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Press Release:

Global Advanced Driver Assistance Systems Market to Grow at 11.1% During 2022-2027, Impelled by Rising Demand for Enhanced Safety in Vehicles

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Advanced Driver Assistance Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global advanced driver assistance systems market size reached US$ 23.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 42.7 Billion by 2027, exhibiting a growth rate (CAGR) of 11.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Advanced driver assistance (ADAS) is an electronic system designed to cater safety, efficiency and comfort to the driver. It helps reduce road accidents and traffic congestion and enhances the security of occupants, vehicles and pedestrians. It is equipped with cameras, sensors, radars and related software to facilitate the efficient functioning of the systems. Moreover, it relies on artificial intelligence (AI), autonomous emergency braking, park assistant, blind-spot detection, lane warning departure system and adaptive cruise control.

The rising global population, inflating income levels and the growing automotive sector are among the key factors positively influencing the sales of ADAS systems across the globe. Moreover, these systems assist in automating and improving the vehicles for a better and safe driving experience, which is strengthening the market growth. Apart from this, the rising number of vehicles on roads has increased traffic congestions and instances of accidents worldwide. As a result, governments of various countries are imposing stringent regulations to enhance the safety of vehicles and prevent road accidents. For instance, the National Highway Traffic Safety Administration (NHTSA) in the United States has undertaken numerous initiatives to promote the use of automated vehicles and ADAS systems to reduce road fatalities. The market is anticipated to witness growth in the coming years on account of the increasing inclination of individuals towards improved safety and security features, comfort and luxury in vehicles.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global advanced driver assistance systems market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on solution type, component type and vehicle type.

Breakup by Solution Type:

  • Adaptive Cruise Control
  • Blind Spot Detection System
  • Park Assistance
  • Lane Departure Warning System
  • Tire Pressure Monitoring System
  • Autonomous Emergency Braking
  • Adaptive Front Lights
  • Others
     

Breakup by Component Type:

  • Processor
  • Sensors
    • Radar
    • Ultrasonic
    • LiDAR
    • Others
  • Software
  • Others
     

Breakup by Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Autoliv Inc., Continental AG, Denso Corporation, Hyundai Mobis Co. Ltd (Hyundai Motor Group), Magna International Inc., Mobileye (Intel Corporation), Robert Bosch GmbH, Texas Instruments Incorporated, Valeo and ZF Friedrichshafen AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Solution Type, Component Type, Vehicle Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Autoliv Inc., Continental AG, Denso Corporation, Hyundai Mobis Co. Ltd (Hyundai Motor Group), Magna International Inc., Mobileye (Intel Corporation), Robert Bosch GmbH, Texas Instruments Incorporated, Valeo and ZF Friedrichshafen AG
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Advanced Driver Assistance Systems Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Solution Type
    6.1    Adaptive Cruise Control
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Blind Spot Detection System
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Park Assistance
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Lane Departure Warning System
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Tire Pressure Monitoring System
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Autonomous Emergency Braking
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Adaptive Front Lights
        6.7.1 Market Trends
        6.7.2 Market Forecast
    6.8    Others
        6.8.1 Market Trends
        6.8.2 Market Forecast
7   Market Breakup by Component Type
    7.1    Processor
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2   Sensors
        7.2.1 Market Trends
        7.2.2 Major Types
           7.2.2.1 Radar
           7.2.2.2 Ultrasonic
           7.2.2.3 LiDAR
           7.2.2.4 Others
        7.2.3 Market Forecast
    7.3    Software
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Vehicle Type
    8.1    Passenger Cars
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial Vehicles
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Autoliv Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Continental AG
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Denso Corporation
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Hyundai Mobis Co. Ltd (Hyundai Motor Group)
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
        14.3.5    Magna International Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Mobileye (Intel Corporation)
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Robert Bosch GmbH
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 SWOT Analysis
        14.3.8    Texas Instruments Incorporated
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Valeo
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    ZF Friedrichshafen AG
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 SWOT Analysis

