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 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Denso
- Aptiv
- Robert Bosch GmbH
- Continental AG
- Magna International
- Veoneer
- Others
Reports Description
As per the current market research conducted by CMI Market Research Team, the global Advanced Driver Assistance Systems Market is expected to record a CAGR of 18.2% from 2022 to 2032. In 2022, the market size is projected to reach a valuation of USD 18.2 billion. By 2032, the valuation is anticipated to reach US$ 81.17 billion.
Advanced Driver Assistance Systems (ADAS) refers to a set of technologies that are designed to enhance driving safety and convenience by assisting drivers in the driving process. ADAS systems are typically equipped with advanced sensors, cameras, and other technologies that can detect potential hazards and alert drivers to take corrective action or automatically take action to prevent accidents. Some common examples of ADAS features include adaptive cruise control, lane departure warnings, blind-spot detection, collision avoidance, and automatic emergency braking.
The ADAS market includes the development and manufacturing of these systems, as well as the sale and distribution of ADAS-enabled vehicles and aftermarket devices.
Advanced Driver Assistance Systems (ADAS) Market – Significant Growth Factors
The Advanced Driver Assistance Systems (ADAS) market is experiencing significant growth, driven by several key factors, including:
- Increasing demand for safer driving conditions: As road safety concerns continue to rise, there is an increasing demand for driving assistance systems that can provide a safer driving experience. This is leading to a surge in the adoption of ADAS systems.
- Government regulations: Governments worldwide are mandating the installation of ADAS features in new vehicles to improve road safety. For instance, the European Union has mandated that all new cars be equipped with automatic emergency braking systems by 2022.
- Technological advancements: Advancements in sensor technology, artificial intelligence, and machine learning are driving the development of more sophisticated ADAS systems, with features such as pedestrian detection, traffic sign recognition, and night vision becoming increasingly common.
- Growing awareness of ADAS benefits: As the benefits of ADAS systems become more widely known, consumers are increasingly opting for vehicles equipped with these features. ADAS systems can reduce the risk of accidents, improve fuel efficiency, and enhance driving comfort and convenience.
- Rise in demand for connected cars: The growing demand for connected cars is driving the development of ADAS systems that can communicate with other vehicles and infrastructure, enhancing their functionality and safety features.
All these factors are contributing to the significant growth of the ADAS market and are expected to continue driving its expansion in the coming years.
Advanced Driver Assistance Systems (ADAS) Market – Mergers and Acquisitions
The Advanced Driver Assistance Systems (ADAS) market has seen a significant number of mergers and acquisitions in recent years, as companies look to expand their product offerings and consolidate their position in the market. Some notable examples of mergers and acquisitions in the ADAS market include:
- Intel’s acquisition of Mobileye: In 2017, Intel acquired Mobileye, a leading provider of ADAS systems and autonomous driving technology, for $15.3 billion. The acquisition has enabled Intel to expand its presence in the ADAS market and accelerate its development of autonomous driving technology.
- Magna International’s acquisition of Veoneer: In 2020, Magna International, a leading supplier of automotive systems and components, acquired Veoneer, a manufacturer of ADAS systems and autonomous driving technology, for $3.8 billion. The acquisition has strengthened Magna’s position in the ADAS market and expanded its product offerings.
- ZF Friedrichshafen’s acquisition of WABCO: In 2020, ZF Friedrichshafen, a leading automotive technology company, acquired WABCO, a manufacturer of ADAS systems and safety technologies, for $7 billion. The acquisition has enabled ZF to expand its product portfolio and enhance its capabilities in the field of commercial vehicle safety systems.
These mergers and acquisitions have enabled companies to strengthen their position in the ADAS market and accelerate their development of new technologies, which will continue to drive the growth of the market in the coming years.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Advanced Driver Assistance Systems (ADAS) Market | Smart Fleet Management Market | India ADAS Market |
| CAGR 18.2% (Approx) | CAGR 9%
(Approx) |
18.80%
(Approx) |
| US$ 81.17 billion by 2032 | US$ 600 Billion by 2030 | USD 9.98 Billion by 2032 |
Advanced Driver Assistance Systems (ADAS) Market – Significant Threats
The Advanced Driver Assistance Systems (ADAS) market is facing several significant threats that could potentially hinder its growth in the coming years. Some of these threats include:
- Cybersecurity concerns: With the increasing use of connected and autonomous vehicles, cybersecurity threats are becoming more prevalent. The risk of hacking or other cyber-attacks on ADAS systems could undermine consumer trust and hinder the adoption of these technologies.
- Regulatory challenges: The regulatory landscape for ADAS systems is complex and constantly evolving, which can create uncertainty for manufacturers and slow down the development and adoption of new technologies.
