How Will the Advanced Driver Assistance Systems (ADAS) Market Perform in The Coming Years?
The Advanced Driver Assistance Systems (ADAS) market has seen rapid growth in recent years, expanding from $43.03 billion in 2024 to an anticipated $50.13 billion in 2025 at a compound annual growth rate (CAGR) of 16.5%. This surge can be attributed to increased focus on vehicle safety, regulatory mandates for safety features, burgeoning consumer awareness, integration of ADAS in premium vehicles, and growing vehicle complexity.
Furthermore, the ADAS market is set for accelerated extension in the upcoming years, projecting to reach $91.37 billion in 2029 at a compound annual growth rate (CAGR) of 16.2%. Factors such as growing demand for semi-autonomous and autonomous vehicles, need for accurate and efficient diagnosis of problems, increasing investment in AI for ADAS, and the integration of Vehicle-to-Everything (v2x) communication are working as catalysts for this growth.
Interested individuals can take a closer look at the data via the free sample of the Global Advanced Driver Assistance Systems (ADAS) Market Report available at https://www.thebusinessresearchcompany.com/sample.aspx?id=6078&type=smp
What is Fueling the Growth of The ADAS Market?
Driving the ADAS market growth is the increasing governmental regulations pushing for mandatory ADAS inclusion in vehicles globally. For instance, in July 2022, the European Union enforced new rules requiring new vehicles to be outfitted with ADAS to improve road safety, thereby decreasing road accident numbers.
What Are the Different Categories of The ADAS Market?
The advanced driver assistance systems (ADAS) market report has classified the industry into different segments:
1) By System Type: Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System, Intelligent Parking Assist System (IPAS), Adaptive Cruise Control System, Blind Spot Object Detection System, Lane Departure Warning System, Adaptive Front-lighting System, Other System Types
2) By Offering: Hardware, Software
3) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Buses, Trucks
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Which Are The Key Players In The ADAS Market?
Advanced Driver Assistance Systems (ADAS) market includes prominent companies such as Continental AG, Nippon Denso Co. Ltd., Magna International, Robert Bosch GmbH, NXP Semiconductors NV, ZF Friedrichshafen AG, Autoliv Inc., Valeo SA, Mobileye Global Inc., Hella KGAA Hueck & Co., Aisin Corporation, Infineon Technologies AG, Hyundai Precision Co. Ltd., Aptiv plc, Gentex Corporation, Texas Instruments Inc., STMicroelectronics NV, Renesas Electronics Corporation, ON Semiconductor Corp, Analog Devices Inc., Melexis NV, Ambarella Inc., Nvidia Corporation, Intel Corporation, Qualcomm Inc., Samsung Electronics Co. Ltd., LG Corporation, Panasonic Corporation, Sony Corporation, and Neural Propulsion Systems Inc.
What are The Emerging Trends in The ADAS Market?
A key trend gaining popularity in the ADAS market is technological advancements. Companies are focusing on implementing next-generation ADAS technologies, such as sensor fusion, embedded vision, HMI, software infrastructure, and Autosar. In September 2024, U.S. based company Rockwell Automation introduced Logix Safety Instrumented System (SIS) that offers both Safety Integrity Level (SIL) 2 and SIL 3 certifications.
What is The Regional Overview of The ADAS Market?
North America took the lion’s share of the ADAS market in 2024, while the Asia-Pacific region is set to showcase the fastest growth in the forecast period.
What Does The Advanced Driver Assistance Systems (ADAS) Market Report 2025 Offer?
The Advanced Driver Assistance Systems (ADAS) refer to passive or active electronic systems designed to reduce human error in vehicle operations. These systems use a variety of technologies to assist the driver and improve driving performance. The Advanced Driver Assistance Systems (ADAS) Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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