List of Figures

Figure 1: Global: Advanced Driver Assistance Systems Market: Major Drivers and Challenges
Figure 2: Global: Advanced Driver Assistance Systems Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Advanced Driver Assistance Systems Market: Breakup by Solution Type (in %), 2021
Figure 5: Global: Advanced Driver Assistance Systems Market: Breakup by Component Type (in %), 2021
Figure 6: Global: Advanced Driver Assistance Systems Market: Breakup by Vehicle Type (in %), 2021
Figure 7: Global: Advanced Driver Assistance Systems Market: Breakup by Region (in %), 2021
Figure 8: Global: Advanced Driver Assistance Systems (Adaptive Cruise Control) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Advanced Driver Assistance Systems (Adaptive Cruise Control) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Advanced Driver Assistance Systems (Blind Spot Detection System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Advanced Driver Assistance Systems (Blind Spot Detection System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Advanced Driver Assistance Systems (Park Assistance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Advanced Driver Assistance Systems (Park Assistance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Advanced Driver Assistance Systems (Lane Departure Warning System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Advanced Driver Assistance Systems (Lane Departure Warning System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Advanced Driver Assistance Systems (Tire Pressure Monitoring System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Advanced Driver Assistance Systems (Tire Pressure Monitoring System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Advanced Driver Assistance Systems (Autonomous Emergency Braking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Advanced Driver Assistance Systems (Autonomous Emergency Braking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Advanced Driver Assistance Systems (Adaptive Front Lights) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Advanced Driver Assistance Systems (Adaptive Front Lights) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Advanced Driver Assistance Systems (Other Solution Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Advanced Driver Assistance Systems (Other Solution Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Advanced Driver Assistance Systems (Processor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Advanced Driver Assistance Systems (Processor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Advanced Driver Assistance Systems (Sensors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Advanced Driver Assistance Systems (Sensors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Advanced Driver Assistance Systems (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Advanced Driver Assistance Systems (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Advanced Driver Assistance Systems (Other Component Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Advanced Driver Assistance Systems (Other Component Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Advanced Driver Assistance Systems (Passenger Cars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Advanced Driver Assistance Systems (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Advanced Driver Assistance Systems (Commercial Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Advanced Driver Assistance Systems (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Advanced Driver Assistance Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Advanced Driver Assistance Systems Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Advanced Driver Assistance Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Advanced Driver Assistance Systems Industry: SWOT Analysis
Figure 86: Global: Advanced Driver Assistance Systems Industry: Value Chain Analysis
Figure 87: Global: Advanced Driver Assistance Systems Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Advanced Driver Assistance Systems Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Advanced Driver Assistance Systems Market Forecast: Breakup by Solution Type (in Million US$), 2022-2027
Table 3: Global: Advanced Driver Assistance Systems Market Forecast: Breakup by Component Type (in Million US$), 2022-2027
Table 4: Global: Advanced Driver Assistance Systems Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 5: Global: Advanced Driver Assistance Systems Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Advanced Driver Assistance Systems Market: Competitive Structure
Table 7: Global: Advanced Driver Assistance Systems Market: Key Players


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Key Questions Answered in This Report

We expect the global advanced driver assistance systems market to exhibit a CAGR of 11.1% during 2022-2027.

The growing traffic congestion, along with the increasing consumer inclination towards improved safety and security features, comfort and luxury in vehicles, etc., is primarily driving the global advanced driver assistance systems market.
 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous automobile manufacturing units.
 

Based on the component type, the global advanced driver assistance systems market has been divided into processor, sensors, software, and others. Among these, sensors account for the majority of the global market share.
 

Based on the vehicle type, the global advanced driver assistance systems market can be categorized into passenger cars and commercial vehicles. Currently, passenger cars hold the largest market share.
 

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global advanced driver assistance systems market include Autoliv Inc., Continental AG, Denso Corporation, Hyundai Mobis Co. Ltd (Hyundai Motor Group), Magna International Inc., Mobileye (Intel Corporation), Robert Bosch GmbH, Texas Instruments Incorporated, Valeo and ZF Friedrichshafen AG.

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