- Cost considerations: The cost of ADAS systems can be prohibitively high, particularly for lower-end vehicles. As a result, the adoption of these technologies may be limited to higher-end vehicles, which could limit their overall impact on road safety.
- Limited infrastructure: The development of connected and autonomous vehicles requires a significant investment in infrastructure, including sensors, communication networks, and data management systems. The limited availability of this infrastructure could slow down the adoption of ADAS technologies.
- Consumer education: Many consumers are still unfamiliar with ADAS systems and may not fully understand their capabilities and limitations. As a result, there may be a reluctance to adopt these technologies, particularly among older drivers who may be more resistant to change.
Despite these challenges, the ADAS market is expected to continue to grow in the coming years, driven by increasing consumer demand for safer and more convenient driving experiences.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 24.50 Billion |
| Projected Market Size in 2032 | USD 81.17 Billion |
| Market Size in 2022 | USD 18.2 Billion |
| CAGR Growth Rate | 18.2% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| 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 |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
Solution Type Insights:
In the Advanced Driver Assistance Systems (ADAS) market, the tire pressure monitoring system segment emerged as the dominant player in 2023, accounting for a significant market share of 18.7%. The growth of this segment is attributed to the affordable pricing of these systems, enabling small and medium car owners to adopt them as an aftermarket solution.
The market is further segmented into various solution types, including adaptive cruise control, park assistance, blind-spot detection system, lane departure monitoring system, Autonomous Emergency Braking (AEB), tire pressure monitoring system, adaptive front lights, and others.
The autonomous emergency braking segment of the ADAS market is expected to witness robust growth, expanding at a significant CAGR of 22.0% over the forecast period. This growth is fueled by government regulations mandating the installation of these systems in cars manufactured in the U.S. and Europe. The AEB technology is specifically designed to reduce vehicle speed and halt it before it collides with an object. This crucial safety feature is expected to drive the demand for AEB systems in the ADAS market in the coming years.
Components Type Insights:
With the growing significance of vehicle automation, the Lidar sensors segment is expected to gain high traction in the ADAS market. This segment accounted for over 34% of the revenue share in 2023. The market is segmented based on component type, into sensors, processors, software, and others.
The accuracy of ADAS functionality depends primarily on the sensors. A combination of LIDAR, RADAR, ultrasonic, camera, and other sensors work together to provide assistance and ensure safety.
The software segment is anticipated to grow at a CAGR of 20.0% over the forecast period. ADAS software plays a crucial role in collecting and verifying data from all sensors to detect the vehicle’s surroundings and take immediate action to ensure the driver’s safety. The software’s actions can be based on analyzing traffic participants, traffic density, and anticipated traffic scenarios.
Vehicle Type Insights
With a revenue share of over 75%, the passenger car segment dominated the advanced driver assistance systems (ADAS) market in 2023. This growth can be attributed to the increasing demand for safety systems in developing markets due to growing consumer awareness, supportive legislation, and improved road safety standards.
The market is segmented into passenger cars and commercial vehicles based on the type of vehicle. Several countries in Asia Pacific, North America, and Europe have introduced regulations that mandate the integration of various ADAS types in passenger cars.
The European Union has introduced an initiative called Vision Zero, aimed at reducing road deaths to zero by 2050. The regulatory body aims to decrease injuries and fatalities by 50% by the end of 2032. The initiative also mandates main safety features, such as automatic emergency braking, lane departure warning, and attention and drowsiness detection, in new passenger vehicles by 2023.
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.
Competitive Landscape – Advanced Driver Assistance Systems (ADAS) Market
The global Advanced Driver Assistance Systems (ADAS) market is highly competitive, with several established players vying for market share. The market is dominated by major players such as
- 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
These companies are continuously investing in research and development to come up with advanced solutions that cater to the changing needs of consumers. They are also focusing on strategic partnerships and collaborations to expand their global reach and enhance their product portfolios.
For instance, in 2021, Aptiv PLC collaborated with China-based ride-hailing company Didi Chuxing to launch a fleet of autonomous vehicles in China. In the same year, Continental AG collaborated with Vodafone to develop a connectivity platform for its intelligent transportation systems.
Other notable players in the market include Robert Bosch GmbH, Autoliv Inc., ZF Friedrichshafen AG, Hyundai Mobis, Valeo SA, Magna International Inc., and WABCO Holdings Inc. These players are also adopting various strategies such as mergers and acquisitions, product launches, and collaborations to gain a competitive edge in the market.
