ADAS Market by System, Component, Vehicle, Offering, EV, and Region 2025 - PowerPoint PPT Presentation

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ADAS Market by System, Component, Vehicle, Offering, EV, and Region 2025


[175 Pages Report] ADAS Market report categorizes the global market by Type (ACC, HUD, LDWS, Blind Spot Detection, TPMS, Adaptive Front Lights, Electronic Brake Assist, Park Assist, Night Vision, Drowsiness Monitor, Pedestrian Detection, Road Sign Recognition), Sensor Technology (Ultrasonic, Image, RADAR, LIDAR, Infrared), Vehicle Type, & by Region – PowerPoint PPT presentation

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Title: ADAS Market by System, Component, Vehicle, Offering, EV, and Region 2025

MarketsandMarkets Presents
ADAS Market by System, Component, Vehicle,
Offering, EV, and Region 2025

  • "ADAS Market by System (ACC, AFL, DMS, NVS, IPA,
    Component (Radar, LiDAR, Ultrasonic, and Camera
    Unit), Vehicle (PC, LCV, Buses, Trucks),
    Offering (Hardware, Software), EV, and Region -
    Global Forecast to 2025", The ADAS Market
    (Advanced Driver Assistance System Market) is
    estimated to be USD 24.24 billion in 2018 and is
    projected to reach USD 91.83 billion by 2025, at
    a CAGR of 20.96 during the forecast period.
  • The increasing demand for a safe, efficient, and
    convenient driving experience and rising demand
    for luxury vehicles across the globe are the key
    factors driving the growth of the ADAS market.
  • The ADAS market has been segmented by system,
    vehicle type, component, EV, offering, and
    region. Road sign recognition (RSR) is projected
    to be the fastest growing segment of the Advanced
    Driver Assistance System Market, by system. The
    growth of RSR can be attributed to increasing
    road infrastructure activity in developed as well
    as developing economies.
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  • The ADAS market has been segmented by vehicle
    type into passenger cars, light commercial
    vehicles, buses, and trucks. Passenger car is
    estimated to be the fastest growing segment of
    the Advanced Driver Assistance System Market, by
    vehicle type. The number of passenger cars is
    growing at a significant rate in the emerging
    economies of the Asia Pacific region. The
    increasing demand for passenger cars can be
    attributed to the rise in GDP and population of
    developing countries, improved lifestyle,
    increased purchasing power of consumers, and
    development of infrastructure. ADAS is provided
    as a standard feature in passenger cars in
    several countries to prevent fatalities due to
    accidents. For instance, the European government
    mandated the installment of LDWSs and AEBSs in
    trucks and buses in 2015.
  • The Asia Pacific region is estimated to dominate
    the ADAS market, in terms of value, in 2018. The
    rising disposable income levels, increased
    vehicle production in developing countries such
    as India and China, and increase in the number of
    luxury vehicles in countries such as Japan are
    expected to fuel the growth of the Advanced
    Driver Assistance System Market in the Asia
    Pacific region.

  • Government regulations pertaining to vehicle
    safety drives the ADAS market
  • Safety features have become an important
    prerequisite for automotive consumers across the
    world. Most of the accidents are caused by driver
    distraction or lack of concentration due to
    drowsiness. The Third Global Status Report on
    Road Safety 2015 estimated the number of road
    traffic deaths per year to be more than 1.2
    million. The OEMs and the government regulatory
    authorities are taking necessary steps to improve
    transportation by addressing major challenges
    such as road accidents, traffic congestion, and
    the cost of transportation. The governments of
    various countries have also made mandates for
    features such as LDW and AEB. Several kinds of
    safety features have therefore been developed to
    assist the driver and lower the number of
    accidents. For example, the Driver Monitoring
    System monitors the driver and alerts or warns
    the driver in case drowsiness and distraction are
  • The key players in the ADAS market include Robert
    Bosch (US), ZF Friedrichshafen (Germany), Denso
    (Japan), Aptiv (UK), Intel (US), NVIDIA
    (Germany), Continental (Germany), Valeo (France),
    Hella (Germany), Magna (Canada), Samsung (South
    Korea), and Hyundai Mobis (South Korea). These
    players are increasingly undertaking mergers and
    acquisitions, and product launches to develop and
    introduce new technologies and products in the
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