Automotive ADAS (Advanced Driver Assistance Systems) Market

Automotive ADAS (Advanced Driver Assistance System) Market Outlook

The global automotive ADAS (advanced driver assistance system) market share is estimated to gain a revenue of USD 64,047.75 million in 2024. Our automotive domain experts opine that automotive ADAS providers can expect a promising CAGR of 12.7% through 2034, with a forecast valuation of USD 2,11,710.80 million by 2034.

Attribute	Details
Automotive ADAS (Advanced Driver Assistance System) Market Size, 2023	USD 56,830.30 million
Automotive ADAS (Advanced Driver Assistance System) Market Size, 2024	USD 64,047.75 million
Automotive ADAS (Advanced Driver Assistance System) Market Size, 2034	USD 2,11,710.80 million
Value CAGR (2024 to 2034)	12.7%

Top Trends Boosting the Adoption of Automotive ADAS

• Increasing the purchase of automotive ADAS to monitor the speed and effectively manage road accidents. Players are utilizing adaptive cruise control to manage the pace of automobiles. In tandem with this, surging cases of road accidents are expected to fuel the adoption of automotive ADAS in this regard.
• The rising popularity of ADAS solutions for its adaptive light control among automobile manufacturers.
• Governments across the globe are mandating ADAS systems on freshly manufactured vehicles owing to the widely recognized safety benefits of ADAS.
• Advancements in machine learning (ML) and artificial intelligence (AI) are facilitating the development of improved versions of ADAS features, enhancing the field of automotive ADAS.
• ADAS systems form a critical component in the creation of autonomous vehicles. By equipping vehicles with the ability to sense their surroundings and make prompt decisions, ADAS systems can assist in making autonomous vehicles more reliable and safer. Thus increasing its attractiveness among automakers.

Historical Growth of the Automotive ADAS Market Vs. Forecast Outlook

Attributes	Details
Automotive ADAS Market Size (2023)	USD 56,830.30 million

The global automotive ADAS market is projected to scale from USD 56,830.30 million in 2023 to USD 2,11,710.80 million by 2034, registering a CAGR of 12.7% in the meanwhile. The following factors have been propelling the growth of automotive ADAS industry:

• The increasing focus of governments on reducing car accidents and ensuring that safety-critical functionality is propelling the sales of automotive ADAS.
• Spurring technological advancements in the field of automotive ADAS is shaping the future of the automotive ADAS market.
• Rising encouragement to increase the use of EVs is creating a significant opportunity for ADAS manufacturers. These manufacturers are focusing on efficiently using memory protection units and making their codes more effective.

Category-wise Insights

Ultrasonic Sensors to Acquire Prominent Market Share in Automotive ADAS Market

Leading Technology	Ultrasonic Sensors
Market Share % (2024)	25.1%

As per the recent market estimates by FMI analysts, the ultrasonic sensors are projected to obtain a market share of 25.1% in 2024. The segment growth can be attributed to a rise in the demand for passenger vehicles, accelerating demand for ultrasonic sensors. Further, the adoption of these sensors is surging to facilitate complete vehicle surveillance.

AEB (Autonomous Emergency Braking) to Capture a Larger Market Share

Leading Type	AEB
Market Share % (2024)	56.3%

The AEB segment is expected to account for a leading market share of 56.3% in 2024. Increasing demand for technology that helps reduce and prevent front-end collisions. National Highway Traffic Safety Administration (NHTSA) reported that in 2020, front-end collisions were estimated to be around 60% of all passenger vehicle fatalities in the United States. Therefore, AEB systems are increasingly used to lower the severity and frequency of these collisions as they automatically put brakes on if the system finds an imminent forward collision with another pedestrian, vehicle, or cyclist. Manufacturers are working on making AEB systems cost-effective and sophisticated to boost their accessibility to more customers.

Country-wise Insights

Automakers in China Keeping a Keen Eye on ADAS Technology

Country	China
Forecast CAGR % (2024 to 2034)	13.5%

As per the latest market research by FMI analysts, the ADAS market in China is predicted to expand at an impressive CAGR of 13.5% through 2034. The following factors are contributing to an increase in the sales of ADAS in China:

• Growing acceptance of autonomous driving-as-a-service in China is catapulting the industry growth.
• Increasing adoption of this service, as the cost had taken a drastic plunge over the years.
• A surging count of automakers is finding ways to turn their business models robust and monetize the innovation by introducing ADAS cars with a plethora of new features.

Germany Occupies the Center Stage for the ADAS Market in Europe

Country	Germany
Forecast CAGR % (2024 to 2034)	8.8%

The ADAS market in Germany is anticipated to expand at a CAGR of 8.8% through 2034. Given below are the leading factors that are yielding growth in the ADAS market:

• Increasing regulatory authorities in the country focusing on enhancing passenger safety is propelling the adoption of ADAS services.
• Automotive manufacturers in the country are deploying IoT and AI to boost the spontaneity and efficiency linked with the use of ADAS.
• The rising presence of leading automobile players in the country is making Germany the center point of the ADAS market in Europe.