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)
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- 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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Advanced Driver Assistance Systems Market, (2024 – 2033) (USD Billion)
- 2.2 Global Advanced Driver Assistance Systems Market : snapshot
- Chapter 3. Global Advanced Driver Assistance Systems Market – Industry Analysis
- 3.1 Advanced Driver Assistance Systems Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing demand for safer driving conditions
- 3.2.2 Growing awareness of ADAS benefits
- 3.2.3 Rise in demand for connected cars
- 3.2.4 Technological advancements.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Solution Type
- 3.7.2 Market attractiveness analysis By Component Type
- 3.7.3 Market attractiveness analysis By Vehicle Type
- Chapter 4. Global Advanced Driver Assistance Systems Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Advanced Driver Assistance Systems Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Advanced Driver Assistance Systems Market – Solution Type Analysis
- 5.1 Global Advanced Driver Assistance Systems Market overview: By Solution Type
- 5.1.1 Global Advanced Driver Assistance Systems Market share, By Solution Type, 2022 and – 2033
- 5.2 Adaptive Cruise Control
- 5.2.1 Global Advanced Driver Assistance Systems Market by Adaptive Cruise Control, 2024 – 2033 (USD Billion)
- 5.3 Blind Spot Detection System
- 5.3.1 Global Advanced Driver Assistance Systems Market by Blind Spot Detection System, 2024 – 2033 (USD Billion)
- 5.4 Park Assistance
- 5.4.1 Global Advanced Driver Assistance Systems Market by Park Assistance, 2024 – 2033 (USD Billion)
- 5.5 Lane Departure Warning System
- 5.5.1 Global Advanced Driver Assistance Systems Market by Lane Departure Warning System, 2024 – 2033 (USD Billion)
- 5.6 Tire Pressure Monitoring System
- 5.6.1 Global Advanced Driver Assistance Systems Market by Tire Pressure Monitoring System, 2024 – 2033 (USD Billion)
- 5.7 Autonomous Emergency Braking
- 5.7.1 Global Advanced Driver Assistance Systems Market by Autonomous Emergency Braking, 2024 – 2033 (USD Billion)
- 5.8 Adaptive Front Lights
- 5.8.1 Global Advanced Driver Assistance Systems Market by Adaptive Front Lights, 2024 – 2033 (USD Billion)
- 5.9 Others
- 5.9.1 Global Advanced Driver Assistance Systems Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Advanced Driver Assistance Systems Market overview: By Solution Type
- Chapter 6. Global Advanced Driver Assistance Systems Market – Component Type Analysis
- 6.1 Global Advanced Driver Assistance Systems Market overview: By Component Type
- 6.1.1 Global Advanced Driver Assistance Systems Market share, By Component Type, 2022 and – 2033
- 6.2 Processor
- 6.2.1 Global Advanced Driver Assistance Systems Market by Processor, 2024 – 2033 (USD Billion)
- 6.3 Sensors
- 6.3.1 Global Advanced Driver Assistance Systems Market by Sensors, 2024 – 2033 (USD Billion)
- 6.4 Radar
- 6.4.1 Global Advanced Driver Assistance Systems Market by Radar, 2024 – 2033 (USD Billion)
- 6.5 Ultrasonic
- 6.5.1 Global Advanced Driver Assistance Systems Market by Ultrasonic, 2024 – 2033 (USD Billion)
- 6.6 LiDAR
- 6.6.1 Global Advanced Driver Assistance Systems Market by LiDAR, 2024 – 2033 (USD Billion)
- 6.7 Software
- 6.7.1 Global Advanced Driver Assistance Systems Market by Software, 2024 – 2033 (USD Billion)
- 6.8 Others
- 6.8.1 Global Advanced Driver Assistance Systems Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Advanced Driver Assistance Systems Market overview: By Component Type
- Chapter 7. Global Advanced Driver Assistance Systems Market – Vehicle Type Analysis
- 7.1 Global Advanced Driver Assistance Systems Market overview: By Vehicle Type
- 7.1.1 Global Advanced Driver Assistance Systems Market share, By Vehicle Type, 2022 and – 2033
- 7.2 Passenger car
- 7.2.1 Global Advanced Driver Assistance Systems Market by Passenger car, 2024 – 2033 (USD Billion)
- 7.3 Commercial vehicle
- 7.3.1 Global Advanced Driver Assistance Systems Market by Commercial vehicle, 2024 – 2033 (USD Billion)
- 7.4 Light commercial vehicle
- 7.4.1 Global Advanced Driver Assistance Systems Market by Light commercial vehicle, 2024 – 2033 (USD Billion)
- 7.5 Heavy commercial vehicle
- 7.5.1 Global Advanced Driver Assistance Systems Market by Heavy commercial vehicle, 2024 – 2033 (USD Billion)
- 7.1 Global Advanced Driver Assistance Systems Market overview: By Vehicle Type
- Chapter 8. Advanced Driver Assistance Systems Market – Regional Analysis
- 8.1 Global Advanced Driver Assistance Systems Market Regional Overview
- 8.2 Global Advanced Driver Assistance Systems Market Share, by Region, 2022 & – 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Advanced Driver Assistance Systems Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Advanced Driver Assistance Systems Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Advanced Driver Assistance Systems Market, 2024 – 2033 (USD Billion)
- 8.4 North America Advanced Driver Assistance Systems Market, by Solution Type, 2024 – 2033
- 8.4.1 North America Advanced Driver Assistance Systems Market, by Solution Type, 2024 – 2033 (USD Billion)
