advances, the demand for ADAS systems is expected to increase significantly.

Furthermore, the growing trend of electrification in the automotive industry is expected to drive the adoption of ADAS systems. As electric vehicles become more mainstream, the need for advanced safety features to protect their battery systems and ensure their safe operation will increase.

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Report Scope

Feature of the Report Details
Market Size in 2022 USD 18.2 Billion
Projected Market Size in 2032 USD 81.17 Billion
Market Size in 2023 USD 24.50 Billion
CAGR Growth Rate 18.2% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Solution Type, Component Type, Vehicle Type, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
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(Please note that the sample of the Advanced Driver Assistance Systems (ADAS) report has been modified to include the COVID-19 impact study prior to delivery.)

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Advanced Driver Assistance Systems ADAS Market: COVID-19 Analysis

The COVID-19 pandemic has affected the global economy, and the automotive industry is no exception. The ADAS market has also been impacted by the pandemic. During the initial phase of the pandemic, the market experienced a decline in demand due to the halt in production and supply chain disruptions. However, with the easing of restrictions and resumption of production, the market has gradually recovered.

The pandemic has also accelerated the adoption of ADAS technology in vehicles, as it helps in maintaining social distancing and reduces the need for human intervention while driving. The trend of contactless technology has also boosted the demand for ADAS systems. Additionally, governments across the world are implementing stringent regulations and guidelines to ensure road safety, which has further increased the demand for ADAS systems.

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The adoption of ADAS technology is expected to increase in the coming years as consumers become more aware of the benefits of these systems in terms of safety and convenience. In general, while the COVID-19 pandemic initially impacted the ADAS market, it has also accelerated its adoption in the long run due to changing consumer preferences and government regulations.

Key questions answered in this report:

  • What is the size of the Advanced Driver Assistance Systems (ADAS) market and what is its expected growth rate?
  • What are the primary driving factors that push the Advanced Driver Assistance Systems (ADAS) market forward?
  • What are the Advanced Driver Assistance Systems (ADAS) Industry’s top companies?
  • What are the different categories that the Advanced Driver Assistance Systems (ADAS) Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Advanced Driver Assistance Systems (ADAS) market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2023−2032
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Advanced Driver Assistance Systems (ADAS) Market – Regional Analysis

The Advanced Driver Assistance Systems (ADAS) market is segmented into several regions, including North America, Europe, Asia Pacific, Middle East & Africa, and South America.

  • North America is expected to dominate the market in 2023, accounting for a significant share of the overall market. The growth of the market in this region can be attributed to the increasing demand for luxury vehicles and high-end technologies in the automotive industry. The presence of key players such as General Motors, Ford Motor Company, and Tesla Inc. is also driving the growth of the ADAS market in this region.
  • Europe is also expected to witness significant growth in the ADAS market over the forecast period. The European Union has introduced several regulations mandating the integration of several types of ADAS in passenger vehicles to improve road safety standards. The presence of leading automotive companies such as BMW, Volkswagen, and Daimler AG is also driving the growth of the market in this region.
  • The Asia Pacific region is anticipated to experience substantial growth in the ADAS market, owing to the growing demand for passenger cars in developing countries such as China and India. The rising awareness of road safety and the increasing adoption of advanced technologies are driving the growth of the market in this region.
  • The Middle East & Africa and South America regions are expected to witness steady growth in the ADAS market over the forecast period due to the increasing demand for safety features in the automotive industry. The growing investment by leading automotive manufacturers in these regions is also expected to contribute to the growth of the market.

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Browse the full “Advanced Driver Assistance Systems (ADAS) Market Size, Trends and Insights By System Type (Intelligent Park Assist (IPA), Lane Departure Warning (LDW), Road Sign Recognition (RSR), Tire Pressure Monitoring System (TPMS), Night Vision System (NVS), Automatic Emergency Braking (AEB), Adaptive Cruise Control (ACC), Adaptive Front Light (AFL), Blind Spot Detection (BSD), Cross Traffic Alert (CTA), Driver Monitoring System (DMS), Forward Collision Warning (FCW), Others), By Sensor Type (Image Sensors, Ultrasonic Sensors, LiDAR, Radar Sensors, Infrared (IR) Sensors, Laser Sensors), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Truck, Bus), By Level of Autonomy (L1, L2, L3, L4, L5), By Electric Vehicle (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/advanced-driver-assistance-systems-market/


List of the prominent players in the Advanced Driver Assistance Systems ADAS Market:

  • 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
  • Others

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The Advanced Driver Assistance Systems ADAS Market is segmented as follows:

 By System Type

  • Intelligent Park Assist (IPA)
  • Lane Departure Warning (LDW)
  • Road Sign Recognition (RSR)
  • Tire Pressure Monitoring System (TPMS)
  • Night Vision System (NVS)
  • Automatic Emergency Braking (AEB)
  • Adaptive Cruise Control (ACC)
  • Adaptive Front Light (AFL)
  • Blind Spot Detection (BSD)
  • Cross Traffic Alert (CTA)
  • Driver Monitoring System (DMS)
  • Forward Collision Warning (FCW)
  • Others

By Sensor Type

  • Image Sensors
  • Ultrasonic Sensors
  • LiDAR
  • Radar Sensors
  • Infrared (IR) Sensors
  • Laser Sensors

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Truck
  • Bus

By Level of Autonomy

  • L1
  • L2
  • L3
  • L4
  • L5

By Electric Vehicle

  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

Click Here to Get a Free Sample Report of the Global Advanced Driver Assistance Systems (ADAS) Market  @ https://www.custommarketinsights.com/report/advanced-driver-assistance-systems-market/

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Advanced Driver Assistance Systems (ADAS) Market Research/Analysis Report Contains Answers to the following Questions.

  • What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Advanced Driver Assistance Systems (ADAS) Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Advanced Driver Assistance Systems (ADAS) Market? What Was the Capacity, Production Value, Cost and PROFIT of the Advanced Driver Assistance Systems (ADAS) Market?
  • What Is the Current Market Status of the Advanced Driver Assistance Systems (ADAS) Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Advanced Driver Assistance Systems (ADAS) Market by Considering Applications and Types?
  • What Are Projections of the Global Advanced Driver Assistance Systems (ADAS) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Advanced Driver Assistance Systems (ADAS) Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Advanced Driver Assistance Systems (ADAS) Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Advanced Driver Assistance Systems (ADAS) Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Advanced Driver Assistance Systems (ADAS) Industry?

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Reasons to Purchase Advanced Driver Assistance Systems (ADAS) Market Report

  • Advanced Driver Assistance Systems (ADAS) Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Advanced Driver Assistance Systems (ADAS) Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Advanced Driver Assistance Systems (ADAS) Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Advanced Driver Assistance Systems (ADAS) Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Advanced Driver Assistance Systems (ADAS) market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Advanced Driver Assistance Systems (ADAS) market analysis.
  • The competitive environment of current and potential participants in the Advanced Driver Assistance Systems (ADAS) market is covered in the report, as well as those companies’ strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  •  Participants and stakeholders worldwide Advanced Driver Assistance Systems (ADAS) market should find this report useful. The research will be useful to all market participants in the Advanced Driver Assistance Systems (ADAS) industry.
  •  Managers in the Advanced Driver Assistance Systems (ADAS) sector are interested in publishing up-to-date and projected data about the worldwide Advanced Driver Assistance Systems (ADAS) market.
  •  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Advanced Driver Assistance Systems (ADAS) products’ market trends.
  •  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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