Favorable Government Policies to Promote Safe Driving is Propelling Market Growth in Spain

Country	Spain
Forecast CAGR % (2024 to 2034)	8.5%

The Spain automotive ADAS market is projected to pace at a CAGR of 8.5% through 2034. Given below are the leading factors that are catalyzing the market growth:

• Spain is expected to be a key market for ADAS technology in the upcoming years. With a pool of talent in areas like robotics, big data, AI, and ML, the manufacturers in the country are not facing any workforce shortage.
• Government policies in the country are being drafted in a way that puts significant emphasis on road safety, which is instrumental in boosting the growth of automotive ADAS technology.

Automotive ADAS Adoption Rises in Canada as New Features like Multifunctional Sensors Make their Debut

Country	Canada
Forecast CAGR % (2024 to 2034)	9.7%

The Canada automotive ADAS market is projected to expand at a promising CAGR of 9.7% through 2034. Key factors that are supporting the sales of automotive ADAS are as follows:

• Increasing adoption of multifunctional sensors in autonomous cars owing to their ability to perform as transceivers and offer mechanical simulation to initiate proactive measures. Automakers are integrating their product offerings with these sensors to increase the safety quotient of cars for driver protection.
• Surging acquisitions and joint ventures among key players to give a boost to their annual revenue generation and market share.
• Business owners in Canada are seeking innovative ideas to lower the rate of road mishaps in the country, thus creating positive prospects for using ADAS in vehicles. This is expected to scale up the market size of automotive ADAS in Canada.

Alliance of OEM Manufacturers and ADAS Distributors to Augment Market in Japan

Country	Japan
Forecast CAGR % (2024 to 2034)	13.6%

The Japan automotive ADAS market is forecast to expand at a robust CAGR of 13.6% through 2034. The following factors are catapulting the growth of automotive ADAS market in Japan:

• Rising sales of premium vehicles in the country, in addition to constant technological updates in automotive electronics, are creating a positive outlook for the sales of automotive ADAS in the country.
• Manufacturers are focusing on equipping advanced driver assistance systems with fusion sensor technology to allow inputs from various electronic devices like lidars, ADAS cameras, radars, etc., to make driving safer.
• Surging adoption of electric cars in Japan to widen the scope of ADAS in the country.

Strategic Moves of Market Players

Market players are utilizing AI, IoT, and ML to boost accuracy related to ADAS systems. Additionally, new changes are also being presented in the hardware architecture of ADAS to ascertain that high-quality microprocessors are employed for process efficiency. Further, key players are concentrating their efforts on condition monitoring of power transmission systems to offer digital condition monitoring of vehicle technology. Market participants are collaborating strategically with key players from other niches to create better-quality services.

Recent Developments in the Market

• ZF Friedrichshafen AG utilized an entire range of truck-trailer technologies in October 2022 to set a new industry benchmark for efficiency and safety.
• Continental AG executed smart mobility on two wheels in October 2022, thus offering motorcycle connectivity without needing a smartphone.

Scope of Automotive ADAS (Advanced Driver Assistance System) Market Report

Attribute	Details
Forecast Period	2019 to 2023
Historical Data Available for	2024 to 2034
Market Analysis	Units for Volume and USD million for Value
Key Regions Covered	North America; Latin America; Europe; Asia Pacific Except Japan; The Middle East and Africa
Key Countries Covered	The United States, Canada, Brazil, Mexico, Germany, the United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Market Segments Covered	System, Battery Type, Technology, and Region
Key Companies Profiled	Robert Bosch GmbH; Continental AG; ZF Friedrichshafen AG; DENSO Corporation; Mobileye; Aptiv Plc; Veoneer Inc.; Autoliv Inc.; Valeo SA; Magna International; Aisin Seiki Co. Ltd.; Panasonic Corporation; Texas Instruments; NVIDIA Corporation; NXP Semiconductors NV; Renesas Electronics Corporation; Intel Corporation; Hitachi; Harman International Industries

Key Providers of Automotive ADAS

• Robert Bosch GmbH
• Continental AG
• ZF Friedrichshafen AG
• DENSO Corporation
• Mobileye
• Aptiv Plc
• Veoneer Inc.
• Autoliv Inc.
• Valeo SA
• Magna International
• Aisin Seiki Co. Ltd.
• Panasonic Corporation
• Texas Instruments
• NVIDIA Corporation
• NXP Semiconductors NV
• Renesas Electronics Corporation
• Intel Corporation
• Hitachi
• Harman International Industries

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By System
  • 5.1. Standard
  • 5.2. Folding
  • 5.3. Self-Balancing
  • 5.4. Maxi
  • 5.5. Three-Wheeled
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Battery Type
  • 6.1. Li-ion
  • 6.2. NiMH
  • 6.3. Lead-Based
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
  • 7.1. Plug-In
  • 7.2. Battery
• 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Western Europe
  • 8.4. Eastern Europe
  • 8.5. South Asia and Pacific
  • 8.6. East Asia
  • 8.7. Middle East and Africa
• 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. Robert Bosch GmbH
  • 18.2. Continental AG
  • 18.3. ZF Friedrichshafen AG
  • 18.4. DENSO corporation
  • 18.5. Mobileye
  • 18.6. Aptiv Plc
  • 18.7. Veoneer Inc.
  • 18.8. Autoliv Inc.
  • 18.9. Valeo SA
  • 18.10. Magna International
  • 18.11. Aisin Seiki Co. Ltd.
  • 18.12. Panasonic Corporation
• 19. Assumptions & Acronyms Used
• 20. Research Methodology