- 8.5 North America Advanced Driver Assistance Systems Market, by Component Type, 2024 – 2033
- 8.5.1 North America Advanced Driver Assistance Systems Market, by Component Type, 2024 – 2033 (USD Billion)
- 8.6 North America Advanced Driver Assistance Systems Market, by Vehicle Type, 2024 – 2033
- 8.6.1 North America Advanced Driver Assistance Systems Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Advanced Driver Assistance Systems Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Advanced Driver Assistance Systems Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Advanced Driver Assistance Systems Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Advanced Driver Assistance Systems Market, by Solution Type, 2024 – 2033
- 8.8.1 Europe Advanced Driver Assistance Systems Market, by Solution Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Advanced Driver Assistance Systems Market, by Component Type, 2024 – 2033
- 8.9.1 Europe Advanced Driver Assistance Systems Market, by Component Type, 2024 – 2033 (USD Billion)
- 8.10 Europe Advanced Driver Assistance Systems Market, by Vehicle Type, 2024 – 2033
- 8.10.1 Europe Advanced Driver Assistance Systems Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Advanced Driver Assistance Systems Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Advanced Driver Assistance Systems Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Advanced Driver Assistance Systems Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Advanced Driver Assistance Systems Market, by Solution Type, 2024 – 2033
- 8.12.1 Asia Pacific Advanced Driver Assistance Systems Market, by Solution Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Advanced Driver Assistance Systems Market, by Component Type, 2024 – 2033
- 8.13.1 Asia Pacific Advanced Driver Assistance Systems Market, by Component Type, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Advanced Driver Assistance Systems Market, by Vehicle Type, 2024 – 2033
- 8.14.1 Asia Pacific Advanced Driver Assistance Systems Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Advanced Driver Assistance Systems Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Advanced Driver Assistance Systems Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Advanced Driver Assistance Systems Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Advanced Driver Assistance Systems Market, by Solution Type, 2024 – 2033
- 8.16.1 Latin America Advanced Driver Assistance Systems Market, by Solution Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Advanced Driver Assistance Systems Market, by Component Type, 2024 – 2033
- 8.17.1 Latin America Advanced Driver Assistance Systems Market, by Component Type, 2024 – 2033 (USD Billion)
- 8.18 Latin America Advanced Driver Assistance Systems Market, by Vehicle Type, 2024 – 2033
- 8.18.1 Latin America Advanced Driver Assistance Systems Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Advanced Driver Assistance Systems Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Advanced Driver Assistance Systems Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Advanced Driver Assistance Systems Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Advanced Driver Assistance Systems Market, by Solution Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Advanced Driver Assistance Systems Market, by Solution Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Advanced Driver Assistance Systems Market, by Component Type, 2024 – 2033
- 8.21.1 The Middle-East and Africa Advanced Driver Assistance Systems Market, by Component Type, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Advanced Driver Assistance Systems Market, by Vehicle Type, 2024 – 2033
- 8.22.1 The Middle-East and Africa Advanced Driver Assistance Systems Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Denso Corporation
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Continental AG
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Infineon Technologies AG
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Magna International
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Autoliv Inc.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.1 Denso Corporation
List Of Figures
Figures No 1 to 35
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“North America” region will lead the global Advanced Driver Assistance Systems (ADAS) market during the forecast period 2023 to 2032.
The key factors driving the market are Increasing demand for safer driving conditions, Growing awareness of ADAS benefits, Rise in demand for connected cars and Technological advancements.
The key players operating in the Advanced Driver Assistance Systems (ADAS) market are Denso Corporation, Continental AG, Infineon Technologies AG, Magna International, Autoliv Inc., Others.
The global Advanced Driver Assistance Systems (ADAS) market is expanding growth with a CAGR of approximately 18.2% during the forecast period (2023 to 2032).
The global Advanced Driver Assistance Systems (ADAS) market size was valued at USD 18.2 Billion in 2022 and it is projected to reach around USD 81.17 Billion by 2032.