ADVANCED DRIVER ASSISTANCE SYSTEMS (ADAS) MARKET TO REACH USD 122.91 BILLION IN 2024 | CAGR 19.9% – FORENCIS RESEARCH
Advanced Driver Assistance Systems (ADAS) Market: Summary
The global advanced driver assistance systems (ADAS) market is estimated to reach USD 122.91 Billion in 2024 at a CAGR of 19.9%. Increase demand while comfort for driving, high demand for safety features and government regulations regarding safety systems is expected to drive the ADAS market during the forecast period. However, Expensive and availability limited to premium vehicles is expected to restrain the market during the forecast period. Demand in driving reliability & innovation in automotive safety and demand of autonomous vehicle is expected to become an opportunity for ADAS market.
Advanced Driver Assistance Systems (ADAS) Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global ADAS market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. Based on system, the ADAS market can be segmented into adaptive cruise control (ACC), lane departure warning systems (IDWS), forward collision warning systems (FCWS), traffic sign recognition system (TSRS), tire pressure monitoring systems (TMPS), night vision system (NVS), pedestrian detection system (PDS), and others. The segmentation by components includes camera, LiDAR sensor, radar sensor, laser, infrared sensors, vision sensor, ultrasonic sensor. The segmentation by vehicle type includes passenger cars, light commercial vehicles, buses and trucks. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, and the Rest of the World, with individual country-level analysis.
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Advanced Driver Assistance Systems (ADAS) Market: Report Scope
The report on the ADAS market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019-2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million) Volume (Units)
System, Components, Vehicle Type and Region
Asia-Pacific, North America, Europe, South America, Rest of the World
- Autoliv Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Bosch Limited
- Continental AG
- DENSO CORPORATION.
- HELLA GmbH & Co.
- Hitachi Automotive Systems, Ltd.
- HYUNDAI MOBIS.
- Magna International Inc.
- NVIDIA Corporation
- ZF Friedrichshafen AG
- Other Key Companies
Forencis Research follows robust and deep dive research methodologies to deliver accurate – current, estimated and forecasted market data. Our extensive primary and secondary research help in deriving reliable qualitative and quantitative data to provide verified market insights. Our research team tracks historic trends, existing and recent market dynamics, growth prospects, competitor landscape, and the entire value chain dynamics to attain reliable industry facts to reach accurate market estimates. Primary research is conducted through thorough interviews and detailed surveys with the Key Industry Experts and related participants across the value chain. Secondary research entails acquiring data through paid and reliable databases such as annual reports, SEC filings, research publications, association publications, investor presentations, white papers and other sources. All the above-obtained information is further processed and collated with our existing database prior to its presentation in our publications.
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Key Questions answered by the report
- What are the major developments impacting the ADAS market and its growth?
- What will be the effects of the developments in the ADAS market on the industry and on the market players in the near and far future?
- What are the evolving types of the ADAS market?
- What are the evolving applications of ADAS market?
- What are the major characteristics that will affect the ADAS market growth during the study period?
- Who are the key players operating in the ADAS market?
- How are the major players leveraging in the existing market conditions?
- ADAS Market Providers
- ADAS Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of ADAS Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
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Key Questions Answered by the Report
- Major factors impacting the market and its growth
- Evolving Types of the various products in the Market
- Evolving Application of the various products in the Market
- Growing countries in the Global Market
- Effects of the developments in the market on the industry and on the market players
- Key market developments undertaken by the leading players
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